GCS Credit Union
618.797.7993
GCS is a full-service financial institution serving the following counties in Illinois: Sangamon, Logan, Macon, Marion, Jefferson, Perry, Jackson, Williamson, Jersey, Macoupin, Montgomery, Madison, Bond, Clinton, St. Clair, Monroe, Washington and Randolph.

Creating a Budget for Any Household

Household Budget

Did you know that tightening your budget could help you become a homeowner earlier than you might imagine? You could also use the extra money you save to buy a new car, pay for your education, or take a much-needed vacation. If this sounds appealing to you, use the following tips to create a budget.

  • Evaluate Your Current Spending

Collect statements for your credit card, savings account, and checking account to examine your current spending habits. Then, make a list of necessary spending and frivolous spending. For example, utility bills and mortgage payments are obviously necessities, while eating at a nice restaurant and movie rentals are luxuries. Be sure to be as specific as possible when making your list so you know what needs to be cut out.

  • Eliminate Unnecessary Spending

Look for ways to create more accessible money in your budget. If you buy coffee before work instead of making it at home, then you’re spending roughly $3 more than is necessary, which adds up to between $15 and $21 a week. Expenditures on cable, coffee, manicures, alcohol, movies, and fast food are not necessities, so cut them out.

  • Build In Incentives

Budgeting properly requires sacrifices in spending, so build incentives into your new budget that make budgeting fun. Consider rewarding yourself with an inexpensive expenditure once a week.

  • Save 10 Percent

The general rule of thumb is to save 10 percent of your paycheck. For some, this is difficult and for others this is too easy. Therefore, determine what you can afford to save after eliminating unnecessary spending, but remember to be realistic. When the season changes, your electricity bill could spike, so allow for some wiggle room in your budget.

If you need more help getting your spending on track, consult a member service representative at GCS Federal Credit Union. We can help you consolidate your debt, create a more realistic budget, and start saving more of what you earn. To enlist our help today, call (618) 797-7993.

GCS is Celebrating 70 Years in Business!

Help us celebrate being 70!

Happy Holidays from GCS!

Wishing you and your loved ones a happy holiday season from your friends at GCS Federal Credit Union!

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GCS Donates to Local Charities!

GCS Federal Credit Union employees have recently donated over $1,100 to local charities.

During the month of November, employees were able to wear jeans on Fridays and Saturdays for a donation of $20. Each branch received a portion of the total amount collected and was able to select a charity to support in December. Organizations chosen included the Granite City Good Samaritan House, Madison County Children’s Christmas Party, Catholic Charities, Glen Ed Food Pantry, Toys for Tots and H.I.S.K.I.D.S.

GCS continues to serve the community through volunteered time, service and monetary donations. For more information about GCS, visit myGCScu.com.

Founded in 1941, GCS Federal Credit Union currently has assets of more than $293 million. GCS serves more than 38,000 members throughout Madison and most of St. Clair Counties in Illinois via 7 conveniently located branches, numerous ATM locations, and 24-hour account access through a telephone audio response system and PCU online banking.

Jeans Day

GCS Was Recently Awarded First Place in the State Dora Maxwell Social Responsibility Award Competition!

GCS FCU logo

GCS Federal Credit Union was recently awarded first place in the state Dora Maxwell Social Responsibility Award competition in the $200-$500 million asset category.

The Dora Maxwell Social Responsibility Award is presented to the credit union that does the most in the way of charitable contributions and community related activities.

The winning entry focused on the contribution of funds and/or physical goods to local charities throughout the year by GCS employees. Through this project, more than $53,000 has been donated to charities in the communities GCS serves.

GCS has graciously accepted the Dora Maxwell Award and continues to strive to serve the community.

Founded in 1941, GCS Federal Credit Union currently has assets of more than $293 million. GCS serves more than 38,000 members throughout Madison and most of St. Clair Counties in Illinois via 7 conveniently located branches, numerous ATM locations, and 24-hour account access through a telephone audio response system and PCU online banking.

 

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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