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 We offer a wide variety of accounts to fit your financial needs. These accounts range from savings accounts to student loans. The Credit Union offers savings accounts with lower interest rates that require a low minimum balance, and savings accounts with higher interest rates that require a higher minimum balance. The Regular, Preferred, Christmas Club, and Money Market accounts are our liquid accounts. This means that you can deposit and withdraw money freely without penalty. The Credit Union also offers checking accounts, certificates of deposits, and loans. Contact the Credit Union for any additional information or to open one (or more) of the accounts offered.
Checking Accounts
Our checking accounts are set up to give you complete access to your money at the Credit Union.
Direct deposit or payroll can be deposited straight into this account. You can have overdraft protection from a Line of Credit loan or another savings account.
We also offer MasterCard debit cards. You must have a GCM Federal Credit Union Checking Account and qualify for a Line of Credit loan in order to be approved for a debit card.
Student Loan Program
There are many steps to go through when you are applying for a student loan.
There are four types of student loan products available:
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Subsidized Stafford
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Unsubsidized Stafford
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Consolidation
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Federal PLUS
Be sure to fill in our name, GCM Federal Credit Union, and lender number, 833916, on the MPN.
For more information call Angela Mattson at GCM Federal Credit Union, (651) 646-2008.
Savings Accounts
The Individual Retirement Account is designed to help you save for your retirement. This account earns a high interest rate but is not liquid. This is strictly created for members who plan on saving for the long-term.
Our Christmas Club account is designed to help you save throughout the year to meet all of your Christmas shopping needs. This account earns a lower interest rate, but there is no minimum balance required. Your balance is mailed out in check form to you on November 1. Open up a Christmas Club and start saving today. Please check the Rates page of this Web site to see the current interest rate.
The Money Market Account offers the highest interest rate of our liquid accounts. There is a minimum of $2,500.00 required in the account to earn a dividend. You are able to withdraw the funds in that account freely without penalty. Please check the Rates page of this Web site to see the current interest rate.
Our Regular Savings account is an account necessary to open a membership at the Credit Union. A balance of $25.00 is required in order to keep the account open. Please check the Rates page of this Web site to see the current interest rate.
Our Preferred Savings account pays a higher interest rate than the Regular Savings and has the same required minimum balance. A regular savings account is still needed, but for those of you who want the higher interest rate with a low minimum required balance, the Preferred savings is exactly what you have been looking for.
Please check the Rates page of this Web site to see the current interest rate.
Certificates of DepositOpening a Certificate of Deposit is a snap. Just stop by the Credit Union with the amount you wish to put in a CD ($1000.00 minimum). We will set up the CD and give you a receipt and document declaring your deposit into the CD. You can also transfer money from other accounts (even outside the Credit Union) in order to open up a CD.
Loans
Looking for a way to consolidate higher-interest loans and cut your monthly bills? Need money to pay for home improvements, education costs or other purchases? Whatever the reason is, the GCM Federal Credit Union Loan Program makes it easy and affordable to get the funds you need. Qualified members can borrow up to $50,000.00 using a home equity loan. You can choose either a fixed-rate installment loan or a variable-rate line of credit.
Click here if you are looking for a Home Mortgage Loan
Need A Car, Snowmobile, ATV, or Boat?
The Credit Union has the loan for you! With our competitive rates, you can purchase the vehicle that you want. Check out our Rates page or call the Credit Union today. Apply Online
The Credit Union offers a Line of Credit loan. This is an unsecured loan that can be used for a variety of things. The credit limit is $1500.00. The interest rate for this loan is 18% and is fixed. Please contact the Credit Union or apply online. |
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