December 2014 - RMLEFCU Blog

Community Pride: What It Means to Join RMLEFCU

RMLEFCU Board of Directors
Top left to right – Tom Tedesco, Diana Seurer, Mike Thode, Joe O’Neill
Bottom left to right – Steve Allison, Tom Cornelius, Ron Saunier

Being part of a credit union is a wonderful thing. It means you have a voice in the organization. You can take pride in being part of an entity that is focused on giving back instead of just making profits. And because you and other members co-own the organization, you can guarantee that it has your specific needs at heart.

The Rocky Mountain Law Enforcement Federal Credit Union is focused on the needs of police, and is run by a volunteer board of directors—all former or current officers. Board members like Tom and Diana are not your bosses. They are your peers and fellow officers.

Here’s what it means to be part of a credit union like Rocky Mountain Law Enforcement Federal Credit Union:

5 Cases Where You Might Want a Short-Term Loan

Is a short-term loan right for you? These kinds of loans have some definite benefits: the application process is quick and easy, you typically don’t need collateral, and if you pay it off on time it can boost your credit rating significantly. But such loans can also have drawbacks: they typically have higher interest and if you can’t pay the loan back it can send your credit rating through the floor.

Here are 5 cases where a short-term loan might fit your needs:

1) Career Development—Programs, certifications, and schooling that enable you to learn new skills can pay dividends in your career. But these programs can cost several thousand dollars. If you don’t have that money in the bank, a temporary loan can empower you to enroll in the program and give your career a boost.

2) Car Repairs—Like home repairs, car problems can be expensive. If your engine fails, you can be stranded without transportation unless you pay thousands of dollars to repair it. A short-term loan, with a fast application and approval process, can help you fix this problem in days.