Officials comb through the banks of the Guadalupe River after a flash flood swept through the area Saturday, July 5, 2025, in Hunt, Texas. (AP Photo/Julio Cortez)
As historic flooding devastated communities across Central Texas, the Live Oak, Texas-based Randolph-Brooks Federal Credit Union (RBFCU) announced Tuesday a $100,000 donation to support recovery efforts and help families rebuild.
“In the wake of these devastating floods that have brought tragedy to our neighbors, friends, families and fellow Texans, RBFCU pledges to be a steadfast partner in the Hill Country’s recovery,” Mark Sekula, RBFCU's president/CEO, said. “Credit unions are about people helping people, and we hope that this is the start to help rebuild lives and restore hope.”
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The credit union will distribute the funds equally, $25,000 each, to Cross Kingdom Church, Kerr County Flood Relief, Texas Search and Rescue, and The Salvation Army. RBFCU employees are also encouraged to donate through the relief organizations' websites.
Meanwhile, the NCUA stated Monday it is closely monitoring conditions statewide and assisting credit unions impacted by the storms. Agency examiners have been in contact with affected credit unions to assess operations and offer support.
Federally insured deposits remain safe, the agency emphasized. The National Credit Union Share Insurance Fund protects individual accounts up to $250,000, with separate coverage for joint accounts and certain retirement accounts.
To support credit unions in emergency situations, the NCUA may:
- Encourage special loan terms for affected members;
- Reschedule examinations;
- Guarantee credit lines;
- Offer liquidity support through the Central Liquidity Facility; and
- Provide Urgent Needs grants for low-income-designated credit unions to restore operations.
The agency also urged credit unions needing help to contact their supervisory examiners and pledged to coordinate with state credit union leagues to ensure that all resources are accessible.
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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.
