WASHINGTON, D.C. — The National Association of Realtors maycharter a federal credit union to provide a variety of services toits 1.2 million members, including health savings accounts andretirement planning.
|NAR CEO Dale Stinton reportedly presented the idea to directorsrecently as part of a larger package of initiatives that alsoinclude forming a technology corporation to develop applicationsfor the real estate industry, a new Web site and a fund to respondto potential threats from Capital Hill.
|NAR spokesman Lucien Salvant told Credit Union Times,“We are exploring the formation of a credit union but have reachedno decision yet. It was proposed as part of a package of plannedinitiatives, some of which have moved forward; this one hasn't yet.The next meeting of the Board will be in November,” he said.
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