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 share our financial strength with you, demonstrating our commitment to providing reliable services and support. With a
net worth of $148,408,894, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of 1372 shows 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 capacity to lend is strong; we have
$9,284 in used auto loans and a total of
$820,026,027 in loans and leases available to support your financial goals across various sectors. Our operational efficiency is reflected in our
net income of $0, which positions us to continue offering competitive loan rates and solid financial products for our members. 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. In total, we manage
152,604 share accounts, showcasing a strong and growing member base that trusts us with their finances. With net shares (funds available for lending and investments) totaling
$2,999,711, you can feel confident knowing your money is well managed. For additional reassurance regarding our performance insights and financial data sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov based on the latest results. 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 1100 N Main St Vidor Tx 77662 or call 409-892-1111 to learn more about how we can help you achieve your financial goals.
