BERLIN, Vt. – What is being called the first "virtual" credit union in the industry is now under construction.
L9.com is creating the infrastructure for REALTORS Federal Credit Union, which was formed last year to serve the more than 1.2 million members of the National Association of Realtors of Rockville, Md.
Work has begun on www.realtorsfcu.org, according to Dave Mayette, chief executive officer at L9.com, a CUSO owned by Level 9 of Barre, New England FCU of Williston and Heritage FCU of Rutland. The hosting will be provided by American Technology Services of Fairfax, Va.
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The potential membership is located in all 50 states and will be offered "full services one would expect at a walk-in or drive-in branch, while avoiding the monumental costs of a national branch network," Mayette said.
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