Since it opened in May 2009, the REALTORS® Federal Credit Union has created quite a buzz, becoming a benefit among National Association of REALTOR® members. The union offers a portfolio of services and products, and was recently rated the fastest growing credit union in the country by Callahan & Associates, a credit union information source.
REALTORS® FCU ranked number one in organic membership growth, which neared 25 percent between June 2010 and June 2011. Over the 12-month time period, REALTORS® FCU also grew its loan portfolio by 10.66 percent. Currently, REALTORS® FCU has 7,501 members with total assets of $77.9 million.
“REALTORS® FCU is one of NAR’s most valued member benefits,” said NAR President Moe Veissi. “Credit union members have access to an assortment of products and services, as well as tremendous rates and fewer fees than with other institutions.”
REALTORS® FCU recently began offering a free mobile banking app for its members; the app is available for iPhone, Android and Blackberry. Eight weeks in, nearly 14 percent of REALTORS® FCU online banking users had downloaded the app, which currently has more than 600 registered mobile users.
“The industry average for mobile banking users after this amount of time is typically between 5-7 percent,” said REALTORS® FCU Executive Vice President & Chief Operating Officer, Jesse Boyer. “REALTORS® FCU surpassed this and we continue to sign up new users every day. Mobile banking allows our on-the-go members to access account information, transfer funds, review transactions and find ATMs from the convenience of their mobile device.”