Infinity Texas Development is proud to host Rave Financial Credit Union in the Teas Ridge Business Park. As part of our “Tenant Spotlight” series of blogs, we want to showcase some of the reasons they’ve been a great partner for us—and why they can be a great partner for you.

Let’s start at the beginning. Rave Financial was chartered 89 years ago, back in 1935, as Magnolia Employees Beaumont Texas Federal Credit Union, becoming one of the first federal credit unions in Jefferson County. By the end of their first year, they had already grown to over 700 members and held assets of $10,000. If that doesn’t sound impressive, you’re forgetting inflation. In 1935, $10,000 was equivalent to approximately $222,000 in today’s money. As the credit union grew, it transitioned to a community charter, broadening its membership to include those who lived, worked, worshipped, or attended school in Hardin, Jefferson, and Orange counties.

In 1959, they opted for the much shorter name of Mobiloil Federal Credit Union, which they would keep until just recently. The name Rave, along with all the new branding, was introduced in 2023—a shift that reflects a broadened vision for what this small credit union has become and will continue to evolve into. Today, Rave Financial serves more than 75,000 members with assets exceeding $1 billion.

One of the key elements of Rave’s recent success is the usability of their digital banking platform, which allows members to manage accounts, apply for loans, and access financial education resources with ease. Additionally, they have made significant efforts to engage with their communities, sponsoring local events, providing financial literacy programs, and offering scholarships to students in need. For us, though, it’s their focus on personal (and personalized) service that speaks most to their success as a company. Every time we visit their suite, we see members receiving the attention and guidance they need.

At the time of writing, Rave is offering some extraordinary deals. For instance, you can earn up to 6.10% APY on their checking accounts—a compelling reason to consider joining. In fact, if you live, work, worship, or attend school in Angelina, Chambers, Galveston, Hardin, Harris, Jasper, Jefferson, Liberty, Montgomery, Newton, Orange, Polk, Sabine, San Augustine, San Jacinto, or Tyler County—or if you happen to be related to an already existing member, all it costs to sign up is $5.

You may have visited the Infinity Texas Development website to learn about our properties, but we won’t be surprised if you find yourself heading over to Rave Financial’s site to open an account now, and we say: That’s cool. Here’s their link.