09 Jun

Conveniences of RMLEFCU

Conveniences of RMLEFCU

At Rocky Mountain Law Enforcement Federal Credit Union, members not only get to enjoy low rates and great service, but we strive to be on the cutting edge of banking technology. Take advantage of our many conveniences such as mobile and online banking, shared branching, courtesy pay, mobile check deposit, and more!

Online Banking

With RMLEFCU, your bank account is never more than a click away. Online banking is free, secure, and easy-to-use. Anywhere with internet access you can log on to your account to:

  • Access eStatements
  • View transaction history
  • Check account balances
  • Complete funds transfers
  • And more!

Another great convenience made possible by online banking is online bill pay. With your RMLEFCU checking account, set up one time or recurring bill payments to any person or business in the country.* This service is available 24/7 and will send email alerts directly to your inbox. No need to keep mailing the same check each month, set up bill pay and let your bills pay themselves!

Mobile Banking

With mobile banking, all your main transactions just got even easier to reach; in the palm of your hand! RMLEFCU mobile banking is fast, free, and secure for every member enrolled in online banking. With the mobile app (available for iPhone or Android) you can:

  • View account balances
  • Review history
  • Deposit checks
  • Transfer funds between accounts
  • Pay bills
  • Make loan payments

Don’t ever get to the checkout line, watch the total start to rapidly climb, and stress if you have enough in checking to complete the transaction. With mobile banking, you can quickly transfer the needed funds before the moment of truth – potential embarrassment avoided!

Shared Branching

Myth: Local Credit Unions are inconvenient because if you ever travel, you are out of luck if you need to visit a branch.

Myth busted! Rocky Mountain Law Enforcement FCU has 5,000+ shared branching locations in the United States.

RMLEFCU has joined with other credit unions around the world in a cooperative effort to bring you a new level of financial convenience. Through the CU Service Centers Network you can perform many of your financial transactions and obtain services even when you’re far away from your home branch!

As of February 2011, there are currently 190 credit unions in the State of Colorado participating in the Shared Branching program and 5,000+ locations within the United States. And that number is growing every day. We even have international Shared Branching Service Centers.

Isn’t it nice to know that you have easy access to your money when you are on vacation or if an emergency arises that takes you out of Colorado? Find a participating branch near you here or call 1-800-919-CUSC (2872).

Services Offered

Because a CU Service Center is a “shared” facility, members of participating credit unions can transact teller business, such as:

Some of these services may not be available at all locations.

  • Deposits
  • Withdrawals
  • Money orders
  • Transfer funds
  • 24-hour ATM access
  • Loan payments & advances
  • Balance inquiries on all accounts
  • Statement printouts on all accounts for the past 10 days
  • Purchase cashiers & certified checks

You can expect to pay a nominal fee* on the following items at service centers:

  • Service center checks
  • Checks deposited in excess of 10 checks
  • Money orders
  • Stop payments on counter checks
  • Notary service
  • Coin machine

NOTE: CU Service Centers may limit the amount of cash you can withdraw per day, regardless of RMLEFCUs withdrawal limit.

What You Will Need

You need these things when you visit a CU Service Centers Location:

  • Credit union name: Rocky Mountain Law Enforcement FCU
  • Your account number (without dashes)
  • A VALID U.S. Government issued picture identification with signature
  • Last 4 digits of your Social Security Number

Have these items ready to present to the teller. This will save you time and will help us with serving you. All transactions require identification because the CU Service Centers Network cares about protecting your identity and account information.

If you have questions regarding your account or transactions that were performed through the CU Service Centers Network, please contact us.

Courtesy Pay

Courtesy Pay is a free service that works as an emergency source of cash. If you do not have an Overdraft Protection Loan, Courtesy Pay will allow check, debit and ACH items to be paid by allowing your checking account to go into the negative, rather than returning the overdraft item.

Courtesy Pay will allow items to be paid up to $1,000. When paying the item, your checking account will go negative and you will be expected to pay the negative balance back within 30 days in addition to a fee of $28. This protects against mistakes made, or if you simply overdraw your balance. Courtesy Pay prevents collection agency fees and other associated fees and may help clear an important item such as a house payment.

Mobile Check Deposit

Deposit checks without ever setting foot in a branch! Mobile deposit uses your smartphone camera to make deposits in just a few quick clicks. No changing out of your sweats or human interaction necessary.

It’s free, secure, and easy to use. Save yourself some time — take advantage of this convenient mobile banking feature today.

  • Deposit checks anytime, anywhere from your mobile phone
  • Free service for customers with a Rocky Mountain Law Enforcement FCU checking account
  • Save time and avoid unnecessary trips to a branch
  • Deposit your check in just a few quick clicks.

Getting started is easy! Simply download the app for iPhone or Android and follow these steps:

  • Take a picture of the front and back of your check, following the on-screen instructions (make sure you sign it)
  • Select the checking account into which you want to make the deposit
  • Enter the check amount
  • Verify that everything on the screen is correct, then hit “Submit”
  • We’ll confirm that the check has been received

Apple Pay/Samsung Pay/Visa Checkout

Carrying around a wallet full of plastic can put in quite a bind if that wallet is lost or stolen. Connect your RMLEFCU checking account to a mobile payment app such as Apple Pay, Samsumg Pay, or Visa Checkout and have your virtual “debit card” password protected! A huge number of stores and restaurants now accept mobile payments, so you can leave the plastic at home.

Make banking easy, and dare we say it, fun. With RMLEFCU’s many convenient ways to bank, there is no need to fight traffic or even get dressed to perform your basic CU transactions.

*Some restrictions apply. Alimony, court, and certain government payments may not be made using the online bill pay service.

22 Mar

Credit Card Comparison Shopping

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Don’t Get Suckered into High APR* Credit Cards with Enticing Rewards

Unless you’ve been living in Siberia, you’ve inevitably heard advertisements for credit cards. Maybe you’ve seen a smiling Jennifer Garner or a smooth talking Samuel L. Jackson chatting about cash back rewards. Regardless of the spokesperson, credit card companies try to entice you with travel reward bonuses or cash back bonuses and they always close with a catchy tagline like “What’s in Your Wallet?”

Our catchy tagline: Keep more of your money with the RMLEFCU Visa. (Maybe it’s not that catchy after all, but it is true.) Keep reading to learn more.

Credit Card Comparison:

It seems like a great deal right? Spend money that you would be spending regardless on your credit card to get rewarded with travel. The cold hard truth is that it takes so much spending to get you to the level of redemption, you would be better off checking Kayak or other travel websites to get a better deal on flights and hotels. Furthermore, miles are not really miles. They’re points that are redeemed at 1 cent per dollar spent.

Let’s use the simplest example: a one-point-to-one-cent ratio, which happens to be Capital One Venture Cards’ ratio. In such cases 100,000 points can buy you $1,000 worth of airline tickets. Do you spend $100,000 a year on your credit card? Yeah, us neither.

There is a tradeoff for those “perks.” Take advantage of them, but if you ever carry a balance, be prepared to pay 19-25% APR for your purchases. Yowza! That would easily and quickly negate any rewards. Thanks but we’ll keep our lower APR and buy our tickets through discount websites.

Here at Rocky Mountain Law Enforcement Federal Credit Union we offer a Classic Visa®, Platinum Visa® Select, and a Platinum Visa® with uChoose rewards. Read More

04 Jan

3 Ways to Pay Off High Interest Credit Cards

Did your holiday excesses extend to all aspects of your life? If so, we have a few suggestions about how you can pay down your high interest credit cards.

  1. Free cash advances on RMLEFCU credit cards*

    – Normally a credit card company would charge a fee of 3-5% of the amount of cash you withdraw. With RMLEFCU it is free. Use this cash to pay down another card or an outstanding bill.

  1. Free balance transfers onto a RMLEFCU credit card*

    – This is a great member benefit since 3% of the amount you are transferring is usually the price you pay for transferring a credit card balance.

RMLEFCU has three different credit cards to choose from.

  • Classic Visa®
  • Platinum Visa Select® – 7.25% APR*.
  • Platinum Visa® – 12.75% APR* by visiting UChooseRewards.com

The idea behind a balance transfer is simple. You open a new credit card with a low interest rate and move the balance from your old, high-interest card to the new one. Essentially, this means that the debt on your old card has been paid by the new card. After you complete the transfer to the new card, you can start paying it down. You’ll be amazed at how much you can save when your interest payments have been drastically reduced.

Read More

10 Aug

Save on Back to School Expenses

Although it’s not news to parents, back to school costs are nothing to sneeze at. According to the National Retail Federation’s annual Back-to-School Spending Survey of 6,500 consumers, the average family with children in grades K-12 planned to spend $630.36 on clothes, electronics and school supplies this year. Regardless of whether you have overspent, underspent, or kept to a budget, we have a few back to school shopping tips for kindergarten through college graduation that you may be able to incorporate into your spending (or saving) repertoire.

Students in any grade or year – Shop out of season. Shopping post-season sales and clearance racks is a great way to build up you or your child’s wardrobe on a budget. Take inventory to determine exactly what pieces you or your kids will need for the upcoming year, and then organize your budget around what you still need to buy. Keep a look out for winter coats, boots, and jackets in late February, and summer clothing in late August. If you have one, shop where your Student ID gives you a discount.

Read More

06 Apr

EMV and You: What You Need to Know

What does EMV stand for?

The acronym stands for Europay, Mastercard and Visa, the three organizations that developed the initial specifications. EMV was set up to be a widely implemented system for smart card payments. The EMV specifications were developed to make sure chip-based payment cards and terminals could interact.

Why was EMV technology developed?

Unlike a magnetic stripe card, it is virtually impossible to create a counterfeit EMV card that can be used to conduct a successful EMV payment transaction.

How does EMV address fraud? Read More

13 Jan

5 Ways to Avoid Having Your Identity Stolen

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Identity theft is like a shape shifter taking on many forms. There are three common types.

  1. Existing account takeover
  2. New account creation
  3. Identity creation

In short, either someone takes what you have out of your account, opens up new accounts with your information, or uses pieces of your personal identifying information, such as your social security number, and goes on a wild tear you likely won’t know about until it becomes a financial nightmare.

RMLEFCU is working to switch all the cards we issue to use EMV technology. EMV stands for Europay, MasterCard, and Visa. Cards with EMV contain a super-small computer chip that’s extremely hard to counterfeit. Consider that almost half of the world’s credit card fraud happens in the United States—even though only a quarter of all credit card transactions happen here. The banks want to rein this in ASAP by moving away from magnetic-stripe cards, which are much easier to counterfeit.

Your personal information can be used to access current accounts, other than just your credit card, and can lay the groundwork for a brand new identity. While RMLEFCU uses technology to secure your credit cards, there are important steps you can take to make sure your personal identifying information stays PERSONAL.

These tips are not exhaustive, but are manageable tips to safeguard your financial security.

1. Photocopy the contents of your wallet. Don’t take pictures of your cards with your smartphone. Even if you try not to share with the cloud, the moment you turn that function back on for any other photos, you are potentially compromising that information. If you don’t have access to a copy machine, you can write down or type up all of the credit card company information (Issuer, credit card number, CVV, expiration date and contact number) and store this or the photocopy in a secure safe or locked file cabinet. This way, if your purse or wallet is stolen or lost, you know exactly who to contact to make sure no fraudulent charges are made and you are able to pause or close these accounts.

2.  Keep on top of your bank and credit card statements. Check every 15 days, set up a reminder on your phone or computer to log in and look at the charges. If you don’t recognize something, you’ll have enough time to contact us or your credit card issuer (if it’s not us) and try to resolve the charge.

3.  Get off mailing lists and get a locking mailbox. Call toll-free 1-888-5-OPT-OUT (1-888-567-8688) or visit optoutprescreen.com to stop unsolicited offers from coming. Here’s more info. A locking mailbox helps deter thieves from accessing any other sensitive information that might still arrive, despite your efforts to cut down on this type of mail.

4. Keep personal identifying information in a safe place and or shred things. There are still dumpster divers out there. Or the potential of unscrupulous visitors in your home. Shred your personal identifying information or if you need to keep a record or it keep it in the same safe or locked file cabinet where you have stored what cards and accounts we mentioned in step #1.

5. Stop giving out your social security number. To create new accounts, thieves may only need your social security number paired with other public information that can be found online. Being able to find your address or employment information only requires whitepages.com and LinkedIn or your name and city, if your name is unique enough. Don’t give it out to anyone and if pressed, ask if you can use an alternative ID. There are only a few state and federal programs that REQUIRE it. Ask if you can provide your passport or driver’s license instead. Check here for when you have to provide it and for a few more alternatives.

By doing these 5 things, you are better able to safeguard your finances from conniving criminals. If at any time you have questions about suspicious activity in your RMLEFCU account, call us at (303) 458-6660 or contact a branch representative.