SOURCE: National Association of Realtors
WASHINGTON, DC--(Marketwire - Aug 6, 2012) - On August 1, Realtors® Federal Credit Union merged with Northwest Federal Credit Union to better serve its members. Members of the Realtors® Federal Credit Union, now a division of Northwest Federal Credit Union, have greater access to service centers, financial loans, banking services and much more.
"As the fastest growing credit union in the country last year, the Credit Union proved to be a crucial business advantage for Realtors®," said Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. "This merger will continue to add benefits and services for credit union members while providing services and products that meet the specific needs of the National Association of Realtors® members and their families."
Northwest Federal Credit Union is a $2.2 billion credit union headquartered in Herndon, Va., with a 65-year history of financial strength and stability. Credit Union members now have access to Northwest Federal's six Northern Virginia branch locations and 4,600 shared branch service centers nationwide, fee-free business checking and debit cards, mortgage loans, commercial real estate loans, business lines of credit and more. Access to members' accounts, including account number(s), user name and password, convenient online banking, Member Care Center and website services will remain unchanged.
"We're excited about this merger and the opportunity to provide NAR's Realtor® members and their families with a greater variety of personal and business products and resources that will help them achieve their unique financial goals; that could not have been achieved for several more years at our present RFCU growth rate," said 2002 NAR President and Realtors® FCU Chairman of the Board, Martin Edwards, Jr., CCIM, from Memphis, Tenn. "While members can still enjoy the benefits of an Internet-based Credit Union, the merger with NWFCU will not only expand virtual access, but also allow in-person financial transactions."
All Realtors® and their families, as well as NAR's institutes, societies and councils, are eligible to become Credit Union 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® Federal Credit Union, a Division of Northwest Federal Credit Union, is a member benefit offered by NAR and is a partner in the REALTOR Benefits® Program. NAR's 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. For details, please visit www.REALTORSFCU.org or call Member Care at 866-295-6038.
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.
Information about NAR is available at www.realtor.org. This and other news releases are posted in the "News and Commentary" tab on the website.