Realtors to launch credit union - Orlando Business Journal:

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The credit union, expected to open in mid-2009, is completel y Web-based with U.S. call center support, the association said. The new creditt union is a nonprofit cooperative owned by its members and directed by an elected volunteer The National Association of Realtors will notown it. Like othet credit unions, it is a stand-alone entity and earnings will flow back to the credity union andits members. The granted the charter, followingb two years of planning by association The association is scheduled to make a formalannouncemeng Nov. 10 at its conference at the .
Association and administration members finalized an agreement earlier this week that spells out the activities and management structure of the new Realtors Federa lCredit Union, according to a news release. All Realtors and theidr families, as well as employees and staff are eligible to becoms creditunion members. Realtor clients and such and home buyers andhome sellers, are not eligible. The Nationap Association of Realtors isthe nation’s largesy trade association, representing 1.2 million member s involved in all aspects of the residentiall and commercial real estate industries.