WASHINGTON – The National Association of Realtors was today granted a federal charter for its own credit union.

Realtors FCU will operate as an Internet-based CU without physical branch locations. It will serve the 1.2 million members of the NAR.

Realtors FCU will offer full deposit and financial services, including personal savings, personal and business checking, direct deposit, Money Market Accounts, certificates of deposits and IRAs. All loan options will also be available, including a new REALTOR Start Up Loan (up to $50,000), mortgage loans, HELOCs and business and investment property loans.

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