Credit Union News and Events
Vacation Loan Special
Is a family vacation on the "to do" list this summer? If not, it can be with our new Vacation Loan Special! You may borrow up to $2,000 for 18 months at a low, fixed rate of just 9.9% APR. We know vacations can be expensive, and we are here to help make it a little easier! Vacation loans are a limited time offer available until 07/31/19. You may apply in person, over the phone or online now.
Youth Summer Savings Program
It's summertime, which also mean it is saving-time at the Credit Union! Here's how it works: The goal is to get kids to save 3 times during the summer (June 1st to August 31st). The first and second time they save, they will receive a fun, summer-themed prize. The third time they save, they will get rewarded with a $5 Whitey's gift card!
New this year, to keep the fun going for older kids (ages 12 and up), they will be entered to win a $100 Visa gift card each time they save during the summer!
KOFE Resource Now Available for Members
We are happy to announce we have partnered with KOFE (Knowledge Of Financial Education) to offer our members additional tools and resources to improve your financial wellness. KOFE offers a ton of great resources including:
Check out KOFE here. You will need to create a username and password initially, but we hope to have it available as a single sign on though Online Banking very soon!
Now Offering Payday Alternative Loans (PALs)
We all know that payday loans are rarely a good idea, but we also know life happens. Payday loans often solve the problem in the short term- getting the cash you need, however they tend to make the situation worse in the long run. Did you know that most payday loans are due in full within 2 weeks and average an APR of 391%? The typical borrower will end up paying over $500 in fees. As your Credit Union, we want to be able to offer our members a better alternative- to help end the cycle of payday loans. That is why we are now offering PALs or Payday Alternative Loans.
To be eligible for a PAL- you must meet the following criteria:
- Be a member at the Credit Union for at least 6 months.
- Be employed for at least 6 months.
- Receive your direct deposit at the Credit Union.
As long as you meet these 3 simple requirements, you are eligible for the loan. There is no credit report pulled. Upon application, member may be approved for up to $1,000 for the initial request and may be increased upon request later. The loan charges a $25 fee and is financed at a rate of 21% APR.
PALs can also be a useful tool for building stronger credit. While most other loans all require a credit score, PALs do not and therefore give members with lower credit scores an opportunity to show credit worthiness. Apply for a PAL now.
Sign Up Today for our Text Notifications!
Everyone is texting now, and your Credit Union is no exception! Sign up to get notified about special event reminders, deals, Holiday or weather-related closings, and other updates. Simply text GECU to 474-747. You will receive a text back with a link that will request your cell phone number and your name or simply sign up here!
Normal messaging and data rates apply. You may text STOP to cancel anytime.
Member Referral Rewards
Love the Credit Union? We hope so! Why not share the love by referring a family member or co-worker? Plus, did you know that when you do, you can earn $25 for each referral? Not only that, but the new member gets $25 as well! Here's how it works: Give a Member Referral card to the prospective member OR simply have them tell us you sent them when they join. Then, once the new member opens a checking account with direct deposit, you'll both get $25. It's that easy. There's no limit to the number of members you can refer!
Membership at Gas & Electric Credit Union is open to all MidAmerican Energy, BITCO, City of Rock Island, Illinois Casualty, Thomas Hammar, and Rock Island Corps of Engineer, Stecker Graphics and Friendship Manor employees, retirees and their family members.
Find Us Almost Everywhere with Shared Branching!
Out of town and need to visit the Credit Union? Not a problem! We are a part of the Shared Branching Network of Credit Unions- which gives you access to over 5,000 branches nationwide! Here's how it works- first you find a location. You can do so by using the online locator available here or through our mobile app. Then, when you visit the desired branch, you simply give them our Credit Union name, your account number, a valid government issued ID and the last four digits of your social security number. You can access funds, transfer money, deposit checks, make payments and more!
In partnership with IH Mississippi Valley Credit Union, we are now happy to offer some additional perks for Gas & Electric Credit Union members! Simply show proof of membership (such as your debit card) to receive your discount.
QC River Bandits: Enjoy BOGO (buy one, get one free) tickets to all QC River Bandits regular season home games. Tickets inlcude seats in the berm, bleachers, lower box and upper box.
Free Swim July: Buy one admission, get one free at select area swimming pools in July! Participating pools include: DeWitt Aquatic Center, East Moline Municipal Pool, Lakeside Water Park, Oasis Family Aquatic Center, Milan Sprayground, Riverside Pool, White Water Junction, and Splash Landing.
Love my Credit Union: Save with exclusive discounts JUST for Credit Union members- visit www.lovemycreditunion.org
Wisconsin Dells: Save 25-35% on attractions in the Dells when you use this coupon .
Adventureland: Download and print the discount fun card - or simply display it on your smartphone.
Visa Checkout- Shop Online Easier!
Love shopping online but hate having to fill out billing, shipping, and payment information necessary to check out? We have a convenient, new solution for you– it’s called Visa Checkout and here’s how it works: Go to visacheckout.com. You’ll need to create an account– filling out all of your billing and shipping information along with your Credit Union Visa credit card number– just once.
Then, the next time you’re shopping online and you start the checkout process, just look for the Visa Checkout logo. You’ll just need to login where you see the logo and you’re done! Visa Checkout will do all the work of relaying your pertinent information securely to the online retailer and you’ll be on your way– along with your online purchases! It’s the quick and easy way to shop online.
There are hundreds of online retailers that offer Visa Checkout, with more growing each day. In addition to added convenience, you can enjoy some great discounts just for using Visa Checkout. Once you login to Visa Checkout, you can view participating retailers as well as a current listing of special offers available.
Visa Purchase Alerts
Want to be alerted when your Credit Union Visa is used overseas or online? How about when a purchase amount exceeds a set amount? You can do that! Simply register your card today, and you will receive either text or email alerts regarding your Visa. Stay on top of your account activity and stop fraudulent activity immediately with Visa Purchase Alerts!
Deposit Your Check with Your Phone- For Free!
Have you downloaded our new app yet? It's fully upgraded with great features to transfer funds, make payments, AND deposit checks! That's right- you can deposit a check with your phone. Additionaly, we are now offering this service FREE to our members. Avoid the hassle of having to run to an ATM or into the Credit Union with this handy app. To get started, you must first download our new App. Simply search for GECU Mobile in the Apple App store or Gas & Electric Credit Union Mobile Banking in the Android market .
To deposit a check, you'll simply need to select the "Deposit Check" feature and take a picture of the front and back of the check. That's it! Please review our complete FAQ on Mobile Deposit , and if you have any questions, please do not hesitate to contact us.
Get Social with Us!
Love us? We hope so! Then why not "like" us on Facebook or follow us on Twitter (GasElectricCU) or Instagram (GasElectricCU). It will keep you up to date on all the Credit Union happenings and promotions PLUS we do frequent drawings for gift cards and tickets to local events and attractions!