Press Releases

RBFCU PLANS ASSISTANCE FOR GOVERNMENT SHUTDOWN


LIVE OAK, Texas – While federal elected officials continue to debate the debt ceiling, Randolph-Brooks Federal Credit Union has chosen not to debate, but instead to provide service to its members. If a government shutdown occurs, RBFCU will provide assistance and peace-of-mind to members who might have payments from the government delayed.

If the debt ceiling is not raised, some federal employees or benefit recipients (such as Social Security recipients) might not be allowed to work or to receive pay until a compromise is reached. RBFCU will provide members with a one-time provisional credit if they are government employees or benefit payment recipients affected by the shutdown. "Serving our members is first-priority," said Sonya McDonald, senior vice president of market development. "Hard-working government employees and Social Security recipients shouldn't suffer because our lawmakers in Washington can't come to an agreement on spending."

The credit union will extend provisional credit to members who are identified as government employees or benefit payment recipients and who have an established direct deposit with RBFCU. These members will not be required to pay interest or fees to receive the provisional credit. "People are already struggling with the high costs of gas, food and other expenses," said McDonald. "We want to alleviate as much worry as possible for them during this stressful financial time. While we hope the government will resolve its issues, we are being proactive in providing solutions for our members in the event that a shutdown does occur."

Members who may be affected by the possible shutdown will be notified by the credit union regarding their options.


About Randolph-Brooks Federal Credit Union

Established in 1952, Randolph-Brooks Federal Credit Union is a full-service financial institution cooperative whose mission is to improve members' economic well-being and quality of life. With assets exceeding $4.3 billion, RBFCU serves more than 350,000 members from 38 branch locations throughout Texas.