Maryland Association of REALTORS®


Our Partner: Maryland Association of REALTORS®

About MAR: In principle and in practice, the Maryland Association of REALTORS® values and seeks diversity and inclusive participation within the field of real estate and recognizes each member as a unique individual. MAR is the largest trade association in Maryland and the central information resource for Maryland’s real estate news, issues and trends.

Mary Antoun, CEO of MAR, took a minute to talk to REALTORS® Federal Credit Union, A Division of Northwest Federal Credit Union about their experience with the credit union and their new partnership through the Partner Program.

 


The Credit Union: How did you first learn about REALTORS® Federal Credit Union, A Division of Northwest Federal Credit Union?

Antoun: I am a member of the Board of Directors and was on the original Task Force set up to study the formation of a credit union for REALTORS®.


The Credit Union: Why did MAR decide to join REALTORS® Federal Credit Union, A Division of Northwest Federal Credit Union?

Antoun: Three reasons:  The rates on investment products are highly competitive, we will likely be looking for a business loan in the future (and expect the CU loan rates to be very competitive) and we want to support this as a member benefit. Being a member of the credit union is a win-win for us and our members.


The Credit Union: Why did your organization decide to become a Partner?

Antoun: We want to find ways to encourage our members to join REALTORS® Federal Credit Union, A Division of Northwest Federal Credit Union, and the Partner Program has good benefits for MAR as well.


The Credit Union: What products/services do you like best?

Antoun: The Certificates are an excellent way to maximize returns in a completely safe investment.  As an individual member, I love the ease of banking completely online, and the rates on the Money Market accounts as well as the Certificates make it attractive financially.


The Credit Union: What do you look for in a financial services provider?

Antoun: Safety, responsiveness to requests, variety of products, competitive rates, flexibility in meeting needs.


The Credit Union: How is your relationship with REALTORS® Federal Credit Union, A Division of Northwest Federal Credit Union different from your relationship with other financial institutions?

Antoun: It’s far more personal.  REALTORS® FCU, A Division of Northwest Federal Credit Union understands our business as an association, and its particular circumstances, which are unusual in the business world (for example, the concentration of our dues income at certain times of the year).  That’s not easy to explain to other financial institutions.


The Credit Union: How do you think real estate organizations can benefit from REALTORS® Federal Credit Union membership?

Antoun: They will find that REALTORS® FCU, A Division of Northwest Federal Credit Union is willing to work with them to adapt to their specialized needs as businesses.  That’s a rarity in the financial world.


The Credit Union: How can real estate organizations benefit from Partnership with REALTORS® Federal Credit Union?

Antoun: We can encourage members and member businesses to make use of this resource, which will help them, while earning benefits ourselves.


The Credit Union: What do you hope to get out of your Partnership with REALTORS® Federal Credit Union?

Antoun: Although the benefits are attractive, I’m really hoping that even more Maryland REALTORS® will learn of the extraordinary resource that REALTORS® FCU, A Division of Northwest Federal Credit Union will be for them.


The Credit Union: What are the significant accomplishments of your organization this year?

Antoun: We had the best legislative year in our history—we defeated every bill we opposed and passed every bill we supported, including some of critical importance to the recovery of our market. 


The Credit Union: As an organization, what are your current challenges?

Antoun: Finding more ways to help members in a slowly recovering market, and figuring out more effective ways to communicate with them.


The Credit Union: What would you say to someone who is reluctant to use a virtual credit union?

Antoun: Once you learn how to do things virtually, which is far easier than it sounds, you will find it so convenient that you may even forget that it’s virtual.  If you’ve ever done any banking online, even just checking your account or paying a bill, you will be comfortable with a virtual credit union.  And a human being is always just a phone call away.