• Loans Offered By GCS Credit Union

    GCS Credit Union was founded in 1941 in order to provide loans and basic savings products to individuals living, working, or attending school in a number of Illinois counties—including Madison, Monroe, St. Clair, Jersey, Montgomery, Clinton, and more. While our credit union is big enough to offer our members efficient and convenient services, we are also small enough to provide our members with the customized financial tools to meet their individual needs. Keep reading for more information on our various loan products.

    Home finance

    Mortgages
    Whether you are ready to purchase your first home or want to renovate your current residence, GCS Credit Union is your O’Fallon resource for home loan products. We offer mortgages at competitive interest rates for home buyers—as well as home equity lines of credit for current homeowners interested in remodeling their homes, using their equity funds to invest in their children’s education, or consolidating their debt.

    Auto Loans
    GCS also offers competitive rates for auto financing. Our auto loans are designed to ensure you get the rate you need with a monthly payment that fits your budget, so that you can get into the new or used car of your dreams.

    Personal Loans
    When you need money for unexpected bills, want to take a vacation, or simply want to work on your credit score, a  personal loan  may be the solution. GCS Credit Union offers personal loans ranging from 500 to 15,000 dollars, including open-end loans, closed-end loans, consolidation loans, and Christmas or vacation loans.

    No matter what type of loan you need, our O’Fallon,  Illinois credit union  is here to answer all of your questions. Give our credit union a call at (618) 797-7993 to learn more about our loans, checking accounts, and debit cards. You can also complete our easy application process by visiting our website. 

  • Get Member Discounts with Shop America!

    If you do a lot of online shopping, and you currently have a GCS Credit Union rewards card, we’ve got a great new deal for you! This video takes a quick look at the GCS member discounts now available through Shop America. Not only does the GCS rewards credit card allow you to earn rewards with every purchase, but it even lets you shop online with Shop America so that you get cash back. Check out the rest of the clip to learn more.

    Want to make money just for shopping online? Get the facts about our member discounts by visiting our  O’Fallon, Illinois credit union  online or by calling us at (618) 797-7993. 

  • Factors to Consider Before Obtaining a Mortgage

    Many individuals consider purchasing a home to be one of the biggest and most important investments they make over the course of their lifetime—but if you’re like the rest of us, chances are you’ll need to obtain a home loan in order to purchase the house of your dreams.  Make sure you know which factors to take into consideration before applying for a mortgage with your O’Fallon credit union by reading over this article.

    Calculation

    Credit Rating
    Your credit rating has a direct impact on the monthly payment and interest rates for any prospective loan product, including mortgages. This means that you’ll want to take some time to clean up your credit score if necessary before applying with your credit union. You can start by requesting a copy from all three major credit bureaus so that you can assess the information for errors, and pay off some of your higher debts.

    Loan Options
    Once you’ve gone over your credit score, it’s time to shop around and research your options. The GCS Credit Union in Illinois makes it easy for you to search for the best mortgage rates online, and even emails you regarding any rate changes when you sign up for our Rate Watch program.

    Pre-Approval
    One of the most important things to consider when it comes to a mortgage is the pre-approval process. Getting pre-approved for a loan is a great way to obtain better interest rates, make yourself a more attractive candidate to sellers, and even expedite the mortgage application process once you have found the right home.

    For more information on current mortgage rates, monthly payment amounts, or to apply for a mortgage, contact the  GCS Credit Union  in O’Fallon today at (618) 797-7993. Our credit union also offers auto financing products, debit cards, checking accounts, and more! Contact us today via phone or through our website to get started! 

  • Back to School with Dell

    lovemycrediunion

    Credit union members are eligible to receive a $200 Dell promo eGift card when purchasing a new Dell system for back to school.  Now is a great time to buy a new tablet, laptop, or PC and get your student the latest technology from Dell.

    Credit union members will receive the Dell $200 promo eGift card when purchasing a qualifying PC or tablet priced at $699.99* or higher through the Invest in America program. 

    Members can use their eGift card toward the purchase of an Xbox 360, tablet, TV, PC or other Dell electronics and accessories. 

    Visit the Dell page on the LoveMyCreditUnion.org website for complete details of this offer and other great credit union member discounts from Dell.

    Save Even More with the Dell Advantage Loyalty Program
    Credit union members can also join the Dell Advantage Loyalty Program for free. Members can earn rewards and get free 2nd business day shipping on all purchases. Dell Advantage members get these savings:

    • 5% back on a Dell Promo eGift card for each qualifying purchase using the Advantage Membership
    • Free 2nd day business shipping on all purchases
    • Exclusive monthly emails featuring special offers on PCs, electronics and accessories
    • Exclusive offers from Dell partners such as Blockbuster and Rhapsody

    Click here for complete details on the Dell Advantage Loyalty Program. 

    delloffer

  • Reasons to Choose Direct Deposit

    When you start a new job, your employer will give you the option of receiving a life payroll check or having your money directly deposited into a checking or savings account . While some individuals like the feeling of a real check, direct deposit offers a number of benefits.

    Personal checks and other live checks take time to clear, which means that you will not have immediate access to your money when you deposit the check at the ATM or credit union. Direct deposit, on the other hand, posts to your account immediately and even gives you the opportunity to schedule automatic bill payments. Another reason to choose direct deposit is that it eliminates your risk of losing the check or having it stolen before it reaches your account.

    Direct Deposit Summary

    Direct deposit  is available to all GCS Credit Union customers who have a checking account. To set up this service or to learn more about our member services, contact us through our website or call our O’Fallon, Illinois credit union today at (618) 797-7993. 

  • Qualities to Look for When Choosing a Credit Union

    By now you probably know that working with a credit union offers a number of benefits over a traditional bank—but with so many credit unions to choose from, finding the right one for your needs is not always an easy task. Make sure you know what to look for in a credit union by reading over the topics discussed in this article.

    GCS FCU logo

    Variety of Services
    It is important that the credit union you choose offers a wide variety of financial services to fit all of your needs. For this reason, you’ll want to research what services the credit union offers ahead of time, such as checking and savings accounts, IRAs, debit cards, auto loans, home loans, and personal loans.

    Competitive Rates and Terms
    Once you know which services are offered by the credit union, you will want to look into their rates and terms. Generally speaking, credit unions tend to offer  loan rates and terms  that are just as competitive as those offered by banks. However, some credit unions offer even better deals to their members that are not available to the typical consumer.

    Member Benefits
    One of the biggest perks of being a part of a credit union is that you are a member, not a customer. This means that you are privy to a number of benefits, but these benefits may vary from credit union to credit union. For this reason, you will want to check into which benefits you can receive once you become a member—such as special discounts, investment opportunities, and even deals for local attractions and companies within the community.

    The GCS Credit Union in Illinois has been serving our members for the past 72 years. Learn what sets us apart from other  credit unions  by exploring our website or calling (618) 797-7993. We are your resource for checking accounts, savings accounts, IRAs, debit cards, and auto financing in the O’Fallon area. 

  • GCS Celebrates Youth Week

    You may have heard the phrase before, but children really are our future. That’s why GCS Credit Union offers a number of services to children both during Youth Week and throughout the rest of the year.

    In this video, we explore GCS Credit Union’s Youth Week. GCS features a number of services tailored to children , including the Cub Club, Cu Savers, and the Get Mo’Green program. Youth Week helps educate your children on their options and help them develop the skills needed to establish a solid financial future. Check out the full video to learn more.

     

    Are you looking for more information on the  children’s services  offered by GCS Credit Union? Give us a call at (618) 797-7993 or visit us online to learn all about our O’Fallon checking accounts, debit cards, and auto financing options.

  • Tips for Teaching Your Children About Finances

    Parents take a number of steps to protect the safety of their children, such as installing child-proof locks, giving them vitamins and nutritious foods, and taking them to the doctor for immunizations and checkups. But many parents tend to forget about another important factor—their child’s financial safety. Teaching your child about money at an early age is a great way to improve his or her financial future. Keep reading for tips on educating your child about finances.

    family savings

    Provide an Allowance
    Many parents provide their children with a weekly or  monthly allowance . This can be an effective teaching tool as it allows you to teach your child the value of a dollar and encourages them to spend the money wisely. Having your child perform certain duties such as dusting, taking out the trash, or vacuuming in order to receive their allowance will also help your child understand that money is not simply given away, but must be earned.

    Use Everyday Situations as Educational Opportunities
    Using everyday situations as educational opportunities is a great way to teach your child about money. For example, a trip to the supermarket can give you the chance to talk to your child about supply and demand and the importance of assessing prices, while a visit to the ATM gives you the chance to explain to your child how banks and credit unions operate.

    Open Up a Savings Account
    You may consider having your child open up a savings account with your local credit union so that any money obtained as gifts or as allowance can grow into a nice little nest egg. This will also help your child understand how savings accounts and interest rates work.

    Here at the  GCS Credit Union  in O’Fallon, Illinois, we are devoted to providing the financial services that you and your family members need. Get your family on the road to financial security and enjoy the benefits of working with a credit union by calling (618) 797-7993 today! 

  • What Is a Savings Bond and How Does It Work?

    A savings bond refers to a non-marketable security that is backed by the full faith and credit of the United States government, which means that they can never lose principal or interest due to the status of the current financial market. Savings bonds can be obtained through your local credit union and are a great way to increase your financial security.

    When you purchase a savings bond, you are basically allowing the government to use your money while paying you interest. Over time, these savings bonds can be cashed out for a higher rate than they were initially purchased for—but there are certain redemption restrictions. For example, you cannot cash a savings bond within six months or one year of the original issue date, and any savings bond cashed within the first five years will be penalized.

    Bond

    Do you already have a savings bond or want to purchase a new one? Give the O’Fallon GCS Credit Union a call at (618) 797-7993 for more information about our  savings bonds . Our Illinois credit union also offers savings accounts, checking accounts, auto loans, and debit cards.

     

  • Why the Dealership Isn’t Your Only Option for an Auto Loan

    Purchasing a new vehicle can be an exciting experience, but unless you recently won the lottery, chances are high that you’ll need to obtain an auto loan in order to purchase the car of your dreams. While most individuals think that the only way to apply for an auto loan is to go through the dealership, you can actually obtain an auto loan from your local credit union. Continue reading to learn more.

    Calculator and toy car

    Available Funding
    Many individuals do not realize that credit unions have the amount of money needed to provide auto loans to their members. But as of 2009,  credit unions  made 80 billion dollars available for low-cost car loans to compensate for the financial crisis. Furthermore, a number of credit unions have built relationships with car dealers so that the credit union can offer loan options when customers decline the initial offer from the dealer.

    Competitive Rates and Terms
    The auto loans available through credit unions are just as competitive as those offered by a national bank when it comes to rates and terms. This means that you can obtain the same types of loans from credit unions as you would from other financial institutions, while still having the option to choose from different rate and term-conditions.

    Relaxed Requirements
    Being a member of a credit union offers a number of benefits, including more relaxed membership requirements and a user-friendly auto loan application process. In addition, being a member of a credit union means that you can obtain competitive rates on auto loans, as well as certain deals that are not available to other consumers.

    If you are looking for an auto loan, the  GCS Credit Union  in O’Fallon, Illinois is here to help. Contact us today at (618) 797-7993 or visit us on the Web for more information about our auto financing options, checking accounts, and debit cards.