For the first time in its 60-year history, Randolph-BrooksFederal Credit Union has surpassed the $3 billion lending mark.
|The $4.9 billion credit union in Live Oak, Texas attributed themilestone, in large part, to its low rates.
|Small business loans, mortgages, auto loans and credit cardshave all experienced marked growth, Randolph-Brooks said.
|Mark Sekula, executive vice president and chief lending officerat the credit union, said a low rate environment has helped membersmake necessary purchases without putting a strain on theirfinances. Borrowing opportunities have also helped South CentralTexas' economy.
|In August 2011, Randolph-Brooks celebrated another milestonewhen it surpassed $1 billon in auto loans for the first time.
|The credit union also has an active business lending program and has testified before Congress onsmall business lending issues.
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