A Message from our President
Saving You More of Your Money
As you may or may not know, RBCU has a tradition of strong member growth. I would like to thank each and every one of you for this; long standing and new members alike. In particular, the past few years saw membership growth at almost unbelievable levels. Several years of such magnitude tell me a few things. Our long standing commitment to community and school support has been noticed and appreciated. Our efforts to build awareness of RBCU – our mission, our products and services, our excellent staff, have all had a positive impact. Most importantly, member growth like this only happens when many of you – hundreds or even thousands of you – are telling friends and family about RBCU. I’m humbled. When members share their stories and encourage others to join, it shows me that RBCU has a meaningful place in their lives; that we’re doing something right.
These days, RBCU members are a very diverse group of people, coming from all walks of life. Yet each and every one of you has taken the steps necessary to become members for a reason – you feel RBCU membership has value. Value can be defined a number of ways, but here I only have room to discuss the most basic principle: saving you more of your money. According to the Credit Union National Association’s (CUNA) latest membership benefits report, U.S. credit union member households save an average of $121 a year.
Of course, the exact amount you save depends on how many RBCU products and services you use. For instance, members with RBCU Visa Debit or ATM cards experience even more savings. The average ATM fee among all financial institutions as of 2012 is up to $2.10 per transaction, according to a study conducted by the U.S. Government Accountability Office. RBCU has two (2) large, nationwide, surcharge-free ATM networks offering members thousands of choices to access their accounts free of charge. The amount you save each time may sound small, but it quickly adds up.
You can even save money as you borrow. The loan interest rates right now at RBCU are very favorable. If you have a loan with another financial institution, take a moment to review your current loan rate and term. Consider visiting one of our branches and speaking with one of our Member Service Representatives. He or she can help explain your options and outline possible saving opportunities. If it has been a few years since you took out a mortgage, a car loan, or even a Visa card, you may find that you are still able to save money by refinancing with RBCU. I know many of you would rather do this sort of comparison on your own. Fortunately, it’s as easy as visiting rbcu.org and filling out a loan application to refinance one of your existing loans. Our staff will review your application and contact you with possible loan terms and monthly payment options. I’m guessing that any savings per month would put a smile on your face. If so, increase RBCU’s value to you by taking the time to compare.
RBCU’s outstanding member growth is gratifying to me and all the employees and volunteers working hard every day to provide the very best service they can. We know that what we do for you personally, and for our served communities as a whole, is important to you and it makes us proud. RBCU belongs to you and its communities as much as you belong to RBCU. It is a circle of mutual support that only credit union members can truly understand. And remember, the more products and services you use at RBCU, the more you save. It really is that simple.
I wish you all the best throughout 2014.