Press Releases


RBFCU to Return more than $6.6 Million to Consumers

LIVE OAK, Texas – Credit union members will reap the rewards of debit card use this month, as Randolph-Brooks Federal Credit Union will give members more than $6.6 million in debit card cash back.

RBFCU members who used a Freedom Check Card, the credit union's free debit card offering, to make purchases in 2011, will receive a rewards check this month. The credit union paid members 10 cents per debit card transaction, with a member loyalty bonus in the last quarter of the year.

From October 2011 to December 2011, Freedom Check Card users earned 15 cents, instead of the usual 10, on each debit card swipe. This benefit, which the credit union offered as a "thank you" to members who chose to use their checking product, contrasted sharply with the actions of several banks that announced new fees associated with debit card use.

“At a time when it seemed other institutions were finding opportunities to add fees and strain their customers' financial resources, RBFCU found a way to continue giving its members more,” said Sonya McDonald, senior vice president of planning and market development. “At our credit union, we give our members many opportunities to save money and earn money. The fee-free Freedom Check Card and its cash back reward program accomplish both, while at the same time providing an annual economic stimulus as our members spend and invest their rewards in their communities.”

This year's $6.6 million in debit card rewards is the largest annual reward amount RBFCU has paid to date. Since the inception of the program, the credit union's Freedom Check Card program has given more than $20 million back to South Central Texas.

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 $4.8 billion, Randolph-Brooks serves more than 375,000 members from 39 branch locations throughout South Central Texas.