Are you thinking of buying a new home or mortgage refinancing with Gwinnett Federal Credit Union? How does Gwinnett FCU stack up to the best mortgage companies when it comes to competitive purchase and refinance rates? Here’s my unbiased review of Gwinnett Federal Credit Union interest rates, services and fees to help you avoid leaving cash on your lender’s table.
Gwinnett Federal Credit Union
Gwinnett Federal Credit Union is a member-owned financial cooperative serving Northeast Georgia.
Should you trust Gwinnett Federal Credit Union with your next home loan?
Gwinnett Federal Credit Union Profile
Founded in 1961, Gwinnett Federal Credit Union is a non-profit member-owned financial cooperative. According the NCUA, Gwinnett has 34,346 members and $185,031,450 in assets. Their members are primarily educators, although membership is also open to employees of a select group of employers.
If you live, worship, go to school or work in Athens-Clarke County, Barrow, DeKalb, Gwinnett, Jackson, Oconee, or Walton County Georgia you are eligible to join. There is a $25 minimum deposit and a $5 Patriot Act Recovery Fee (whatever that is) required to open an account.
Gwinnett FCU Contact Information
toll-free: (855) 889-4328
Gwinnett Federal Credit Union
875 Oak Road
Lawrenceville, GA 30044
Gwinnett Federal Credit Union Review
The website offers a full-range of services including online banking. Aside from the pea-green color scheme, information is fairly easy to navigate. Purchase and mortgage refinance loans are available through Credit Union Financial Services. CUFS is a separate company owned by five Georgia credit unions.
Home loans are available to members of Excel Federal Credit Union, GEMC Federal Credit Union, Gwinnett Federal Credit Union, Members First Credit Union and Pinnacle Credit Union.
Purchase and refinance rates are published on the Credit Union Financial Services website at www.cufs.org. They offer FHA loans in addition to conventional (conforming) fixed and Adjustable Rate Mortgage (ARM) loans.
Fixed rate term lengths vary from 10 to 30 years and there are 5/5 Adjustable Rate Mortgages as well as FHA home loans. Interest rates published were slightly higher than I’ve seen from others including Navy Federal Credit Union. The Annual Percentage Rate was published next to the mortgage rates; however, I was unable to find a fee disclosure on the website.
(Very bad for a credit union)
Do you have an opinion or an experience with Gwinnett Federal Credit Union that you’d like to share? Please leave a comment below!
The best credit unions reviewed here offer full disclosure of all fees including a zero or low-cost loan origination fee. I’ve seen mortgage loan origination fees as low as .25 percent. Remember that the fees you pay when buying your home or mortgage refinancing make or break the deal you’re getting. The more you pay at closing the less benefit you’re getting from today’s low mortgage rates.
You can learn more about getting the best deal for your next home loan by avoiding unnecessary discount points and lender fees by checking out my free Underground Mortgage Videos.