Guiding Principles
Create raving fans. Our nature is to put G.R.E.A.T. care and thought into everything we do.
Think bolder. We challenge ourselves to find meaningful solutions by focusing on personal development, sharing knowledge, and curiously exploring possibilities.
Change lives. We invest in the well-being of our members and communities to magnify opportunities to thrive both now and in the future.
History
Rave Financial was chartered July 30, 1935 as Magnolia Employees Beaumont Texas Federal Credit Union. It was one of the first federal credit unions in Jefferson County. By year-end 1935, the new credit union had 700 members, assets of $10,000 and the potential for over 5,000 members from its sponsor group, Magnolia Beaumont Refinery.
In 1959, the credit union changed its name to Mobiloil Federal Credit Union and again to Rave Financial in 2023. Rave Financial is now a community charter and currently has more than 75,000 members and assets exceeding $1 Billion.
We are Rave Financial, banking worth raving about.
Benefits and Eligibility
You gain tremendous—and we mean tremendous—advantages when you become a member of Rave Financial. So you might think there'd be some hurdles to get into this exclusive club but it turns out it's ridiculously easy. If you live, work, worship, or attend school in Jefferson, Chambers, Hardin, Jasper, Liberty, Newton, Orange, Tyler, Galveston, Harris, Montgomery, San Jacinto, Polk, Angelina, San Augustine, or Sabine County, or are related to an existing member, all you have to do is open a savings account and maintain a whopping balance of $5. You can get started online or call or visit any of our Experience Center locations.
Holiday Closures
2025 Holidays:
New Years Day – January 1, 2025
Martin Luther King, Jr. Day – January 20, 2025
Presidents' Day – February 17, 2025
Good Friday – April 18-19, 2025
Memorial Day – May 26, 2025
Juneteenth National Independence Day – June 19, 2025
Independence Day – July 4-5, 2025
Labor Day – September 1, 2025
Veterans Day – November 11, 2025
Thanksgiving – November 27-29, 2025
Christmas – December 24-25, 2025
Directory
Our team members make us who we are by being who they are. They have a passion for not only helping our members, but each other as well. Our goal is to continue our success by recruiting and employing those who truly have a desire to connect with our membership, find solutions, and help others.
Annual Reports
Assets, liabilities, equity, etc. It's all just fancy terminology for how we're doing as a credit union. If you're one of those really "interested" types, feel free to download our latest annual report.
Big Wallet Energy
Earn up to 6.10% APY.
Announcements
- Updated Phone System Menu
- Mobile App Account Deletion
- Name Change Announcement
- Protecting Your Money
- 2025 Holiday Closings
