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4 star rating based on 1 review.

Redstone Credit Union

Redstone Credit Union Locations
220 Wynn Dr
Huntsville, AL 35893
(256) 837-6110
www.redfcu.org

NCUA

Redstone Credit Union is headquartered in Huntsville and is the largest credit union in the state of Alabama. It is also the 34th largest credit union in the nation. It was established in 1951 and as of December of 2012, it had grown to 773 employees and 355,619 members. Redstone Credit Union has a 5-star health rating.

Related Posts

Top 5-Year CD and IRA CD Rates at Redstone Federal Credit Union in Alabama - Limited Membership - 2/3/2011

Redstone Federal Credit Union is offering some competitive long-term CD rates. The best one is the 5-year CD which has a 2.75% APY. Minimum deposit is $1,000. The 5-year IRA CD and Jumbo CD have a 2.8 ...



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See Rates for: Checking | Savings | Money Market | CD | IRA

Redstone Credit Union Checking Account Rates

ApyMinMaxProduct
0.15%$5k-Endeavor Plus Checking

Redstone Credit Union Savings Account Rates

ApyMinMaxProduct
0.15%--IRA Savings
0.15%--Roth IRA Savings
0.15%--Regular Share Account
0.15%$500-“You Name It” Share Account
0.15%--Christmas Club Share Account
0.15%--Endeavor Savings

Redstone Credit Union Money Market Rates

ApyMinMaxProduct
0.25%$5k-Money Market Share Account
0.25%$5k-Endeavor Money Market

Redstone Credit Union CD Rates

ApyMinMaxProduct
1.21%$100k-60 Month MemberPlus Jumbo Share Certificate (Compounding)
1.21%$1k-60 Month MemberPlus Regular Share Certificate (Compounding)
1.20%$100k-60 Month MemberPlus Jumbo Share Certificate (Non-Compounding)
1.20%$1k-60 Month MemberPlus Regular Share Certificate (Non-Compounding)
0.95%$1k-60 Month Regular Share Certificate (Compounding)
0.95%$100k-60 Month Jumbo Share Certificate (Compounding)
0.95%$100k-48 Month MemberPlus Jumbo Share Certificate (Compounding)
0.95%$1k-48 Month MemberPlus Regular Share Certificate (Compounding)
0.95%$100k-48 Month MemberPlus Jumbo Share Certificate (Non-Compounding)
0.95%$1k-48 Month MemberPlus Regular Share Certificate (Non-Compounding)
0.95%$100k-60 Month Jumbo Share Certificate (Non-Compounding)
0.95%$1k-60 Month Regular Share Certificate (Non-Compounding)
0.70%$1k-48 Month Regular Share Certificate (Compounding)
0.70%$100k-48 Month Jumbo Share Certificate (Compounding)
0.70%$100k-36 Month MemberPlus Jumbo Share Certificate (Compounding)
0.70%$1k-36 Month MemberPlus Regular Share Certificate (Compounding)
0.70%$100k-36 Month MemberPlus Jumbo Share Certificate (Non-Compounding)
0.70%$1k-36 Month MemberPlus Regular Share Certificate (Non-Compounding)
0.70%$100k-48 Month Jumbo Share Certificate (Non-Compounding)
0.70%$1k-48 Month Regular Share Certificate (Non-Compounding)
0.50%$100k-24 Month MemberPlus Jumbo Share Certificate (Compounding)
0.50%$1k-24 Month MemberPlus Regular Share Certificate (Compounding)
0.50%$100k-24 Month MemberPlus Jumbo Share Certificate (Non-Compounding)
0.50%$1k-24 Month MemberPlus Regular Share Certificate (Non-Compounding)
0.45%$1k-36 Month Regular Share Certificate (Compounding)
0.45%$100k-36 Month Jumbo Share Certificate (Compounding)
0.45%$100k-18 Month MemberPlus Jumbo Share Certificate (Compounding)
0.45%$1k-18 Month MemberPlus Regular Share Certificate (Compounding)
0.45%$100k-18 Month MemberPlus Jumbo Share Certificate (Non-Compounding)
0.45%$1k-18 Month MemberPlus Regular Share Certificate (Non-Compounding)
0.45%$100k-36 Month Jumbo Share Certificate (Non-Compounding)
0.45%$1k-36 Month Regular Share Certificate (Non-Compounding)
0.40%$100k-12 Month MemberPlus Jumbo Share Certificate (Compounding)
0.40%$1k-12 Month MemberPlus Regular Share Certificate (Compounding)
0.40%$100k-12 Month MemberPlus Jumbo Share Certificate (Non-Compounding)
0.40%$1k-12 Month MemberPlus Regular Share Certificate (Non-Compounding)
0.35%$100k-6 Month MemberPlus Jumbo Share Certificate (Compounding)
0.35%$1k-6 Month MemberPlus Regular Share Certificate (Compounding)
0.35%$100k-6 Month MemberPlus Jumbo Share Certificate (Non-Compounding)
0.35%$1k-6 Month MemberPlus Regular Share Certificate (Non-Compounding)
0.25%$1k-24 Month Regular Share Certificate (Compounding)
0.25%$100k-24 Month Jumbo Share Certificate (Compounding)
0.25%$100k-24 Month Jumbo Share Certificate (Non-Compounding)
0.25%$1k-24 Month Regular Share Certificate (Non-Compounding)
0.20%$1k-18 Month Regular Share Certificate (Compounding)
0.20%$100k-18 Month Jumbo Share Certificate (Compounding)
0.20%$100k-18 Month Jumbo Share Certificate (Non-Compounding)
0.20%$1k-18 Month Regular Share Certificate (Non-Compounding)
0.15%$1k-12 Month Regular Share Certificate (Compounding)
0.15%$100k-12 Month Jumbo Share Certificate (Compounding)
0.15%$100k-12 Month Jumbo Share Certificate (Non-Compounding)
0.15%$1k-12 Month Regular Share Certificate (Non-Compounding)
0.10%$1k-6 Month Regular Share Certificate (Compounding)
0.10%$100k-6 Month Jumbo Share Certificate (Compounding)
0.10%$100k-6 Month Jumbo Share Certificate (Non-Compounding)
0.10%$1k-6 Month Regular Share Certificate (Non-Compounding)

Redstone Credit Union IRA Rates

ApyMinMaxProduct
1.21%$500-60 Month MemberPlus IRA Certificate
1.21%$500-60 Month MemberPlus Roth IRA Certificate
0.95%$500-60 Month IRA Certificate
0.95%$500-60 Month Roth IRA Certificate
0.95%$500-48 Month MemberPlus IRA Certificate
0.95%$500-48 Month MemberPlus Roth IRA Certificate
0.70%$500-48 Month IRA Certificate
0.70%$500-48 Month Roth IRA Certificate
0.70%$500-36 Month MemberPlus IRA Certificate
0.70%$500-36 Month MemberPlus Roth IRA Certificate
0.50%$500-24 Month MemberPlus IRA Certificate
0.50%$500-24 Month MemberPlus Roth IRA Certificate
0.45%$500-36 Month IRA Certificate
0.45%$500-36 Month Roth IRA Certificate
0.45%--18 Month MemberPlus IRA Certificate
0.45%--18 Month MemberPlus Roth IRA Certificate
0.25%$500-24 Month IRA Certificate
0.25%$500-24 Month Roth IRA Certificate
0.20%--18 Month IRA Certificate
0.20%--18 Month Roth IRA Certificate

Rates updated: 5/24/2013

Data for Q4 2012


Institution Statistics


REDSTONE
NCUA #7544
BankRate ReportView
Year Chartered1951
Employees773
Primary Regulator

Assets and Liabilities

Assets$3.43 billion
Loans$1.31 billion
Deposits$2.98 billion
Equity Capital$356.92 million
Loan Loss Allowance$19.05 million
Unbacked Noncurrent Loans$18.23 million
Real Estate Owned$3.09 million

Historic Data - December 2011

Assets$3.19 billion
Equity Capital$337.03 million
Loan Loss Allowance$19.37 million
Unbacked Noncurrent Loans$19.29 million
Real Estate Owned$3.34 million

Profit Margin - Quarterly

Net Interest Margin5.02%
Return on Assets0.99%
Return on Equity9.49%
Interest Income$104.45 million
Non-Interest Income$61.89 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Redstone Credit Union had $21.32 million in non-current loans and owned real-estate with $375.97 million in equity and loan loss allowances on hand to cover it. This gives Redstone Credit Union a Texas Ratio of 5.67% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Redstone Credit Union held steady from 6.35% as of December 31, 2011 to 5.67% as of December 31, 2012, resulting in a positive change of 10.68%.This indicates that the balance sheet and financial strength for Redstone Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Redstone Credit Union has increased its total deposits by $196.53 million, resulting in 7.05% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Redstone Credit Union has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Redstone Credit Union has $3.43 billion in assets with $375.97 million in equity, resulting in a capitalization level of 10.97%, which is above average.
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A Bit Slow, But Personable.
4 stars - ispringer - Thursday, March 3, 2011 - 9:06 PM

Redstone has been my alternate credit union for about a decade now. While there aren't many branches, or even free ATM's they are worth being a member of if you are local. They have an actual free checking account, with no minimum balance, and a decent interest rate on savings accounts as well.

 

Don't expect banking via your smartphone. There is a website, but it is... a bit clunky still. It has improved drastically, but still not up to the standards of the larger banks. On the other hand, you can talk to a human over the phone without going through an automated maze. If you have a problem they are quick to help as well.

If you need a simple small town bank they are hard to beat. No frills, but then again no random $15 "convenience" fees mysteriously showing up either. If you need a loan they are helpful, and don't drown you in paperwork either.

Not very glitzy, but more than adequate.

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