GCS Credit Union
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.

Refinancing a Car Loan

Are you considering refinancing auto loans in O’Fallon? Watch this video to find out if refinancing your car loan may be in your best financial interest.

Refinancing auto loans is actually much simpler than it seems. First, go to your local credit union to inquire about rates for auto loans. In addition to online banking, your local credit union will almost surely have the best rate available. As long as you have a solid credit score, your credit union will offer competitive rates that can save you money and time.

For everything you need to know about auto loans and home mortgage loans, look no further than GCS Credit Union. Contact GCS Credit Union at (618) 797-7993. We take pride in offering the most competitive auto loans and home mortgage loans, and also offer traditional banking services both online and in person.

Understanding How Online Banking Works

Online banking in O’Fallon has quickly become the preferred method of banking for businesses and consumers alike. Whether you have a single checking account or want to schedule automatic payments for auto loans and home mortgage loans, online banking offers unparalleled efficiency. If you grew up visiting a bank to cash checks and transfer funds in person, online banking may seem overwhelming at first. Keep reading to better understand just how online banking works by offering extra features, additional savings, and more security.

Extra Features

One of the best things about online banking is that it offers features above and beyond what a credit union that is brick and mortar only can deliver. For example, a credit union that offers online banking often allows for direct deposit. That means your paycheck goes into your account with little to no waiting time before you can access your funds.

Additional Savings

Online banking offers consumers almost untold savings. How? Online banking eliminates charges for maintaining a checking account, ordering physical checks, and using an ATM at a bank or credit union other than your own. Conversely, online banking is accompanied with few fees, because less paper and fewer in person interactions translates into a lower cost of doing business for the credit union.

More Security

Online banking offers consumers more security because websites are now heavily encrypted and highly technical. For many people, the idea of managing their checking account and paying bills online was initially intimidating. However, a credit union now takes steps to ensure that all online banking transactions are completely secure and protected. Additionally, you can access your account information and review activity at any time.

GCS Credit Union is pleased to offer online banking to our clients. We have been offer banking services since 1941, and we are proud to provide the very latest technologies and personalized customer service. Call us at (618) 797-7993 to learn more about our consumer-oriented business model.

Credit Unions and the Rise of Auto Lending

Need a new set of wheels? Before you apply for in-house financing at the dealership, head for your local credit union. Dealership financing tends to involve unfavorable interest rates and restrictive terms for borrowers. You’ll find that the interest rates at your local credit union are far more advantageous for your wallet. In fact, during the past few years, credit unions have demonstrated remarkable growth in auto loans.

Improving Economic Conditions

According to Forbes magazine, there has been a 30 percent increase in auto lending among credit unions in the U.S. since 2012. During the third quarter of 2014 alone, auto loans from credit unions totaled nearly $225 billion-a figure that includes both new and used autos. This was a significant increase from the third quarter of 2013, which had $193 billion in auto loans. Economists note that improving economic conditions have contributed to the rise of auto lending from credit unions. The unemployment rate has been declining, wages have been increasing, and gas prices have been steadily dropping. All of these factors have given consumers greater confidence in the economy in general and their personal finances in particular.

Competitive Lending from Credit Unions

Since the recession, many consumers have made greater efforts to become better informed about their financial decisions. Increasingly, consumers have turned to credit unions for favorable lending arrangements. Credit unions have a reputation for offering interest rates that are consistently lower than auto loans from a bank or financing through a dealership. Additionally, some credit unions offer auto discounts to their members, such as a discount for purchasing environmentally friendly hybrid vehicles.

When it’s time to shop around for your new or gently used vehicle, stop by GCS Credit Union first and ask about our auto loans in O’Fallon. Our credit union is proud to serve the Metro East community with competitive rates, flexible terms, and exceptional member service. Call (618) 797-7993 or visit our website to view our convenient list of GCS Indirect Auto Dealers, car buying tips, and incredible auto discounts!

This Year's Top Mortgage Tips

Buying a home will likely be among your most significant financial investments, so it’s important to do plenty of research beforehand. Before you start browsing real estate listings, visit a credit union to discuss getting preapproved. Once your credit union preapproves you for a mortgage, you’ll know exactly how much home you can afford. While you’re at your credit union, take some time to investigate your home loan options. Consider whether a fixed-rate mortgage or adjustable-rate mortgage might be better suited to your needs. For example, if you intend on living in your home for a long time, a fixed-rate, 30-year loan might be better than an adjustable-rate mortgage.

Another important consideration is your savings account. Credit union representatives strongly advise against draining your savings account for your down payment and closing costs. It’s important to have at least three to six months of living expenses left in your savings account, just in case of unexpected emergencies.

When you’re ready to become a homeowner, GCS Credit Union is here to help. Call (618) 797-7993 and ask us about our competitive home mortgage loans in O’Fallon and our online checking accounts.

Tips for Making the Switch to a Credit Union

Members of your local credit union are already enjoying fee-free checking, convenient online banking, and competitive loan rates. There’s no reason to wait to become a member; your local credit union will help you make the switch. As a member of a credit union, you’ll receive the personalized service you’d expect from a small town branch paired with the financial resources of a major financial institution.

Check Your Membership Eligibility

Credit unions require potential members to apply for membership. However, becoming a member is easy. Usually, the main eligibility requirements are that you either live or work within a certain geographical area, such as a town or county. Other credit unions are offered to employees of specific companies. If you have problems with the membership application, a credit union representative will be glad to offer assistance.

Evaluate Your Account Options

Consider all of your options before choosing the right online checking account for your needs. Many people make the switch to credit unions because they’re fed up with monthly account maintenance fees, ATM fees, and other fees. At a credit union, fee-free checking isn’t your only option. You might also find a checking account that pays you dividends each month and refunds on ATM fees. Your credit union also likely offers savings accounts, youth savings accounts, money market accounts, and share certificates.

Identify Convenience Services

When you switch to a credit union, you can take advantage of numerous convenience services. Look for tools like eStatements, mobile banking apps, online bill pay, and surcharge-free ATMs across the country. Credit unions strive to make banking a positive experience for their members.

With online checking accounts, competitive auto loans and home mortgage loans, online bill pay, and so much more, GCS Credit Union is the financial institution of choice for the Metro East community. When you’re ready to join a credit union in O’Fallon, give us a call at (618) 797-7993 or stop by one of our convenient branches. We invite our neighbors to take advantage of our fee-free checking and cash-back incentives!

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  • 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