GEFCU is bringing back Loan Rebates beginning July 12th and ending

August 31st, 2010 for all  loans over $10,000! 

The amount of the rebate is based on the amount of the loan:

$10,000-30,000 the rebate is  $100

$30,001-50,000 the rebate is   $150

$50,001 and greater the rebate is $200

HOW CAN GEFCU SAVE ME MONEY ON MY VEHICLE LOAN?

Even if you are not in the market for a new car, GEFCU can save you money simply by refinancing*.  Getting out of that high interest loan and taking advantage of GEFCU’s great low rates could save you hundreds of dollars over the life of the loan.  While the national average rate for new car loans is 6.37% APR**, at GEFCU, our current rates are as low as 3.25% APR**!  That means that on a 5-year car loan of $20,000, you could save over $1,200 in interest over the life of the loan! Unlike financing from car dealerships, GEFCU offers longer terms, keeping monthly payments low so you can stay on budget.

HOW ELSE CAN MY CREDIT UNION HELP ME OUT?

In addition to helping you with great low rates for new and used cars, GEFCU can help you with all types of vehicles.  Looking to tour the Texas Hill country this summer?  With GEFCU’s low loan rates, you can afford to get that RV or motorcycle you have been dreaming about.  Maybe you have been dreaming of some summer fun at the lake or at the coast.  With GEFCU’s boat loan rate of only 4.00%APR**, you could be on the water in no time with a new fishing boat or jet skis!  Maybe you didn’t know that GEFCU even has great low loan rates for ATV’s, tractors, and trailers.  So no matter how you plan to spend your summer, when it comes to your vehicles, GEFCU is here to help you get the most out of your money.

HOW CAN GEFCU SAVE ME MONEY WITH A HOME EQUITY LOAN? 

Maybe you are planning to stay home this summer to beat the Central Texas heat.  Don’t let your home-- your number one investment-- lose you money.  Have you been putting off

repairs and energy saving upgrades because you didn’t think you could afford them? With GEFCU’s Fee Free^*** home equity rates as low as 4.35% APR** you can keep your house well maintained -- helping to avoid more expensive repair costs down the road-- and running efficiently --saving you money every month on your energy bills!  Even if your house is in perfect condition, a GEFCU home equity loan could save you thousands of dollars. How?  If you have enough equity built up, you could refinance your original higher interest mortgage with a GEFCU home equity loan. When you refinance your home, you can  borrow up to 70% of the appraised value of the home, so, you could potentially take out equity to make improvements and still have lower monthly payments!  Stop by any of our branches to let one of our helpful loan officers help you find the best deal for you and your family, or simply use the handy loan calculator tool on our website www.gefcuaustin.org to find the best way GEFCU can help you make the most of your money this summer!

* Applies only to vehicles financed at other institutions. ** Annual Percentage Rate, rates subject to change without notice   ***GEFCU will waive all closing costs for Home Equity loans greater than $25,000