Dec, 31, 2023 — RANDOLPH-BROOKS FEDERAL CREDIT UNION (RBFCU) is a federal credit union headquartered in LIVE OAK, TX with 63 branch locations and about $18.03 billion in total assets. Opened 72 years ago in 1952, RANDOLPH-BROOKS FEDERAL CREDIT UNION (RBFCU) has more than 1.1 million members and employs 2,372 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RANDOLPH-BROOKS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 IKEA-RBFCU Parkway LIVE OAK, TX 78233-2416 |
| Phone: | (210) 945-3333 |
| Fax: | (210) 637-4175 |
| Website: | https://www.rbfcu.org |
| Branches: | 63 branch locations |
| Members: | 1,118,688 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8111 |
|---|---|
| Membership Type: | Multiple common bond - Primarily military |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $18,029,493,040 |
| CEO/Manager: | Christopher O'Connor |
| Chairperson: | Edward M Polansky |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,389,053,891 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 19,616,619 |
| Real Estate Loans | 6,760,959,587 |
| Unsecured Loans | 844,430,309 |
| Other Loans | 4,385,626,879 |
| TOTAL LOANS | 11,992,221,806 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -100,693,670 |
| Land And Building | 226,201,563 |
| Other Fixed Assets | 63,299,938 |
| NCUSIF Deposit | 118,637,509 |
| All Other Assets | 3,932,155 |
| TOTAL ASSETS | 18,029,493,040 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,550,000,000 |
| Accounts Payable & Other Liabilities | 332,723,373 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,044,554,829 |
| Regular shares | 2,765,223,619 |
| All Other Shares & Deposits | 7,681,730,812 |
| TOTAL SHARES & DEPOSITS | 13,491,509,260 |
| TOTAL LIABILITIES | 16,375,618,933 |
| Regular Reserve | 0 |
| Other Reserves | 552,267,802 |
| Undivided Earnings | 1,101,606,305 |
| TOTAL EQUITY | 1,653,874,107 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 18,029,493,040 |
| INCOME & EXPENSE | |
| Loan Income | 535,897,178 |
| Investment Income | 230,563,715 |
| Other Income | 109,469,884 |
| Total Employee Compensation & Benefits | 236,845,830 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 189,934,772 |
| Non-operating Income & (Expense) | 887,324 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 49,987,788 |
| Cost of Funds | 327,188,640 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 216,859,238 |
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