July 2014 - RMLEFCU Blog

Retirement Planning for Young People

So you are in your twenties or thirties. Retirement seems like a long ways off. There is plenty of time to save and invest… right? Although retirement may be quite a few years away, what you do now to prepare for it will have a huge impact on your quality of living when you do retire. A dollar saved today can be worth ten dollars years from now!

Saving for retirement is very important. The earlier you start, the longer amount of time you give your money the opportunity to compound and grow. Unfortunately, one cannot expect to put their money in a traditional savings account and call it a retirement plan. Where you keep your retirement savings matters. Savings accounts, money markets, and CDs are all great places to keep money in the short term, however none of those accounts has historically kept up with inflation in the long run! That means your savings will be worth less when you retire!

Here are some tips to help you get started with retirement planning. Read More →

Transfer Your Credit Card Balance and Get Out of Debt

Credit card debt can really feel like you are chasing your tail. Interest builds and builds making it hard to keep up with payments. There are a hundred reasons why someone has managed to accumulate a large balance on a credit card. Whatever the reasons are behind the issue matter less than our plan to help fix your situation. Rocky Mountain Law Enforcement Federal Credit Union wants to help our members by offering a credit card balance transfer** with 0% APR for 6 months and then a low 12.25% APR* after that! There are no fees, zero fraud liability, and credit limits up to $20,000. Our RMLEFCU Visa Platinum Card offers great rewards for merchandise, travel, and even cash back.***

Use this opportunity to get out of debt and/or save some money. Here is some information on balance transfers to help you understand and prepare for transferring your credit card balance to a RMLEFCU Visa.

What is a balance transfer? A balance transfer is when you use a credit card to pay off the balance of another credit card. This moves the debt from one credit card to another. Read More →