RBFCU Reaches New Record Holding More than $6 Billion in Deposits
LIVE OAK, Texas (June 6, 2016) — As one of the largest credit unions in Texas, Randolph-Brooks Federal Credit Union's (RBFCU) member-centric service model has helped the credit union to continue reaching milestones at a record pace, including recently surpassing $6 billion in total deposits from its nearly 700,000 members. RBFCU's consistent and steady growth is a testament to the credit union's stability and strength in the industry.
More than six decades ago, RBFCU opened with only nine members and $45 in deposits. This new milestone comes on the heels of the credit union recently reaching more than $5 billion in loans and $7 billion in assets in the past year. “Our loyal members have allowed us to thrive,” said Mary O'Rourke, executive vice president/chief of staff at RBFCU. “Our focus is to offer our members affordable financial services, at any stage along their financial journey, to improve their economic well-being and quality of life.” The financial cooperative, which serves members in the greater San Antonio, Austin and Dallas markets, is consistently ranked nationally as a leading financial institution.
“Reaching these milestones is always momentous to us, but we value our growth even more because we are able to achieve them while still maintaining a high level of service to our members,” said O'Rourke.
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 member's economic well-being and quality of life. With assets exceeding $7.5 billion, RBFCU serves nearly 700,000 members from 55 branch locations throughout Texas.