RBFCU's headquarters in Live Oak, Texas (Source: RBFCU).
Randolph-Brooks Federal Credit Union in Live Oak, Texas, just northeast of downtown San Antonio, began 70 years ago with nine members and $45 in deposits. RBFCU has since grown to become the largest credit union in Texas with $14.6 billion in assets and recently crossed the million-member threshold with 1,000,715 members.
To honor its seven-decade existence, RBFCU created a special sweepstakes for members by giving away $100 to 70,000 members as a way "to celebrate credit union membership and loyalty."
"We believe the best way to say 'thank you' is to share our success with our members," RBFCU President/CEO Christopher O'Connor said. "RBFCU is fortunate to have members who are engaged, and this program is designed to reward them for that engagement. Loyalty spells success for everyone and allows us to continue to provide products and services that improve the economic well-being and quality of life for our members."
According to RBFCU, members automatically receive one entry into the sweepstakes for each of the qualifying products and services, which include:
- Active Consumer Checking Account with Freedom Debit Card;
- Consumer RBFCU Credit Cards;
- Consumer loans (excluding business commercial loans, business vehicle loans and fleet loans);
- Mortgage loans;
- Paperless statements; or
- an RBFCU membership.
RBFCU said in a statement that it has spread out the sweepstakes in three different payouts in October, November and December. The credit union also stated that it is giving $100 each to its 100 longest tenured members.
"Every day, we see members who trust us with life milestones, whether it's financing the first car for a child, helping them become a first-time homebuyer or simply keeping their accounts with us during a deployment or with a new job," O'Connor said. "We hope this Member Giveback Sweepstakes reflects our appreciation."
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Michael Ogden
Editor-in-Chief at CU Times. To connect, email at [email protected]. As Editor-in-Chief of CU Times since 2016, Michael Ogden has led the editorial team in all aspects of content strategy and execution, including the creation of the publication’s exclusive and proprietary research database of the credit union industry’s economic landscape. Under Michael’s leadership, CU Times has successfully shifted to an all-digital editorial product with new focuses on the payments, fraud, lending and regulatory beats. Most recently, he introduced a data-focused editorial product for subscribers that breaks down credit union issues into hard data, allowing for a deeper and more factual narrative for readers. In 2024, he launched the "Shared Accounts With CU Times" podcast, which offers a fresh, inside-the-newsroom perspective through interviews with leaders from the credit union industry and the regulatory world. He dives into pressing credit union issues, while revealing the personalities working behind-the-scenes to push the credit union world forward. His background includes years as a radio and TV anchor/reporter and a public relations and digital/social media manager, where he covered the food and music industries, as well as cooperatives and credit unions. Over the years, he has launched numerous exclusive video and podcast series, including a successful series of interactive backstage interviews with musicians at music festivals, showcasing his social media and live streaming production skills.
