• The Advantages of Online Bill Payment

    Online Banking When you get a checking account in O’Fallon, you may want to ask your credit union about your online bill pay option. By linking your online checking account to a bill payment program, you can ensure that your bills are paid on time, every month, this is just one of many advantages to online bill payment. With this type of service, you will have the peace of mind that comes from knowing that your bill payments are automatically covered. In addition, you can also save on the cost of penalties and charges that may occur if you forget a monthly payment.

    To find out more about setting up online bill pay , be sure to contact GCS Credit Union in O’Fallon. Our banking specialists will be thrilled to help you create a banking solution that is tailored to your needs. Call us at (618) 797-7993 to set up a new checking account today.

  • Common Checking Account Mistakes to Avoid

    Checking Account Mistakes to Avoid

    A checking account offers convenient access to the funds that you will use on a day to day basis. By working with your credit union to get a checking account in O’Fallon, you will be able to easily manage your finances. Today’s banks also offer updated services, such as online checking accounts that can be accessed at any time of the day or night. Whether you are considering opening your first checking account or are an experienced banker, here are some common checking account mistakes that should be avoided.

    Forgetting to Stop Automatic Payments
    When you set up online checking, you can arrange for some or all of your bills to be automatically deducted from your account. When you switch accounts, it is important to make sure that you cancel these automatic payments. If you neglect to stop the payments, you could run the risk of overdrafting your previous checking account.

    Writing a Check for More Than Your Account Balance
    While writing paper checks may seem like a notion of the past, there may be certain situations in which you must write a check to make a payment. When you write a paper check, it is highly important to make sure that you have sufficient funds in your checking account.

    Cashing a Post Dated Check Too Early
    When you write a paper check, you have the option of post-dating the check. This means that the check will be written out for a date that is later than the day that it has been issued. When writing or receiving a check, be sure to check the date before you make your deposit.

    For assistance with all of your checking account needs, be sure to visit GCS Credit Union. We proudly provide our customers throughout the O’Fallon area with a full range of highly rated banking services . Give our O’Fallon branch a call at (618) 797-7993 to learn more about how you can set up a checking account at our institution.

  • Tips for Managing Your Bank Account

    When you join a credit union in O’Fallon, you will be ready to open your first checking account. To get the most out of your first baking experience, there are several steps that you can take to manage your bank account. For example, if you will be using your bank account to pay bills, you may want to open a checking account. Online checking accounts offer easy and convenience access to your funds. To read more tips for managing your bank account, be sure to check out this video from Howcast.

    To open a checking account in O’Fallon , be sure to pay a visit to GCS Credit Union. We are pleased to offer a variety of financial services, and we can help you set up online bill pay with your account. Call us at (618) 797-7993 to learn more about setting up a bank account today.

  • Answers to Your Questions About Credit Unions

    If you are seeking a smart banking solution for your finances, you may want to join a credit union in O’Fallon . Credit unions provide their members with a range of great services and amenities, including online bill pay, home mortgage loans, and more. When you choose to bank at a credit union, you will also receive personalized customer service. To help you decide whether you should open your new checking account with your local credit union, here are answers to common questions about these institutions.

    Questions about credit unions in O'Fallon How Are Credit Unions Different Than Banks?
    When you are considering joining a credit union , you may wonder how these financial institutions are different from traditional banks. Unlike a bank, which are for-profit businesses, credit unions are cooperatively owned by their members. By offering cooperative ownership, credit unions are dedicated to providing their members with great rates and services.

    Are There Requirements to Join a Credit Union?
    Each credit union has its own specific requirements for becoming a member. For example, some credit unions are designed specifically for government workers or employees of a certain business. However, many other credit unions are open to everyone in the general public.

    What Kinds of Services Are Offered By a Credit Union?
    When you join a credit union, you can expect your financial institution to provide you with all of the different types of services that are also provided by a traditional bank. Your credit union will be able to help you take out a home or auto loan, and can also provide you with convenient online banking services.

    If you are considering opening a new checking account in O’Fallon, be sure to visit GCS Credit Union. Our highly acclaimed financial institution can provide you with a full range of banking services, and we offer several convenient locations across the state of Illinois. To learn more about the advantages of banking with our credit union , give us a call at (618) 797-7993.

  • The Benefits of Online Banking

    Online Banking in O' Fallon You can do just about anything on the internet, even manage your finances. Online banking allows you to manage a number of banking activities, anytime and anywhere you have internet access. There are numerous advantages of using online banking, namely the convenience of being able to get your banking done whenever it’s most convenient for you. Online banking also makes it easier to track your spending and monitor your accounts.

    GCS Credit Union offers our members the latest tools to make banking easier. From online banking and bill pay to online financial calculators and direct deposit, we offer our members a variety of supplemental services to simplify their banking experience. And with seven branches in O’Fallon and the surrounding area, there’s a GCS Credit Union near you whenever you to stop by. For information on becoming a member, call us at (618) 797-7993.

  • The Essentials of Planning Your IRA

    IRA in O' Fallon It doesn’t matter when you start planning for your retirement, so long as you actually start. An individual retirement account (IRA) provides numerous benefits over traditional savings accounts, most notably that the income from interest, dividends, and capital gains is allowed to compound each year without Uncle Sam getting his hands on it (as long as you meet certain eligibility requirements). To help jumpstart your retirement planning strategy, here are some tips for planning your IRA with a credit union in O’Fallon .

    Determine Whether an IRA is Right for You
    An IRA can be a great retirement savings tool , but it isn’t the only one, or may not even necessarily the best for you. An IRA may be right for you if you’re self-employed or your employer doesn’t offer a retirement plan, you’ve maxed out your 401(k) contributions, or you’re looking to roll over and/or consolidate old 401(k) plans.

    Consider Your IRA Options
    There are lots of different IRA providers to choose from in O’Fallon, so take your time and research your options to find the plan that works best for your needs and retirement planning strategy. One important factor to consider is how much the IRA will cost you in fees and what types of dividends you can expect in return.

    Define Your Financial Planning Strategy
    One of the most important things to remember when planning your IRA is to look at it as part of your overall investment portfolio, and not just a means to an end in and of itself. A financial advisor can help you define your financial planning strategy for retirement so that you can get the most out of your IRA.

    GCS Credit Union offers traditional and Roth IRA options with competitive dividends above standard savings rates. No minimum deposit is needed to open an IRA and there are no setup fees, so visit one of our seven conveniently located branches in and around O’Fallon to get started. If you have questions, please call us at (618) 797-7993.

  • The Difference Between Banks and Credit Unions

    Are you fed up with bank fees? Are you worried about your bank’s business practices? Do you wish your bank treated you better? If you’ve had it with your big bank, consider making the switch to a local credit union in O’Fallon. Credit unions offer numerous advantages over banks, namely lower interest rates on personal loans and credit cards and higher dividends on checking and savings accounts. Watch this video to learn more about some of the differences between banks and credit unions and how you can benefit from making the switch.

    If you want to feel like a valued customer instead of a dollar sign, come to GCS Credit Union. Our community-based, member-owned, not-for-profit credit union is focused on our members’ financial needs, and we aren’t interested in making a profit off the people who trust us with their finances. Please call us at (618) 797-7993 to learn more about our products and services or to find out how you can become a member today !

  • Tips for Managing Your Checking Account

    Checking Accounts in O' Fallon How you manage your checking account can have an immediate impact on your debit history. Although not as important as your credit score, your debit history can affect your ability to open up new checking or savings accounts in the future. Mishandling a checking account can also result in fees, overage charges, and insufficient funds. To help you save money and maintain a good debit history, here are two tips for managing your O’Fallon checking account .

    Monitor Your Account Balance
    One of the best ways to keep your account in good standing and avoid over drafting is to monitor your account balance daily. You want to know exactly how much is in your account before you make any big purchase with your debit card. And if you setup automatic online bill pay, keep your due dates in mind so your account always has enough to cover your payments.

    Review Your Monthly Bank Statements
    Each month you will receive paper or electronic statements from your credit union. These statements provide an overview of your account activity over the previous month. Look over the statement and make sure there aren’t any unauthorized charges on your account. It’s not uncommon for businesses to accidently charge your account twice for a single transaction. In cases like these, a quick phone call to your credit union can resolve the issue and return your funds as soon as possible.

    GCS Credit Union offers numerous personal checking options that make managing your money easy. Whether you’re interested in a free checking account that pays high dividends each month or pays cash back on your debit card purchases, GCS Credit Union has the checking account for you. Visit our website to learn more about our personal checking and savings accounts , or call us at (618) 797-7993 to speak with one of our representatives.