Press Release

Randy M. Smith Selected to Serve on
the Thrift Institutions Advisory Council

(Live Oak, Texas) – The Federal Reserve Board on December 31, 2008 announced the names of six new members of its Thrift Institutions Advisory Council (TIAC). Among the new members is Randy M. Smith, President and CEO of Randolph-Brooks Federal Credit Union (RBFCU), whose term continues through 2010

TIAC is a 12-member panel advisory group established by the Board in 1980 that includes representatives from savings and loan associations, savings banks, and credit unions. It meets three times each year with the Board of Governors to discuss developments relating to thrift institutions, the housing industry, mortgage finance, and regulatory issues.

"It's an honor to have been selected to serve as a member of this distinguished advisory group," said Smith. "I look forward to working with the other members of this council as we focus on the issues affecting financial services."

RBFCU was organized on Randolph Air Force Base in 1952 as a not-for-profit financial cooperative. After 56 years, RBFCU serves its more than 275,000 members from 30 branches throughout South Central Texas. With assets exceeding $3 billion, the credit union's mission remains the same: to help improve members' economic well-being and quality of life.