Congratulations! You have just graduated from the Police Academy, now what? Law enforcement officers are burdened with the costs of equipment from the first day they graduate. RMLEFCU has been helping new graduates since 1938!
History of RMLEFCU
It was a crude understatement to say that it was hard to get a loan in 1938. The Denver Police had nothing to give in the form of collateral and, combined with the financial instability of the Great Depression, their loan demands fell deaf to the ears of the bankers.
A new way to promote financial stability was required.
Fortunately, three Denver police officers, Ivan Eldher, Harold Dill, and Roy Floyd, formed a credit union devoted to law enforcement officers. This credit union? Rocky Mountain Law Enforcement Credit Union.
Over the past eight decades, we have experienced numerous moves, increased membership, and modernized programs – but our loyalty to officers who keep Colorado communities safe remains unchanged.
Joining the Rocky Mountain Law Enforcement Federal Credit Union was a rite of passage that happened soon after an officer had been sworn in. Newly minted police officers would obtain a $250 signature loan to help buy the required equipment.
Over the years, we have evolved to include more than 14,000 members and more than $220 million in assets. We are still supplying new officers with our Signature Equipment Loan, but now for up to $2000.
From our humble beginnings with one employee in the Denver Police Department’s basement, we have grown to three physical locations in the Denver Metro area with fifty employees.
RMLEFCU members enjoy joint branching with 200 other credit unions in Colorado and with more than 5,000 locations throughout the country.