26 Aug

How to Build Good Credit

how to build good creditCredit. Those five little letters have the ability to inspire fear and raise blood pressure. If you have little to no credit history or a low credit score, RMLEFCU’s Credit Builder loan was designed with you in mind.

It works like this: RMLEFCU acts as a gatekeeper and loans you between $500-$5,000 with a rate determined by your FICO score and our signature loan rate. You make payments on the loan over a period of time, perhaps a year, and RMLEFCU puts the money in an interest-bearing savings account. Once the loan is paid off, you can access the full amount.

To help ensure your success, RMLEFCU will arrange for a low monthly amount and set up automatic repayment options. Just ask us the next time you’re in or call our main line at (303) 458-6660. You’ll know within minutes if you are approved. Read More

10 Aug

Budget Hacks for Your End of Summer Road Trip

  • RMLEFCU Budget Hacks for a Summer Road TripGas Prices often rise in the summer. The reasons are numerous. More people are traveling by car this time of year = increased demand. Also, there are summer and winter blends of fuel and the former is more expensive as it uses different additives and refineries have to shut down before they process it. Gas is averaging around $2.70 a gallon for regular right now in the Denver area but consider yourself lucky since gas was near $3.69 a gallon last year at this same time.

Solution: Pack light, leave early, check your fluids and air pressure, and don’t speed. These steps will help you increase your fuel efficiency. Read More