Advantages Of Borrowing A Secured Loan From A Credit Union 11. September 2020 Administrator Blog (0) View Full Image
Steps For Getting A Secured Vehicle Loan 25. August 2020 Administrator Blog (0) Buying a vehicle requires a lot of research, test drives, and finding the right fit for your lifestyle and requirements. But, another factor that is equally important is to decide the financing option to purchase the vehicle itself. A secured vehicle loan from a credit union fits every borrower’s needs and comes with a lower interest rate. A secured car loan requires the borrower to pledge collateral against the loan. As with any loan, the borrower will need to qualify for the secured loan as per the requirements of the credit union. When you are looking to buy a vehicle loan, here are a few important steps that you should consider to get the loan:Check Your Credit: Having a good credit score is of high importance for borrowing a secured vehicle loan. With a higher credit score and a good credit history, the borrower may be entitled to lower interest rates and convenient loan terms. As long as the borrower pays bills on time, settles his debts, and avoids penalties, he can have a good credit score. Also, it is important to review the credit report to look for any unusual activity. Check for incorrect balances and late payments. If credit score is low, take steps to improve it before applying for the vehicle loan. Know The Budget: It is essential to have a predetermined budget and know how the budget for buying a car. The borrower should be sure that the vehicle’s cost is aligned with other financial goals. To determine the budget subtract usual monthly expenses from monthly income after deducting taxes. Also, include intended monthly savings in the expenses.Determine Affordability: After understanding current financial situation, it is required to decide on a reasonable monthly vehicle payment. Check with the loan officer to figure out the maximum loan amount that can be afforded. It should include the monthly payments, interest rate, and the loan period. Get Preapproved: It is important to research for the terms of the loan and get preapproved from the credit union. Getting preapproved for a vehicle loan will help expedite the process, determine eligibility, and find the right price.Contact the loan officers at Greater Central Texas Federal Credit Union to apply for a secured vehicle loan at an affordable rate. For more details on steps for getting a secured vehicle loan, visit 3305 E. Elms Rd., Killeen, TX - 76542, or call us at (254) 690 – 2274.
Determining The Amount You Should Save In A Credit Union Savings Account 8. August 2020 Administrator Blog (0) View Full Image
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.
Steps To Open An Account With A Credit Union 18. June 2020 Administrator Blog (0) Credit unions are a reliable source of superior and affordable financial services. The financial services offered by credit unions include an array of account types and loans. The process of opening a credit union account involves simple steps. The process is designed as per the convenience and customer satisfaction.Essential steps involved in opening an account in a credit union are:Determine The Requirements: To start with, individuals should determine their needs, study membership requirements, assess the rates and fees for desired account type. Also, know about the minimum balance requirements.Collect Important Information: Next, start gathering information that is required by the credit union for proving your identity. This includes tax identification number or Social Security Number, physical address, valid identification (driver’s license or passport), and other eligibility documents.Establish The Membership: Before opening an account with a credit union, the customers are required to establish the membership with it. Membership eligibility requires individuals to be a part of a specific non-profit organization or working, worshipping or attending school in a specific community, state, or city.Make A Deposit: After establishing membership with a credit union, members are required to make an initial deposit in order to open an account. This is a nominal amount and is required to project the availability of funds in the account. Most credit unions require members to maintain a minimum balance in their accounts.Use your Account: The last step of this process is to understand the terms and conditions associated with using your account. You can ask your employer to set up direct deposit services, make payments electronically and maintain a record of transactions.Conclusion: Members can open an account in person or online as per the services provided by the credit union. Online and general services include but are not limited to bill pay, account transfers, e-statements, wire transfer, payroll deduction, direct deposit, credit card, debit cards, etc.Greater Central Texas Federal Credit Union offers a variety of accounts to its members. The officials help the members to open an account with the credit union. For more details on steps to open a credit union account, visit 3305 E. Elms Rd., Killeen, TX – 76542. You can also contact (254) 690 – 2274.
GCTFCU Blog | Credit Union Killeen TX | Home Loans, Secured Auto Loan in Central Texas Toggle navigation Home Log in Greater Central Texas Federal Credit Union, 3305 E Elms Road Killeen, TX 76542 Telephone: 254-690-2274 www.gctfcu.net Direct Deposit Services By A Credit Union 22. January 2020 Administrator Blog (0) View Full Image Reasons Why Millennials Should Open An Account In A Credit Union 13. January 2020 Administrator Blog (0) For millennials, financial management relies on cost reduction and higher financial rewards to a large extent. This could be the main reason due to which most of them gravitate towards credit unions for opening savings accounts and borrowing loans. Reasons due to which credit unions are ideal for the millennial generation are:Good Returns: Most millennials seem to keep much of their assets in cash due to which they look for financial institutions that remain stable, in spite of market fluctuations. This ensures returns and favorable rates of interest on their deposits. More Personal Attention: Millennials love the personal attention bestowed on them in credit unions. They are able to enjoy this kind of attention because of the customer-friendly and member-oriented services of credit unions. Empowering: It is empowering to know that as a member of a credit union, one is also its owner. Each member contributes towards the growth and prosperity of other members via the funds deposited in the credit union. Millennials love such collaboration and also the freedom to take ownership of their finances.Non-Profit: Credit unions operate for the welfare of the community than the sole purpose of making profits. Millennials seem to resonate with this mode of operation and view credit unions as a reflection of charity organizations that give back to the community in the form of affordable loans, higher interest rates on savings and better deals.Operates Locally: The fact that the money of a community stays within that community goes well with millennials who look for ways to develop their local community. When the money stays within the community, it can be used for aiding in its growth and development.Greater Central Texas Federal Credit Union offers a variety of financial services to its members. The range of services offered includes savings accounts, checking accounts, vehicle loans, online banking facilities, etc. For more details on reasons why millennials should open an account in a credit union, visit: 3305 E. Elms Rd., Killeen, TX – 76542. You can also contact: (254) 690 – 2274. Requirements To Join A Credit Union 31. December 2019 Administrator Blog (0) View Full Image Tips For Saving On An Auto Loan 23. December 2019 Administrator Auto Loans (0) View Full Image Services Offered By Credit Unions 18. December 2019 Administrator Blog (0) Being non-profit and member-owned organization, a credit union offers a variety of financial services to its members at affordable rates. People consider credit unions to meet their financial goals because of their attractive rates and fees, sense of community, shared branching and personal services offered. Here is a comprehensive list of services offered by credit unions to their members:Savings Accounts: Under a credit union, savings accounts pay dividend to members based on the amount deposited and the prevalent interest rates. Transfers out of savings accounts are limited as per the federal law but there is no limit to the number of deposits.Checking Accounts: These accounts offer the freedom to spend money without monthly limits. Members can gain access to their money via debit cards, online bill payment, writing a check and paying cash. The credit union pays interest on a members cash without any limits to the monthly transactions. Debit cards (offered for free), can be used to withdraw money from ATMs and make online payments.Certificates of Deposit: These deposits pay higher interest to the members, provided the amount deposited is not withdrawn for a specific period of time. They are considered as one of the safest investments that pay more interest. Users who want some freedom to withdraw money without being charged interest can avail other accounts such as Money Market Accounts.Loans: Credit unions offer members a variety of loans such as auto loans (secured and unsecured) and credit cards.Other Services: In addition to the above-mentioned services, credit unions also offer Outgoing and Incoming ACHs, Bill Pay, Gift Cards, IRAs (Traditional and Roth), Club Accounts (Christmas Club and Vacation Club), ATM services, Payroll Deduction, Overdraft Protection, etc.Greater Central Texas Federal Credit Union offers a variety of beneficial services to its members. The member services include savings account, checking account, vehicle loans, etc. For further information on services offered by a credit union, visit us at 3305 E. Elms Rd., Killeen, TX – 76542. You can also call us at: (254) 690 – 2274. How Car Financing Works 30. November 2019 Administrator Car Loan (0) View Full Image How To Qualify For An Auto Loan 25. November 2019 Administrator Auto Loans (0) View Full Image Why Is Secured Loan A Good Option 21. November 2019 Administrator Blog (0) A loan that is backed up by any collateral is known as a ‘Secured Loan’. Collateral can be in the form of a financial asset owned by the borrower such as a house, car, precious jewelry, commercial property, etc. Reasons for which secured loans are considered an effective way to borrow money from Credit Unions are:Rate Of Interest: Credit unions offer secured loans at competitive interest rates. Secured loans typically have fixed interest rates so, a borrower’s monthly payments remain consistent in spite of changes in market trends. Bigger Loan Amount: The borrowers can apply loan for a larger amount provided collateral is satisfactory. This makes a secured loan apt for large investments such as purchasing a new or used car. Improves Credit: These loans help borrowers with low credit ratings to improve the same over time. As a borrower repays a secured loan according to the schedule set out by the loan officer, a positive track record is established and the credit score improves. A secured loan also improves credit score by lowering your credit utilization ratio.Flexible Terms: Those who borrow secured loans enjoy flexible terms of repayment as per the options offered by the credit union. The term of the loan can be set to match the financial circumstances of the borrower. These loan term may range from a few years to a longer stretch.Greater Central Texas Federal Credit Union offers secured loans to its members. In order to be a member of the credit union; the applicant should live, work or worship within the area of Bell County, west of I-35. The credit union provides secured loans at competitive interest rates. The loan can be used to buy new or used cars. The credit union members are also offered the option to apply for the loan online. The loan officers assist the applicants in understanding the loan process to help them choose suitable loan amount and terms. To know more about why secured loan is a good option, visit 3305 E. Elms Rd., Killeen, TX – 76542. You can also call at: (254) 690 – 2274. 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 UnionsPayroll DeductionMasterCard Cash AdvanceWire TransferDirect DepositATMBill PayRegular Share Savings AccountChecking AccountsShare Certificates of DepositLoan Services: New and Pre-Owned Vehicle LoansGreater 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. How To Apply For Secured Auto Loans 24. October 2019 Administrator Auto Loans (0) View Full Image << Older posts Newer posts >> Newer posts12...111213141516171819...4546Older posts
Reasons Why Millennials Should Open An Account In A Credit Union 13. January 2020 Administrator Blog (0) For millennials, financial management relies on cost reduction and higher financial rewards to a large extent. This could be the main reason due to which most of them gravitate towards credit unions for opening savings accounts and borrowing loans. Reasons due to which credit unions are ideal for the millennial generation are:Good Returns: Most millennials seem to keep much of their assets in cash due to which they look for financial institutions that remain stable, in spite of market fluctuations. This ensures returns and favorable rates of interest on their deposits. More Personal Attention: Millennials love the personal attention bestowed on them in credit unions. They are able to enjoy this kind of attention because of the customer-friendly and member-oriented services of credit unions. Empowering: It is empowering to know that as a member of a credit union, one is also its owner. Each member contributes towards the growth and prosperity of other members via the funds deposited in the credit union. Millennials love such collaboration and also the freedom to take ownership of their finances.Non-Profit: Credit unions operate for the welfare of the community than the sole purpose of making profits. Millennials seem to resonate with this mode of operation and view credit unions as a reflection of charity organizations that give back to the community in the form of affordable loans, higher interest rates on savings and better deals.Operates Locally: The fact that the money of a community stays within that community goes well with millennials who look for ways to develop their local community. When the money stays within the community, it can be used for aiding in its growth and development.Greater Central Texas Federal Credit Union offers a variety of financial services to its members. The range of services offered includes savings accounts, checking accounts, vehicle loans, online banking facilities, etc. For more details on reasons why millennials should open an account in a credit union, visit: 3305 E. Elms Rd., Killeen, TX – 76542. You can also contact: (254) 690 – 2274.
Services Offered By Credit Unions 18. December 2019 Administrator Blog (0) Being non-profit and member-owned organization, a credit union offers a variety of financial services to its members at affordable rates. People consider credit unions to meet their financial goals because of their attractive rates and fees, sense of community, shared branching and personal services offered. Here is a comprehensive list of services offered by credit unions to their members:Savings Accounts: Under a credit union, savings accounts pay dividend to members based on the amount deposited and the prevalent interest rates. Transfers out of savings accounts are limited as per the federal law but there is no limit to the number of deposits.Checking Accounts: These accounts offer the freedom to spend money without monthly limits. Members can gain access to their money via debit cards, online bill payment, writing a check and paying cash. The credit union pays interest on a members cash without any limits to the monthly transactions. Debit cards (offered for free), can be used to withdraw money from ATMs and make online payments.Certificates of Deposit: These deposits pay higher interest to the members, provided the amount deposited is not withdrawn for a specific period of time. They are considered as one of the safest investments that pay more interest. Users who want some freedom to withdraw money without being charged interest can avail other accounts such as Money Market Accounts.Loans: Credit unions offer members a variety of loans such as auto loans (secured and unsecured) and credit cards.Other Services: In addition to the above-mentioned services, credit unions also offer Outgoing and Incoming ACHs, Bill Pay, Gift Cards, IRAs (Traditional and Roth), Club Accounts (Christmas Club and Vacation Club), ATM services, Payroll Deduction, Overdraft Protection, etc.Greater Central Texas Federal Credit Union offers a variety of beneficial services to its members. The member services include savings account, checking account, vehicle loans, etc. For further information on services offered by a credit union, visit us at 3305 E. Elms Rd., Killeen, TX – 76542. You can also call us at: (254) 690 – 2274.
Why Is Secured Loan A Good Option 21. November 2019 Administrator Blog (0) A loan that is backed up by any collateral is known as a ‘Secured Loan’. Collateral can be in the form of a financial asset owned by the borrower such as a house, car, precious jewelry, commercial property, etc. Reasons for which secured loans are considered an effective way to borrow money from Credit Unions are:Rate Of Interest: Credit unions offer secured loans at competitive interest rates. Secured loans typically have fixed interest rates so, a borrower’s monthly payments remain consistent in spite of changes in market trends. Bigger Loan Amount: The borrowers can apply loan for a larger amount provided collateral is satisfactory. This makes a secured loan apt for large investments such as purchasing a new or used car. Improves Credit: These loans help borrowers with low credit ratings to improve the same over time. As a borrower repays a secured loan according to the schedule set out by the loan officer, a positive track record is established and the credit score improves. A secured loan also improves credit score by lowering your credit utilization ratio.Flexible Terms: Those who borrow secured loans enjoy flexible terms of repayment as per the options offered by the credit union. The term of the loan can be set to match the financial circumstances of the borrower. These loan term may range from a few years to a longer stretch.Greater Central Texas Federal Credit Union offers secured loans to its members. In order to be a member of the credit union; the applicant should live, work or worship within the area of Bell County, west of I-35. The credit union provides secured loans at competitive interest rates. The loan can be used to buy new or used cars. The credit union members are also offered the option to apply for the loan online. The loan officers assist the applicants in understanding the loan process to help them choose suitable loan amount and terms. To know more about why secured loan is a good option, visit 3305 E. Elms Rd., Killeen, TX – 76542. You can also call at: (254) 690 – 2274.
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 UnionsPayroll DeductionMasterCard Cash AdvanceWire TransferDirect DepositATMBill PayRegular Share Savings AccountChecking AccountsShare Certificates of DepositLoan Services: New and Pre-Owned Vehicle LoansGreater 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.