Saying it was hard to get a loan in 1938 is a crude understatement. Denver police had little to offer in the way of collateral and their loan requests fell deaf on banker’s ears. Coupled with the financial insecurity of the Great Depression, a way to promote financial security was needed.
Thankfully, three Denver Police officers, Ivan Eldher, Harold Dill and Roy Floyd led the charge for a credit union dedicated to law enforcement officers. The past seven decades has witnessed multiple moves, an expanded membership and a modernization of services – but what remains unchanged is our commitment to officers who keep Colorado communities safe.
Joining the Rocky Mountain Law Enforcement Federal Credit Union was a right of passage occurring shortly after an officer’s swearing in. Newly minted police officers would receive a signature loan for $250 to help purchase necessary equipment. Flash forward to 2016 and we’re the 3rd Healthiest Credit Union in the entire country. While checking and savings accounts were the only offerings on the menu in 1938, we now offer a complete suite of financial products to over 12,000 members throughout Colorado.
RMLEFCU Looks Forward
We began with one employee in the Denver Police Department’s basement. Now we’ve expanded to three physical locations in the Denver metro area with fifty employees. RMLEFCU members enjoy shared branching with 200 other credit unions in Colorado and with 5,000 + locations nationwide. Recently, our online banking was enhanced to be as seamless and robust as possible. To learn how you can become a member, please view our switch kit.
View a quick video about RMLEFCU’s humble beginnings here.