27 Mar

Advice for the First Time Home Buyer

RMLEFCU Home LoansBuying a home is exciting! Well, at least finding a home is…

At RMLEFCU we are trying to help all of our first time homebuyers get the home of their dreams in any way we can. This article is designed to give you a few tips regarding the home buying process. If you ever have any questions concerning the loan process we strongly urge you to contact one of our mortgage specialists. This leads us to our first piece of advice, get pre-approved!

  1. Get Pre-approved – This initial consultation and pre-approval process will save you lots of headaches down the road and help you determine how much house you can afford. Getting pre-approved is easy and essential for a first time homebuyer. Once you have determined a budget, start looking for your new home! Bonus Tip: Another advantage to getting pre-approved is how quickly you will get the money to secure the home and get it under contract. Currently in the Denver market, homes are selling quickly. So do the best you can to be prepared. Click here to learn more about  the RMLEFCU loan processRead More
21 Mar

2014 Kids Account Coloring Contest!

kids coloring contest RMLEFCU We want all our RMLEFCU kids to start saving for the things they want and we want to know what they’re saving up for! So, for the months of April and May 2014, your own little saver can enter his or her drawing into our Kids Account contest.

Have your kids get their crayons or colored pencils out and draw us a picture of what they want to save up for. We’ll post them around the RMLEFCU offices this spring. And then our panel of judges will choose their three favorites!

Each winner receives a $100 award, which will be deposited straight into their Kids Savings Account!

Here’s what you need to do:

  1. Draw, Draw, Draw! Just imagine what you might be saving for!
  2. After the picture is complete, enter the information below and submit it to a RMLEFCU branch office.
  3. Entrants do not need an active RMLEFCU Kids Savings Account to qualify!  But if you open one now, we’ll chip in with an initial $5 deposit, as well as a great little piggy bank!

Contest begins April 1, 2014, and ends May 31, 2014.

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07 Mar

Teaching a Kid the Importance of Saving

teaching the importance of saving to a child RMLEFCULearning about saving at a young age can make an enormous difference in a child’s life. The skills and habits formed around finances at a young age directly affect the ability to save up for larger items later in life such as cars and homes. Setting up a savings account for your child, grandchild, niece or nephew now teaches them responsibility, budgeting and planning. At Rocky Mountain Law Enforcement Federal Credit Union we want all our young members to get a head start in their financial future. Here is some advice regarding setting up a bank account for a child.

  • When is a good time to open a bank account for a kid? – Right now! Seriously, the earlier the better. Give the child a place to store their money received from birthdays or earned from allowances. Help them set up spending goals for special items they may desire such as toys, video games, etc. Read More