After a soft launch on May 1, REALTORS Federal Credit Union, a virtual-only financial institution, is officially open for business.
The credit union's lineup includes money market savings accounts, no fee, e-checking with debit cards, personal loans and credit lines, real estate loans, share certificates and 24-hour online account access.
REALTORS FCU in Rockville, Md. has partnered with 30 vendors to make the Internet-based credit union a reality, said Tom Glatt, president/CEO of the financial institution.
Chartered in November 2008, the credit union serves the National Association of Realtors, a trade association representing 1.2 million members. The credit union will be signing on new members at the group's legislative meeting and trade exposition in Washington this week. Nearly 6,000 people are expected to attend.