• Convenient Ways to Manage Your Credit Union Accounts

    Whether you are looking to manage your savings account or your checking account, it has never been easier to do so. Between mobile alerts and online banking, it is simpler than ever to keep an eye on your money. Read on for a few convenient ways to manage your credit union accounts.

    A substantial amount of our society now exists online, and your credit union accounts should be no different. With online banking services, you are never more than a few clicks away from your balances and account information. You can even use online banking to pay your bills and transfer money between different accounts, and you can do it all from home. Similarly, mobile banking will keep you connected no matter where you go. Sign up for text alerts so you know when your accounts are running low and can manage accordingly.

    GCS Credit Union is proud to offer different types of credit union accounts. If you are looking to get a checking account in O’Fallon, give us a call at (618) 797-7993 to talk about our online checking accounts. You can also visit our website or stop by and see us to learn about our auto and home mortgage loans.

  • How to Help Students Build Good Financial Habits

    The earlier you learn how to make smart financial decisions and be responsible with your money, the better off your financial future may be as you grow into an adult. You can help your children form the right habits by helping them open up a checking account and teaching them how to save. Here is a look at how to help students build good financial habits.

    Many young adults have their sights on a life of luxury, but it is important that they learn about the stepping-stones that lead the way there. It is wise to help your student set up a basic checking account early on. Many modern banks and credit unions offer mobile or online banking, which can help students keep track of their funds. Teach your student to use an ATM, balance a checkbook, and maybe even open a credit card.

    Would you like to help students build good financial habits? Have your son or daughter open a checking account at GCS Credit Union in O’Fallon. We offer the convenience of online checking accounts as well as online bill paying. You can learn much more about our services by visiting our website or calling us at (618) 797-7993.

  • Questions to Ask About Auto Loans

    An auto loan can help you drive the ride of your dreams, but it is important not to get ahead of yourself. There are a few questions that you should always ask your lender before you offer your signature. These are a few questions to ask about auto loans.

    What Is the Total Price of the Vehicle?

    It is easy to get lost in excitement when buying a new vehicle, but it behooves you to take a deep breath and think about the numbers. If you want to understand how much you are paying for your car, it is important to think about more than your monthly price. The terms of your auto loan will determine the amount of interest you will pay on your vehicle, which goes on top of the price of the car itself. Be sure to find out the total amount you will pay for your vehicle.

    Are There Any Penalties?

    Always know exactly what kind of terms you are agreeing to before you put pen to paper; some auto loan contracts involve different types of penalties, and it is helpful to understand them beforehand rather than after the fact. Certain contracts might even penalize you for making early payments, which is tricky because it forces you to extend your interest. Ask your lender if there will be any penalties or hidden fees within your contract, and make sure you fully understand them before you sign.

    Is Credit Insurance Mandatory?

    Although credit insurance is not federally mandated, your lender might insist that it becomes part of your negotiation. If you already have another insurance policy that effectively offers the same coverage, it would be wise to stick with your initial plan. Talk to your lender about credit insurance and find out if it is a requirement of theirs.

    If you are looking for an auto loan, call GCS Credit Union at (618) 797-7993. Our credit union in O’Fallon is happy to help you find auto loans that meet your needs. We also offer home mortgage loans and online checking accounts. Feel free to visit our website for more information.

  • Tips for Avoiding Overdraft Fees

    You can only spend as much money as you have in your checking account, otherwise you may incur an overdraft fee. Watch this video for tips for avoiding overdraft fees.

    If you want to avoid the penalties for spending beyond your means, it is important that you have an accurate picture of your finances at all times. It helps to use mobile or online banking services with mobile or email alerts. In many cases, you can also link your savings and checking accounts with a protection plan. Check your balance often and try to keep some extra money on hand so that you can avoid these overdraft fees.

    For more tips for avoiding overdraft fees call GCS Credit Union at (618) 797-7993. We are dedicated to providing online banking, Visa rewards credit cards, and home mortgage loans in O’Fallon. Feel free to visit our website to learn more about our credit union .

  • Reaping the Benefits of a Personal Loan

    Although it is not always preferred, borrowing money makes sense in many different cases. Before heading to your credit union to apply for a personal loan, it is a good idea to think about what you might use it for. Keep reading to see how you can reap the benefits of a personal loan.

    Getting Out of Debt

    A personal loan can be extremely helpful when it comes to getting out of debt. Living in debt can be crippling; it can prevent you from getting favorable interest rates or even qualifying for loans, and it can make it difficult to keep food on the table while paying off your lenders. Fortunately a personal loan can help you break free from your debt. Since these loans typically feature fixed repayment periods, you can rest assured that you will be debt-free once you have finished your monthly payments.

    Improving Your Credit Score

    Your credit score is important for a number of reasons, and it is often used to determine the interest rates that a lender can offer you. Incurring more and more debt and making late payments can hurt your credit score, which can then leave you with little flexibility when it comes to interest rates on loans. A low credit score may even keep you from obtaining a mortgage. You can use your personal loan to build your credit by making your payments on time.

    Saving Your Funds

    There are plenty of ways a personal loan can help you save money in the long run, but what can it do for you in the short term? You might be able to refinance a steep interest rate using your personal loan, allowing you to pay a smaller total and still end up with zero debt.

    If you would like to learn more about what you can do with a personal loan, call GCS Credit Union at (618) 797-7993. Our credit union in O’Fallon specializes in a multitude of services from auto and home mortgage loans to online banking and bill paying. Visit our website to learn more about us.