The National Association of REALTORS® Federal Credit Union was ranked as the number one credit union with the fastest growth in membership from June 2010-June 2011, according to Callahan & Associates’ 2012 Credit Union Directory.

Callahan & Associates indicates credit unions grew membership rosters by 0.59 percent as of June 2011, bringing the total credit union membership base to 92.3 million. That number actually increased since Bank Transfer Day on November 5, 2011, the day designated for people to switch from commercial banks to not-for-profit credit unions in protest of increasing bank fees.

The REALTORS® Federal Credit Union is a unique special member benefit that offers REALTORS® a banking resource designed specifically for REALTORS®. REALTORS® and their families are eligible to become RFCU members, as are NAR staff and the staffs of state and local REALTOR® associations and boards, and their families.

Open 24 hours a day, seven days a week, the Internet-based RFCU is designed to accommodate REALTORS®’ busy schedules. RFCU offers access to thousands of surcharge-free ATMs nationwide, secure online banking and bill pay, safe deposits, affordable loans and trusted advice. Some of the many benefits include money market savings accounts, no-fee eChecking with debit cards, personal loans and credit lines, real estate loans and credit lines, share certificates, 24-hour online account access, and 24-hour Member Care support by phone or online. RFCU offers competitive interest rates on both savings and lending, and funds are federally insured to at least $250,000 and backed by the full faith and credit of the U.S. government.

RFCU is owned by its members and directed by an elected volunteer board. SILVAR member Jeff Barnett, vice president and regional manager of Alain Pinel Realtors, is the current board treasurer. “I would urge every member of SILVAR to look into this special member benefit. The RFCU offers exclusive rates and offers products available only to members,” said Barnett.

For more information regarding services, benefits and membership requirements, visit RFCU’s website at www.REALTORSfcu.org. 

 

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