GCS Credit Union
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.

Teens: Landing, Surviving, and Profiting from Your First Job

A first job is a rite of passage for teens. Not only does having a job mean spending money, but it also gives teens a chance to learn about responsibility, work ethic, and financial management. Whether you’re a teen getting ready to start your first job or a parent who wants to give their working teen some solid advice, here is what you need to know to make this experience a success.

Landing the Job

Before you start working, you’ve got to make it through the interview process. No matter what the style of the workplace is, you should show up to your interview dressed professionally. Being on time for your interview is critical—show up a little early so you don’t run the risk of being late. Do some research about the company before you go, and be ready to answer questions about your schedule, school, goals, and why you think you would be a good fit for the position.

Surviving the Job

If you feel overwhelmed when you start working, don’t worry—that happens to everyone. The most important thing you can do is stick to your schedule closely and always be on time for your shifts. When you’re working, stay off your phone, and pay attention to the task at hand. Stay positive and polite with your boss, co-workers, and the public.

Profiting from the Job

One of the biggest lessons you’ll take away from your first job is managing your paychecks. Start by opening a checking account and savings account. GCS Credit Union offers the Student Success Account Package, which gives you the tools you need to track your spending, save money, and get used to using a debit card responsibly. Decide to save a little money from each paycheck, so you don’t leave the job without anything to show for it.

GCS Credit Union can walk you through the process of getting your first credit union accounts, so you’re ready when the pay starts coming in from your first job. For more information about opening an account at our credit union in O’Fallon, call (618) 797-7993.

Automate Your Savings with Kasasa Cash

Are you ready to make saving easier than ever? If so, then you need to take advantage of Kasasa Saver along with your free Kasasa Cash checking account. With Kasasa Saver, the rewards you earn with the Kasasa Cash account will be transferred to your savings automatically. You get a 0.50% APY monthly on your savings when you meet your rewards requirements, so you can watch your savings grow quickly.

With a linked Kasasa Cash checking account, all you have to do is make at least 12 posted and settled debit card purchases each month, be enrolled and receive an eStatement notice, and be enrolled and log into your online banking account. If you do these things, you’ll earn rewards that will automatically transfer to your Kasasa Savings account.

At GCS Credit Union, we’re committed helping you reach your financial goals by providing a range of financial products to get you there, from checking accounts and auto loans to Visa Rewards cards and home mortgage loans in O’Fallon. To learn more about our credit union, please call (618) 797-7993.

Is Mobile Banking Safe?

Information security is a major concern these days, and unfortunately, it’s making some credit union members hesitate to take advantage of mobile banking. It’s always important to be aware of where your personal information is going, but, as you’ll learn when you watch this featured video, mobile banking is quite safe.

When you use the mobile banking app from your credit union, it essentially serves as a secure tunnel to the institution. Since proprietary banking apps do not use Web browsers, they don’t fall prey to phishing scams. They also work with the financial institution’s personal security algorithms. Just remember to log out of the app when you’re done with your transaction.

To learn more about mobile and online banking in O’Fallon, talk to a member representative at GCS Credit Union. Call us at (618) 797-7993.

IRA FAQs and Answers for Young Adults

As a young adult, you’re probably juggling a lot. In the midst of moving into your own apartment, saving up for a house, dealing with car repairs, and paying off student debt, it can seem like retirement isn’t much of a priority. But the simple truth is that time will always pass more quickly than you think it will, especially as you grow older. The sooner you start saving up for retirement, the more comfortable and secure you’ll be later on. You have many retirement savings options, including IRAs. Talk to a credit union member representative about your plans.

What is an IRA?

This acronym stands for Individual Retirement Account. In other words, it’s a savings account that is intended specifically for retirement savings. IRAs are opened through financial institutions. You’ll transfer money to your IRA during the coming decades, and these funds will be used to invest in stocks, bonds, and mutual funds.

Why should I open an IRA? Can’t I just invest the money directly?

Yes, you certainly can add stocks, bonds, and mutual funds to your portfolio without opening up an IRA. However, IRAs have their own special benefits. Up to the limits established by the Internal Revenue Service (IRS), your contributions to your IRA are tax deductible. This means your quarterly or annual tax liability is reduced. The funds in your IRA are also tax-deferred. This means you won’t owe taxes on the gains until you withdraw the money.

What’s the difference between Roth IRAs and traditional IRAs?

These are the two main types of IRAs. They differ primarily in tax breaks. With a traditional IRA, the money you contribute for any given year is tax deductible for that year. With a Roth IRA, you pay income taxes on the money now, before it’s transferred to the account. This means your contributions aren’t tax deductible, but you won’t pay any taxes on the money you withdraw during your retirement.

At GCS Credit Union, we do much more than just online checking accounts and auto loans. We also offer personalized financial guidance for our members, including retirement planning. Call (618) 797-7993 to join our credit union near O’Fallon, and ask us about our traditional and Roth IRA plans.

Meet MARTI: Our Automated Teller

Here at GCS Credit Union, we’re always on the lookout for tools and resources that better serve our valued members. It’s our mission to make your financial management tasks as easy and quick as possible, so you can get back to doing what matters most to you. Call our credit union or visit a branch to ask a member service representative for your unique, four-digit PIN. You’ll be registered to use MARTI, our automated teller.

With MARTI, you can conduct many common transactions from wherever you are, without having to drive to a branch. Using MARTI is simple. Just call the appropriate number, enter your member account number, and then enter your four-digit PIN. The voice prompts will walk you through the process of completing your transaction or inquiry.

If you have any questions or concerns about using our automated teller, a member service representative at GCS Credit Union is always happy to assist you. Call a credit union branch in O’Fallon at (618) 797-7993, or browse our website for information on how to become a member.

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