GCS Credit Union
618.797.7993
GCS is a full service financial institution serving the following counties in Illinois: Madison, St. Clair, Jersey, Macoupin, Montgomery, Bond, Clinton, Washington, Randolph, and Monroe.

Getting Approved for Your Home Mortgage Loan

Getting Approved for Your Home Mortgage LoanWhether you are a first-time home buyer or are seeking to expand with a new living space, buying a home is a major endeavor. Home mortgage loans in O’Fallon are designed to provide you with the financial assistance you need to transform your home buying dreams into a reality. By working with your credit union to set up a home mortgage loan, you will be well on your way to purchasing a new house. Read on for some handy tips for getting approved for your home mortgage loan.

Review Your Credit Score
One of the most important factors to consider when you are applying for a home mortgage loan is your credit score. If you have a credit score of 680 or higher, you will be a good candidate for approval. In the event that your credit score is lower than you would like, you can talk to your financial advisor about steps that you can take to boost your credit.

Save Up for a Down Payment
Along with taking out a home mortgage loan, you will also be responsible for making a down payment towards your property. To help you get approved for your loan, it is a good idea to save up enough cash to make a 20 percent down payment.

Pay Down Your Debt
When you are applying for a home mortgage loan, it is a good idea to pay down other forms of debt as much as you possibly can. For example, you may want to make payments towards your credit card bills. By paying down your debt, you will be more appealing to your home mortgage lender.

At GCS Credit Union, our financial specialists can help you get approved for your next home mortgage loan. When you choose to bank with our credit union, you will also benefit from other great services, such as a Visa rewards checking card. For more information about how we can help you with your home loan today, give us a call at (618) 797-7993.

The Advantages of Online Bill Payment

Online BankingWhen you get a checking account in O’Fallon, you may want to ask your credit union about your online bill pay option. By linking your online checking account to a bill payment program, you can ensure that your bills are paid on time, every month, this is just one of many advantages to online bill payment. With this type of service, you will have the peace of mind that comes from knowing that your bill payments are automatically covered. In addition, you can also save on the cost of penalties and charges that may occur if you forget a monthly payment.

To find out more about setting up online bill pay, be sure to contact GCS Credit Union in O’Fallon. Our banking specialists will be thrilled to help you create a banking solution that is tailored to your needs. Call us at (618) 797-7993 to set up a new checking account today.

Common Checking Account Mistakes to Avoid

Checking Account Mistakes to Avoid

A checking account offers convenient access to the funds that you will use on a day to day basis. By working with your credit union to get a checking account in O’Fallon, you will be able to easily manage your finances. Today’s banks also offer updated services, such as online checking accounts that can be accessed at any time of the day or night. Whether you are considering opening your first checking account or are an experienced banker, here are some common checking account mistakes that should be avoided.

Forgetting to Stop Automatic Payments
When you set up online checking, you can arrange for some or all of your bills to be automatically deducted from your account. When you switch accounts, it is important to make sure that you cancel these automatic payments. If you neglect to stop the payments, you could run the risk of overdrafting your previous checking account.

Writing a Check for More Than Your Account Balance
While writing paper checks may seem like a notion of the past, there may be certain situations in which you must write a check to make a payment. When you write a paper check, it is highly important to make sure that you have sufficient funds in your checking account.

Cashing a Post Dated Check Too Early
When you write a paper check, you have the option of post-dating the check. This means that the check will be written out for a date that is later than the day that it has been issued. When writing or receiving a check, be sure to check the date before you make your deposit.

For assistance with all of your checking account needs, be sure to visit GCS Credit Union. We proudly provide our customers throughout the O’Fallon area with a full range of highly rated banking services. Give our O’Fallon branch a call at (618) 797-7993 to learn more about how you can set up a checking account at our institution.

Tips for Managing Your Bank Account

When you join a credit union in O’Fallon, you will be ready to open your first checking account. To get the most out of your first baking experience, there are several steps that you can take to manage your bank account. For example, if you will be using your bank account to pay bills, you may want to open a checking account. Online checking accounts offer easy and convenience access to your funds. To read more tips for managing your bank account, be sure to check out this video from Howcast.

To open a checking account in O’Fallon, be sure to pay a visit to GCS Credit Union. We are pleased to offer a variety of financial services, and we can help you set up online bill pay with your account. Call us at (618) 797-7993 to learn more about setting up a bank account today.

Answers to Your Questions About Credit Unions

If you are seeking a smart banking solution for your finances, you may want to join a credit union in O’Fallon. Credit unions provide their members with a range of great services and amenities, including online bill pay, home mortgage loans, and more. When you choose to bank at a credit union, you will also receive personalized customer service. To help you decide whether you should open your new checking account with your local credit union, here are answers to common questions about these institutions.

Questions about credit unions in O'FallonHow Are Credit Unions Different Than Banks?
When you are considering joining a credit union, you may wonder how these financial institutions are different from traditional banks. Unlike a bank, which are for-profit businesses, credit unions are cooperatively owned by their members. By offering cooperative ownership, credit unions are dedicated to providing their members with great rates and services.

Are There Requirements to Join a Credit Union?
Each credit union has its own specific requirements for becoming a member. For example, some credit unions are designed specifically for government workers or employees of a certain business. However, many other credit unions are open to everyone in the general public.

What Kinds of Services Are Offered By a Credit Union?
When you join a credit union, you can expect your financial institution to provide you with all of the different types of services that are also provided by a traditional bank. Your credit union will be able to help you take out a home or auto loan, and can also provide you with convenient online banking services.

If you are considering opening a new checking account in O’Fallon, be sure to visit GCS Credit Union. Our highly acclaimed financial institution can provide you with a full range of banking services, and we offer several convenient locations across the state of Illinois. To learn more about the advantages of banking with our credit union, give us a call at (618) 797-7993.

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Hours

  • Monday 8:30am — 5:00pm
  • Tuesday 8:30am — 5:00pm
  • Wednesday 10:00am — 5:00pm
  • Thursday 8:30am — 5:00pm
  • Friday 8:30am — 6:00pm
  • Saturday 8:30am — 12:00pm