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GECU Community Development

  1. Community Development Story
  2. Don't Pay To Get Your Tax Refund
  3. Take Control of Your Finances
  4. Free Financial Education
  5. Build A Better Tomorrow-Buy Your Very Own Home!

Community Development Story

Community Development Staff

At GECU Community Development our mission is to help families build a stronger financial future. Whether you want to pay off debt, buy a house, or learn how to manage your money-we will support you all the way with products and services that help you get to where you want to be. Together, we're building a brighter tomorrow.

 

Don't Pay To Get Your Tax Refund

Every year, our trained volunteers help thousands of hard-working families and individuals receive their full tax refund, free of charge. Our private and public partners accomplish this through the Volunteer Income Tax Assistance (VITA) program which enables to provide tax assistance like:

  • Electronic tax-preparation
  • Assistance with Individual Tax Identification Numbers
  • Referrals to the Low Income Taxpayer Clinic
  • Workshops on tax rights and obligations

Take advantage of these services and use your tax refund to build a better financial future!
To learn more about the VITA program click here
To learn what documents you need to file your taxes click here
To register as a VITA tax volunteer click here

Host a VITA night at your place of business!

Take Control of Your Finances

If you want to make a budget, buy a home or repair your credit we can help. Use our free financial calculators and worksheets to help plan day-to-day expenses and your long term goals. Our financial coaches can provide credit counseling and help you make a personalized plan to achieve your goals! Schedule an appointment with one of our financial coaches.

 

Financial Calculators and Worksheets

Whether you're ready to purchase a home of your own or plan for a comfortable retirement, these calculators will help point you in the right direction. Applying for a loan? Start here to see how much loan you can afford without stretching your budget.

Loan Calculator
These online calculators are available for mortgage affordability, personal finance, investments, retirement planning and leasing affordability.

Loan Calculator

*You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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Retirement Calculator
How much do you need for retirement? Our retirement calculator will show what you'll need to save each year to reach your retirement goals.

Retirement Calculator

*You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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Savings Calculator
Whether you're planning for something special or saving for a rainy day, our savings calculator can help you develop a manageable plan to meet your needs.

Savings Calculator

*You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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Budget Worksheet
Are you ready to get a handle on your monthly expenses? What about retiring that credit card debt? You're on the road to financial responsibility and independence with our interactive budget worksheet. Budget Worksheet

Mortgage Calculators
How much home can you afford? Is it the right time to refinance the one you're already in? These financial calculators will help you make informed decisions for your housing needs and financial situation.

  • Mortgage Calculators
    • Monthly Payment Estimators

      *You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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      Estimate monthly mortgage payments for any size loan with this handy calculator. Change interest rates, length of loan, even add prepayments if you desire. This calculator also allows you to view or print an amortization schedule of the results.
    • Affordability Calculator

      *You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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      How much house can you afford? Find out quickly by running this calculator, which determines the maximum loan you can expect to qualify for, based upon your income and expenses.
    • Minimum Income Calculator

      *You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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      Calculate the lowest level of income needed to secure a particular home loan. This calculator takes into account a number of options, so you can compare the effects of different loan types on an average mortgage.
    • Prepayment Calculator

      *You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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      Many mortgages allow you to prepay your principal. Run your numbers through this calculator to find out how quickly prepayments can reduce your principal. A few extra dollars a month can substantially reduce the total length of your mortgage term.
    • Refinance Calculator

      *You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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      Use this calculator to decide whether or not this is a good time to refinance your loan.
    • Improve or Move Calculator

      *You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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      Use this calculator to compare the cost of improving your existing home with the cost of buying a new home.
    • Rent v. Buy Calculator

      *You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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      If you are currently renting, use this calculator as a tool to see if now is a good time for you to purchase a home.
    • Biweekly Payment Estimator

      *You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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      Estimate bi-weekly mortgage payments for any size loan with this handy calculator. Change interest rates, length of loan, even add prepayments if you desire. This calculator also allows you to view or print an amortization schedule of the results.

Get a copy of your credit report here:

(https://www.annualcreditreport.com/)

*You will be linking to another website not owned or operated by GECU. The links you may access are for your convenience and are for informational purposes only. Any products and services accessed through these links are not provided or guaranteed by GECU. The sites you visit may have a privacy policy that is different from GECU's. Please review their privacy policy. GECU does not endorse the content contained in any of these sites or the organization(s) publishing these sites and, hereby disclaims any responsibility for such content. GECU does not represent either the third party or the member if the two enter into a transaction.

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Free Financial Education

GECU Community Development offers free financial education seminars for the entire community. Our seminars can help you build your financial skills and reach your goals. We can even bring the seminar to your neighborhood or community center! To attend a seminar or schedule one, contact us today at communitydevelopment@gecu.com or call 915-774-2160.

 See Upcoming Seminars

 

Build A Better Tomorrow - Buy Your Very Own Home!

From planning expenses to buying a home, we can help you build a better tomorrow. When it comes to buying a home, knowing the process is important. Take our Financial Education and Homeownership seminar to learn everything you need to know to buy a home of your own. If you're a first time homebuyer, completion of this seminar may qualify your for up to $26,500 in home purchase assistance*. Get started today! Find a Financial Education and Homeownership seminar near you.

We offer up to $26,500 in home purchase assistance* and have 10 beautiful homes available for qualified borrowers. Homes are available on a first come, first served basis so get prequalified today!

  • With maximum assistance, cost of the homes are $119,500. 
  • Choose floor plan, lot, tile and other customizations. See the floor plans here.
  • All major appliances included.
  • You may also qualify for help with closing costs.

Whether you're buying your first home or your third, we have the resources to help you. Contact us today to get started!

* The Home Purchase Assistance Program is on a first-come, first-served basis, and is subject to credit qualification, income criteria and periods of affordability. The program is part of an NSPII grant from the United States Department of Housing and Urban Development. To be eligible for the program, household income must be at or below 120 percent of area median. (For example, in 2017 to receive up to $26,500 in home purchase assistance and up to 3% of purchase price in settlement costs, a family of four could have a gross income of $62,900 to be eligible at 120% of median income.) The homeownership assistance also includes a minimum period of affordability determined by the amount of assistance a borrower receives: five years for up to $15,000, 10 years for more than $15K to $40K, and 15 years for more than $40K. To be eligible, the borrower must attend a four-day Homeowner Workshop (FEH) from a HUD-approved housing-counseling agency, attend an NSPII orientation at EPAH, and pay a minimum of 3% of purchase price for down payment. Other conditions apply.

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