Ways to Benefit from a Savings Account

When’s the last time you honestly used your savings account? Aside from putting extra money that you want to keep for a rainy day or emergency, it mostly just sits there. However, savings accounts from a credit union have several benefits that make them superior to other types of saving methods.

Benefits of a Savings Account:

Most savings accounts are very easy to liquefy, meaning that the money in the account can be easily withdrawn for cash, so saving accounts are often used as emergency funds to have money on hand when problems erupt. These emergencies can be either bad, like car accidents or medical bills, or good, like a surprise vacation or splurging on a gift for yourself.

Other benefits include:

• Keeping money separate from the checking account: As much as we all want to say that we can save money in our checking account, savings account can help us avoid overspending and keep our savings account growing.

• Earning interest: Savings accounts allow you to grow your money with interest over time, making your money work for you. Credit unions tend to offer higher dividends because they funnel their profits back to their members.

• Easy transfer between accounts: Either access your account online or through your mobile app, , money can be moved from checking  to savings and vice versa, allowing you to move your funds easily where you want them.

So, is your savings account actually helping you? A savings account at your credit union can maximize your money and help you can get a better handle on your funds to use your money much more effectively. 

Federally insured by NCUA and Equal Housing Lender

Top 5 Benefits of a Free Checking Account

Most banks charge a monthly fee to have a checking account. In most cases, this can total up to over $100 per year.  Most credit unions don’t! Getting a free checking account can give you the peace of mind that you get to keep your hard-earned money to yourself.
 
Make sure you get all the benefits your free checking account has to offer.

The Five Benefits

1.     Easy access to finances: Have you ever wanted to buy something, but just didn’t know if you had the money to spare in your account?  With a free checking account, checking your balance on your phone can be done in seconds, allowing you to move on with the purchase.

2.     Notifications: Security is very important in today’s world, and having notifications pop up when a large withdrawal has hit your account or when you have less than $100 in your account can keep you feeling secure that all your funds are where they should be.

3.     Support with other sites: Some websites like Paypal or Amazon allow you to use your debit card for purchases, and by having your checking account linked to those sites you can safely and securely follow your money.

4.     Overdraft protection: This feature ensures that you always have some money in your account by taking the extra money needed from a different account or your savings account to cover a purchase without any fees.

5.     Digital document protection: Everything from receipts to checks can be uploaded online and easily accessed so you can manage your finances.

Just because you have a free checking account from your credit union doesn’t mean that you don’t get any conveniences with that account.  Free checking accounts offer the same great conveniences and benefits as any other checking account that you have to pay a service charge for.  That is peace of mind worth every cent.

Federally insured by NCUA and Equal Housing Lender

Obtaining an Auto Loan is made Easier with GO Federal Credit Union

Buying a brand new car, whether it’s actually new or used, can be difficult. On top of figuring out what model of car you want, other factors to consider are the features, where exactly to buy it, and most importantly, the price. The most likely choice is to take out a loan, and the safest and most reliable way is by taking out an auto loan at a credit union. In Dallas, Texas, GO Federal Credit Union is there to assist customers to provide an easier car-buying experience.

When it comes to auto loans, two choices to make is either getting one through the bank, or through a credit union. The difference between the two is through their services. Banks are for-profit organizations that make money for their stockholders, while credit unions are not-for-profit institutions owned by their own members where they use their own earnings towards their members which include lower loan rates than you would find at a bank. Becoming a member and taking out an auto loan with a credit union is more beneficial.

Making a Clear Decision is Key

Credit Unions offer car buying services to help with the process.  Letting your credit union know what kind of car you want is important as they will work closely with car dealerships to find the exact car that you want to get, and at the best price. Things to consider would be:

·         The size and model of the car

·         What the car will be used for

·         What kind of safety features you are interested in

·         Fuel economy

·         Any other features that are important to you

Taking the Next Step

The most important decision of all, though, is the price range. Getting pre-approved is helpful for members. The credit union can supply cost information, find the best deal with the right dealer, provide the dealer’s information, and most importantly, provide a pre-approval letter. The pre-approval letter contains specific instructions that informs the dealer that the purchase of the vehicle will be through the credit union, and also protects their members from being coerced into other payment methods that are not beneficial.

Obtaining an auto loan at a credit union creates many benefits that far outweigh getting a loan anywhere else. Talking with a credit union first can pay off in the long run for members seeking flexible terms, lower rates and personalized service.

Federally insured by NCUA and Equal Housing Lender