RBFCU Monthly Newsletter
 
 

Rely on RBFCU as your trusted financial partner.

 
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Although automakers are extending special financing terms during the COVID-19 pandemic, these offers may not be the best fit for your financial situation. Buying a car through our Preferred Dealers or Carvana with financing from RBFCU makes sense. We offer low rates, and qualified members can make their first payment up to 120 days from the loan date. Find your next car!
 
CONSIDER CAR FINANCING TERMS
 
 
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We realize that emergencies can drastically change your financial circumstances. Having money set aside for emergencies can help you weather the storm. With the safety and security of an RBFCU savings account, money market account and more, make the time now to start saving and earning money for your future.
 
CREATE AN EMERGENCY FUND
 
 
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Financial stability can be bolstered by home ownership during difficult times. The equity you’ve built in your home can be turned into cash that can be used for a number of reasons. A home equity loan can help you consolidate credit cards or other loans into one low monthly payment. If you’ve seen things around your house the past few weeks that need fixing, you can use the cash for that, too. Get all the details on the benefits of a home equity loan!
 
BENEFIT WITH HOME EQUITY
 
 
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Wherever you are in your higher education, get money for school from Sallie Mae. Whether you’re an undergraduate student, graduate student or a parent helping a student pay for school, these flexible loans are designed to meet your needs. Learn which loan is right for you!
 
PAY FOR COLLEGE RESPONSIBLY
 
 
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The RBFCU Retirement Program is dedicated to helping school employees learn how the tax benefits of supplemental 403(b) retirement plans offer attractive options to save more for the future. These plans typically offer the ability to make pre-tax or Roth contributions. Not quite sure which choice is right for you? An RBFCU Retirement Program Associate can help. Schedule a no-cost, no-obligation consultation by calling 1-833-291-1310 or email today.
 
BE SMART ABOUT 403(b) PLANS
 
 
 
 

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Auto loans for qualified members only, subject to credit review and approval. Rates and programs are subject to change without notice. Some restrictions may apply. Proof of income required for deferred payments. For complete details, contact the Consumer Lending Center.

Rates, terms and programs on savings products are subject to change without notice; other restrictions may apply. Minimum balance for a money market is $2,500; federally insured by the NCUA.

Total debts against the homestead, including HELOCs, are limited to 80 percent of the fair market value of the homestead. 30-year term only available for first liens. Borrower will be responsible for certain closing costs. If required, these closing costs may include title insurance, appraisal fee and survey costs. Hazard insurance is required. Home Equity Loans and HELOCs are subject to credit approval. Rates and terms are subject to change without notice. All RBFCU mortgage loans are available only on property in Texas. Home Equity loans and HELOCs are available on your primary residence only. As a safeguard, a 12-day cooling-off period is required by Texas law before Home Equity Loans or HELOCs may be closed. There is also a three-day right of rescission after closing before the funds may be disbursed. Minimum loan amount for a Home Equity Loan is $4,000. For HELOCs, a minimum $4,000 draw amount is required. HELOC Minimum Payment Requirements: Your minimum monthly payment will be calculated after each credit advance, and will be $14.00 per $1,000.00 of the outstanding balance after each advance rounded up to the nearest $1,000.00. Your payment amount will remain the same unless you obtain another credit advance. We will recalculate your payment each time you obtain an advance. Ex: a HELOC with $50,000 balance will require a $700 payment at the time of the draw ($50,000 balance ÷ 1,000 = 50 x $14 = $700). NMLS #583215.

Sallie Mae encourages students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan. These loans are made by Sallie Mae or a lending partner. RBFCU is not the creditor for these loans and is compensated by Sallie Mae for the referral of the loan customer.

RBFCU Investments Group LLC is a wholly-owned subsidiary of RBFCU Services LLC. RBFCU Services LLC is affiliated with Randolph-Brooks Federal Credit Union (RBFCU). Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with the financial institution to make securities available to members. Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. FR-3102838.1-0520-0622.

Federally Insured by NCUA   Federally Insured by NCUA. Equal Housing Lender.   Equal Housing Lender

© 2020 Randolph-Brooks Federal Credit Union, P.O. Box 2097, Universal City, Texas 78148-2097