LIVE OAK, Texas (12/22/14)--Randolph-Brooks FCU (RBFCU), with $6 billion in assets, surpassed 500,000 members last week.
The Live Oak, Texas-based credit union has grown from its founding nine members to the second-largest credit union in Texas and the 13th largest nationwide.
"Our communities see the value of RBFCU membership and continue to choose us to finance their homes and vehicles, and to provide the services they need to manage their accounts," said Sonya McDonald, RBFCU executive vice president/chief of staff. "We continue to welcome record numbers of new members each month because they recognize the many ways RBFCU helps them save time, save money and earn money."
One such way is its rewards program. Since Oct. 1, the credit union has been giving back members 20 cents on each debit card purchase--double its normal rewards level.
In addition to cresting the $6 billion-asset threshold in 2014, the credit union opened its 50th branch and held more than $4 billion in loans.