Credit Union News

Credit Union's Assets Exceed $4 Billion

LIVE OAK, Texas – Money placed in a financial institution typically compounds interest over time; at Randolph-Brooks Federal Credit Union, growth during the past 60 years has been exponential.

RBFCU announced today that its assets now exceed $4 billion. The foundation for this growth began in 1952 on Randolph Air Force Base when nine founding members contributed a total of $45 to begin the credit union.

RBFCU serves more than 325,000 members and recently opened its 36th branch location in the Alamo Ranch area. Its branch network continues to expand throughout the South Central Texas area and the credit union also offers services like eDeposits and RBFCU Mobile for members who need convenient alternatives to visiting a branch location.

Credit union leaders attribute success and growth to a philosophy of service focused on member satisfaction. "When we decide to introduce a new product or make changes to our rates, we consider the impact on our members," said Randy Smith, President and CEO of RBFCU. "We are conscious of the impact our financial institution makes on members' daily lives and we strive for their support and approval with each transaction we make."

In the past four years, RBFCU's assets have more than doubled as members have taken advantage of low-rate loans, high-value services like Cash Back Checking, and member-centric service.