Killeen, TX, 2016/ Press Release: Greater Central Texas Federal Credit Union is a leading credit union providing secured loans in Killeen, TX. The non-profit organization was established in 1957 with an aim to offer financial assistance to its members. The credit union offers a wide range of loan plans with easy repayment options.
A secured loan is the one that is protected by a valuable asset or a collateral. In case of non-repayment, the lender can seize the asset to clear off the debts.
The staff at Greater Central Texas Federal Credit Union provides thorough assistance in choosing a secured loan plan suiting the members’ requirements. They help in understanding the important clauses of the loan agreement to make sure the members have no problems later.
Advantages of a secured loan:
Long repayment term: With a secured loan, you have a longer time to pay off the loan amount. Thus, you can repay the loan in easy installments.
Lower interest rate: The secured loans are charged with low interest rates as compared to other types of loans.
Higher borrowing limits: Since secured loan involves a valuable asset such as car or house as a collateral, it has high borrowing limits. So it can be a good option if you require a huge loan amount.
Easy to qualify: Having a high income is not essential to qualify for a secured loan. Hence the process of loan approval is easy.
The credit union offers comprehensive services such as payroll deduction, direct deposit, notary service, ACH origination, bill pay etc. The credit union also provides the facility to open checking and savings account.
For more information about the secured loans provided by Greater Central Texas Federal Credit Union, you can call at (254) 690 - 2274 or visit their office at 3305 E. Elms Rd., Killeen, TX 76542. You can also log on to their website www.gctfcu.net to know more.