RBFCU Surpasses $10 Billion in Assets
LIVE OAK, Texas (Feb. 24, 2020) — High-value service and positive member relationships have led Randolph-Brooks Federal Credit Union (RBFCU) to reach $10 billion in assets. RBFCU is currently the 12th largest credit union in the United States by asset size.
“We remain focused on our members even as we grow,” said RBFCU President and CEO Christopher O’Connor. “Saving members time and money will always be our guiding principle, and we will continue to offer competitive products and services to meet our members’ needs.
“The fact that RBFCU surpassed this asset level indicates our members appreciate a conservative financial partner that boldly expands its product and service offerings.”
RBFCU was established in 1952 with nine members and $45 in deposits. The credit union reached $100 million in assets in 1981. Nearly 70,000 new members joined RBFCU in 2019.
The credit union continues to expand within four major markets across Texas, which includes the San Antonio, Austin, Dallas-Fort Worth, and Corpus Christi regions. RBFCU also provides members access to their accounts and several other products and services through RBFCU’s award-winning Online Banking platform and RBFCU Mobile app.
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 $13 billion, RBFCU serves more than 950,000 members at 61 branch locations throughout Texas.
Salvador Guerrero, Assistant Vice President-Communications