Credit unions are not-for-profit cooperatives, owned by their members who save and borrow there. We exist to serve our members, not to make a profit, so credit unions do not issue stock or pay dividends to outside stockholders. Instead, we return our earnings to members by providing lower loan rates, generally pay higher dividends on deposits and charge lower fees.
Credit unions are a democracy. Each credit union member has equal ownership and one vote, regardless of how much money they have on deposit.
Every credit union is governed by a board of directors, elected by and from the credit union's membership. Board members serve voluntarily and receive no compensation.
Credit unions cannot serve the general public; instead, people must qualify for membership. People are eligible for credit union membership through their employer or organizational affiliations like churches or social groups, or a community-chartered credit union.
Credit unions provide beneficial education to their members so they can become better educated consumers of financial services. We not only focus on our adult members, but work to give our youth and young adults the skills they need to become financially savvy.
FAQs
Common ways to qualify for membership include your employer, place of worship, community organization, neighborhood or school. You may also qualify through immediate family members who are part of the credit union (spouse, children, parents, siblings, stepchildren, adopted relatives, etc.).
Do you have to be military to join RBFCU? ›
Do I have to be military-affiliated to join RBFCU? No, at RBFCU, we have more than 4,000 ways to qualify you for membership.
How do I add someone to my RBFCU account? ›
To add authorized RBFCU Business Select credit card users to your account, call our Payment Services Team at 210-945-3300, ext. 74571 or send us a secure message through your Online Banking account to begin the process. You'll need to include the authorized user's name and the limit you would like them to have.
How much can I withdraw from RBFCU daily? ›
Obtain balance information on your Savings, Checking, and Money Market Accounts. Some of these services may not be available at all terminals. Daily ATM Withdraw Limitations – You may withdraw up to $1,000 in aggregate of your Available Balance per day at ATMs for a 24 hour period that runs from midnight to midnight.
What bank owns RBFCU? ›
As a member-owned, not-for-profit financial cooperative, Randolph-Brooks Federal Credit Union is committed to serving our members' financial needs. Our mission is to improve our members' economic well-being and quality of life.
What is the minimum deposit for RBFCU? ›
Savings account benefits and features:
$1 minimum deposit to open account and earn stated Annual Percentage Yield (APY)
How much does RBFCU pay tellers? ›
$18 (Median Total Pay)
The estimated total pay range for a Teller at Randolph-Brooks Federal Credit Union is $16–$20 per hour, which includes base salary and additional pay. The average Teller base salary at Randolph-Brooks Federal Credit Union is $18 per hour.
Is RBFCU only in Texas? ›
You don't have to live in Texas to be a member of RBFCU.
Is RBFCU a good bank? ›
The National Credit Union Administration (NCUA) gives RBFCU a top rating. 14. Credit unions are No. 1 in customer service, because their members are No.
Can you open an RBFCU account online? ›
How do I open my account with RBFCU? You can complete your application online if you are 18 or older. It typically takes less than 15 minutes.
RBFCU serves more than 1 million members from a network of full-service branch locations in Texas, and has more than $18 billion in assets as of March 2024. It is the largest credit union in Texas and the 10th largest credit union in the United States, based on total assets.
How much is the courtesy pay fee at RBFCU? ›
If a member has not exhausted their specific Courtesy Pay dollar amount, RBFCU will cover additional charges without issuing a fee. For more information, read “What You Need to Know About Overdrafts and Overdraft Fees.” How much is an overdraft fee? Courtesy Pay fees are $24 per transaction.
How long does it take to get a debit card from RBFCU? ›
Cards arrive in a few business days in a plain, non-RBFCU branded envelope.
Can you withdraw $1000 from the bank? ›
Your ATM max withdrawal limit depends on who you bank with, as each bank or credit union establishes its own policies. Most often, ATM cash withdrawal limits range from $300 to $1,000 per day. Again, this is determined by the bank or credit union—there is no standard daily ATM withdrawal limit.
What is the cut off time for RBFCU ATM? ›
Our general cutoff time for a deposit made at one of our Automated Teller Machines (ATMs) is 7:00 p.m. Central Time. If you make a deposit on a Business Day before the applicable cutoff time, we will consider your deposit to be received that same day.
What is a membership officer at a credit union? ›
Membership Officer means the member of the Committee appointed to oversee membership of the Association.
