Sep, 30, 2025 — RAVE FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in BEAUMONT, TX with 14 branch locations and about $1.16 billion in total assets. Opened 91 years ago in 1935, RAVE FINANCIAL CREDIT UNION has about 84,842 members and employs 280 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RAVE FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3535 Calder Ave BEAUMONT, TX 77706 |
| Phone: | (409) 892-1111 |
| Fax: | |
| Website: | https://www.bankwithrave.com |
| Branches: | 14 branch locations |
| Members: | 84,842 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68735 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,164,372,684 |
| CEO/Manager: | John M Doucet |
| Chairperson: | Gary Waldrop |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 74,833,554 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 294,250,838 |
| Unsecured Loans | 72,681,428 |
| Other Loans | 564,658,974 |
| TOTAL LOANS | 941,500,173 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,135,219 |
| Land And Building | 40,373,265 |
| Other Fixed Assets | 3,593,260 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,579,619 |
| All Other Assets | 1,095,110 |
| TOTAL ASSETS | 1,164,372,684 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 105,000,000 |
| Accounts Payable & Other Liabilities | 12,297,227 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 222,749,246 |
| Regular shares | 259,321,166 |
| All Other Shares & Deposits | 414,528,178 |
| TOTAL SHARES & DEPOSITS | 896,598,590 |
| TOTAL LIABILITIES | 1,014,136,509 |
| Regular Reserve | 0 |
| Other Reserves | 360,776 |
| Undivided Earnings | 149,875,399 |
| TOTAL EQUITY | 150,236,175 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,164,372,684 |
| INCOME & EXPENSE | |
| Loan Income | 39,008,746 |
| Investment Income | 2,844,213 |
| Other Income | 5,542,435 |
| Total Employee Compensation & Benefits | 18,563,279 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 15,950,278 |
| Non-operating Income & (Expense) | 146,306 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,141,534 |
| Cost of Funds | 13,160,302 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,202,144 |
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