• How to Budget in Your First Apartment

    When you first move out on your own, you must monitor your checking account and savings account to ensure you have enough money for your expenses. You should consider opening a student checking account at your local credit union to avoid the excessive banking fees and charges from other banking institutions.
    Watch this video for more tips on budgeting in your first apartment. You will learn how to create a reasonable budget and savings plan, join a credit union, and monitor your spending via your online checking account and online savings account.

    At GCS Credit Union, we can help you can set up online banking and online bill pay in O’Fallon to help you manage your money and create a savings plan for your new student savings account. To learn more about our student checking accounts and savings accounts, call us today at (618) 797-7993.

  • Exploring the Security Benefits of Banking Online

    When you set up an online checking account with a credit union, you’ll enjoy the convenience of quick, easy online banking and online bill pay services. Online banking is also a safe, secure way to manage your money and keep track of your finances. Here is a look at some of the many security benefits of online banking.

    Encrypted Connection to Online Banking Services

    Your credit union’s server guarantees you a secure, encrypted connection to access your online banking services. A third party cannot access any information you and your credit union send. You can safely transfer money from your online checking account to your savings account, and can rely on swift, secure online bill pay transactions.

    Identity is Confirmed via Secure Password and Questions

    When logging into your online checking account, you’ll need to enter a secure password. This password should be different from the passwords you use on other sites, and should change regularly to maintain online banking security. If you don’t remember your password, your credit union representative will ask you a series of security questions to confirm your identity. These questions may also be asked periodically throughout your online banking transactions to ensure you’re the only one with access to your account.

    Quickly and Easily Review Transactions for Fraudulent Activity

    Online banking allows you to quickly and easily review all your transactions for fraudulent or unauthorized activity. You can review your most recent transactions almost immediately, and set up alerts for varying levels of account activity to provide you with up-to-the-minute notifications. If you notice an unauthorized transaction on your online checking account, you can send a secure message to your credit union representative to begin the fraud claim process.

    If you’re interested in setting up online banking in O’Fallon , come see us at GCS Credit Union. We can assist you in setting up an online checking account, savings account, and IRA, as well as offer you great rates on home mortgage loans, auto loans, and Visa Rewards credit cards. To learn more about our credit union, call us today at (618) 797-7993.

  • Avoiding Overdrafts with Mobile Banking

    Opening an online checking account and savings account through your local credit union allows you to closely monitor your account activity via online banking tools. Your online banking services include overdraft protection, which prevents your debit card from being declined if you have insufficient funds and gives you a grace period to deposit money into your checking account to avoid overdraft fees.

    Online banking also allows you to review your transactions quickly and easily to ensure there is no fraudulent activity on your account, and that you have enough funds in your checking or savings account to cover your expenses. Your credit union may also be able to set up account activity alerts, which notify you of deposits, withdrawals, and the current balance of your checking account. This will help you stay on top of your balance and avoid overdrawing your account.

    If you’re interested in learning more about how to avoid overdrafts of your online checking account in O’Fallon , come see us at GCS Credit Union. We can set up overdraft protection, account alerts, and online banking services to help you monitor your account and budget. Call us today at (618) 797-7993 to learn more about our credit union.

  • A Guide to Setting Savings Goals

    If you’ve just set up an online checking and savings account with your local credit union, you’ll want to create savings goals to make it easier to save money. Enrolling in online banking with your credit union will help you manage and track the money that goes in and out of your checking and savings account. Here’s a simple guide to get you started on setting savings goals.

    Determine What You are Saving For

    To determine how much money to save, you’ll first need to decide what you’re saving for. You may be saving money for education, a down payment on a home mortgage or auto loan, travel expenses, retirement, or all of the above. A representative at your credit union can help you determine what type of savings account will work best depending on the purpose of your savings.

    Create a Timeline for Your Goal

    Next, you’ll need to create a timeline for reaching your savings goals. This will motivate you to reach your goals and help you determine the amount of money you need to put aside each month. You can set up benchmark dates by which you want to have a certain sum of money invested in your savings account.

    Set up Automatic Transfers to Your Savings Account

    Once you know how much you need to save and by what date, you can ask your credit union representative to set up automatic transfers to your savings account. This process will securely transfer a set amount of money from your online check account to your savings account on specific dates each month. This will guarantee that you meet your monthly savings goals.

    When you join GCS Credit Union, a credit union in O’Fallon , we will help you set up a safe, secure online checking account and savings account. We can also work closely with you to help you create a savings plan and meet your savings goals. To learn more about online banking through our credit union, call us today at (618) 797-7993.