14 Dec

5 Cars to Keep You Driving Smoothly in the Snow

Rocky Mountain Law Enforcement Federal Credit Union is proud to partner with AutoTrek in their mission to help our members find EXACTLY the car they need or want. AutoTrek employees will do the legwork and research for you. They will even bring the car to your work or home for a test drive! Your weekend will remain a car shopping free zone while AutoTrek works their magic to bring your car to you! Right now AutoTrek has 5 vehicles on their lot for driving smoothly in the snow. Whether you have a large family, or are a solo driver, one of these cars will work for you!

BONUS: RMLEFCU will match up to $500* towards your down payment on any car purchased in December at AutoTrek!

2005 Chevrolet Tahoe, $12,989, 121k miles

chevy-tahoe

2011 Toyota 4 Runner SR5, $21,989, 90k miles

toy4runner

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10 Aug

Save on Back to School Expenses

Although it’s not news to parents, back to school costs are nothing to sneeze at. According to the National Retail Federation’s annual Back-to-School Spending Survey of 6,500 consumers, the average family with children in grades K-12 planned to spend $630.36 on clothes, electronics and school supplies this year. Regardless of whether you have overspent, underspent, or kept to a budget, we have a few back to school shopping tips for kindergarten through college graduation that you may be able to incorporate into your spending (or saving) repertoire.

Students in any grade or year – Shop out of season. Shopping post-season sales and clearance racks is a great way to build up you or your child’s wardrobe on a budget. Take inventory to determine exactly what pieces you or your kids will need for the upcoming year, and then organize your budget around what you still need to buy. Keep a look out for winter coats, boots, and jackets in late February, and summer clothing in late August. If you have one, shop where your Student ID gives you a discount.

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15 Jun

Get Creative when Searching for College Scholarships

If you will be attending college or university in the Fall of 2016, this article is for you. Beyond applying for financial aid and dipping into your savings account to pay for college, carve out time for searching for college scholarships. Find scholarships nationwide, statewide or even locally using creative means. Scholarships and grants are used synonymously, but the semantics are unimportant – it’s free money that you do not have to pay back – EVER.

  1. High School

Ask your school’s guidance counselor for college scholarship materials. It’s hard to believe that in 2016 certain things exist offline only. But consider these kind of scholarships to have two benefits. First the applicant pool will be small since someone would have to go directly to their guidance counselor and secondly, hardcopy requirements will at least discourage some applicants who feel it is not worth the time if they can apply for another scholarship online.

2.  Employers and community groups

Begin with larger employers, community organizations, and civic organizations. Examples include the Lions Club (find your local chapter or ask a guidance counselor), Rotary, Kiwanis, or Knights of Columbus.

  1. State Scholarships

The above link is for Colorado based scholarships. In addition, your statewide Rocky Mountain Federal Law Enforcement Credit Union offers four William Threlkheld scholarships each year to deserving members. The scholarship is named after the retired Division Chief of the Denver Police Department who passed away on 11/8/11. Requirements include having a 3.0 GPA or higher, being involved in your community and having the potential to succeed at the college level. Apply here.

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24 May

RMLEFCU National Police Week Recap

National Police Week

In celebration of National Police Week, we hosted three open house events at our newly renovated branches. Each event was well attended by RMLEFCU members, their families, friends, and others involved in law enforcement. Entertainment at all the open houses included live music, a photo booth, catering, beverages, and giveaways.

Throughout National Police Week we participated in law enforcement related events around the Denver area. In addition to the events we hosted, our staff gave away swag at our branches during the week in appreciation of our membership and their commitment to law enforcement.

We are very proud to show off the renovations to our valued members. By redesigning our branches and investing in new technology, we have enhanced the member experience. These major physical changes reinforce the fact that our credit union is rock solid thanks to our loyal membership and dedicated leadership team.

View Images from the Photo Booth!

11 May

RMLEFCU Marks National Police Week with Multiple Events

National Police Week events commemorate the lives of officers lost in the line of duty and show appreciation for the diligent work of our law enforcement officers each and every day.

Rocky Mountain Law Enforcement Federal Credit Union was established in 1938 and seventy-eight years later, remains committed to the service of those who serve ALL of us.

We’ve not only expanded our services but revamped our branch offices. We would like to extend an invite to our National Police Week open houses to our members and their friends and family.

Each of our National Police Week open houses feature live music with local bands, a free food truck and an open bar.

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04 May

National Police Week Activities Honor Sacrifice and Stress Remembrance

In 1962, President John F. Kennedy declared May 15th as National Peace Officers Memorial Day and designated the calendar week in which this day occurs as National Police Week to honor law enforcement service and sacrifice. This year National Police Week runs from Sunday, May 15, 2016 through Saturday, May 21, 2016.

There are many national organizations who work diligently to ensure this week pays tribute to our fallen brothers and sisters. Below is a list and the individual events they manage.

National Law Enforcement Officers Memorial Fund – This group is responsible for the May 13, 2016 Candlelight Vigil honoring law enforcement officers who died in the line of duty in 2015. The vigil takes place on the National Mall in Washington D.C. and those outside of D.C. can view it online by logging onto this site.  In 2015, 123 officers lost their lives and each of their names will be engraved on the National Law Enforcement Officers Memorial in Judicial Square following the vigil.

Fraternal Order of Police/Fraternal Order of Police Auxiliary (FOP/FOPA), which organizes the Memorial Service on the west front lawn of the U.S. Capitol. A wreath laying ceremony will immediately follow the service.

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19 Mar

College Selection: Part 2 – Hidden Costs of College

You’re aware of the line item costs associated with higher education. Tuition, fees, books and supplies apply to all students while meals and housing only apply to students who are attending school full-time away from home. To steal a quote from Donald Rumsfeld, these are “known unknowns.” You have a feeling there are extra costs are out there, but how many hidden costs of college can you list?

Sneaky sources of cash depletion include but are not limited to:

  • Club sports: There are intramural sports, often associated with the college’s recreational center (whose fee is a line item) and there are official college teams. Club sports occupy a middle ground that is more competitive than intramural sports, but not as much of a time commitment as official college sports endeavors. Participation in club sports is booming. Why? With more than 40 million children playing organized sports, more students are graduating from high school with extensive athletic interest and skills but fewer than 5 percent, are good enough to play a varsity college sport. That leaves a lot of students still in search of a competitive outlet and place for camaraderie. Consider the costs of traveling to games and tournaments in other cities and states. Dead set on participating? Consider raising the money first or dedicating money from a part-time job for this purpose.
  • Fraternities and Sororities: This is hard to pin down but The University of Central Florida, the second largest university with a Greek system in the country, publishes cost comparisons of all its fraternities and sororities. According the most recent data, the average new sorority member will pay $1,280 per semester and the average fraternity member will pay $605 per semester, not including room and board. The higher costs for sororities are associated with gift giving and formal attire.
  • Parking Permits: Many college students and especially those commuting to school bring their cars. For a few local examples, parking costs at the University of Colorado at Boulder parking will run you $16/week or $576 for 9 months. Parking costs at UNC in Greeley vary widely but range from $227 – $768 a year.

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05 Jan

5 Money Questions to Wrestle With Before Marriage

couple shopping picIf you and your significant other have been ring shopping, or have announced your engagement, this article is for you. We know you’re busy with wedding planning and housing headaches and whether she’ll ever understand your sense of humor, but as your credit union it’s our job to offer advice when it comes to our area of expertise. Here are 5 money related questions that you need to deal with before that marriage license is signed.

Perhaps you can use a long car ride as the time to delve into these. There’s no way to escape them once you’re married, so you might as well have the conversation in a car.

It’s unnecessary to know all the little nitty gritty details about each other’s financial life, but the following questions can set you up to cover a lot of ground and avoid unnecessary surprises.

  • Where is the money currently going?

Have a sense of how much each of you spends each month and on what. If one of you has a credit card payment that is eating up 30% of your salary, that’s money that can’t be going towards a house payment or vehicle. What are your monthly obligations and how many payments are left on these?

  • What kind of lifestyle do we see for ourselves?

What area of town do you want to live in? How large does your house need to be? Do you want to be able to save money and live in a smaller house or save less money, have a nicer home but end up working more hours for more years to be able to afford that lifestyle? What kinds of things will you spend your money on? Experiences? Children’s educations?

  • How do kids figure in?

It’s no secret that kids don’t come out with a manual OR c-notes taped to their fleshy little appendages. The associated expenses of childcare and schooling must be factored in and planned for prior to their arrival. If you don’t plan on using childcare, would an alternative like grandparents or a single income situation work for your family?

  • How do you spend your disposable income?

Ah, the dark web. It’s easy enough to print your statements out for your monthly bills but to take a stark look at where the rest of your paycheck is going, requires complete candor. If one of you utilizes cash for these type of expenses, start by taking pictures of receipts every time you use cash.

  • How much debt do you have?

It’s a fair question if you plan on having one account you both draw from. For instance if one party has student loans, will they be the responsibility of the person who took them out? Or will a certain amount come from the shared account? Maybe this is the agreement for student loans but not for credit card debt. There’s no right or wrong answer, but a discussion at this stage is warranted.

There are undoubtedly more money questions that you can ask, but these are great places to start.

Congratulations from RMLEFCU on finding your special someone!

 

 

20 Oct

Budget Hack – DIY Halloween Costumes

Halloween is two weeks away and you are without a costume. How does this keep happening every year? Instead of scouring picked over racks of costumes that are more flammable than fashionable, why not save money, gas and frustration and make your own? RMLEFCU is here to help you strategize, save and still have style. Our goal is to prepare you for that happening party, or let’s face it, the kids on your block who you’ll be handing out candy to.
For Couples: Why not go as Rosie the Riveter and Uncle Sam? It is very easy to find red, white and blue gear, especially since the 4th of July is in our rear window. Try Big Lots, Goodwill, and ARC thrift stores.

Uncle Sam: you will need a long white beard and a tall hat and a red bow tie. If you don’t have a long white beard you can always snip a bit of your dog’s fur and tape it to your chin. In all seriousness, the haircare aisle in any big box store or Walgreens carries hair extensions in any color and they are only a few dollars. 
Uncle_Sam_(pointing_finger)
For Rosie: you will need to don bright red lipstick, knowingly flex your biceps and a pull off a polka dotted kerchief or bandana for your hair. A blue shirt is also a must. 
We-Can-Do-It-Rosie-the-Riveter-Wallpaper-2-AB
Since we’re a credit union, we thought costumes with a money angle would be appropriate. There is a central theme through many of these: hair. Think Donald Trump, Daddy Warbucks and Cruella DeVille, all of whom have very distinguished hairstyles. Read More

11 Sep

4 Health Benefits of Taking a Road Trip

A year ago gas prices in the Denver area hovered around $3.59. Due to domestic oil production ramping up and global thirst for oil petering off, gas prices have dropped to $2.60 a gallon, give or take a few cents. If you have a few vacation days you need to use before the end of the year, may we suggest a good ol’ American road trip? We’ve rounded up the top 4 reasons that doing so may have both mental and physical rewards.

  • Easier to go tech free

According to an April 2015 Gallup poll conducted on 4,475 adult U.S. workers, almost 50 percent of workers who frequently use work email outside of normal working hours reported feeling stressed “a lot of the day,” as compared with around a third of those who don’t check work email after-hours.

Most airports, and even some planes, have Wi-Fi. As much as you’d like to unplug, the outside world can still reach you on your smartphone. But when you’re cruising in your car on your way to Wall Drug in South Dakota, your only thought will be, “Why haven’t I done this before?” instead of the obligations waiting for you back in Colorado.

  • Feel better when you head back to work

We all need a break in our routine. It’s healthy and helps us press the reset button. There is a caveat though. Most of the happiness you’ll get from vacation depends upon the stress level of the vacation. Why not just get behind the wheel and avoid the ever shrinking tray tables and chatterboxes on the plane? Let’s face it, plane travel has been the opposite of glamorous for decades but the open road hasn’t lost its allure.

  • Save money

 Saving money makes us happy. Who hasn’t bragged about saving a few bucks when their friend paid full price for something. It’s easy to save money when you take the road by the wheel since  gas is cheaper and there are no extra charges for checked or carry-on bags!

  • Even planning a vacation has health benefits

A recent study, published in the journal Applied Research in Quality of Life, showed that the largest boost in happiness comes from the simple act of planning a vacation. In the study, the effect of vacation anticipation boosted happiness for eight weeks.

What if your car’s heyday has gone and went? If you are in the market for a new or used car, RMLEFCU has car loans that can help you trade in that jalopy.

As a member of Rocky Mountain Law Enforcement Credit Union you enjoy:

Don’t forget that our employees can review whether it makes sense to refinance your current vehicle to potentially lower your rate. We’re family after all, looking out for you, even when you don’t ask.