Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
CUNA Online CU expands cooperative reach
WASHINGTON (11/10/08)—The Credit Union National Association (CUNA) welcomed the announcement Friday that Realtors FCU, headquartered in Rockville, Md,, was granted a charter to serve members and employees of the National Association of Realtors (NAR). Realtors FCU will operate as an Internet-based credit union without physical branch locations. The credit union plans to offer a wide range of products and services, to include share drafts, ATM services and debit cards, Internet banking and electronic bill-paying, courtesy pay, mortgage and home equity loans, and an audio response system. The credit union will have a national field of membership. “CUNA offers its warm welcome and hearty congratulations to the National Association of Realtors on its success in establishing a credit union for its members,” declared CUNA Preisdent/CEO Dan Mica. “The technological innovation that will allow the new Realtors FCU to provide online credit union access to its 1.2 million members across the country is laudable in that it expands the reach of cooperative financial institutions. “NAR has worked diligently on its members’ behalf to join the more than 90 million Americans who, as members of 8,000 state- and federally chartered credit unions, enjoy the status of member-owners of their financial cooperatives.” In announcing the NCUA’s approval of the charter, Chairman Michael Fryzel said: "The real estate industry fills an essential front-line role in America's economic life, and the choice and flexibility afforded to NAR members by access to credit union service makes this a logical endeavor. Their efforts to enhance the value of membership through this new credit union are commendable." The charter is due to be presented this morning at the NAR annual convention in Orlando. Tom Dorety, is president/CEO of Suncoast Schools FCU, Tampa, Fla., is scheduled to attend the presentation on behalf of CUNA as its chairman.


RSS





print
News Now LiveWire
Maine credit unions put Food Mobile on the road to relieving hunger in rural areas http://t.co/R0xpt6BAZE
14 hours ago
.@TheNCUA's Matz: PALS should be exempt from Military Lending Act proposal #NewsNow http://t.co/Vy9uNhOIEr
15 hours ago
#NewsNow Iowa loan growth 3 times national bank rate http://t.co/fUvudPLg5d
17 hours ago
.@ICBA tallies its Home Depot data breach costs: $90M, 7.5M cards http://t.co/iJgRDC2AKZ
18 hours ago
.@icul's Jury elected treasurer of @WOCCU exec committee http://t.co/HEF1UChN8f
19 hours ago