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.

All Branches Closed on Monday, January 16th in Observance of Martin Luther King Jr. Day

All GCS branches will be CLOSED Monday, January 16 in observance of Martin Luther King, Jr. Day.

Tips for Teens: Managing Your First Checking Account

Female withdrawing cash

Becoming a teen is a time full of exciting events, including starting high school, driving, earning an extended curfew, and opening your first checking account. But with these new freedoms comes new responsibilities; keep reading to learn about how to effectively manage a checking account.

  • Write Out Your Expenditures

Your parents probably bank online, but while you’re learning, it’s best to keep a written record of your spending. When you apply for your first checking account, you’ll be given a handheld ledger where you can keep track of what you spend and your balance. Get in the habit of writing down what you spend within a few hours and calculating your new balance. This will keep you from overdrawing your new checking account, saving you money in overdraft fees.

  • Check Your Account Every Day

Get in the habit of checking your account before you leave the house each day. You want to begin each day with a clear understanding of the amount of money you have so you don’t overspend.

  • Create a Budget

There is a certain amount of financial freedom that comes with opening your first checking account. If you can’t afford to go to the movies, you’ll only have yourself and all the soda you purchased last week to blame. Consider setting a budget or weekly limit on what you can spend. This way, you can save up for that new video game you want or that new pair of shoes your parents refuse to buy.

  • Consider Opening a Savings Account

If you want to save up for your senior trip, first car, or college tuition, you’ll need to have money saved. Open a savings account and get in the habit of saving 10 percent of the money you earn from your job or allowance.

If your teen is ready for his or her first checking and saving accounts, visit GCS Federal Credit Union today. We enjoy working with families and helping young people learn how to be responsible with their finances. To learn more about our service, call us at (618) 797-7993.

 

Manage Your Money with this Great App!

Texting on the Metro - Milan

Do you have less money this year than last year? Do you need help managing your funds so you can save for a large purchase? If so, consider downloading the MoneyWise app, created for Android.

This app helps you stay on top of everyday expenses and manage your overall finances, so you can save up for a rainy day or finally afford your dream home. This user-friendly app lets you manage multiple accounts, track expenses and incoming funds, and chart financial growth over time.

If you prefer a more hands-on approach to personal finance, visit GCS Federal Credit Union. We offer financial services for the whole family, including checking and savings accounts, home loans, and other personal financing services. To learn more about the banking services we offer, call us at (618) 797-7993.

 

Check Out These Great Tips on Managing Your Money and Getting a Home Loan!

Couple doing paperwork with a laptop

Managing money is difficult for many people, but budgeting, spending, and saving can be simple if you follow some basic financial advice. Explore the following resources on creating a budget, managing money, qualifying for home loans, and more.

  • Check out this article to learn how to buy a car the smart, money-conscious way.
       
  • If you want to buy a car fast, check out this article from SmartMoney.com. You’ll read about which cars the experts say are worth your money.
       
  • Before beginning the search for your first home, check out Realtor.com and review the buyer basics.
       
  • Buying a home is a big investment, so use these seven tips to avoid making common home-buying mistakes.
       
  • If you need to set a budget, check out this helpful article from Money.CNN.Com. You’ll learn how to identify unnecessary expenditures, stop spending beyond your means, and watch out for cash leakage.

If you need a loan, personal financing support, a new savings account, or better banking services, join the community that chooses GCS Federal Credit Union. Call us at (618) 797-7993 today.

 

Check Out These Great Home Buying Tips!

Buying a new home is an exciting venture, but it can be challenging for first-time homebuyers to navigate the home-buying process.

If you’re in the market for your first home, take a look at this video. You’ll hear great tips that will ensure you make a solid investment. For example, you’ll hear advice about how much to spend when buying a home, what other fees you’ll need to figure into your budget, how much you should be prepared to put down,  and where to shop for a new home in your area.

When you’re ready to begin shopping for your first home, come to GCS Federal Credit Union. You’ll receive superior loan, prequalifying, and financial support services that can make home buying go smoothly. To get preapproved for a home loan today, call us 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