25 Jun

Why Your Credit Score is Important

credit score

We all know that credit scores are important, but do you really know why? We’re here to let you know what goes into your credit score and why it’s important to keep it at a good level.

What is a Credit Score?

A credit score is a numerical value used to evaluate a consumer’s creditworthiness based on financial history. The scores range anywhere from 300-850 (bad to good accordingly) and are determined by three main credit bureaus; Equifax, Experian, and TransUnion. They are based on things like on-time payments and how many accounts you have open in good standing.


When applying for a loan, financial institutions look at your credit score and credit history to determine if you’ve proven to be responsible with your payments in the past. They do this to ensure that they only give loans to the people who they are more confident will be able to pay them off. That is not to say that you cannot get a loan if you have a less-than-great credit score. Typically, the lower your credit score, the higher your interest rate on the loan will be because you are considered a higher liability customer. This can add up quickly for large mortgage or home loans, as interest can accrue over time making it more difficult to pay off the balance of the loan.


If you’ve ever rented a house before, you know that landlords and property managers commonly ask for your social security number. This is because they’re running a background and credit check on you to determine if you will pay your rent on time. If your credit score is too low for their liking, they will more than likely reject your application and you will be stuck looking for another place to live.


Sometimes, employers will look at their prospective employees’ backgrounds and credit scores to assess the risk of hiring a candidate before extending an offer. This is most common in finance roles or in a position where you will be responsible for handling company money. The thought process being, if you can’t handle your own finances well, how could you manage those of others?

If you need help building your credit or repairing damaged credit, our credit builder loan is a perfect way to build positive credit without any risk. Learn more and apply online today

18 Jun

Northglenn Unparalleled Community Award Ceremony



(Credit: CBS)

This past week at the Northglenn Community Center, we had the honor of presenting Northglenn Police Department officers with the Unparalleled Community Impact Award and Outstanding Act of Service Awards.

The awards are meant to honor law enforcement officers who consistently demonstrate outstanding community service. We created this award because we are constantly impressed with the exceptional community service our local law enforcement officers demonstrate and believe their good deeds should be formally recognized and appreciated. We value our members and their noble professions, and we would like to acknowledge the great community we serve.

Officer Brian Kidwell received the Unparalleled Community Impact Award for his leadership and organization of the annual “No Shave Novembeard” for the American Cancer Society. For this event, all staff members are allowed to grow beards and goatees for the month of November in an effort to raise money for the American Cancer Society and build awareness throughout the department.  Officer Kidwell has organized the event, solicited donations and participant gifts, and organized the shave-off with Floyd’s Barbershop in Northglenn. In 2017, he took it to the next level by going three months with no shave to raise even more money.


Northglenn officers Lindsey Queiser, Chad Reffel, Patrick Toelle, and Ibrahim Yasin received the Outstanding Act of Service Awards for their heroic acts involving a roll-over car accident. The team of Queiser, Reffel, Toelle, and Yasin responded to a vehicle rollover accident in March.  When the officers arrived, the vehicle was flipped over and on fire, and it was unknown if the driver was in the vehicle.  With a closer look, they observed the driver was pinned inside the vehicle.  Together, they were able to get the driver out before the entire car was engulfed in flames. The driver made an appearance at the event and personally thanked the officers for saving his life.


After the award ceremony, attendees were invited to enjoy food from the Denver Biscuit Bus compliments of RMLECU.

If you weren’t able to make it to the event, check out the coverage from CBS and 9News!

06 Jun

Introducing: RMLEFCU’s Relationship Rate

Our low-rate auto loans just got even better (if you can even believe that)! Now you can take an extra 0.5%* off our already rock-bottom auto loan rates by qualifying for our exclusive Relationship Rate!

What Is It?

The RMLEFCU Relationship Rate allows qualifying members to take an extra 0.5% off of our auto and motorcycle loan rates. That means you’ll be getting an even lower rate for the entire duration of your loan!

How to Qualify

Simply use four of these five RMLEFCU services to qualify for an additional 0.5% off your loan:

Not only will using these services make your finances easier, but they will lower your auto loan rate as well!

The best place to start when shopping for a new or used vehicle is always your credit union! Contact us at 303-458-6660 or stop by a branch to learn more about our auto loan services and get pre-approved today!

* With approved credit. Some restrictions may apply.