Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Randolph-Brooks FCU welcomes 400000th member
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."


RSS print
News Now LiveWire
Learn how to stay competitive with new research blog from @CUNA's econ/statistics dept in Wed's #NewsNow
8 hours ago
#FOMC meeting watch: Change in forward guidance expected #Market #NewsNow http://t.co/PH41VN1j9l
10 hours ago
Member growth at #creditunion continues despite mill closure #NewsNow http://t.co/rNRjLBjvX9
11 hours ago
CA/NV league pres/CEO Dykstra in @sacbee_news: Retailers should hold accountability in data breaches http://t.co/odyHd9N2OG
12 hours ago
Fin. lit. ideas percolate during .@NW_Banking #tweetchat #NewsNow http://t.co/nSS9Iiw0e0
12 hours ago