Taking Advantage Of Skip-A-Payment Option 25. June 2018 Administrator Blog (0) At one point during a loan period, financial institutions usually invite their clients to avail a skip-a-payment option in order to save some money. This is usually once every year provided your mortgage is not in arrears and the current balance of your mortgage plus the payments you desire to skip are not more than the original value of the mortgage. It pays off to know some ways in which such an option can be used to your advantage if you decide to avail it.Here is a list of some ways in which a skip-a-payment option can be taken advantage of:Holiday Months Shopping: The money you save on skipping a payment can be used during the holiday season. You can make the most of heavy discounts and sales by creating a buffer budget. With more money in your pocket, it is easier for you to purchase essential decoration items during the holiday season. This works best for those who have not planned their holiday expenses in advance and end up incurring more than they had planned for.Post-Holiday Expenses: If your financial institution offers you a skip-to-payment option at the beginning of the year, it might be a great chance to pay a part of your holiday expenses that are lingering on in the form of credit card balances. The skip-to-payment option in this case works best for those who have spent in advance for the holidays.Vacation Expenses: If you are all set for a family vacation but not quite prepared financially for any sudden expenses that might crop up, a skip-to-pay option gives you the much needed financial cushioning during such times. You can always bank upon the extra cash.Sudden Unexpected Expenses: By deferring your loan payment for a month, you can easily adjust to sudden expenses that may arise due to a medical condition, loss of job, auto or home repairs etc. At least for that trying period, you don’t have to worry about your incoming bills.Conclusion: A skip-a-payment option is no doubt a very valuable tool when extra finances are required suddenly, it should however be used smartly. You cannot depend on it as a long term solution to your financial insufficiencies. It is advisable to consult a private budget counsellor or an expert in this matter from your financial institution for guidance as to how to make the most of this option.For more information, visit Greater Central Texas Federal Credit Union at 3305 E Elms Road, Killeen, TX 76542. You can also call at (254) 690 – 2274.
Facts About Credit Union 30. May 2018 Administrator Blog (0) 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 Rules To Keep In Mind While Applying For Loan 16. March 2018 Administrator Blog (0) View Full Image How A Credit Union Helps You Save Money 27. February 2018 Administrator Blog (0) Credit union is a non-profit organization which is owned & controlled by account holders. There’s always a common link between the members of a credit union. They could be working in the same company, going to the same church, living in the same community etc. Profit earned from the union is re-invested into the organization or used to fund its members. Borrowing from a credit union can help you save money in the following ways:• Lower CostsInstead of making profits, credit unions focus on providing better products to their members at low costs. So, they charge nominal fees for their services. The amount charged is just to cover their costs of operation. This is done to ensure that in the long term you end up saving more money by shelling out less in the form of interest rates and service charges.• Higher Interest Rates On SavingsCredit unions offer high interest rates on savings accounts. The amount of interest that adds up over time is directly a part of your savings. This will increase your savings substantially.• Lower Interest Rates On LoansWith a low rate of interest, borrowing from credit union becomes a great option for cutting down one’s expenses. It is easy to accommodate interest payments of such loans into one’s monthly budget. • Convenient Auto LoansGetting an auto loan via a credit union is a great way of reducing the payouts of monthly installments. They encourage members to make higher down payments which reflect in lower monthly expenses and interest rates. Members can also choose shorter tenure periods for the loans consequently saving on their interest costs.• Easy Approval Members of credit unions can easily get pre-approved for the loan. They generally approve the loan application within 24 - 48 hours of document verification. The whole process is quite flexible & hassle free. • Budgeting AssistanceThe welfare of its members is pivotal for any credit union. The loan officers at the credit unions work in tandem with their members and offer assistance in finding a loan that best works for them. Credit unions are a great option for loans as they follow an easy and stress free process. The staff assists the members in all aspects of loan application process. For more information, visit Greater Central Texas Federal Credit Union at 3305 E Elms Road, Killeen, TX 76542. You can call at (254) 690 – 2274 or log on to https://gctfcu.net/ Try A Credit Union For Cheaper Auto Loan 24. February 2018 Administrator Auto Loans (0) View Full Image Step-By-Step Guide To Auto Loan Pre-Approval 21. February 2018 Administrator Auto Loans (0) View Full Image Checklist Before You Visit A Credit Union 29. January 2018 Administrator Blog (0) Credit unions are highly preferred by many due to their lower cost of borrowing. They are owned by the members and adopt a personal approach towards their loans. They are non-profit cooperatives whose main goal is to provide the members with financial services.1. Fit Into The Criteria For MembershipThe first thing you will have to ensure is that you fulfill the requirements of becoming a credit union member. These requirements may vary amongst different credit unions. Find out what your local credit unions requirements are and get them fulfilled in order to become a member and avail low interest loans. 2. Demonstrate Credit WorthinessIt is imperative to work on your credit scores before visiting a credit union. You will be required to show a proof of good credit before being considered as a member. The low interest rates come at a price of a good credit record as credit unions have to be assured that the loan will be repaid.3. Prepare Your DocumentsYou are required to submit documents for opening an account with any credit union. You should seek a list of documents required and prepare all of them before visiting.However, following is a list of some basic documents that almost all credit unions ask for - Identity proofAddress proofDate of birth proof4. Make Arrangements To Fulfill Minimum Balance RequirementMost credit unions expect a modest opening deposit depending on whether it’s a savings or checking account. Members are expected to maintain some minimum balance in their accounts. Non compliance may lead to additional monthly service charges. 5. Compare Your OptionsBefore picking a credit union, do some research on the products, services and rates they offer. Look out for what suits your specific requirements. You might even have to overlook factors such as the location of branch and working hours. Nowadays a lot can be done on mobile devices. Always be aware of the protection you are being offered by a credit union and the limits on that protection if any.Greater Central Texas Federal Credit Union is a member owned cooperative that started in 1957. The loans offered by us are flexible and customized to suit the financial interests of our clients. For more information about our services, visit us at 3305 E. Elms Rd., Killeen, TX 76542 or call us at (254) 690-2274. Things To Consider While Applying For Car Loans? 25. January 2018 Administrator Car Loan (0) View Full Image Ways To Build Your Credit Score 19. January 2018 Administrator (0) View Full Image Benefits Of Availing Online Service Offered By A Credit Union 28. December 2017 Administrator Blog (0) Credit unions are a favorite amongst masses due to the services and convenience they offer to their members. Not only do they offer online tools and facilities which save a member’s precious time and money but they also provide some of the best secure online services free of cost. Examples of such online services are payment of bills, banking, offering e-statements, mobile banking and so on. Here we have listed certain benefits of availing online services of a credit union.Keeping Up With Your Accounts 24/7Availing the online banking services that credit unions offer makes it convenient and easy for members to access and manage their money at any hour of the day. There are no forms to fill, no queues, etc. Your money is just a tap away. You can also get details about previous transactions and current balance by click of mouse though online panel provided by credit union. Easy Transfers This is a person to person service which makes it easy to send and receive money securely. No need to write a check to send someone money. The Electronic Transfer service lets you carry out these transactions in less than a day’s time.Fast And Secure Monthly Statements Online services save on a lot of time by offering members the facility to access e-Statements. It becomes very easy to manage finances as per ones convenience. The e-Statements and forms are available on PC’s and smartphones. All you have to do to sign up for these statements is to log on to your credit union’s online banking account. Protection Of Personal And Financial InformationWith more people leaning towards transacting online, the security of one’s personal and financial information is crucial. When availing online services offered by credit unions, you are completely safe. Information of each and every member of the credit union is highly secured.Timely Payment Of BillsCredit unions offer online bill payment through which you can make quick and secure payments, anywhere and at any time. In a flick of a second, you can view your bill details, history, make payments etc. You would never forget to make important payments as Credit Unions offer you a convenient service through which you can pre-schedule them. We, at Greater Central Texas Federal Credit Union, offer various online services to our members in Killeen, TX. For more information call us at (254) 690 – 2274. Secured Loans v/s Unsecured Loans 20. December 2017 Administrator Blog (0) View Full Image Guide To Understanding Credit Unions 13. December 2017 Administrator (0) View Full Image << Older posts Newer posts >> Newer posts12...171819202122232425...4445Older posts
How A Credit Union Helps You Save Money 27. February 2018 Administrator Blog (0) Credit union is a non-profit organization which is owned & controlled by account holders. There’s always a common link between the members of a credit union. They could be working in the same company, going to the same church, living in the same community etc. Profit earned from the union is re-invested into the organization or used to fund its members. Borrowing from a credit union can help you save money in the following ways:• Lower CostsInstead of making profits, credit unions focus on providing better products to their members at low costs. So, they charge nominal fees for their services. The amount charged is just to cover their costs of operation. This is done to ensure that in the long term you end up saving more money by shelling out less in the form of interest rates and service charges.• Higher Interest Rates On SavingsCredit unions offer high interest rates on savings accounts. The amount of interest that adds up over time is directly a part of your savings. This will increase your savings substantially.• Lower Interest Rates On LoansWith a low rate of interest, borrowing from credit union becomes a great option for cutting down one’s expenses. It is easy to accommodate interest payments of such loans into one’s monthly budget. • Convenient Auto LoansGetting an auto loan via a credit union is a great way of reducing the payouts of monthly installments. They encourage members to make higher down payments which reflect in lower monthly expenses and interest rates. Members can also choose shorter tenure periods for the loans consequently saving on their interest costs.• Easy Approval Members of credit unions can easily get pre-approved for the loan. They generally approve the loan application within 24 - 48 hours of document verification. The whole process is quite flexible & hassle free. • Budgeting AssistanceThe welfare of its members is pivotal for any credit union. The loan officers at the credit unions work in tandem with their members and offer assistance in finding a loan that best works for them. Credit unions are a great option for loans as they follow an easy and stress free process. The staff assists the members in all aspects of loan application process. For more information, visit Greater Central Texas Federal Credit Union at 3305 E Elms Road, Killeen, TX 76542. You can call at (254) 690 – 2274 or log on to https://gctfcu.net/
Try A Credit Union For Cheaper Auto Loan 24. February 2018 Administrator Auto Loans (0) View Full Image
Step-By-Step Guide To Auto Loan Pre-Approval 21. February 2018 Administrator Auto Loans (0) View Full Image
Checklist Before You Visit A Credit Union 29. January 2018 Administrator Blog (0) Credit unions are highly preferred by many due to their lower cost of borrowing. They are owned by the members and adopt a personal approach towards their loans. They are non-profit cooperatives whose main goal is to provide the members with financial services.1. Fit Into The Criteria For MembershipThe first thing you will have to ensure is that you fulfill the requirements of becoming a credit union member. These requirements may vary amongst different credit unions. Find out what your local credit unions requirements are and get them fulfilled in order to become a member and avail low interest loans. 2. Demonstrate Credit WorthinessIt is imperative to work on your credit scores before visiting a credit union. You will be required to show a proof of good credit before being considered as a member. The low interest rates come at a price of a good credit record as credit unions have to be assured that the loan will be repaid.3. Prepare Your DocumentsYou are required to submit documents for opening an account with any credit union. You should seek a list of documents required and prepare all of them before visiting.However, following is a list of some basic documents that almost all credit unions ask for - Identity proofAddress proofDate of birth proof4. Make Arrangements To Fulfill Minimum Balance RequirementMost credit unions expect a modest opening deposit depending on whether it’s a savings or checking account. Members are expected to maintain some minimum balance in their accounts. Non compliance may lead to additional monthly service charges. 5. Compare Your OptionsBefore picking a credit union, do some research on the products, services and rates they offer. Look out for what suits your specific requirements. You might even have to overlook factors such as the location of branch and working hours. Nowadays a lot can be done on mobile devices. Always be aware of the protection you are being offered by a credit union and the limits on that protection if any.Greater Central Texas Federal Credit Union is a member owned cooperative that started in 1957. The loans offered by us are flexible and customized to suit the financial interests of our clients. For more information about our services, visit us at 3305 E. Elms Rd., Killeen, TX 76542 or call us at (254) 690-2274.
Things To Consider While Applying For Car Loans? 25. January 2018 Administrator Car Loan (0) View Full Image
Benefits Of Availing Online Service Offered By A Credit Union 28. December 2017 Administrator Blog (0) Credit unions are a favorite amongst masses due to the services and convenience they offer to their members. Not only do they offer online tools and facilities which save a member’s precious time and money but they also provide some of the best secure online services free of cost. Examples of such online services are payment of bills, banking, offering e-statements, mobile banking and so on. Here we have listed certain benefits of availing online services of a credit union.Keeping Up With Your Accounts 24/7Availing the online banking services that credit unions offer makes it convenient and easy for members to access and manage their money at any hour of the day. There are no forms to fill, no queues, etc. Your money is just a tap away. You can also get details about previous transactions and current balance by click of mouse though online panel provided by credit union. Easy Transfers This is a person to person service which makes it easy to send and receive money securely. No need to write a check to send someone money. The Electronic Transfer service lets you carry out these transactions in less than a day’s time.Fast And Secure Monthly Statements Online services save on a lot of time by offering members the facility to access e-Statements. It becomes very easy to manage finances as per ones convenience. The e-Statements and forms are available on PC’s and smartphones. All you have to do to sign up for these statements is to log on to your credit union’s online banking account. Protection Of Personal And Financial InformationWith more people leaning towards transacting online, the security of one’s personal and financial information is crucial. When availing online services offered by credit unions, you are completely safe. Information of each and every member of the credit union is highly secured.Timely Payment Of BillsCredit unions offer online bill payment through which you can make quick and secure payments, anywhere and at any time. In a flick of a second, you can view your bill details, history, make payments etc. You would never forget to make important payments as Credit Unions offer you a convenient service through which you can pre-schedule them. We, at Greater Central Texas Federal Credit Union, offer various online services to our members in Killeen, TX. For more information call us at (254) 690 – 2274.