Enjoying a burst of member and loan growth in 2012, the $5.2billion Randolph-Brooks Federal Credit Union of Live Oak, Texas,said this week it is cementing its ties in the Austin market byopening its first regional headquarters, a new AdministrativeService Center.

Calling itself “the fastest-growing credit union in Austin,” the 400,000-membersuburban San Antonio credit union said its new center formallyopened last week in northwest Austin and is housing 50 employees inmember service, consumer and mortgage lending and businessservices.

In addition to the administrative unit, RBFCU is anticipatingfuture growth in the area and plans to open several new branchesthroughout metro Austin, said Sonya McDonald, senior vicepresident-planning/marketing development.

The exact timetable for the new branches to be opened next yearwas not spelled out but McDonald said RBFC is solidifying itscommitment to the capital city “based on the membership boom wehave received.”

Included in the branch sites are the Domain shopping center innorthwest Austin and a Slaughter Lane unit in south Austin.

Land has been purchased for a Dripping Springs facility andRBFCU is looking at purchasing land at MoPac and I-290, McDonaldsaid.

McDonald said RBFCU purchased the service center property inAustin in mid-2010 and rebuilt a former homebuilder's corporatelocation to meet credit union needs.

Last March RBFCU opened its first retail facility in a Randall'ssupermarket at the Steiner Ranch center and so far “we've beenpleased with the growth welcoming almost 250 new members,” McDonaldsaid.

“We are serving members where they need us – whether it's in oneof our new branches, online, by phone or by mobile,” she said, noting that in San Antonio RBFCUdeveloped a branch structure along major thoroughfares where thecity was seeing growth along Loop 1604 and along IH-10.

Overall, RBFCU said at the end of the second quarter itsannualized asset growth stood at 13.59%, loans at 10.18% anddeposits at 14.67%. RBFCU has capital of 13.63% and ROA of1.47.