Randolph Brooks Federal Credit Union Donates $150,000
Randolph Brooks Federal Credit Union Donates $150,000 to Alamo Colleges
At the regular meeting of the Alamo Colleges Board of Trustees January 22, Randolph Brooks Federal Credit Union (RBFCU) presented a giant "check" for $150,000 to create the Randy M. Smith Endowed Scholarship at the Alamo Colleges. Smith, former RBFCU president/CEO, currently serves as the senior advisor to the RBFCU board of directors. The gift represents one of the largest endowed scholarships in operation at the Alamo Colleges Foundation. The first scholarships will be awarded for the Fall 2013 semester.
“Establishing an endowed scholarship in Randy Smith’s name is a fitting tribute to a man who has dedicated his entire career to helping others," said Dr. Harry M. Edwards, chairman of the RBFCU board of directors. "He has supported many educational endeavors over the years and is the personification of the core credit union philosophy of 'People Helping People.' By providing this scholarship in his name, our credit union will be able to help young people achieve their educational goals while honoring Mr. Smith's legacy."
"We greatly appreciate RBFCU’s generosity in establishing this important endowment," said Michael D. Beldon, chairman of the Alamo Colleges Foundation. "As a committee chair and valued member of our foundation board, Randy’s leadership has played in a key role in the progress we’ve been able to achieve in recent years.”
Smith was named president/CEO of the organization in 1987 and served as CEO until December 31, 2012. He previously served as vice president of finance for five years. During his tenure as president/CEO, RBFCU received a number of accolades, including top ratings from major financial rating organizations. In addition, the National Association of Federal Credit Unions (NAFCU) selected RBFCU as the "Credit Union of the Year" and two of RBFCU's volunteers received NAFCU's "Volunteer of the Year" award. RBFCU was recognized by its federal regulator, the National Credit Union Administration, for service to smaller credit unions, and by the U.S. Air Force for services to military members. The credit union also was lauded for its significant outreach in financial literacy, which impacts thousands of students each year. The San Antonio Business Journal named RBFCU one of San Antonio's "Fast-Track Companies."
Smith is a certified public accountant with a master's degree in business administration. During his 27-year career in the U.S. Air Force (active duty and reserve), he was involved with the development and implementation of accounting systems, funds management, budgeting and information technology. As a CPA with the international accounting firm of Arthur Young (now Ernst and Young), he gained valuable experience in personal financial planning, tax planning and auditing.
Smith has served on various committees of state and national credit union organizations, including the Texas Credit Union League, the National Association of Federal Credit Unions, Credit Union National Association (CUNA), Credit Union Executives Society, and the Defense Credit Union Council. He served as the treasurer of the PULSE EFT Association, Houston, TX, from 1993 to 2004. He is a member of the board of directors of CUNA Mutual Group and a board member of National Association of Federal Credit Unions. He was a charter member of the Federal Reserve Bank of Dallas’ Community Depository Institutions advisory council and advised the Federal Reserve Board in Washington, DC, on community institutions’ issues.
Smith is actively involved in serving the community through his work with the Credit Unions for Kids fundraiser (Children’s Miracle Network) for children’s hospitals in San Antonio and Austin. He also served as chairman of the design committee for Northeast Lakeview College and was a member of the Citizen’s Bond Oversight Committee for the Alamo Community College District. In 2008, he was selected to serve on the Alamo Colleges' Foundation Board of Directors, where he is chair of the development committee. He was appointed to the board of trustees of United Way of San Antonio and Bexar County in 2007. He participates in the San Antonio Chamber of Commerce’s Military Liaison Program, serves as an Honorary Commander at Lackland Air Force Base and has duties at Ft. Sam Houston as the liaison to the Deputy to the Commanding General, US Army Medical Department Center and School.
Students are eligible to apply for the Randy M. Smith scholarship if they:
- Attend one of the Alamo Colleges as a full-time student (minimum 12 credit hours per semester)
- Are working toward a degree or certificate
- Have and maintain a cumulative 2.5 grade point average on a 4.0 scale
- Complete the Alamo Colleges Common Scholarship application available at www.alamo.edu
Since this is an endowed scholarship, the number and amount of awards will be determined by the funds available from the interest earned on the endowment.
About Randolph-Brooks Federal Credit Union
Established in 1952, Randolph-Brooks Federal Credit Union is a full-service financial cooperative whose mission is to improve members' economic well-being and quality of life. With assets exceeding $5 billion, RBFCU serves more than 410,000 members from more than 40 branch locations in Texas.
About Alamo Colleges
At the Alamo Colleges, high quality education and low costs provide exceptional value to students and alumni who are major contributors to the economy and culture of our community. For more information, visit our website at alamo.edu.