GCTFCU Blog | What Is Direct Deposit?

It is very important that you act smartly in a deal to buy a car or you will end up losing much more money that you actually should. Generally, most of the car buyers arrange money before buying a new car. This scheme, known as auto financing, means the way you are going to pay for your new car. You can get your car financed by getting an auto loan which you can use in two ways: either pay the money to buy the car, or use it for lease.

If you have purchased a car before, you might know that the loan provider will check your credit report before doing any sort of deal with you. However, this is not the only requisite for taking an auto loan. Auto dealer will also try his best to appease the deal and give you special offers on car financing. But, you need to be extremely watchful.

Remember, you should be well prepared for this. Consider all the options of auto financing before visiting the dealer so that you can manage your car loan as well as your credit. Bear in mind that no deal is permanent until you have a hard copy for it. When you are done with the negotiations, do get the sales contract prepared.

Overstated interest rates
Be careful to verify your monthly payments as well as the interest rates. Different car buyers are charged with different rates of interest depending upon their credit history. If you have a poor credit history, you will be charged a high rate of interest and this is where the car dealer profits from your loan.

Independent auto financing
If you have a pre-approved auto financing, you can go up to the car dealer and purchase the car as a ‘cash buyer’. It would be good if you go for independent auto financing to buy a new car.

To get Auto Loans in Central Texas, visit Greater Central Texas Federal Credit Union. We have amazing deals on auto loans for our customers. We are located in Killeen, TX. You can also call us at Phone: 254-690-2274).

Secured Auto Loan - Cheap Auto Loan

What is Over Draft Protection

Overdraft Protection (OD) is a product provided by banks and credit unions to offer financial coverage in case of insufficient funds in the account. An additional amount is transferred to cover a transaction thereby preventing it from getting declined. Let’s look at some benefits of opting Overdraft Protection.

Transactions - With overdraft protection in place, even if a person doesn’t have sufficient money in the account, ATM and debit cards transactions will still go smoothly. It will prevent transactions from getting rejected or declined due to negative balance, thereby saving you from inconvenience and embarrassing situations. Please note that it is the discretion of Greater Central Texas Federal Credit Union (GCTFCU) to authorize and pay OD for any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined. If a transaction is declined, you will be charged a $35 fee.

Availability of Funds in times of Emergencies - Overdraft Protection gives coverage and cash during emergencies or temporary economic hardship. A situation might get worse without a financial support. If you have enrolled for overdraft protection, you get an automatic access to funds which can be used in times of crisis.

No Bouncing Checks - Bounced checks can create a lot of hassle and problems. Overdraft protection, prevents checks from getting bounced and saves a person from paying bounced check fees. This financial product may help you prevent money trouble blemishing your credit report.

Services under Overdraft Protection - Greater Central Texas Federal Credit Union offers Overdraft Protection in two different ways; standard overdraft practices that come with your account and Overdraft Protection through a link to your savings account. The standard overdraft practices that come with your account encompasses checks and other transactions made using checking account number and automatic bill payments. Under standard overdraft practices Greater Central Texas Federal Credit Union will charge a fee of up to $30 each time we pay on your behalf.

Federally Insured up to $250,000 by the National Credit Union Administration (NCUA), Greater Central Texas Federal Credit Union offers services like direct deposit, on-line access, overdraft protection, wire transfer, ACH origination, bill pay, ATM and various other checking, savings and loans products.

You can visit Greater Central Texas Federal Credit Union, 3305 E. Elms Rd., Killeen, TX 76542 to know about financial services offered.

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