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

Online Services Offered By A Credit Union in Killeen

29. October 2019 Administrator Blog (0)
Along with financial assistance and lending opportunities, credit unions are committed towards providing a variety of services for the convenience of their members. With the advent of internet technology, credit unions are making progress by offering a variety of useful online services to save time and help members keep a tab on their financial status.

Online services offered by credit unions like Greater Central Texas Federal Credit Union in Killeen are:

  • Checking: The online checking accounts make it easier for members to conveniently manage their financial affairs on a day-to-day basis. Credit unions require a minimum daily balance to be maintained in the account and also charge a nominal monthly fee. However, there are no transaction charges. Members can sign up for E-Statements even with low minimum daily balance. They are also offered a free Debit Card and Overdraft Protection.
  • Savings: Credit unions offer online access to savings accounts such as a Share Account, Money Market Accounts, Vacation Club, Christmas Account, Certificates of Deposit and IRAs. To open any of these accounts, members are required to present 2 types of identification proofs i.e. social security card and a recent picture ID. In addition to this, a nominal amount is usually charged for opening the account.
  • IRA: Credit union members can opt for a Variable Rate Traditional or Roth IRAs. IRAs are beneficial for youngsters who are starting a career, couples, growing families and retired members. Online services have simplified the process of starting an IRA in a credit union or transferring an existing one to it.

Other Services Offered By Credit Unions
  • Payroll Deduction
  • MasterCard Cash Advance
  • Wire Transfer
  • Direct Deposit
  • ATM
  • Bill Pay
  • Regular Share Savings Account
  • Checking Accounts
  • Share Certificates of Deposit
  • Loan Services: New and Pre-Owned Vehicle Loans

Greater Central Texas Federal Credit Union offers a variety of online services to its members in Killeen. The online services include Checking Account, Savings Account and IRA. For further details on online services offered 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 | Long Term Auto Loans
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Long Term Auto Loans

19. July 2011 Administrator (0)

Every person has a desire to have his own car. However, due to a number of reasons, it is not possible for everyone to afford a car. One reason could be that you cannot manage to take out some money from your monthly budget, or you do not want to shell out money for a car due to some other future commitments. In such circumstances, long term auto loans can be of great help. These loans put forward longer time for the repayment of the loan, thus, not putting any burden on your monthly budget.

The long term auto loans are a bit different from other loans. You get enough time for repaying your loan amount. There are very low monthly installments, so you need not worry about making much contraction in your monthly expenses. These loans are also available in secured as well as unsecured forms.

You can considerably reduce your rate of interest with the secured loans. On the contrary, the unsecured loans have a fairly lower repayment term and higher rate of interest as compared to the secured loans. You need to place something as collateral if you wan to have a secured loan. Due to the paperwork involved in this process, it may take some time. However, if you are in an immediate need of loan, you can opt for the unsecured loans.

These loans may also require you to pay a certain amount of down payment. Your can lower your interest rates by making a bigger down payment. Most often, people try to pay 25 to 30 per cent of the cost of the car as a down payment.

You can search the market for the most bendable terms and conditions. There are also different repayment terms for long term auto loans, so you can choose the one that is best suited to your needs.

For auto loans in Central Texas, do visit Greater Central Texas Federal Credit Union. We have amazing deals on auto loans for our customers. Call us at Phone: 254-690-2274. We are located at Killeen, Texas.

Cheap Auto Loan - 72 Month Auto Financing

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GCTFCU Blog | What Are Credit Builder Loans
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

What Are Credit Builder Loans

27. August 2021 Administrator Blog (0)
A credit builder loan is a type of loan that helps to improve one’s credit profile and resolve a low credit score. The loan consists of a small amount that can easily be repaid by an individual. This helps in establishing one’s credit worthiness and qualifying for higher loan amounts in future.

Following are some things to know about credit builder loans:

  • Types of Credit Builder Loans: The types of loans offered by most lenders include Pure Credit Builder Loan, Secured Credit Builder Loan and Unsecured Credit Builder Loan. In the first type, the amount of the loan is locked away in a savings account until the amount is paid. In the second, an amount in one’s savings account is used as security against the loan. The last type works as a normal loan and is easily available.
  • Where to Get the Loan: You can get these loans from financial institutions like credit unions. Such institutions offer a variety of loans at low interest rates. Consider researching credit unions in your area and contact an official for more information on the benefits of these loans.
  • The Process: A financial institution offering the loan will consider things such as your bank transactions, work contracts, financials, etc. to determine your credit worthiness. The amount of loan offered is usually a small one and lasts for a term of 6 months to one year. Upon the disbursement of the loan, one can start paying regular EMIs as in the case of normal loans.
  • How It Works: In this type of loan, the amount if loan offered is deposited into the borrower’s savings account. The amount deposited cannot be accessed till the amount of loan is paid back. So, on repaying the loan, one gets back the money deposited into a savings account. Ask your lender whether there is a provision for prepayment in case you need to access your funds for an emergency.
  • What to Consider: When buying a credit builder loan, some things to consider are administrative fee (for setting up an account), amount of money to deposit in a savings account, monthly payment, APR, whether the interest will be refunded, etc. Get in touch with the customer care department of a credit union in your area for these details.
  • Managing the Loan: When getting a credit builder loan, it is important to understand its terms and conditions before making a commitment. Pay attention to details like the term of loan, amount of payments to be made, due dates, APR and more. Also, consider the affordability of the loan and be disciplined with paying your installments in full and on time to improve your creditworthiness. 
Greater Central Texas Federal Credit Union offers Credit Builder Loans in Killeen, TX. To know more, visit 3305 E. Elms Rd., Killeen, TX  - 76542 or call at (254) 690 – 2274.
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