The National Association of Realtors filed an application with the National Credit Union Administration to create it’s own web-based credit union for NAR members. They’ve noted that since Realtors® are independent contractors, traditional credit unions and banks aren’t able to support the needs of the modern day Realtor®.
The Realtors® Federal Credit Union will offer exclusive features to Realtors® such as:
- New Realtor® start-up loans
- Commission advances
- Business payroll and more…
NAR expects approval of their application from the NCUA by the end of the year.
Click here for the NAR’s Realtor® Federal Credit Union brochure for more information.
