NOW OPEN – The New GCEFCU Katy Branch
The credit union just for Texas educators and school employees is now in the Katy area!
27252 Katy Freeway
Katy, TX 77494
The GCEFCU Katy Branch
About Gulf Coast Educators FCU
Trusted by Texas Educators since 1948
Gulf Coast Educators FCU is a credit union dedicated to serving the financial needs of educators and school employees in the state of Texas. Here you will find all the same products and services of a big bank, designed specifically for school employees. Check out some of our most popular products below.
- ✔ Texas Educators Rewards Credit Card. – Available to all school employees who qualify. Earn rewards by shopping at all your favorite places and pay 0% APR* for your first 6 months. Learn More.
- ✔ Teacher Mortgage. – School Employees can finance a new home up to 103%, with no down payment or PMI required. Learn More.
- ✔ Auto Loan Discounts. – Get up to 1.00% off your APR* when you finance or refinance your car loan. Learn More.
- ✔ Dollar Up Account. – Link your GCEFCU debit card to a Dollar Up Savings Account, and have the extra change from your transactions automatically transferred to a savings account. Learn More.
- ✔ Mobile App. – Get 24/7 access to your funds using our top rated mobile app. Learn More.
Katy ISD employees who open their new GCEFCU membership with a savings and checking account between December 1 – December 31, 2021 online by entering the promo code KATY50 or in person at the Katy branch will receive $50. Promo code “KATY50” must be used when opening account online. If opening membership in person at a GCEFCU Katy location, must mention KATY50 offer. Offer available only for current Katy ISD employees who do not already have a GCEFCU membership. Proof of employment may be required. Must open savings and checking account to qualify. A minimum deposit of $1 is required to open and maintain a membership. If new member qualifies for this promotion, GCEFCU will deposit the initial $1 into their primary savings account upon opening membership.
The $50 incentive will be deposited directly into the member’s new savings account within 8-10 business days after opening new membership. Account must remain open for a minimum of 6 months with a minimum balance of $1 and must have had activity since account opening date. If account is closed before 6 months or is inactive at the 6 month date, GCEFCU reserves the right to close the account and member forfeits the $50 incentive. If warranted, 1099 forms will be issued the following January. Promotion cannot be combined with other incentives such as the credit union’s Refer a Friend program. GCEFCU reserves the right to cancel this promotion at any time for any reason.
0% Interest Rate for Your First 6 Months with a GCEFCU Credit Card:
*APR=Annual Percentage Rate. Earn 0% APR* on all new purchases and balance transfers to a new GCEFCU credit card for six months, beginning from the date of opening your card. After six months, your rate will convert to a standard APR* of 6.99% – 18.00% APR* based on your credit score. This offer does not automatically approve you for a GCEFCU credit card. GCEFCU reserves the right to cancel this promotion at any time, for any reason.
To apply for a Teacher Mortgage Loan at least one applicant must be a current teacher or school employee for at least 2 consecutive years in a Texas school district. All applicants must have a credit score of 680 or higher and a 43% debt-to-income limit. Maximum loan amount is $250,000 for single applicants and $400,000 for joint applicants. Applicants may finance up to 103% LTV. Additional 3% is to be utilized for closing costs only – No cash back and no “coverage” for a lower appraised home permitted. This program is intended for primary residences within the state of Texas only, not vacation homes or investment properties. Other conditions may apply.
*APR=Annual Percentage Rate. Maximum discount is 1.00% for Auto, Boat, Motorcycle, and RV/Travel Trailer loans, and 0.75% for personal loans.