REALTORS(R) Federal Credit Union Opens for Business

WASHINGTON, DC -- 05/13/09 (allCUnews) -- Real estate professionals have unique financial and cash-flow requirements, and with the launch of the REALTORS® Federal Credit Union at the Realtors® Midyear Legislative Meetings and Trade Expo here this week, Realtors® now have a banking resource that was designed specifically with their needs in mind.

"Just as Realtors® add value to the real estate transaction, we wanted to add value for our members," said National Association of Realtors® President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. "Realtors® work tirelessly to help their clients, and RFCU makes that same commitment to Realtors®, giving them the convenience, accessibility and financial services they need, whenever they need it."

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 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 that offers 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.

Owned by its members and directed by an elected volunteer board, RFCU earnings accrue to the benefit of the credit union's members, not stockholders.

"The member-owned RFCU is dedicated to helping Realtors® manage their everyday finances as well as to prepare for the road ahead." said Thomas A. Glatt Sr., RFCU chief executive officer.

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.

For more information regarding services, benefits and membership requirements, visit RFCU's Web site at www.REALTORSfcu.org [1].

RFCU is a member benefit offered by NAR and its REALTOR Benefits® Program. The REALTOR Benefits® Program offers practical solutions for Realtors® on the products and services they use every day. The program includes offerings from nearly 30 companies, in a variety of categories, recognized as leaders in their respective industries.

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.realtor.org [2]. News releases are posted in the Web site's "News Media" section in the NAR Media Center.

REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.

For further information contact:
Stephanie Singer
202/383-1050

Kristin Stafford
312/329-8628