Relief Options for Members Affected by Winter Storm

RBFCU is here to offer support to you and your family if you have been affected by the winter weather crisis. If you are a current RBFCU member facing financial difficulties because of damages you and your family have sustained, please let us know.

If you have other needs, please contact us. We may be able to work with you and offer additional options that will provide you with a little more peace of mind.

Thank you for your membership. Our thoughts are with you and your family at this time.

¹Loans are subject to credit approval. Some restrictions may apply. This rate is valid for new, 12-month Signature Loans only and is not valid for refinancing a current Signature Loan. Your monthly payment for the above loan terms would be approximately $87 per $1,000.

²For qualified members only. To ensure accurate processing of your deferral request, it should be received no later than seven days prior to your loan payment due date. By accepting this offer, you acknowledge that interest will continue to accrue on the outstanding balance of your loan, the maturity date will be extended and your regular payment will resume in the month following your skipped payment. Your final due date will be extended each time you accept a Skip-A-Payment and it is approved/processed. Four weekly, two bi-weekly or two semi-monthly payments will be treated as equal to one monthly payment. You must submit your request through Online Banking for payment deferral to occur. For members who have Guaranteed Asset Protection (GAP), claim coverage may not extend the amount of payment deferred and/or extend the length of the GAP contract. If you purchased Credit Life and Disability for your loan, claim coverage will not cover the amount resulting from accrued interest of payment(s) skipped during the life of this loan as well as any extension of dates impacting the Termination Age stated in the original payment schedule. We reserve the right to decline any request for any reason. Loan payments and rates stay the same and there is no fee or penalty to skip your payment. Payments will resume in the month following your skipped payment and unpaid interest will be collected first. Randolph-Brooks Federal Credit Union (RBFCU) is not responsible for starting or stopping ACH transactions originated at another financial institution. RBFCU is not responsible for starting or stopping any payments originated through an electronic bill pay service. If your payments are made by automatic transfer from another financial institution, please notify them regarding any ACH transactions associated with this account. If your loan is scheduled to be paid by an electronic bill pay service (i.e., Bill Pay, CheckFree, etc.), it is your responsibility to stop the payment so it does not process for the month you wish to skip. RBFCU is not responsible for any fees incurred on overdrawn accounts or assessed late payment fees. Skip-A-Payment is not available on real estate-related loans, business accounts, Mastercard^® credit cards and lines of credit through this promotion.

³Total 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.

⁴Loans subject to credit approval. Rates and terms subject to change without notice. RBFCU mortgage loans are available only on property in Texas. As a safeguard, a 5-day cooling-off period is required by Texas law before home improvement loans may be closed. A 3-day right of rescission is also required after closing before the funds may be disbursed. NMLS# 583215