GCS Credit Union

Learn Why Life Insurance Benefits Your Family By Checking Out These Great Resources

Life is full of the unexpected and that’s why GCS Credit Union wants to make sure that you and your family our always covered financially. For more information about the proper life insurance for your family, call our O’Fallon, IL office at (618) 219-8600. Here are some resources to help you learn about the benefits of life insurance:

• Determining when to buy life insurance can be difficult.  This useful guide from U.S. News and World Report can help.
• Are you confused about life insurance in general? Learn all you need to know by reading this comprehensive guide from The New York Times.
• The Globe and Mail offers useful tips on the amount of life insurance you’ll likely need.
• Auto liability insurance is required in Illinois. Learn the laws from the source by visiting CyberDriveIllinois.com.
• The Wall Street Journal provides advice on how much auto liability insurance coverage you need.

"Credits and Debits: Understanding Practical Money Management"

Check out this article about money management! This article not only speaks about how to manage your money, but it educates readers about debit cards, credit cards, tracking your spending, and the history of money.

A shout out to Aaliyah and Danielle, from North Central Plains Charter School in Texas! They've been using our blog as a resource for class. Danielle found this article about money management and was nice enough to share it with us. 

Congratulations on being featured in the Student's Showcase, keep up the great work Danielle!

Learn How You Can Benefit From Working With A Credit Union By Browsing Through These Resources

If you’ve overspent over the holidays, start the New Year off right with a new membership at GCS Credit Union. To learn more about the benefits our members enjoy, call our O’Fallon, IL office at (618) 219-8600. Here are a few more resources to help you learn about the credit union advantage:

• As debt builds up over time, your credit rating can suffer. Learn a few tips for quickly recovering your credit score from MSN Money.
• Get more tips for building a solid credit rating from Entrepreneur.com.
• Credit unions offer lower fees, more free checking, and higher yields on savings than banks. Find out more from Kiplinger.
• Time magazine offers useful strategies for paying off holiday debt.
• Do you want to know what you could be doing wrong in your debt reduction plan? AARP details the wrong ways to pay down debt. 

What Are Savings Bonds?

While you’ve likely heard about savings bonds before, it can be confusing to know just how these forms of investment work.

As this video explains, a U.S. savings bond is one of the oldest ways for Americans to save money. Credit union members can obtain a bond, which acts as a deposit with the U.S. Treasury and matures over time. As their value increases, bonds offer buyers a higher rate of reward on their initial investment.

While many investors are also turning to mutual funds and stocks, savings bonds continue to be one of the preferred ways for Americans to save and generate new wealth. Here at GCS Credit Union, we’re dedicated to helping each of our O’Fallon members save for his or her future. Call us at (618) 219-8600 to find out if savings bonds could be your key to a healthier financial life. 

Credit Union Services Available to Children

A trip to your local credit union doesn’t only offer financial benefits to the adults in your household. Thanks to GCS Credit Union’s fun and rewarding youth services, kids can also enjoy the unique money-saving opportunities that our financial institution has to offer. Here is a closer look at credit union services available to children:

Start Your Little Ones Off on the Right Foot with Cub Club

• Even if your little one is still in diapers, you can ensure that he or she has a promising future by opening a Cub Club account in his or her name with a simple five-dollar payment. As a member of the Cub Club, kids 10 and under will enjoy exclusive rewards like invitations to GCS Credit Union-sponsored events and a subscription to the Rockstar Saver newsletter.

Teach Kids the Principles of Saving with CU Savers

• With the cost of education becoming more expensive each year, there’s no better time to start saving than when your child is young. 11- to 13-year-olds can learn about the importance of saving for big investments like college with the CU Savers program. Members in this club are eligible to receive VIP invitations to special events and a newsletter that contains helpful information on saving money.

Make Investing More Rewarding with Get Mo’ Green

• As a parent, it can be tricky to find things that your increasingly independent teen might consider to be cool or interesting. Thanks to the Get Mo’ Green program at O’Fallon’s GCS Credit Union, saving and making money is just that: a surefire way to get your teen excited and motivated for his or her future.

No matter how old, or young, your children are, they can sign up for any one of the rewarding savings programs offered here at GCS Credit Union. A savings account will not only prepare them for the future, but also encourage them to be independent and responsible. Call us at (618) 219-8600 to learn more about our youth services.