Press Releases

RBFCU RELEASES HISTORIC LOW RATE ON AUTO LOANS


LIVE OAK, Texas - Randolph-Brooks Federal Credit Union (RBFCU) recently released its lowest auto loan rate in its 61 years of serving South Central Texas.

Members have previously been able to take advantage of the savings and value of 1.9% APR rates on loans. Now, with this latest drop in rates, members who are planning to finance a new or used vehicle, or refinance from another financial institution will able to save even more, as RBFCU's new auto loan rates are listed as low as 1.65% APR.

“Being able to offer this historically low-rate auto loan gives our members the opportunity to save money and to improve their financial well-being,” said Christopher O'Connor, president and CEO of RBFCU. “Because consumers can receive this rate whether they buy new, used or refinance from another institution, we look forward to helping many consumers save money on vehicle purchases and car payments during the end of 2013 and into the New Year.”

According to personal finance site bankrate.com, auto loan rates nationally are in the 4 percent range, which makes RBFCU's low rate even more compelling for auto shoppers seeking affordable financing options.

About Randolph-Brooks Federal Credit Union

Established in 1952, Randolph-Brooks Federal Credit Union is a full-service financial cooperative whose mission is to improve members' economic well-being and quality of life. With assets exceeding $5.6 billion, RBFCU serves more than 445,000 members from more than 40 branch locations in Texas.