20 Mar

6 Signs You Are Overextended Financially

worried-debt-financialAre you starting to avoid picking up the mail because it’s filled with bills? Does it seem like you are entering onto a financial treadmill where your savings and retirement accounts aren’t growing? Or worse, are they falling? We have assembled 6 signs that you are becoming overextended. If you recognize yourself in any of these, it’s time to have a financial sit down with an expert at RMLEFCU before its too late.

1) You know your CVV number by heart. And you’d better because it has been worn off due to using your credit or debit card so much.

2) You are charging more on your credit card than you are paying off each month. It’s just like a diet, in order to shake that debt, you have to remember less in, more out!

3) You are adept at hitting silence on your cell phone when certain numbers call. You are unable to pay your bills and if you do manage to pay them, you’re late and incurring extra fines, or just paying what you can. Read More

17 Oct

7 Helpful Tricks to Help You Save for the Holidays

The holidays are an expensive time of year. Between travels, gift giving, and food costs your bank account can really take a hit. Here are some tips to help you save money leading up to and going through the holiday season.

  1. Saving for the holidays RMLEFCU Law Enforcement Credit Union DenverPack it in – If you don’t already pack a lunch to work, its time to start. Do you buy your coffee on the job? That $3 cup of coffee every day adds up. Especially when you can make coffee at home and bring it with you for a fraction of the cost. The same goes for water. You can save a bunch of money by refilling a water bottle rather than buying a soda from a vending machine. Plus, it’s good for you!
  2. Cook what you have – While we are on the topic of food, cook what you have sitting in your cupboards! If you are like me, the cans of refried beans and boxes of rice seem to be multiplying in the drawers. Now is a great time to use up the non-perishables tying up your holiday cash. There will be plenty of time to indulge over the next couple months. Hate this idea? Donate your non-perishables to a food pantry so someone less fortunate can enjoy them.
  3. Use a Rewards Card – Start using a RMLEFCU rewards credit or debit card for all your purchases and earn points. Redeem those points for electronics, gift cards, and other gifts. Put your spending to work twice!
  4. Recycle your electronics – Have an old phone or a tablet you’re not using any more. Electronics recyclers like Gazelle or Glyde will pay good money for used devices that are sitting around unused in your home.
  5. Plan Ahead – Planning your gift giving ahead of time will allow you to be more price conscious. Shop around, set limits on gift spending, and take advantage of crazy sales like Black Friday and Cyber Monday. When you scramble to buy gifts as the holidays approach you will undoubtedly overpay and overspend.
  6. Second guess your purchases – This isn’t as fun as buying a new shirt or getting a tasty candy bar from that convenient vending machine down the hall but it can save you lots of money to spread more holiday cheer. Every time you pull out your wallet say to yourself: “Self, do I really need this?” You’ll be amazed at how well it works.
  7. Get help from RMLEFCU! – At RMLEFCU we try to make the holidays easier where we can. If you really need some extra money during November and December, we can help.
  • Holiday Loan SlideBy – Skip a loan payment in November or December! Learn more and get the form in our quarterly newsletter The Dispatch.
  • RMLEFCU Holiday Loan – Need a little extra money. Borrow up to $2500 through December 31st and take 12 months to repay. Interest rates start as low as 7.95% APR*. Call (303) 458-6660 for more information.
  • Get a HELOC – With rates as low as 3.25% APR** a Home Equity Line of Credit is another great way to get some cash for large purchases and home improvements. Currently we are running a great promotion. HELOCs of $10,000 or more will receive a Carnival Cruise for two! Why not just avoid the holidays all together and go to the Bahamas?

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14 Oct

Gifts That Grow a Lifetime

Kids savings account RMLEFCU DenverIt’s hard to know what to get kids these days. The hottest toys one week can be quickly discarded the next. However there is one gift you can get a child or grandchild that never goes out of fashion, and that is teaching them the value of saving.

Opening a Rocky Mountain Law Enforcement Federal Credit Union account for a child now will help them develop a habit of saving that will last a lifetime. Unfortunately too many people have learned (and some who still haven’t) their lessons concerning living outside of their means. Using credit cards irresponsibly and spending more than one has can have lasting negative impacts on someone’s financial future. Teaching a child about the benefits of saving and financial responsibility will benefit them throughout their entire lives. Set up a child for financial success with a RMLEFCU account.

Need some more reasons? Here are 5. Read More

09 Apr

Advice on How to Use Your Tax Refund

How to spend your tax return RMLEFCU Save it, invest it, spend it or pay down some debt? These are all options on how you can use your tax refund check this year. Although it seems like a bonus, a tax refund is technically money you earned, paid the government in advance, and they are now returning it to you. Thus, a tax refund check should be looked at like a savings account you didn’t know you had rather than a gift from Uncle Sam.

So, what should you do with it? The right answer can only be found by looking at your current financial situation and weighing your options. Here are some tips to help you determine the best use of your tax refund based on your particular circumstances. Read More

21 Mar

2014 Kids Account Coloring Contest!

kids coloring contest RMLEFCU We want all our RMLEFCU kids to start saving for the things they want and we want to know what they’re saving up for! So, for the months of April and May 2014, your own little saver can enter his or her drawing into our Kids Account contest.

Have your kids get their crayons or colored pencils out and draw us a picture of what they want to save up for. We’ll post them around the RMLEFCU offices this spring. And then our panel of judges will choose their three favorites!

Each winner receives a $100 award, which will be deposited straight into their Kids Savings Account!

Here’s what you need to do:

  1. Draw, Draw, Draw! Just imagine what you might be saving for!
  2. After the picture is complete, enter the information below and submit it to a RMLEFCU branch office.
  3. Entrants do not need an active RMLEFCU Kids Savings Account to qualify!  But if you open one now, we’ll chip in with an initial $5 deposit, as well as a great little piggy bank!

Contest begins April 1, 2014, and ends May 31, 2014.

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