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 understand that in today's world, having a reliable financial partner is crucial, and our commitment to your peace of mind is reflected in our strong financial position. With a
net worth of $148,408,894, we maintain robust financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of 1372 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$221,400,982 in share certificates and
$138,833,044 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$9,695,000, we ensure that our resources are focused 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, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with
$9,284 in used auto loans and an impressive total of
$820,026,027 in loans and leases. Our operational efficiency is evident as well; while our
net income stands at $0 for this reporting period due to strategic investments back into the credit union for member benefits, it reflects our commitment to long-term growth rather than short-term gains. We also take pride in having
305 full-time employees and
4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team. The trust of our members is vital to us; currently managing
152,604 total share accounts showcases a strong and growing member base that trusts us with their finances. As for net shares available for lending and investments? They amount to an encouraging
$2,999,711. At Rave Financial located at
1131 S Memorial Fwy Nederland TX 77627, your 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 our branch or call us at
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.
