Texas Banking Giant RBFCU Expands Northward with Oklahoma's True Sky Merger
In a move that signals continued consolidation in the financial cooperative space, San Antonio-based Randolph-Brooks Federal Credit Union (RBFCU) has entered a definitive agreement to merge with Oklahoma's True Sky Federal Credit Union. The deal, pending regulatory and member approvals expected this quarter, will see the $19.2 billion-asset Texas institution absorb the $779.2 million-asset Oklahoma City counterpart.
The combined entity will operate under the RBFCU banner, extending the Texas giant's footprint into a new state. This merger arrives amid a notable uptick in credit union combinations. Industry analysis from CEO Advisory highlighted that the third quarter alone saw 41 mergers involving a striking $34 billion in combined assets—a figure that nearly matches the total asset volume of all mergers across the preceding three years.
"This union is about strength and shared heritage," said RBFCU President and CEO Mark Sekula. "Our parallel histories in serving aviation communities, both civilian and military, create a unique foundation. Together, we can deliver greater financial resilience, more sophisticated services, and deeper community support."
Founded 74 years ago at Randolph Air Force Base, RBFCU now serves over 1.1 million members through 64 Texas branches. True Sky, established 80 years ago by the Civil Aeronautics Administration, serves 64,000 members via 14 branches in the Oklahoma City metro area. The merger will blend RBFCU's robust financial performance—$287.56 million in net income last year—with True Sky's established local network, which returned to profitability in its most recent reporting period.
Analysts note the transaction is emblematic of a sector-wide push for scale. As operating costs and technological demands rise, mid-sized credit unions like True Sky are increasingly seeking partners to remain competitive against larger banks and fintechs.
Member & Analyst Reactions
Michael Torres, Financial Analyst in Dallas: "This is a strategic, geography-expanding play for RBFCU. The numbers make sense. They gain immediate scale in a new market with a culturally compatible institution. For True Sky members, the upside is access to a broader suite of products and digital capabilities."
Sarah Chen, True Sky Member in Edmond, OK: "I'm cautiously optimistic. I've been with True Sky since my first job at the FAA. I hope the personal service and community focus don't get lost in this 'scale' everyone talks about. RBFCU has a good reputation, but big isn't always better."
David Reeves, Small Business Owner in Oklahoma City: "Another local institution gets swallowed up. It's disheartening. We chose True Sky because it was our credit union, rooted here. Now it's just another branch of a Texas conglomerate. These mergers always promise 'more value,' but the reality is often less choice and more impersonal service."
Lisa Garcia, RBFCU Member in Live Oak, TX: "If this makes our credit union stronger and keeps our rates low, I'm for it. It sounds like True Sky members have a similar background with aviation, so it seems like a good fit culturally, not just financially."