• Understanding Home Equity

    If you’ve become a homeowner with help from your credit union, then you’ve probably heard the term “home equity.” The equity of your home is closely related to its value. You can calculate your home equity by subtracting the total balance on your mortgage from the appraised value of your home.

    When you watch this informative video, you’ll learn that the value of your home and your home equity can increase or decrease depending on factors other than your total mortgage balance. For example, if your neighbor sells a house that is similar to yours for a cost greater than the value of your home, then the value of your own house can increase.

    At GCS Credit Union in O’Fallon, you’ll find highly competitive home mortgage loans and home equity lines of credit . Call a member representative at (618) 797-7993 or visit one of our branches today to find out which financial product is right for you.

  • Our Student Success Account Package

    GCS Credit Union is pleased to continue our tradition of supporting the financial education of our members by offering a special checking and savings account package for students. The Student Success Account Package is available for individuals ages 14 through 23. Until the student turns 18 years of age, a parent or guardian must be listed on the credit union account.

    The student accounts allow young consumers to learn the basics of personal finance, including fiscal responsibility and the importance of saving money regularly. Upon opening an account, students are eligible for a $10 iTunes or Amazon e-gift card. Another gift card is awarded to students who earn straight A’s on their year-end report cards and those who refer two friends to our credit union.

    If you know a student who could benefit from online checking accounts , you can contact GCS Credit Union in O’Fallon at (618) 797-7993. Our credit union also offers auto loans at competitive rates.