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Special Services
- Optional Insurance Benefits
- Credit Life Insurance
- Credit Disability Insurance
- Depositories
- Financial Counseling
- Other Special Services
| Optional Insurance Benefits |
| GECU offers two optional loan protection benefits to provide you and your family peace of mind in the event of death or disability. |
| Credit Life Insurance |
| Optional, low-cost Credit Life Insurance is available on all GECU loans except Mortgage Loan products. This coverage insures loans up to $50,000 with repayment terms of 240 months or less. In the event of your death, your loan will be marked "paid in full," relieving your family or co-signer of your debt. |
| Credit Life Insurance is available to members who meet the "working member" requirement. Single and joint coverage is available. You may purchase this insurance at the time you originally borrow the money or you may add it at a later date. Premiums are calculated based on the outstanding loan balance each month and then added to the loan. |
| Benefits are applied directly to the insured loan balance(s) and finance charges stop accruing on the member's date of death. Maximum age limit is 70. |
| Credit Disability Insurance |
| In addition, low-cost Credit Disability Insurance is also available for the primary member applying for the loan. The maximum coverage is $50,000 per loan. The maximum disability payment per loan is $750 per month, up to 120 months. |
| This optional protection is available if you are working for wages or profit at least 25 hours a week. Benefits begin on the 15th day of disability and continue until you return to work, the maximum term of 120 months has expired, or your loan is paid in full. The low monthly premium is calculated based on the outstanding loan balance each month and then added to the loan. Maximum age limit is 66. |
| Depositories |
| Night Depositories are available at all GECU locations. |
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If you leave a deposit in the night depository after 12:00 noon Monday through Thursday, we will consider the deposit made on the next business day. Deposits left after 12:00 noon on Friday or Saturday will be posted the following Monday or next business day. (No Saturday collection at Federal Building) |
| SmartDrop is available at all GECU locations. |
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| ATM Depositories are available at all GECU ATMs. You must use your ATM Card to access the depository. |
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Deposits left at GECU ATMs Monday through Thursday after 12:00 noon will be posted the next business day. Those left after 12:00 noon on Friday or at any time on Saturday, Sunday or a holiday will be posted the following Monday or next business day. |
| Financial Counseling |
| GECU offers free financial counseling to help members learn the fundamentals of budgeting and finance. Our objective is to help members learn successful habits and avoid financial difficulty. We'll work with you, and if need be, with your creditors to develop a budget you can live with and help preserve or strengthen your credit history. |
| To schedule a confidential appointment, call 774-1757. |
| Other Special Services |
| IRNet International Wire Transfers |
| Low-cost coin sorter machines in lobbies |
| Automatic payment of bills (mortgage payments, utilities, insurance premiums) |
| Barter Tree in lobbies for members to sell items |
| Notary Services |
| Safe Deposit Boxes |
| Signature Guarantees |
