LIVE OAK, Texas (7/23/12)--Among the credit unions making great strides in membership the past several years is Randolph-Brooks FCU (RBFCU), which hit the 400,000th-member milestone recently.
During the past year, the Live Oak, Texas-based credit union experienced a 12% increase in membership. It also has grown by nearly 150,000 new members during the past five years, said the credit union in a press release.
During first quarter of 2012, RBFCU also surpassed $5 billion in assets.
The credit union's growth was attributed to consumers looking for increased value in their financial dealings, according to RBFCU CEO Randy M. Smith.
"Credit unions are able to serve consumers by giving back more to their membership, charging lower fees and offering lower loan rates," Smith said. "We're continuing to grow, in both membership and assets, because we put our members first, focusing on products and services that meet their needs."