Greater Central Texas Federal Credit Union has its origins dating back to 1957. We are a secure and sound credit union, based on a not-for-profit model, where all the proceedings from the credit unions go back to our members. The large number of financial opportunities and member services that we offer give us the reputation of being a highly trusted financial service provider. Here is a look at some of the key benefits that you can avail with a GCTFCU membership:

• Payroll deduction
• Direct deposit
• ATM
• Wire transfer
• Cash advance on your MasterCard and MasterCard gift cards
• Bill payments
• Online access to your account
• ACH origination
• Notary service

In addition to the aforementioned convenience services that we offer our members, you can also benefit from a wide range of savings and investment options. These are especially useful if you are planning to make a huge investment like a house or a car. As a GCTFCU member, you are entitled to open a regular share savings account, for which you need a minimum of only $25.00 to start with. You can benefit from our attractive dividend rates, which are paid on a quarterly basis.

Other popular saving options that our members can avail include Share Certificates of Deposit, IRAs, and club accounts. The SCD requires a minimum balance of $1000, and flexible terms ranging between 6 months and 36 months. The interest on these accounts is compounded quarterly. For those looking for a secured auto loan, getting a GCTFCU membership is a great idea, because we offer cheap interest rates and flexible loan terms, making it easy for you to convert your dream into a reality.

Our members are entitled to a wide range of options while getting an auto loan, which include pre-approval on the loan and refinancing. Other loans that we offer include boat loans, RV loans, home improvement loans etc. You can also enjoy low rates on our credit cards, which start from as low as 8.99% for our MasterCard Platinum. Our members are privileged to use these credit cards worldwide, without having to pay any annual fee.

You can also avail our exclusive skip-a-payment feature, which makes it easy for you to sail through a rough financial patch without having to worry about lagging behind on your loan payment. Our efforts remain to provide the best service and lending opportunities to each of our valuable members.

Car loans are a great way of getting the car of your dreams regardless of whether you have the cash or not. The only arduous phase in getting such a loan is the preliminary one where you need to do some homework on the financial institutions offering loans and what their terms and conditions are. It is very important to be clear about the fundamentals of a car loan and for this, you might have to ask your lender some crucial questions. Those taking such a loan for the first time might not even be aware of the intricacies of a car loan, and could end up in complications later on.

Anyone opting for a car loan should ask questions relating to the following points:

• Interest rate: You must ask about the rate of interest being offered on the loan to assess what your total costs will be at the end of the loan term. Credit unions are known to offer loans at very competitive interest rates, which make them a cheaper option in the long run.
• Term of the loan: Do inquire about the term of the loan, as a longer term will mean you will have to pay a lower amount of installments each month. On the other hand, a shorter term will require you to pay larger installments, which might become burdensome for some. Information on the term of the loan is very important to help you judge how much you will be comfortable paying each month.
• Down payment: A larger down payment will cut down on your interest charge thus lowering your costs while a smaller down payment will mean a higher interest. It is good to clarify how much the lender expects and what scheme of things will suit you the most.
• Prepayment of the loan: Ask your lender about the terms and conditions related to prepayment of loans. In some cases, the lenders charge a penalty from the borrower for paying back the loan before the stipulated period. Others do not charge penalties but refrain from refunding you any finance charges that you might have incurred.
• Late charges: Ask about the late charges that you will have to incur in case of a delay in the payment of an installment. The late charges are usually a percentage of the unpaid amount regardless of whether you have paid off a partial amount.

For all kinds of auto loans, contact us at Greater Central Texas Federal Credit Union at 3305 E Elms Road Killeen, TX 76542 or give us a ring at 254-690-2274.