Rates

fSavings

  Minimum Deposit to Open Account Minimum Average Daily Balance to Earn Dividends Dividend Rate Annual Percentage Yield
Savings (Share) $20 $100 0.20% 0.20%
Youth Savings $20 $20 0.20% 0.20%
Christmas Club (may be opened November 1 - March 31)* $10 $10 0.20% 0.20%

Note: Dividends are compounded and credited quarterly on the last business day of March, June, September and December. Dividends are paid from current earnings available after transfers to reserves and only after the Board of Directors of the Credit Union formally declares the dividend rate at the end of the quarter. A penalty will or may be imposed for early withdrawal. APY is accurate as of the last dividend declaration date. Rates may change after the account is opened. Rates are accurate as of April 15, 2014.

*Christmas Club Account - Interest paid through October 31, balance transferred to checking or savings account on November 1. In the event of early withdrawal, account will be closed and all accrued interest will be lost.

What to Expect

To open a savings account you will need:

  • Current valid ID (state issued driver’s license or ID card, resident alien card, military ID)
  • Minimum deposit to open account – represents your ownership or “share” of GECU
  • Learn more

Your deposits are insured by National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.

Quick Answers

Certificates of Deposit

Regular CD

Product Minimum Deposit & Average Daily Balance Interest Rate Monthly / APY* Annual / Maturity APY*
3 Months $2,500 0.30% N/A 0.30%
6 Months $2,500 0.35% N/A 0.35%
18 Months $1,000 0.80% 0.80% 0.81%
24 Months $1,000 0.80% 0.80% 0.80%
30 Months $1,000 1.05% 1.05% 1.06%
36 Months $1,000 1.05% 1.05% 1.05%
48 Months $1,000 1.05% 1.05% 1.05%
60 Months $1,000 1.40% 1.41% 1.40%
(Fixed-Rate)
12 Months $50 0.55% 0.55% 0.55%
12 Months Jumbo $50,000 0.65% 0.65% 0.65%
SmartStep (Variable-Rate)
24 Months $2,500 0.80% 0.80% N/A
24 Months Jumbo $50,000 0.90% 0.90% 0.90%

Senior Privilege CD

Senior Privilege Certificates may be purchased at 0.15% above current rate (rate will automatically increase on existing qualified CDs at next renewal following tax-select owner's 60th birthday). Ask about our Jumbo Certificates of Deposit for $50,000 and above.

Product Minimum Deposit & Average Daily Balance Interest Rate Monthly / APY* Annual / Maturity APY*
3 Months $2,500 0.45% N/A 0.45%
6 Months $2,500 0.50% N/A 0.50%
18 Months $1,000 0.95% 0.95% 0.96%
24 Months $1,000 0.95% 0.95% 0.95%
30 Months $1,000 1.20% 1.21% 1.21%
36 Months $1,000 1.20% 1.21% 1.20%
48 Months $1,000 1.20% 1.21% 1.20%
60 Months $1,000 1.55% 1.56% 1.55%
Fixed Rate 12 Month CDs
12 Months $50 0.70% 0.70% 0.70%
12 Months Jumbo $50,000 0.80% 0.80% 0.80%
SmartStep (Variable-Rate)
24 Months $2,500 0.95% 0.95% N/A
24 Months Jumbo $50,000 1.05% 1.05% 1.05%

The interest rate and Annual Percentage Yield (APY)* on the fixed-rate CDs are fixed until the maturity date of the certificate. The interest rate and APY on a variable-rate CD may be changed once, at your request, during each 24-month term. 

Smart Step Certificates offer an option to increase the interest rate during each term.  This option may be used to increase the rate to the current rate in effect  for this same type of certificate on the day the request is made in writing.  24 Month Term: one option to increase the interest rate during each 24 month term.  60 Month Term: two options to increase the interest rate during each 60 month term.     

Accounts will be cancelled if the balance drops below the minimum amount required for the term of the account and an early withdrawal penalty may apply.  Early withdrawal penalties for account terms of 3 and 6 months is 30 days of interest (whether earned or not); 12 months is 90 days of interest (whether earned or not); 18 and 24 months is 150 days of interest (whether earned or not); 30, 36, and 48 months is 240 days of interest (whether earned or not); and 60 months is 300 days of interest (whether earned or not). Rates are accurate as of April 15, 2014.

 

What to Expect

To open a certificate of deposit you will need:

  • Current valid ID (state issued driver’s license or ID card, resident alien card, military ID)
  • Minimum deposit to open certificate of deposit
  • Learn more

Your deposits are insured by National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.

Quick Answers

Individual Retirement Account

Share IRA

  Minimum Deposit to Open Account Minimum Average Daily Balance to Earn Dividends Dividend Rate Annual Percentage Yield
IRA (Share Type) $20 $20 0.30% 0.30%

CD IRA

Product Minimum Deposit & Average Daily Balance Interest Rate Monthly / APY* Annual / Maturity APY*
Fixed-Rate
3 Months $2,500 0.40% N/A 0.40%
6 Months $2,500 0.45% N/A 0.45%
18 Months $1,000 0.90% 0.90% 0.91%
24 Months $1,000 0.90% 0.90% 0.90%
30 Months $1,000 1.15% 1.16% 1.16%
36 Months $1,000 1.15% 1.16% 1.15%
48 Months $1,000 1.15% 1.16% 1.15%
60 Months $1,000 1.50% 1.51% 1.50%
Fixed-Rate 12 Month CDs
12 Month $50 0.65% 0.65% 0.65%
12 Month Jumbo $50,000 0.75% 0.75% 0.75%
SmartStep (Variable-Rate)
24 Months $2,500 0.90% 0.90% N/A
24 Months Jumbo $50,000 1.00% 1.00% 1.00%

Senior Privilege CD IRA

Product Minimum Deposit & Average Daily Balance Interest Rate Monthly / APY* Annual / Maturity APY*
3 Months $2,500 0.55% N/A 0.55%
6 Months $2,500 0.60% N/A 0.60%
18 Months $1,000 1.05% 1.05% 1.06%
24 Months $1,000 1.05% 1.05% 1.05%
30 Months $1,000 1.30% 1.31% 1.31%
36 Months $1,000 1.30% 1.31% 1.30%
48 Months $1,000 1.30% 1.31% 1.30%
60 Months $1,000 1.65% 1.66% 1.65%
Fixed Rate 12 Month CDs
12 Months $50 0.80% 0.80% 0.80%
12 Month Jumbo $50,000 0.90% 0.90% 0.90%
SmartStep (Variable-Rate)
24 Months $2,500 1.05% 1.05% N/A
24 Months Jumbo $50,000 1.15% 1.16% 1.15%

Rates are accurate as of April 15, 2014.
*APY - Annual Percentage Yield
A penalty will or may be imposed for early withdrawal.
Fees could reduce the earnings on the account.

** Early Withdrawal Penalty - Accounts will be cancelled if the balance drops below the minimum amount required for the term of the account and an early withdrawal penalty may apply.  Early  withdrawal penalties for account terms of 3 and 6 months is 30 days of interest (whether earned or not); 12 months is 90 days of interest (whether earned or not); 18 and 24 months is 150 days of interest (whether earned or not); 30, 36, and 48 months is 240 days of interest (whether earned or not); and 60 months is 300 days of interest (whether earned or not).

Smart Step Certificates offer an option to increase the interest rate during each term. This option may be used to increase the rate to the current rate in effect for this same type of certificate on the day the request is made in writing. 24 Month Term: one option to increase the interest rate during each 24 month term. 60 Month Term: two options to increase the interest rate during each 60 month term.

What to Expect

To open an Individual Retirement Account you will need::

  • Current valid ID (state issued driver’s license or ID card, resident alien card, military ID)
  • Minimum deposit to open certificate of deposit
  • Learn more

Your deposits are insured by National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.

Quick Answers

Checking

  Minimum Deposit to Open Account Minimum Average Daily Balance to Earn Dividends Interest Rate Annual Percentage Yield
Standard Checking $20 $2,500 0.10% 0.10%
Senior Privilege Checking $20 $2,500 0.10% 0.10%
Money Market $2,500 $2,500 0.10% 0.10%
    $10,000 0.25% 0.25%
    $25,000 0.50% 0.50%
    $100,000 0.75% 0.75%
GECU Fifty Free Business Checking $0 N/A N/A N/A
GECU Business Advantage $0 N/A N/A N/A
GECU Interest Plus $0 $5,000 0.10% 0.10%

Note: Interest on Checking accounts is compounded and credited monthly on the last business day of your statement cycle. Rates are accurate as of April 15, 2014.

Fees could reduce earnings on the account.

What to Expect

To open an checking account you will need::

  • Current valid ID (state issued driver’s license or ID card, resident alien card, military ID)
  • Minimum deposit to open certificate of deposit
  • Learn more

Your deposits are insured by National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.

Quick Answers

  • What information do I need to open a personal checking account?
  • It’s easy to open a GECU checking account.
    • If you’re already a member, there’s no need to open a personal savings account.
      • Simply have your current valid picture ID on hand and your $20 deposit.
    • If you’re a new member:
      • Bring a current, valid picture ID.
      • Open a personal savings account ($20 to open) representing your share in GECU.
      • Now you’re ready to open your GECU Personal Checking Account with a minimum deposit of $20.
      • Remember, your deposits are federally insured by NCUA up to $250,000.
  • Where can I find surcharge free ATM locations locally and nationwide?
    Click to locate surcharge free GECU and CO-OP Network ATMs
  • How do I sign up for GECU Mobile Banking?
    Click to sign up for GECU Mobile Banking.
  • What mobile apps do you have available?
    Click for mobile apps available at GECU.
  • How do I order checks?
    Click to order checks.
  • How can I move my checking account from my bank to GECU?
    Click for GECU’s Easy-to- Switch Kit
  • How convenient is direct deposit?
      • Direct deposit is the safest way to deposit your paycheck
      • It’s secure – no lost or stolen checks to worry about
      • It’s fast – funds are electronically deposited into your account on payday and available to you right away
    • To get started give your payroll office the following information about your credit union:
      • GECU – P.O. Box 20998 – El Paso, TX 79998-0998
      • Our routing and transit number - 3120-8108-9
      • Your GECU account type (savings or checking) and number where you want your payroll check deposited
      • That’s it. Now you can begin enjoying the convenience of direct deposit.

Credit Card Apply Now

 

Product Comments APR* for Purchases and Balance Transfers APR* for Cash Advances
Credit Card** MasterCard® Platinum 7.90% - 17.90% 2% above your APR for Purchases, not to exceed 17.90%
  (variable rate)
(variable rate)

*Annual Percentage Rate (APR).
No balance transfer fee.
**Credit Cards are revolving accounts

LOAN TERM SUBJECT TO CREDIT APPROVAL.

All loan offers are subject to membership and credit qualifications. Rates are based on several factors including loan type, amount of loan, repayment terms and credit rating so your rate may differ. Other terms may apply. Various terms available. Loans subject to approval.

What to Expect

To apply for a credit card you will need:

  • Current valid ID (state issued driver’s license or ID card, resident alien card, military ID)
  • Current Address
  • Current Employer, address and employment verification for last 5 years
    • Proof of income upon approval
    • Last 6 paystubs
  • If self-employed, 2 years of tax returns
  • Reference information: name, relationship, address and phone number
  • Amount of credit requested
  • Learn more

Quick Answers

Business Deposits

Business Share

  Minimum Deposit to Open Account Minimum Average Daily Balance to Earn Dividends Dividends Rate Annual Percentage Yield
Business Savings (Share) $20 $100 0.20% 0.20%

Note: Dividends are compounded and credited quarterly on the last business day of March, June, September and December. Dividends are paid from current earnings available after transfers to reserves and only after the Board of Directors of the Credit Union formally declares the dividend rate at the end of the quarter. Fees could reduce earnings on the account. A penalty will or may be imposed for early withdrawal. Annual Percentage Yield (APY*) is accurate as of the last dividend declaration date. Rates may change after the account is opened. Rates are accurate as of April 15, 2014.

Business Checking

  Minimum Deposit to Open Account Minimum Average Daily Balance to Earn Interest Interest Rate Annual Percentage Yield
GECU Fifty Free Business Checking $0 N/A N/A N/A
GECU Business Advantage $0 N/A N/A N/A
GECU Interest Plus $0 $5,000 0.10% 0.10%

Note: Interest on Checking accounts is compounded and credited monthly on the last business day of your statement cycle. Rates are accurate as of April 15, 2014.

Fees could reduce earnings on the account.

Business CD

Product Minimum Deposit & Average Daily Balance Interest Rate Monthly / APY* Annual / Maturity APY*
3 Months $2,500 0.30% N/A 0.30%
6 Months $2,500 0.35% N/A 0.35%
18 Months $1,000 0.80% 0.80% 0.81%
24 Months $1,000 0.80% 0.80% 0.80%
30 Months $1,000 1.05% 1.05% 1.06%
36 Months $1,000 1.05% 1.05% 1.05%
48 Months $1,000 1.05% 1.05% 1.05%
60 Months $1,000 1.40% 1.41% 1.40%
12 Months $100,000 0.65% N/A 0.65%
(Fixed-Rate)
12 Months $50 0.55% 0.55% 0.55%
12 Month Jumbo $50,000 0.65% 0.65% 0.65%
SmartStep (Variable-Rate)
24 Months $2,500 0.80% 0.80% N/A
24 Months Jumbo $50,000 0.90% 0.90% N/A

A penalty will or may be imposed for early withdrawal. Early Withdrawal Penalty - Accounts will be cancelled if the balance drops below the minimum amount required for the term of the account and an early withdrawal penalty may apply.  Early  withdrawal penalties for account terms of 3 and 6 months is 30 days of interest (whether earned or not); 12 months is 90 days of interest (whether earned or not); 18 and 24 months is 150 days of interest (whether earned or not); 30, 36, and 48 months is 240 days of interest (whether earned or not); and 60 months is 300 days of interest (whether earned or not).
*APY - Annual Percentage Yield.

Smart Step Certificates offer an option to increase the interest rate during each term. This option may be used to increase the rate to the current rate in effect for this same type of certificate on the day the request is made in writing. 24 Month Term: one option to increase the interest rate during each 24 month term. 60 Month Term: two options to increase the interest rate during each 60 month term.

What to Expect

To open a business deposit account you will need::

  • Business tax returns for previous 3 years
  • Personal tax returns for previous 3 years
  • Learn more

Your deposits are insured by National Credit Union Share Insurance Fund (NCUSIF) up to $250,000.

Quick Answers

Auto Loans1 Apply Now

 

Model/Year Annual Percentage Rate (APR) Approximate Term
2015 - 2014 2.25% - 15.75% 0 - 48 months
2015 - 2014 2.25% - 16.00% 49 - 60 months
2015 - 2014 2.25% - 16.25% 61 - 66 months
2015 - 2014 2.50% - 16.50% 67 - 72* months
2015 - 2014 2.75% - 16.75% 73 - 78** months
2015 - 2014 3.50% - 17.00% 79 - 84** months
2013 2.50% - 17.90% 66 months
2013 2.75% - 17.90% 72* months
2012 2.75% - 17.90% 66 months
2012 3.00% - 17.90% 72* months
2011 3.00% - 17.90% 66 months
2011 3.25% - 17.90% 72* months
2010 3.25% - 17.90% 66 months
2010 3.50% - 17.90% 72* months
2009 3.75% - 17.90% 66 months
1994 & 2008 4.00% - 17.90% 60 months

*Minimum of $15,000 MSRP2 required for term of 67-72 months.
**Minimum of $30,000 MSRP2 required for term of 73-84 months.
2 MSRP - Manufacturer's suggested retail price
Terms of Repayment Example:
1 48 monthly payments of $23.26 per $1,000 borrowed at 5.50%

LOAN TERM SUBJECT TO CREDIT APPROVAL.

All loan offers are subject to membership and credit qualifications. Rates are based on several factors including loan type, amount of loan, repayment terms and credit rating so your rate may differ. Other terms may apply. Various terms available. Loans subject to approval.

What to Expect

To apply for an auto loan you will need:

  • Current valid ID (state issued driver¡¦s license or ID card, resident alien card, military ID)
  • Current Address
  • Current Employer, address and employment verification for last 5 years
  • Proof of income upon approval
    • Last 6 paystubs
    • If self-employed, 2 years of tax returns
  • Reference information: name, relationship, address and phone number
  • Amount of loan requested
  • Learn more

Quick Answers

  • Is it necessary to be a member to apply for a GECU loan?*
    You may apply for a GECU loan if you are a member and at least 18 years of age.
    Apply 

    *Subject to approval. Other conditions may apply.

  • What types of loans does GECU offer?
    We offer a variety of loans* with flexible terms and low competitive rates, including buying a home, purchasing a car or taking that once-in-a-lifetime family vacation. We can even help you refinance** or improve the home you already own.* Apply 

    * Subject to approval. Other conditions may apply. **Limitations and other conditions apply to existing GECU mortgage loans.

  • Does GECU offer credit cards?
    GECU's Platinum MasterCard® and Family MasterCard® is one of the best and most affordable credit cards around.* For a credit card with lower competitive rates, a 25-day grace period on purchases and no annual fee, GECU’s MasterCard® is the one for you. Apply 

    *Subject to approval. Other conditions may apply.

  • What will I need to apply for a GECU loan?*
    To apply for all GECU personal loans you’ll need the following information:
    • Current valid ID
    • Current Address
    • Current Employer, address and employment verification
      • If less than 5 years with current employer, provide information for last 5 years
    • Proof of income upon approval
    • If self-employed, 2 years of tax returns
    • References
      • Name of relative not living with you
      • Relationship
      • Address
      • Phone Number

      *Loans subject to approval. Other conditions may apply.

RV, Boat, Motorcycle Apply Now

 

Product Comments APR* Approximate Term
Motor Home2
Travel Trailer 5th Wheel
New and Used
*MSRP of $20,000 up to 72 months;
**MSRP of $35,000 up to 84 months for 2007 and 2008 vehicles
***Subject to year model and value
6.75% - 16.00% 1 - 66 months
7.25% - 16.50% 67 - 72 months*
7.75% - 17.00% 73 - 84 months**
8.25% - 17.90% 85 - 120 months***
Camper3
Pop-Up Trailer
Boat, Motor and Boat Trailer
New and Used 8.75% - 17.00% 1 - 23 months
9.25% - 17.50% 24 - 47 months
9.75% - 17.90% 48 - 60 months
Motorcycle2 Titled
New and Used
*MSRP greater than or equal to $18,000 up to 72 months; **MSRP greater than or equal to $35,000 up to 84 months
6.75% - 16.00% 1 - 66 months
7.25% - 16.50% 67 - 72 months*
7.75% - 17.00% 73 - 84 months*

*Annual Percentage Rate
248 monthly payments of $24.33 per $1,000 borrowed at 7.80%
348 monthly payments of $25.76 per $1,000 borrowed at 10.80%
MSRP - Manufacturer's suggested retail price

LOAN TERM SUBJECT TO CREDIT APPROVAL. All loan offers are subject to membership and credit qualifications. Rates are based on several factors including loan type, amount of loan, repayment terms and credit rating so your rate may differ. Other terms may apply. Various terms available. Loans subject to approval.

What to Expect

To apply for a recreational vehicle loan you will need:

  • Current valid ID (state issued driver’s license or ID card, resident alien card, military ID)
  • Current Address
  • Current Employer, address and employment verification for last 5 years
  • Proof of income upon approval
    • Last 6 paystubs
    • If self-employed, 2 years of tax returns
  • Reference information: name, relationship, address and phone number
  • Amount of loan requested
  • Learn more

Quick Answers

  • Is it necessary to be a member to apply for a GECU loan?*
    You may apply for a GECU loan if you are a member and at least 18 years of age.
    Apply

    *Subject to approval. Other conditions may apply.

  • What types of loans does GECU offer?
    We offer a variety of loans* with flexible terms and low competitive rates, including buying a home, purchasing a car or taking that once-in-a-lifetime family vacation. We can even help you refinance** or improve the home you already own.* Apply

    * Subject to approval. Other conditions may apply. **Does not apply to existing GECU mortgage loans.

  • Does GECU offer credit cards?
    GECU's Platinum MasterCard® and Family MasterCard® is one of the best and most affordable credit cards around.* For a credit card with lower competitive rates, a 25-day grace period on purchases and no annual fee, GECU’s MasterCard is the one for you. Apply 

    *Subject to approval. Other conditions may apply.

  • What will I need to apply for a GECU loan?*
    To apply for all GECU personal loans you’ll need the following information:
    • Current valid ID
    • Current Address
    • Current Employer, address and employment verification
      • If less than 5 years with current employer, provide information for last 5 years
    • Proof of income upon approval
    • If self-employed, 2 years of tax returns
    • References
      • Name of relative not living with you
      • Relationship
      • Address
      • Phone Number
    • *Loans subject to approval. Other conditions may apply.

Personal Loan Apply Now

 

Product Comments APR* Approximate Term
Fully Secured By Shares Variable Up to 120 months (monthly pay)
Fully Secured By CD Variable Up to 120 months (monthly pay)
Signature** Personal Loan 9.15% - 16.90% 1 - 24 months
    10.15% - 17.90% 25 - 60 months
Personal Partially Secured 9.15% - 16.90% 1 - 24 months
Signature**   10.15% - 17.90% 25 - 60 months
Household Good*** Purchase and Payoff Only 8.25% - 15.50% 1 - 23 months
    8.75% - 16.00% 24 - 47 months
    9.25% - 17.90% 48 - 60 months

*Annual Percentage Rate

Terms of Repayment Example:
**48 monthly payments of $25.93 per $1,000 borrowed at 11.15%.

***48 monthly payments of $25.76 per $1,000 borrowed at 10.80%

LOAN TERM SUBJECT TO CREDIT APPROVAL.

All loan offers are subject to membership and credit qualifications. Rates are based on several factors including loan type, amount of loan, repayment terms and credit rating so your rate may differ. Other terms may apply. Various terms available. Loans subject to approval.

What to Expect

To apply for a personal loan you will need:

  • Current valid ID (state issued driver’s license or ID card, resident alien card, military ID)
  • Current Address
  • Current Employer, address and employment verification for last 5 years
  • Proof of income upon approval
    • Last 6 paystubs
    • If self-employed, 2 years of tax returns
  • Reference information: name, relationship, address and phone number
  • Amount of credit requested
  • Learn more

Quick Answers

  • Is it necessary to be a member to apply for a GECU loan?*
    You may apply for a GECU loan if you are a member and at least 18 years of age.
    Apply (link to loan applications)

    *Subject to approval. Other conditions may apply.

  • What types of loans does GECU offer?
    We offer a variety of loans* with flexible terms and low competitive rates, including buying a home, purchasing a car or taking that once-in-a-lifetime family vacation. We can even help you refinance** or improve the home you already own.* Apply (link to loan applications)

    * Subject to approval. Other conditions may apply. **Does not apply to existing GECU mortgage loans.

  • Does GECU offer credit cards?
    GECU's Platinum MasterCard® and Family MasterCard® is one of the best and most affordable credit cards around.* For a credit card with lower competitive rates, a 25-day grace period on purchases and no annual fee, GECU’s MasterCard is the one for you. Apply (link to application)

    *Subject to approval. Other conditions may apply.

  • What will I need to apply for a GECU loan?*
    To apply for all GECU personal loans you’ll need the following information:
    • Current valid ID
    • Current Address
    • Current Employer, address and employment verification
      • If less than 5 years with current employer, provide information for last 5 years
    • Proof of income upon approval
    • If self-employed, 2 years of tax returns
    • References
      • Name of relative not living with you
      • Relationship
      • Address
      • Phone Number
    • *Loans subject to approval. Other conditions may apply.

Home Purchase Apply Now

 

Product Description Points Origination Fee Interest Rate Annual Percentage Rate Payment per $1,000 Payments Closing Costs
15 yr Conv - GECU (Purchase)
15 yr Conv - GECU
0.000 1.000% 3.250% 3.778% $7.03 Show Payments and Rates $3,062.17
20 yr Conv - GECU (Purchase)
20 yr Conv - GECU
0.000 1.000% 3.875% 4.293% $5.99 Show Payments and Rates $3,062.17
30 yr Conv - GECU (Purchase)
30 yr Conv - GECU
0.000 1.000% 4.125% 4.430% $4.85 Show Payments and Rates $3,062.17

The actual Annual Percentage Rate (APR) shown in the "Current Rates" section are approximated. The actual APR may differ according to the loan amount, property, and borrower characteristics.

Rates and terms are based on an evaluation of each member’s credit history, occupancy, and loan amount so your rate may differ. The above payment examples do not include Taxes and Insurance, therefore actual payment obligation may be greater.

What to Expect

To apply for a Conventional/FHA mortgage purchase loan you will need...

  • Complete month of pay stubs and/or source of income documents
    • Example: Social Security, pension and/or other benefit award letters
  • Complete tax returns for the last two years (current year extension if applicable)
    • Include W-2 forms
  • Current form of identification
    • Example: State issued driver’s license or ID card, resident alien card, military ID
  • Copy of Social Security card
  • Bank statements, most recent statements covering a 2-month period
  • Verification of vested interest in retirement funds
  • Signed copy of Earnest Money Contract/receipt for earnest money deposit and confirmation that check has cleared
  • VA Purchase Only: Form DD214 (Member Copy 4) or continuous Active Duty Statement on official military letterhead by your Commanding Officer
  • Learn more

Quick Answers

Home Refinance Apply Now

 

Product Description Points Origination Fee Interest Rate Annual Percentage Rate Payment per $1,000 Payments Closing Costs
15 yr Conv - GECU (Refinance)
15 yr Conv - GECU
0.000 1.000% 3.250% 3.778% $7.03 Show Payments and Rates $3,062.17
20 yr Conv - GECU (Refinance)
20 yr Conv - GECU
0.000 1.000% 3.875% 4.293% $5.99 Show Payments and Rates $3,062.17
30 yr Conv - GECU (Refinance)
30 yr Conv - GECU
0.000 1.000% 4.125% 4.430% $4.85 Show Payments and Rates $3,062.17

The actual Annual Percentage Rate (APR) shown in the "Current Rates" section are approximated. The actual APR may differ according to the loan amount, property, and borrower characteristics.

Rates and terms are based on an evaluation of each member’s credit history, occupancy, and loan amount so your rate may differ. The above payment examples do not include Taxes and Insurance, therefore actual payment obligation may be greater.

What to Expect

To apply for a home refinance loan you will need...

  • Complete month of pay stubs and/or source of income documents
    • Example: Social Security, pension and/or other benefit award letters
  • Complete tax returns for the last two years (current year extension if applicable)
    • Include W-2 forms
  • Current form of identification
    • Example: State issued driver’s license or ID card, resident alien card, military ID
  • Copy of Social Security card
  • Bank statements, most recent statements covering a 2-month period
  • Verification of vested interest in retirement funds
  • Existing Homeowners Insurance
  • Existing Mortgage Balance and/or Statement
  • Survey (if applicable)

Additional documents may be requested if applicable

  • Proof of child support for past 12 months, if such income is provided by applicant
  • Divorce decree(s)
  • Learn more

Quick Answers

Home Equity Apply Now

 

Product Comments Interest Rate APR* Approximate Term
Home Equity First Lien Loans 4.250% - 9.250% 5.743% - 10.816% Up to 60 months
    4.750% - 9.750% 5.539% - 10.618% 61 to 120 months
    5.000% - 9.750% 5.555% - 10.388% 121 to 180 months
    5.750% - 9.875% 6.200% - 10.406% 181 to 240 months
    6.125% - 10.875% 6.469% - 11.335% 241 to 360 months**
 
 
  Second Lien Loans 5.375% - 10.875% 6.884% - 12.466% Up to 60 months
    5.500% - 11.000% 6.300% - 11.890% 61 to 120 months
    5.625% - 11.125% 6.190% - 11.790% 121 to 180 months
    6.375% - 11.875% 6.836% - 12.451% 181 to 240 months

*Annual Percentage Rate
**Terms between 241-360 are for First Lien Primary Residence Home Equity Loans only.
Payment Example: 360 monthly payments of $7.43 per $1,000 borrowed at 8.125%.

Rates and terms are based on an evaluation of each member's credit history, occupancy, and loan amount so your rate may differ. The above payment example does not include Taxes and Insurance, therefore actual payment obligation may be greater. Second Lien loans do not require taxes and insurance.

What to Expect

To apply for a home equity loan you will need...

  • Complete month of pay stubs and/or source of income documents
    • Example: Social Security, pension and/or other benefit award letters
  • Complete tax returns for the last two years (current year extension if applicable)
    • Include W-2 forms
  • Current form of identification
    • Example: State issued driver’s license or ID card, resident alien card, military ID
  • Copy of Social Security card
  • Bank statements, most recent statements covering a 2-month period
  • Verification of vested interest in retirement funds
  • Existing Homeowners Insurance
  • Existing Mortgage Balance and/or Statement
  • Survey (if applicable)

Additional documents may be requested if applicable

  • Proof of child support for past 12 months, if such income is provided by applicant
  • Divorce decree(s)
  • Learn more

Quick Answers

Home Improvement (less than or equal to $18,000) Apply Now

 

Product Comments APR* Approximate Term
Home Improvement** Less than or equal to $18,000 9.15% - 16.90% Up to 24 months***
    10.15% - 17.90% 25 to 60 months****
 
10.65% - 17.90% 61 to 84 months*****
Can be for small home improvements for qualified borrowers. Primary Residence Only. 11.15% - 17.90% 85 to 96 months******
   
   
       

Rates and terms are based on an evaluation of each member's credit history, occupancy, and loan amount so your rate may differ. The above payment example does not include Taxes and Insurance, therefore actual payment obligation may be greater. Second Lien loans do not require taxes and insurance.
*Annual Percentage Rate
**48 monthly payments of $26.05 per $1,000 borrowed at 11.40%
***Loan balance up to $2,500
****Loan balance up to $5,000
*****Loan balance up to $10,000
******Loan balance up to $18,000

What to Expect

To apply for an home improvement loan less than or equal to $18,000 you will need:

  • Current valid ID (state issued driver's license or ID card, resident alien card, military ID)
  • Current Address
  • Current Employer, address and employment verification for last 5 years
  • Proof of income upon approval
    • Last 6 paystubs
    • If self-employed, 2 years of tax returns
  • Reference information: name, relationship, address and phone number
  • Loan must be for your primary residence
  • Provide description and written estimate of improvements
  • Learn more

Quick Answers

Line of Credit Apply Now

 

Product Comments APR*
Line of Credit** Checking Ready Credit 16%

*Annual Percentage Rate
**Line of Credits are revolving accounts

LOAN TERM SUBJECT TO CREDIT APPROVAL.

All loan offers are subject to membership and credit qualifications. Rates are based on several factors including loan type, amount of loan, repayment terms and credit rating so your rate may differ. Other terms may apply. Various terms available. Loans subject to approval.

What to Expect

To apply for a line of credit you will need:

  • Current valid ID (state issued driver’s license or ID card, resident alien card, military ID)
  • Current Address
  • Current Employer, address and employment verification for last 5 years
  • Proof of income upon approval
  • Reference information: name, relationship, address and phone number
  • Amount of credit requested
  • Learn more

Quick Answers