22 Feb

Fund Your Next Getaway with a Vacation Loan

Vacation Loan

Personal loans are good for a lot of things, but arguably the best use is for much-needed vacation time! Whether it’s a month-long backpacking trip through Europe, or a relaxed family getaway in Hawaii, having a vacation loan can give you peace of mind when it comes to expenses.

A Little Extra Help

How disappointing is it when you struggle to set aside money all year for a nice vacation and discover that it’s not quite enough when the time comes? This is the perfect opportunity to utilize a vacation loan to give you the last little bit of funding needed. When people think of a vacation loan, they usually think of funding all vacation expenses with it. This is not typically the case! If you already have a good amount of money saved up, the loan can be used to simply cover the cost of lodging or expenses you may incur while at your destination. This not only lowers the amount you have to borrow, but can result in lower monthly payments as well.

Budgeting Benefits

Personal loans make vacation budgeting a breeze because they give you a set amount to spend, unlike a credit card. For example, if you take out a personal loan for $5,000 and by day 3 of a week-long vacation you have already spent more than half, you know it’s time to reign in the spending a little bit. By using only the funds you obtain from the loan, you are much better off sticking to a budget and avoiding overages.

Better Than a Credit Card

We provide personal loans for expenses you may not have all the funds for right now, to give you a better option than putting large expenses on your credit card. While it may seem tempting to fund a vacation on credit, it’s not recommended, as the interest rates are typically higher than those on personal loans and can fluctuate depending on how much you spend. With a vacation loan, you have a set spending amount and a set monthly payment.

Financing a getaway with a vacation loan is great way to ensure that you get the relaxation or adventure you need, even if you can’t quite afford it. To read more about the personal and vacation loans RMLEFCU offers and apply today, visit our website or give us a call at (303) 458-6660!

14 Feb

The Credit Union Difference: Auto Loans

Being in the market for a new or used car can be both stressful and overwhelming. Not only do you have a massive selection of vehicles to choose from, but you must also decide how you’re going to finance your new purchase. That’s where we come in. While dealerships may make their financing programs sounds attractive and unbeatable, it is always best to shop around for the best auto loan rates – starting at your local credit union.

We’ve gathered the top 4 reasons why choosing a credit union for your auto loan is the right way to go.

1.    Lower Rates

Credit unions have very competitive interest rates, especially on auto loans. On average, credit union loans are at least 1 percent lower than banks, which can save you some serious cash in the long run. Big banks often incentivize their loan officers for selling you on anything extra that will earn the bank more money, while credit unions work for their members, not commissions, so they have your best interest at heart. They won’t try to convince you to get any extra bells and whistles unless they honestly think it would benefit you.

2.    Personalized Service

Providing members with excellent customer service is at the top of credit unions’ priorities. Since credit unions are non-profit organizations and are run by volunteer board members and not a corporate office, members are provided with a more personal and customer-oriented experience. You can rest assured that credit unions have your best interest in mind when providing you with a loan, whereas big banks see dollar signs when recommending auto financing options. Credit unions work for their members, so the happier you are with the service you receive, the better off the credit union is.

3.    Educational Resources

As stated above, credit unions pride themselves on providing excellent member service. One aspect of this is providing members with educational and informative resources to make the best financial decisions possible – especially when it comes to auto loans. If you want unbiased answers regarding auto loans and the car buying process, turn to a credit union where they will be more than happy to assist you in making the best decision. RMLEFCU specifically partners with AutoTrek to provide our members with the best car buying resources, so you can thoroughly research your options prior to purchase.

4.    Easy-to-Use Process

The days of having to go into a branch to apply for an auto loan are over. Now, credit unions offer applications for auto loans to be done online, over the phone, or even at a car dealership. RMLEFCU specifically works with Credit Union Direct Connect to simplify your car buying experience and get you approved for an auto loan in minutes, right from the dealership.

When it comes to the car buying process, you can always count on credit unions to have your best financial interests in mind. Whether you are a first-time car buyer just starting your search, or are a seasoned car-buying veteran about to sign some papers at a dealership, make sure you check out credit unions before making an auto loan decision.

Have questions about RMLEFCU’s auto loans? Check out our website or contact us at (303) 458-6660.

01 Feb

Show Some Love Contest

RMLEFCU is giving a lucky Colorado Law Enforcement department a visit from a food truck based on your input! Do you have a department you’d like to recognize? Here’s how it works:

Nominate your favorite police department by sharing what you love about them in the comments below, tagging @RMLEFCU in a post on Facebook, Instagram, or Twitter or using #ShowSomeLoveRMLEFCU by February 14th. The more nominations a department has, the better their chances of winning are, so start sharing the love!

A nominated department will be randomly selected after February 14th and will win a complimentary visit from a food truck.

Show your favorite police department some love and we’ll show them some food!

*This contest is only valid for Colorado law enforcement departments whose employees are eligible for RMLEFCU membership. This promotion is in no way sponsored, endorsed or administered by, or associated with, Instagram or Facebook. RMLEFCU has the right to refuse entries. Contest rules are subject to change without notice.