Rave Financial Credit Union Beaumont TX | Best Auto Loans & Business Banking

Introduction

Welcome to Rave Financial, your trusted partner in financial well-being located at 2050 Carroll St, Beaumont, TX 77701. Since our establishment in 1935, we have been dedicated to serving our community with a focus on personal banking and member satisfaction. With a proud membership of over 80,568 individuals, we strive to make a positive impact on the lives of those we serve. At Rave Financial, we understand that every financial journey is unique. That's why we offer a comprehensive range of services tailored to meet your needs from checking and savings accounts to auto loans, mortgages, and business banking solutions. Our total assets exceed $1 billion, reflecting our commitment to stability and growth for our members. We currently manage over $57 million in deposits and have provided loans totaling 51,987, helping you achieve your dreams. Our leadership team, led by CEO John Doucet and Board President Gary Waldrop, ensures that every decision is made with your best interests in mind. Our dedicated staff of 309 employees is here to support you through personalized service and expert advice. While members can visit us at our branch location, official correspondence should be sent to P.O. Box 12849, Beaumont, TX 77726. For inquiries or assistance, feel free to contact us at 409-892-1111. Join us at Rave Financial where your financial goals are our priority! Visit our website at bankwithrave.com to learn more about how we can help you thrive financially. We look forward to welcoming you into the Rave family!

Branch History & Mission

Our Journey

Starting with humble beginnings, Rave Financial has evolved into a trusted institution for over 80,000 members. With total assets reaching an impressive $1,078,053,612, we've become a significant player in the local economy. Our branch is conveniently situated at 2050 Carroll St, Beaumont, TX 77701, easily accessible for all your banking needs. Just a stone's throw away from notable landmarks such as the Beaumont Civic Center and the charming local parks, we're proud to be part of this vibrant community. Throughout our history, we have made strides not just in expanding our offerings but also in embracing technology. Today, we provide modern conveniences like online banking and mobile payments while ensuring that our services remain ADA compliant and accessible for everyone. We recognize that financial literacy is vital; thus, we are committed to educating our members on sound financial practices through workshops and personalized guidance.

Our Mission

At Rave Financial, our mission is clear: We strive to enhance the lives of our members by offering tailored financial solutions that meet their unique needs. Whether it's personal banking services like checking and savings accounts or loans for vehicles and mortgages, we aim to empower individuals and businesses alike. We understand that financial challenges can arise unexpectedly; hence we offer debt consolidation options and credit cards with rewards designed to help you manage your finances better. In addition to serving your financial needs, we are dedicated to giving back to the community. Through partnerships with local organizations and outreach programs, Rave Financial plays an active role in supporting initiatives that uplift those around us. We believe that when one member thrives, we all thrive. While members can visit us at 2050 Carroll St for face-to-face service or utilize our drive-thru facilities during operating hours Monday through Friday we also encourage you to reach out via phone at 409-892-1111 for any inquiries or assistance. We invite you to join Rave Financial today! Experience firsthand how we're committed not only to your financial growth but also to enhancing the community we all cherish. Visit us online at bankwithrave.com or apply for membership here. Together, let's build a brighter financial future!

Branch Location & Accessibility

Convenient Access and Parking

Finding us is a breeze! Our location offers ample parking for both members and visitors. We understand the importance of accessibility; our branch is designed with ADA compliance in mind, featuring ramps and other facilities to ensure everyone can easily access our services.

Operating Hours That Work for You

At Rave Financial, we value your time. That's why our lobby hours are designed to fit your busy schedule: we're open Monday through Thursday from 9 AM to 5:30 PM and on Fridays until 6 PM. Please note that we are closed on Saturdays. If you prefer drive-thru banking, we've got you covered with drive-thru hours that align perfectly with lobby times.

Services Tailored for You

Our Carroll Street Branch is equipped to handle all your banking needs. Whether you're interested in opening a checking or savings account, applying for an auto loan, or exploring mortgage options, our knowledgeable staff is here to assist you every step of the way. Plus, with ATM availability and shared services for partner credit union members, banking with us is even more convenient!

Stay Connected

If you have any questions or need assistance, don't hesitate to call us at 409-892-1111. We're here to help! While you're welcome to visit us at our physical location at 2050 Carroll St, please remember that official correspondence should be sent to our mailing address at P.O. Box 12849, Beaumont, TX 77726 if it's different. We invite you to stop by and experience the friendly service at Rave Financial's Carroll Street Branch today! Your financial journey starts here let's achieve your goals together!

Member Eligibility

Becoming a member of Rave Financial is like stepping into a community that truly cares about your financial well-being. Located at 2050 Carroll St Beaumont Tx 77701, we welcome individuals who live, work, worship, or attend school in the area. If you're part of our local community, you're likely eligible to join us! Membership offers you access to a range of services tailored to meet your needs, from checking and savings accounts to auto loans and credit cards with rewards. It's an opportunity to be part of something special where your voice matters. Joining is straightforward and inclusive just visit our eligibility page for all the details on how you can qualify. Once you're ready, you can easily open an account by following the instructions on our account opening page. If you have any questions or need assistance, feel free to call us at (409) 892-1111. We can't wait for you to join our family at Rave Financial!

Business Banking & Commercial Services

Running a business is no small feat, and every decision counts. At Rave Financial, located at 2050 Carroll St Beaumont Tx 77701 in Beaumont, TX, we understand the challenges you face and are here to support your journey. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $156 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $9 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $48,641,921, we continue to drive economic growth by financing new and expanding businesses. Our range of business banking services includes tailored merchant solutions that simplify payment processing. Imagine being able to accept payments seamlessly while keeping your focus on what matters most growing your business. Let us partner with you to create a financial foundation that propels your success! For more information or to get started, give us a call at (409) 892-1111 or visit us today!

Comprehensive List Of Services

Additional Services

We also provide essential services like basic drive-thru banking for quick deposits and withdrawals as well as shared branch transactions for members of partner credit unions. This ensures that whether you're in a hurry or need personalized service, Rave Financial has got you covered.

Business Banking Services

For entrepreneurs and business owners, Rave Financial extends its services into the world of commerce with comprehensive business banking solutions. This includes merchant services designed to streamline transactions and business loans that empower growth and innovation.

Connect With Us

Ready to take control of your financial future? Reach out to us at 409-892-1111 or visit us in person at our Carroll Street Branch in Beaumont, TX. Explore all that we have to offer by visiting our website here. We're excited to help you achieve your financial goals!

Digital Banking Features

In today's fast-paced world, convenience is key. That's why Rave Financial offers robust online and mobile banking features that allow you to manage your accounts anytime, anywhere. From checking balances to making payments or transferring money through person-to-person services, everything is at your fingertips. Our ATMs are readily available for cash withdrawals, ensuring you have access when you need it most.

Lending Options for Every Need

Life can throw unexpected challenges your way, which is why we provide personal loans and debt consolidation services to help you regain control over your finances. Additionally, our credit cards with rewards offer not just convenience but also benefits that can enhance your spending power.

Personal Banking Solutions

Navigating your financial goals starts with reliable personal banking services. At Rave Financial, we offer checking and savings accounts that help you manage your day-to-day expenses while also saving for future aspirations. If you're considering purchasing a vehicle, our auto loans and vehicle financing options make it easy to get behind the wheel without breaking the bank. For those looking to buy a home or refinance an existing mortgage, our mortgage loans provide competitive rates and flexible terms to fit your budget.

Digital & Online Banking

Key Features

With our mobile application, banking is even more accessible. You can use it to pay bills, make person-to-person transfers, and handle other transactions right from your smartphone. Plus, if you prefer going paperless, e-statements are readily available for your convenience. Simply opt in and enjoy easy access to your statements without the clutter of physical paperwork. We also offer mobile payments, so you can make purchases directly from your phone without the need for cash or cards. This feature not only adds convenience but also enhances the security of your transactions. Plus, while electronic signature authorization isn't available yet, we continually look for ways to streamline your banking experience. At Rave Financial, we believe in making banking simple and effective for all our members. Our digital tools help you stay organized and in control of your finances while ensuring that everything remains safe and secure. Experience the ease of managing your money with us today!

Financial Strength

At Rave Financial, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to report strong financial health, which allows us to offer our members the best services possible. With a net worth of $148,408,894, we maintain robust financial strength, enabling us to provide better rates, lower fees, and enhanced member services. This solid foundation is reflected in our net worth ratio of $1,372, ensuring that we can continue offering loans and competitive savings rates even during uncertain economic times. Members' savings are secured through $221,400,982 in share certificates and $138,833,044 in money market shares, providing stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members; with non-member deposits at $9,695,000, our resources focus on benefiting you through better loan rates, lower fees, and exclusive perks. With $144,028,118 in undivided earnings, we reinvest in innovative banking tools and stronger lending options to serve our members better. Our lending capacity is also impressive, with $9,284 in used auto loans and $820,026,027 in total loans and leases supporting your financial goals across various sectors. Although our net income stands at $0, it reflects our commitment to operational efficiency. This ensures that we can keep providing competitive loan rates and solid financial products for our members. Our team consists of 305 full-time employees and 4 part-time employees who are always ready to assist you with a knowledgeable and committed approach. With net shares available for lending and investments at $2,999,711, we are well-prepared to support your needs. We proudly serve 152,604 accounts, showcasing a strong member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Rave Financial is your trusted partner. Visit us at 2050 Carroll St Beaumont Tx 77701 or call (409) 892-1111 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We currently have $220,768,006 in used vehicle loans and $198,892,440 in new vehicle loans already helping members get on the road. Whether you're considering a new or used vehicle, our dedicated team is here to guide you through the financing process.

Credit Lines and Unsecured Credit Cards

For those looking for more flexible borrowing options, we offer total credit lines of $165,210,928. Additionally, our unsecured credit card loans amounting to $38,620,795 help members manage their finances effectively without the burden of collateral. Enjoy peace of mind knowing that you have access to funds when you need them most.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $13,166,896, making buying or refinancing simple and accessible. We provide competitive rates and flexible terms to help you settle into your dream home with ease.

Refinancing and Eligibility Options

We also provide refinancing options for our existing members looking to lower their monthly payments or consolidate debt. If you're unsure about your eligibility for any of our products, feel free to reach out to us at 409-892-1111. Our knowledgeable staff is ready to assist you with any questions regarding our loan offerings and the application process. At Rave Financial, we are committed to providing personal service and competitive rates tailored to meet the diverse needs of our community. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore your options today by visiting us or calling us at (409) 892-1111! Let's work together toward achieving your financial dreams.

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Ensuring Accurate Comparisons

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Rave Financial