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

Loans and Financial Services Offered by Greater Central Federal Credit Union, Killeen, TX

31. December 2021 Administrator Blog (0)
Greater Central Federal Credit Union is a member-owned cooperative that strives to provide its members with affordable and convenient financial services and products. It was formed in 1957 by a group of 9 teachers who contributed money to be used by any one of them in need of finances at affordable rates. To date, the credit union is committed to providing the best services and lending opportunities to its members. It is insured by the NCUSIF (National Credit Union Share Insurance Fund).

The credit union provides the following loans and financial services to its members:

  • Secured Loans: These loans are provided against collateral with a value that is at least 20% more than the loans value. Detailed information about the loans is available on the credit union’s website. APR and the term of secured auto loans for new and used autos is provided. The APR rates for recreation vehicles (ATVs, motorcycles and RVs) are 2% higher than those of used autos. We also provide 72-month vehicle loans. If you want a share-secured loan (one that is backed by a share account), the rate will be 2% more than that of a secured account.
  • Unsecured/Signature Loans: These loans are ideal for unexpected expenses or for projects like a vacation. We offer personal/unsecured loans at affordable rates and make quick approvals upon receiving a completed application and verifying income (loan approval within 24-48 hours). We offer payroll deduction, direct deposit and automatic transfer services for convenient loan payment.
  • Credit Builder Loan: This loan is offered to help members improve their credit score. It works by freezing the amount of money in a share account until the borrower pays off the loan. As per their nature, these loans can be offered even if the credit score is not satisfactory. It is a good choice for anyone interested in getting a loan for the first time. The best part about these loans is that a borrower gets to build credit and also save in one go.
  • Savings Accounts: We offer a range of accounts to provide banking convenience for our members. These include a share savings account, a checking account, a money market account, a Christmas Club, a Vacation Club, Certificates of Deposit, and an Individual Retirement Account (IRA). The requirements for opening a savings account are to be living, working, or worshipping west of I-35, 2 forms of ID, $5.00 for opening an account, and $20.00 to be kept in the account.
  • Other Services Offered: We offer useful financial services such as an amortization calculator (on our website), skip-a payment options, debit cards, Outgoing ACHs, Incoming ACHs, Outgoing wires, Incoming wires, bill pay, gift cards and an audio response system for checking balances, making loan payments and checking cleared drafts.
To know more about the loans and services offered by Greater Central Texas Federal Credit Union, visit 3305 E. Elms Rd., Killeen, TX 76542 or call at 254-690-2274. You can also visit www.gctfcu.net
GCTFCU Blog | Borrowing From A Credit Union: The Benefits
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Borrowing From A Credit Union: The Benefits

13. October 2015 Administrator Auto Loans, Car Loan, Home Loans (0)
A majority of people looking for easy financing options are turning to credit union these days. A credit union is basically a member owned and operated non-profit organization working solely for the benefit of the clients. When you are looking for a home or auto loan, you must consider applying at a credit union to get an affordable deal.

Here are some of the benefits of borrowing from a credit union:

  • Competitive Interest Rates: Working with a customer centric approach, a credit union offers loans at significantly low interest rates as compared to other financial institutions. As they are not liable to pay any state or federal taxes, all their profits are given out to the members in the form of low interest rates.
  • Excellent Customer Service: A credit union always keeps customers’ benefit as their topmost priority. They formulate customized loan products, policies, terms and conditions according to the client’s requirements. Their staff even assists the clients in the loan application process.
  • Lower Fees: The loan application fees charged by a credit union tend to be lower so as to benefit the customers. The transfer fee is also less and usually, there are no ATM charges levied from the clients. This in turn, implies that you can save a lot of money and add to your savings substantially.
  • No Hidden Charges: All the rules and regulations of credit unions are very clear as well as explicitly stated. There are no hidden charges or fines in case you pay back the loan before the stipulated time period.
  • Fewer Income Requirements: In order to be eligible for borrowing from a credit union, you do not need to have a considerably high income. People who have a low income can also get approval for their loan application. The staff at a credit union is more amenable to the clients’ needs and willing to make minor alterations in terms of the loan.
  • Repay Loan Through Various Channels: A credit union allows you to repay the loan through various channels, such as payroll deduction or direct deposit. You can even skip-a-payment once a year in case of a financial crisis.
Greater Central Texas Federal Credit Union is a leading credit union in Killeen, TX. We offer low interest secured and unsecured loans for homes, vehicles, etc. For more information, you can call us at (254) 690 – 2274 or visit our office at 3305 E. Elms Rd., Killeen, TX  76542.

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