Tired of Being a Customer? Here’s How to Become a Member Today!
Nearly everyone has at least one savings or checking account these days, most of which are held and operated by a national bank-chain. Unfortunately, banks are not member-focused financial institutions, meaning they are more concerned with boosting their bottom line and pleasing investors than protecting the finances of their customers. Continue reading to learn how you can stop being just a customer and become an influential member by joining a credit union .
Credit Unions vs. Banks
- Unlike a bank, which is owned by stockholders, credit unions are cooperative institutions that are owned and operated by its members. This means that members have a certain level of input when it comes to the requirements that potential members must meet in order to join. For example, credit unions designed for teachers may decide to only accept teachers from a specific school district, while a corporate credit union may only accept employees and their immediate family members. Credit unions also tend to have much lower rates on lines of credit and fewer penalty fees.
Application to a Credit Union
- GCS Credit Union in O’Fallon, Illinois offers loans and basic savings products to anyone who lives, works, or attends school in Illinois counties of: St. Clair, Jersey, Madison, Macoupin, Montgomery, Bond, Washington, Clinton, Monroe, and Randolph. With over 70 years of experience, GCS Credit Union is devoted to putting our members first by providing convenient, customized financial service.
- You can join GCS Credit Union by filling out an application online. After providing information regarding your enrollment eligibility and completing a new member disclosure form, you will be required to include joint information, select a product, and sign a fee schedule disclosure form. You will also need to complete sections regarding funding and transfers, backup withholdings, and review the application before signing a final disclosure form.
For more information on joining GCS Credit Union , visit our website or call (618) 797-7993. We offer auto loans, auto financing, checking accounts, and debit cards.