LAS VEGAS — By an overwhelming voice vote here during its annual meeting last Friday Nov. 16th, members of the National Association of Realtors approved the formation of REALTORS Federal Credit Union to serve realtors, the staff of realtor organizations and their families. The NAR board approved a $10 million grant as seed money to start the CU, with another $5 million supplemental grant available anytime in the next five years if needed.

The NAR had been researching the chartering of a credit union for 20 months and two separate task forces conducted extensive survey research. NAR members were surveyed via mail, phone and the Internet. NAR member agents and brokers, Association Executives and MLSs and nonmember real estate licensees were included in the surveys to test interest in joining a credit union. In all cases, interest and enthusiasm was very high.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.