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.

Does Your Bank Love You?

There is a difference between investing your money at a bank and investing with a credit union. Credit unions are non-profit businesses that are member-owned and controlled. Members who deposit money in the union are joint owners in the company. Credit unions return their profit to members in the form of lower interest rates, higher savings rates, and free services.

This video offers a clever look at the differences between what banks and credit unions do for their customers. You’ll soon understand why people are choosing to invest in their local credit unions rather than corporate banks that only look out for their stockholders.

At GCS Federal Credit Union in O’Fallon, Illinois, we have been serving our members since 1941. Call us today at (618) 797-7993 to learn more about what joining a credit union can do for you. 

Streamline Your Finances—Automatically

Banking services

Putting your money on auto-pilot saves time, money, and the environment. Step one is to find out if your employer offers direct deposit; most do. Signing up is usually as simple as taking a voided check to your human resources department. You’ll see your first paycheck appear automatically in your GCS account within a few weeks.

Step two is to set up electronic payments. There are a few ways to do this, and you can use them all:

* Authorize a biller to take money directly from your checking account. These ACH payments can take a bit of effort to stop, so use them for regular, uniform payments that will continue for a long time—mortgage payments are a no-brainer.

* Pay bills online using a credit card. Paying with your credit card is ideal for bills that only pop up twice a year—like car insurance. It’s also a good option for bills that change in amount, such as your cellphone bill. Be sure to pay off the card balance each month to minimize interest charges.

* Use your credit union’s online bill pay service to pay bills by electronic transfer to a vendor or service provider. Or, if the merchant isn’t set up to accept these, the credit union will issue a paper check debiting your account. You can set up payments 24/7, adjust payment dates to jibe with your paydays, and make optional extra payments when you can—say to your credit card.

With these three automated options, you can pay every bill you have.

Don’t overlook automating routine savings, too. Set up automated transfers from checking to your credit union savings account, and you’ll always be financially ready for an unexpected car repair and for infrequent but larger bills like insurance premiums.

Once you’ve automated your finances, use our website to track your accounts and transfer money between them. Check accounts frequently to make sure your automated system is working smoothly, and to monitor for attempted fraud or ID theft.

If you need help automating your finances, a GCS Federal Credit Union member service rep can help. Call or stop in today for assistance.

Copyright 2012 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.

GCS Joins Tour de Cure

The employees of GCS Federal Credit Union are currently raising funds to support the American Diabetes Association and participate in their upcoming event, Tour de Cure.

Throughout the year employees of GCS are given the opportunity to wear jeans on Fridays and Saturdays for $20. The funds collected go to a specified charity. Members can also donate $1 at any branch and write their name on a Tour de Cure cutout to post in all branch lobbies.

Team GCS will be returning to participate in the 2012 Tour de Cure bike ride on Saturday, June 2, 2012. Last year, GCS raised over $7,000 and was named #1 Rookie Team.

If you’re interested in joining Team GCS, you can do so by signing up online at tour.diabetes.org. Simply select “Join a Team” and search “Team GCS Federal Credit Union.”

GCS supports numerous charitable organizations each year, including the March of Dimes, the American Cancer Society, and the YMCA.

Founded in 1941, GCS Federal Credit Union currently has assets of more than $305 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.

GCS FCU logo

Click Ahead To Find Out More About Controlling Your Financial Future With GCS Federal Credit Union

Hand is inserting a coin into piggy bank

Planning your finances and preparing for the future can be a challenge. At GCS Federal Credit Union, we give personal care to each of our members so you can start putting your plans into action. Call (618) 797-7993 and explore these related resources to learn more about the advantages of banking at GCS.

  • This article from MSN Money gives nine quick tips for improving your credit score.
        
  • This webpage from the Federal Reserve offers advice on understanding and raising your credit score.
        
  • SmartMoney.com offers tips for getting a preapproved mortgage loan.
         
  • The U.S. News and World Report offers advice on financing a car and getting an auto loan.
         
  • For a thorough look at the advantages online banking has to offer, read this article from Simply Finance.

Steps to Take Before Applying for a Loan

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Once you’ve made the decision to invest in a house or car, it’s important to prepare before loan application. At GCS Federal Credit Union in O’Fallon, Illinois, we offer personal, home, and auto loans and expert advice for our members. Before your loan application process begins, here are a few things to do to ensure you get the best rates available:

  1. Know Your Credit Score: Request your credit report and check for any errors; it’s important to resolve any discrepancies before applying for a loan in order to get the most favorable terms. If you know your credit score, you can estimate the amount of your loan. Making sure you get the loan amount you need with the lowest interest rates is important.
          
  2. Settle Debts: Settling your debts shows your lender that you are prepared to take on new debt. Loan agents will give you better rates if you have proven yourself to be a responsible borrower.
         
  3. Analyze Your Finances: Before you decide to get a loan, make sure you can responsibly take on debt. At GCS Federal Credit Union in O’Fallon, we are happy to offer you advice and guidance when making this decision.
         
  4. Make a Budget: When you apply for a loan, you need to have a plan to pay it back. This will keep you out of financial trouble in the future. Set up a plan for when and how you will pay back your loan with specific dates and goals.
        
  5. Gather Necessary Information: During the loan application process, you will need to supply a lot of personal information. Gathering this information before you apply can save you time. You will need to provide your residential and employment history, tax information, and statements from checking, savings, and investment bank accounts.

If you’re ready to invest in your future through an auto loan or home mortgage, it’s important to be prepared. At GCS Federal Credit Union, we offer great rates and expert advice on loans in the O’Fallon, Illinois area. Call us today at (618) 797-7993 for more information.

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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