Credit Union Merger Expands Benefits for Realtors®
WASHINGTON (May 21, 2012) – Realtors® Federal Credit Union members now have access to expanded financial and banking resources as a result of a merger with Northwest Federal Credit Union.
"The National Association of Realtors® is a Realtor's® business advantage," said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. "This credit union merger helps us continue to provide products and services that meet the specific needs of NAR's Realtor® members and their families."
Effective immediately, Realtors® FCU members will be able to take advantage of NWFCU's full suite of consumer and mortgage loan offerings, including student loans, vehicle loans, first mortgage loans, home equity loans, as well as business loans and business account products.
"Realtors® FCU was the fastest growing credit union in the country last year," said Realtors® FCU Chairman of the Board Martin Edwards. "This merger with Northwest Federal Credit Union will allow NAR's Realtor® members and extended family to continue to enjoy the benefits of virtual 24/7 access while expanding access products and resources that will help them manage, build and grow their personal and business financial futures. The Realtors® FCU brand will continue to serve its members as Realtors® Federal Credit Union, a division of Northwest Federal Credit Union."
While Realtors® FCU was Internet-based, the merger with NWFCU will not only expand virtual access but also will allow in-person financial transactions. In addition to its seven branch offices, NWFCU participates in the Credit Union Family shared branch network, which provides nearly 4,600 locations across the country.
"NAR created Realtors® FCU in 2008 as a world-class member benefit," said NAR CEO Dale Stinton. "Four years later, we're excited about this merger because it will enhance those benefits and continue to serve the unique financial services needs of our Realtor® members."
All Realtors® and their families, as well as NAR's institutes, societies and councils, are eligible to become Realtor® FCU members. NAR staff and the staffs of state and local Realtor® associations and boards and their families are also eligible, as are employees of multiple listing services and any Realtor®-owned businesses.
Realtors® will continue to have a voice in their credit union through participation on the NWFCU Board of Directors and on a Realtor®-centric advisory committee to the Board.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.