According to their webpage, Randolph Brooks Federal Credit Union is “Ranked among the top 25 of nearly 7,700 financial cooperatives, Randolph-Brooks is one of the strongest credit unions in the country with more than 400,000 members and total assets exceeding $5 billion. Recognized for financial stability, our credit union consistently receives the highest ratings of “Five Star” and “Superior” from two respected organizations that rate financial institutions in the United States.
Originally chartered in 1952 to serve personnel at Randolph Air Force Base, Randolph-Brooks has expanded to include employees and associates at more than 2,000 select groups and eight underserved communities in the San Antonio and Austin areas”.
As not only one of the largest credit unions in the State of Texas, but in the United States, RBFCU has been built on a formula of prudent lending and exceptional customer service. They have been a valuable resource to their members in both business and personal capacities. Part of this growth can be attributed to the flexibility they offer in lending products. RBFCU provides financing for a variety of assets including real estate, cars, trucks, boats, motorcycles, aircraft, and RV’s.
Although they have always remained a stable lender they occasionally take in some property due loan defaults. Whether it is a rough and tumble economy or other circumstances Randolph Brooks makes every attempt to be flexible with their borrowers, but sometimes a repossession (voluntary or not) is the only option left. In lieu of these credit union repo’s, RBFCU has developed a very effective way to reintroduce these orphaned vehicles back into the market. On their website they have created a page dedicated to selling these vehicles back to the public. The page is set up on a bidding platform where buyers can make offers that they feel are in line with the value of the asset.
For Texas car buyers interested in low priced credit union repo’s they are listed for sale on the-Randolph-Brooks Federal Credit Union repo list.
Many car buyers are happy to find out how professional the credit union is during the transaction. Although RBFCU isn’t in the business of selling cars, they’ve definitely had a lot of experience in facilitating these transactions, and will be able to navigate you through the process. Interested buyers who would like to view the RBFCU repo’s in person can arrange a time to visit their repo lot.
If you decide to purchase a credit union repossession from Randolph-Brooks don’t hesitate to contact a representative. Credit union repossessions are priced to sell very quickly. You’ll also want to make sure you have your purchase funds lined up prior to submitting an offer. It might even be a good idea to ask Randolph-Brooks Federal CU if they offer special financing terms on their repo sales. In most cases credit union repo’s are sold “as-is”. You’ll want to give the vehicle a thorough inspection and perhaps even get a trusted mechanic to inspect it too.