13.0 Membership

Aug 27, 2019, 11:10 AM
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Become an RBFCU Member

Save Time, Save Money, Earn Money with a credit union membership

Becoming a member is the first step to taking advantage of the benefits RBFCU provides. There are more than 3,500 ways to qualify for membership and become part of the credit union, including where you live, work, worship or attend school.

Joining online is quick and easy! You can also open an account at any local branch.


Why should I join a credit union?

Consider membership with RBFCU if ...

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You like saving money

According to a recent survey by Credit Union National Association (CUNA), RBFCU households receive an estimated $405 annually in direct financial benefits1 compared to those that use other financial institutions.

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You want great loan rates

Credit unions like RBFCU provide a wide variety of options when it comes to lending, including low-rate auto loans, mortgage loans, credit cards and business loans.

RBFCU branch building

You want convenient access

With 60 branch locations across Texas, and convenient online and mobile account access, you can take advantage of your RBFCU membership anytime, anywhere.


Specialized Accounts Requirements

Here are the paperwork and documents you’ll need for a specialized account. 

Estate – All executors/administrators must have a primary savings.

  • Original certified copy of death certificate
  • EIN documentation (EIN or IRS letterhead)
  • Valid identification for the executors/administrators (e.g., driver’s license, U.S. military ID, passport)
  • Letter of testamentary or letters of administration – obtained by probate courts
  • Specialized account application – completed and signed by executors or administrators (internal RBFCU form)
  • Master membership application, if applicable (internal RBFCU form)

Representative payee/fiduciary – the ward must have a primary savings.

  • Award letter from the Social Security Administration from the Department of Veteran Affairs, or the U.S. Treasury Check reflecting representative payee or fiduciary status
  • Valid identification for representative payee or fiduciary (e.g., driver’s license, US military ID, passport)
  • Specialized account application – completed and signed by the representative payee or fiduciary (internal RBFCU form)
  • Master membership application, if applicable (internal RBFCU form)

Guardianship – The ward must have a primary savings.

  • Court issued permanent guardianship documents naming the ward and guardian
  • Valid identification for the guardian (e.g., driver’s license, U.S. military ID, passport)
  • Specialized account application – completed and signed by the guardian (internal RBFCU form)
  • Master membership application, if applicable (internal RBFCU form)

TUTMA – The minor must have a primary savings.

  • Valid identification for the custodian (e.g., driver’s license, U.S. military ID, passport)
  • Master membership application, if applicable (internal RBFCU form)
  • Specialized account application – completed and signed by the custodian (internal RBFCU form)

Revocable trust – all grantors/settlors must qualify for membership and at least one must have an account at RBFCU.

  • Valid identification for all trustees (e.g., driver’s license, U.S. military ID, passport)
  • Notarized trust documents naming the trust, grantors, beneficiaries, trustees, and successor trustees (if applicable)
  • EIN documentation (must be provided on IRS letterhead if the trust has an EIN)
  • Master membership application, if applicable (internal RBFCU form)
  • Specialized account application – completed and signed by the guardian (internal RBFCU form)

Irrevocable trust –All grantors/settlors and beneficiaries must qualify for membership and at least one must have an account at RBFCU.

  • Valid identification for all trustees (e.g., driver’s license, U.S. military ID, passport)
  • Notarized trust documents naming the trust, grantors, beneficiaries, trustees, and successor trustees (if applicable)
  • EIN documentation (must be provided on IRS letterhead if the trust has an EIN)
  • Master membership application, if applicable (internal RBFCU form)
  • Specialized account application – completed and signed by the trustees (internal RBFCU form)

Interest on lawyers trust account (IOLTA) – The attorney must have a primary savings.

  • Valid identification for the attorney (e.g., driver’s license, U.S. military ID, passport)
  • IOLTA notice to financial institution and foundation
  • Master membership application, if applicable (internal RBFCU form)
  • Specialized account application – completed and signed by the attorney (internal RBFCU form)
“I opened my RBFCU account while I was a student in San Marcos. Three car loans and a mortgage later, RBFCU is still the best. I’m a member for life!”

Membership FAQs

  • What is a credit union?

    Credit unions are not-for-profit cooperatives, owned by their members who save and borrow there. We exist to serve our members, not to make a profit, so credit unions do not issue stock or pay dividends to outside stockholders. Instead, we return our earnings to members by providing lower loan rates, generally pay higher dividends on deposits and charge lower fees.

    Credit unions are a democracy. Each credit union member has equal ownership and one vote, regardless of how much money they have on deposit.

    Every credit union is governed by a board of directors, elected by and from the credit union's membership. Board members serve voluntarily and receive no compensation.

    Credit unions cannot serve the general public; instead, people must qualify for membership. People are eligible for credit union membership through their employer or organizational affiliations like churches or social groups, or a community-chartered credit union.

    Credit unions provide beneficial education to their members so they can become better educated consumers of financial services. We not only focus on our adult members, but work to give our youth and young adults the skills they need to become financially savvy.

  • How do I qualify for membership with RBFCU?

    There are several ways to qualify for membership with RBFCU. Common ways to qualify for membership include your employer, place of worship, community organization, neighborhood or school. You may also qualify through immediate family members who are part of the credit union (spouse, children, parents, siblings, stepchildren, adopted relatives, etc.). You can complete a short online application to see if you qualify for membership.

    If you are unable to qualify through any of the options listed above, you may contact us and our member service specialists can help you determine if there are additional opportunities to qualify.

  • Why do I have to qualify for membership?

    Unlike banks that are open to anyone, laws require credit unions like RBFCU to have a defined field of membership, which means you have to be a member to access the products and services credit unions provide. There are a variety of ways to qualify based on where you work, live, worship or attend school. When you become a member of RBFCU, you take advantage of lower loan rates, higher dividends on deposits and lower fees.

  • How long does it take to qualify for membership?

    With more than 3,500 ways to become an RBFCU member, qualifying for membership is quick and easy. Join online or visit any RBFCU branch location.

  • Can my family members qualify for membership?

    Yes, your immediate family members can qualify for RBFCU membership through you. Immediate family members are defined as spouse, children, parents, siblings, stepparents, stepchildren and adopted relatives.

1Data according to CUNA Datatrac 12-month reporting period ending June 2019.