Tax Credit Extension
The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers. In addition, the act of 2009 has established a tax credit of up to $6,500 for qualified existing home owners.

For the first time homebuyer: The tax credit applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010.

To qualify as a first time home buyer, the buyer has not owned a principal residence during the three year period prior to the purchase.

For existing homeowners: The tax credit of up to $6,500 applies for existing home owners purchasing a principal residence after November 6, 2009 and on before April 30, 2010.

To qualify as an existing homeowner, ownership and residence in the same home for at least five consecutive years of the eight years prior to the purchase date. For married tax payers, both spouses must qualify as long-time residents.

If you have more specific questions, we strongly encourage you to stop in or call to talk with Nicole Howard or Steve Jones.


Welcome Nicole Howard
Remington Federal Credit Union is proud to announce the hiring of Nicole Howard to the position of Mortgage Specialist. Her primary responsibilities will be to advise members regarding their mortgage options while developing Remington FCU mortgage portfolio.

After conducting an extensive search, we are thrilled to have Nicole join our team. A native of Sauquoit, she earned her Associates degree in paralegal at Herkimer County Community College and her Bachelor’s degree in Finance at Coastal Carolina University.


“Remington FCU, always aiming for more.”
Remington federal credit union is now offering mortgages, whether you’re looking to buy a home or need to consolidate your debt; we have many loan types available to fit your needs.

There is no better time than now to buy a home, at RFCU you’ll receive a great low rate, favorable terms and the professional, courteous service you won’t get with a bank. We also have information on the homebuyer tax credit, part of the American Recovery and reinvestment Act of 2009.

Stop in and see our mortgage specialist to get you started today.