LIVE OAK, Texas – Yet another longtime credit union leader willbe stepping down.
|Randolph-Brooks Federal Credit Union CEO Randy M. Smith hasannounced plans to retire effective Dec. 31.
|Smith, who has served the credit union industry for some 30years and the Live Oak, Texas-based credit union since 1982, willserve as a senior adviser to the board of directors.
|Current President Christopher W. O'Connor has also been tappedto succeed Smith as CEO.
|Prior to joining RBFCU, Smith's career included work in publicaccounting and 27 years of service with the U.S. Air Force (activeduty and reserve).
|Under his leadership, since being named president/CEO in 1987,RBFCU has grown from $290 million with five branches to servingmore than 410,000 members with more than $5 billion in assets and abranch network that includes more than 40 locations throughout theSouth Central Texas area, including multiple branches in the SanAntonio and Austin metropolitan areas.
|During his tenure, the credit union has also launched suchinnovative products, as the Freedom Check Card, which pays members10 cents cash back on every debit card purchase. Over the past fiveyears, the Freedom Check Card program has returned more than $22million to members.
|In addition to his work on behalf of RBFCU, Smith has served asan advisor to the Federal Reserve Board on the Thrift InstitutionsAdvisory Council and the Community Depository Institutions AdvisoryCouncil. He currently serves on the board of directors for CUNAMutual Group and for NAFCU.
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