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

Benefits Of Online Payment Facility By Credit Union

28. July 2020 Administrator Blog (0)
Credit unions are community-based financial institutions that offer additional advantages for their members. They focus on community, attractive and affordable loan rates, and other added perks. Members are offered a variety of financial services for added convenience. One of the most attractive features is the ability to make online payments.

Credit unions offer a safe and secure online payment facility. Benefits of using online payment facility offered by a credit union are:
  • Convenience: Online bill pay service makes it easier to organize bills and pay them before they are due. If an individual juggles rent/mortgage, cable, electricity, credit card payments and more; online bill pay can save time and help to avoid late fees. There is no requirement to log into several websites and remember multiple passwords. Credit unions also offer an option to pre-schedule payments on their due date. Whether the bills are received electronically or by mail, members can utilize an online facility to schedule payments.
  • Security: Credit unions use the most suitable security protocols to keep their online transactions secure. Several methods are incorporated to keep member information safe including security layers, etc.
  • Simplified Money Management: Making online payments can help members check account balance and determine whether the bill payment has been scheduled and paid. Other benefits may include searching for specific payments online, access to online payment history, setting up email alerts for payments, etc.
  • Environmental Advantage: One of the biggest benefits of paying bills online is eliminating paper waste. Paying bills online will reduce the use of paper checks. In addition to eliminating paper waste, it also eliminates the costs of postage and envelopes.
  • Easy Consolidation: Using an online payment facility will allow consolidating bills in one place as they are posted from one account each month.
  • Organization: It is certainly possible to lose track of finances, but online bill payments help individuals to organize their records. With all the bills and payments organized at one single place, members can easily know if something is posted incorrectly.
  • Saves Time: Once the electronic bill payment service is set up online, it takes just minutes to pay the bills. Increasingly people are shifting to electronic statements and making use of online bill pay, thus saving themselves time and money.

Greater Central Texas Federal Credit Union offers online bill payment facility to its members. The Bill Pay member service helps to conveniently make online payments in a safe and secure manner. For more details on the benefits of online payment facility by credit union, visit 3305 E. Elms Rd., Killeen, TX – 76542. You can also call at (254) 690 – 2274.

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GCTFCU Blog | Benefits Of Financing Your Vehicle Through a Credit Union
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net
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GCTFCU Blog | Reasons Why Credit Union Interest Rates Are Ideal For Consumers
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Reasons Why Credit Union Interest Rates Are Ideal For Consumers

30. April 2020 Administrator Blog (0)



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GCTFCU Blog | ‘Skip-A-Payment' Option At Greater Central Texas Federal Credit Union
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

‘Skip-A-Payment' Option At Greater Central Texas Federal Credit Union

11. February 2015 Administrator Auto Loans, Home Loans (0)
Borrowing money can help ease a difficult situation and bring things back to track. Personal loans like auto loan, home loan and other loans help people overcome financial crisis. However as banks usually have strict conditions along with scrutinizing terms and conditions, people often prefer a credit union to secure a loan. Greater Central Texas Federal Credit Union is a non-profit organization owned by its members and offers loans at low interest rates.

An issue that comes up with loans is its repayment. Taking out a fixed monthly payment month after month can be a nerve wrecking experience. There are many reasons that people fail to pay their monthly payments such as loss of employment, sudden unexpected medical expenditures or other expenses, which cannot be avoided. However once you miss a payment it becomes difficult to get back on track and streamline your expenses. In such situations, credit unions are very helpful as they are considerate, flexible and lenient.

Greater Central Texas Federal Credit Union have flexible terms and conditions and in certain situations, also offer relaxation to the members who have borrowed money from the union. We also offer the ‘slip-a-payment’ option that helps members pay their payments easily. The skip-a-payment option allows the borrower to skip a payment at a nominal fee. It is available for the members provided that the loan account remains in good standing. Skip-a-payment is usually available on auto loans and RV loans. This option can be availed once per year and the loan should be more than 6 months old. Mortgage loans are however often excluded from this option.

By offering ‘skip-a-pay’ option, you can easily overcome the financial crisis and skip a loan payment without affecting your credit rating. It is however, important to know that “skip-a-pay’ is a temporary option that may offer you relief for some time, but it comes at a cost. Interest still applies on your loan balance and even if you skip a payment it will extend the number of months that you may require paying off your balance.

We, at Greater Central Texas Federal Credit Union provide you attractive loans at flexible terms. We offer ‘skip-a-payment’ option for members who are unable to make a particular month’s payment. For more information, visit us at 3305 E Elms Road, Killeen, TX 76542 or call (254) 690 – 2274.
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GCTFCU Blog | Reasons To Shop At A Credit Union For Auto Loans
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Reasons To Shop At A Credit Union For Auto Loans

14. July 2015 Administrator Auto Loans (0)
When looking around in the market to buy a new or used car, the first and foremost thing that needs to be decided is an appropriate source of finance. It is essential to research the different loan options and choose one accordingly. However, it is recommended that you consider a credit union in order to get the best possible deal on your auto loan.

Given here are some of the reasons why you should consider taking auto loan from a credit union:

  • Better Chances Of Loan Approval: A credit union does not have stringent income requirements like a bank. It provides flexible and affordable loan options to suit the need of all clients. Moreover, the staff at a credit union is more receptive to the clients’ requirements and is often willing to make reasonable changes in the terms of the loan.
  • Lower Rates Of Interest: This is the biggest reason why most people choose credit union for an auto loan. A credit union offers much lower interest rates than banks or any other financial institution. Whether you are going to purchase a new or used car, the approximate cost of loan from a credit union would be almost half of that at a bank. Subsequently, the monthly or annual payments are also quite low and easy-to-pay. 
  • Simpler Loan Process: The process of applying for an auto loan is also much simpler and convenient at a credit union. There are no complex forms to be filled or documents that need to be submitted. The staff at the credit union also provides complete assistance to clients about the process in a smooth manner. Usually, the loans are approved within a few days after all the documents have been verified. 
  • Non-Sales Approach: Unlike most traditional banks, the staff a credit union does not work towards making a sale or earn any sort of bonuses. They work solely for the benefit of their clients and easing their financial difficulties. All the profits earned by the credit union are returned in the form of low interest rates, dividends or other services to the clients. The representatives will understand your requirements and put forward the most suitable loan option.
We, at Greater Central Texas Federal Credit Union, offer affordable and convenient auto loans in Killeen. 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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