Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Reasons To Get A Loan From A Credit Union

20. August 2017 Administrator (0)
A credit union is a financial co-operative that provides loans at competitive rates. The non-profit lending organization works for the benefit of its members. All you need to do is sign up for the membership of the credit union in order to gain all the benefits. Below is a list of certain reasons why you should get a loan from a credit union:

  • Competitive rates of interest: A credit union offers loans at viable rates of interest that makes it easier for the members to get one. Even the loan terms are favorable due to which they can repay the loan along with the specified interest rates at a very comfortable pace.
  • No hidden charges: Credit unions have a small upfront fee when it comes to lending formalities. Apart from this, there are no hidden charges, security deposits or penalties that you are required to make. Not only this, even the paperwork for a loan is not a lengthy process and can be completed within no time. This makes the overall loan process faster and is beneficial for the borrower.
  • Hassle-free membership requirements: It is easy to become a member of a credit union. Whether you are working in a certain company, business or government organization; you can apply for the membership of a credit union. After becoming a member, you get to enjoy all the advantages associated with the membership of the credit union.
  • Works for the benefit of members: Credit union is member and community-oriented. It is formed to provide loan benefits to the members. Even if you default on a loan payment, a credit union is likely to stand with you and offer other possible options.
  • Reasons To Get A Loan From A Credit Union: Nowadays, credit unions offer user-friendly loan options wherein borrowers can simply go online and apply or call over the phone to discuss the details and formalities. This saves the time of actually visiting the credit union premises and talking face-to-face with the loan officer.
  • Additional bonus for members: The members of credit union can get additional bonus offers which are not open for general consumers. The unique perks are promoted by credit unions and this helps in providing extra benefits for those who are a part of the credit union. This is another important reason why you should become a member and get a loan from the credit union.
We, at Greater Central Texas Federal Credit Union, offer affordable loans to our members in Killeen, TX. To know more about the interest rates, you can call us at (254) 690 – 2274.

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GCTFCU Blog | Financial Tips For Youngsters
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Financial Tips For Youngsters

27. December 2018 Administrator Blog (0)
Financial intelligence is paramount for youngsters who want to achieve success and financial freedom early in life. This is because youngsters who make smart financial decisions at the beginning of their career ladder have better savings, fewer debts, emergency funds and other financial perks as compared to their counterparts.

Following are some proven financial tips for youngsters:

  • Practice Budgeting: One of the most useful financial tip is to learn how to budget. Budgeting helps you keep a tab on your incomes and expenses. It makes it easier to allocate funds for important things such as education, bills, grocery, etc.
  • Open A Savings Account: A savings account is one of the best modes of saving money for future investments as well as for achieving both long-term and short-term goals. You may consider being a member of the credit union as you will be entitled to many benefits and privileges reserved for members only.
  • Plan Ahead For Retirement: Start saving for your retirement while you are still young. You can be a part of an employer’s plan for the same. Such plans require you to contribute a portion of your income towards retirement goal.
  • Pay Off Your Debts Systematically: Start paying off your debts by getting rid of the smaller ones initially and gradually building your way up to the larger debts. This is referred to as the ‘Snowball Method’ and is great for keeping you motivated and focused. Take on a new debt in extreme cases only.
  • Build An Emergency Fund: It is important to keep aside some money in your emergency fund. So, if you start building your emergency fund while you are young, it will ensure that you have a substantial amount down the road.
  • Reduce Expenses: A great financial rule that can do wonders for youngsters is to minimize unnecessary expenses. Start by trimming off expenses that are futile and repetitive in nature. Eventually progress to cutting down expenditure on more meaningful yet avoidable items.
  • Manage Raises: When you get a raise, use it judiciously. Instead of spending it for leisure, you can either use it to pay off a long pending debt or save it.
  • Educate Your Children: Teach your kids the value of money at an early age. Embed it in their malleable minds that saving is not an option but a necessity. You can even take them to a nearest credit union and motivate them to open their own savings accounts.
Greater Central Texas Federal Credit Union is a not-for-profit financial cooperative that operates for the common benefit and welfare of its member-owners. For more information, visit 3305 E. Elms Rd., Killeen, TX -76542 or call at (254) 690 – 2274.

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GCTFCU Blog | Looking To Purchase A Home In Killeen? Credit Union Can Help
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Looking To Purchase A Home In Killeen? Credit Union Can Help

4. April 2014 Administrator (0)

The real estate industry in Killeen, Texas is buzzing today with many people looking to buy the house of their dreams here. Whether it is an apartment, villa, or any other property, buying a house is considered as a good investment. Financing a house can be tricky at times; of course you have savings from your hard-earned money, but there is always an option of getting a secured loan Read on to know how a credit union can help you with getting the requisite financial resources for buying your new house.

  • The home loans offered by credit unions come at typically lower interest rates. In addition, there are a variety of options to choose from when it comes to an interest rate that best suits your pocket. Lower interest rates mean guaranteed peace of mind as you enter into your new house and live freely with family and friends.
  • Credit unions offer fast approval of home loans as compared to the conventional sources of financing the purchase of house. Getting a loan sanctioned can be a tedious and time consuming process and today nobody has time to waste. With credit unions in Killeen TX you can benefit from applying online for loans and getting them sanctioned at the earliest possible time. It can be done from the comfort of office or home.
  • Another factor is availability. With a credit union, the clients do not have to worry about timings; they can apply for loans and get them sanctioned as and when it is convenient for them and not worry about opening and closing times.
  • To apply for a home loan in Killeen TX, many credit unions offer helpline numbers that are functional round the clock. As a customer, you may have valid concerns and queries related to your loan; a credit union will appropriately address those at a time convenient to you.
  • The loan solutions offered by credit unions are highly unbiased. Every dealing is done keeping in mind the requirements and budget of individual customers. These days, credit unions also offer the option of secured loans wherein you can pledge assets as collaterals to obtain the loan. This is a good way of financing the purchase of your house.

So if you are looking to get a home loan at competitive rates for purchasing a house, a credit union is your best option.

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