Randolph-Brooks Federal Credit Union, based in Live Oak, Texas,has increased membership rapidly during the past several years,culminating recently in a milestone.
|The credit union now boasts 400,000 members throughout southcentral Texas. During the past year, Randolph-Brooks has grown its membership by 12%, and during the past five yearshas added almost 150,000 new members.
|According to CEO Randy M. Smith, the credit union's growthcontinues because consumers are looking for increased value intheir financial dealings.
|“Credit unions are able to serve consumers by giving back moreto their membership, charging lower fees and offering lower loanrates,” Smith said. “We're continuing to grow, in both membershipand assets because we put our members first, focusing on productsand services that meet their needs.”
|During the first quarter of the year, Randolph-Brooks also surpassed $5 billion in assets.
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