Red Crown Federal Credit Union
Red Crown Federal Credit Union is headquartered in Tulsa and is the 13th largest credit union in the state of Oklahoma. It is also the 1,083rd largest credit union in the nation. It was established in 1938 and as of September of 2022, it had grown to 72 employees and 23,191 members at 5 locations. Red Crown Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Red Crown Credit Union is open to those who live, work, worship, attend school, or volunteer in the Oklahoma counties of Creek, Mayes, Okmulgee, Osage, Pawnee, Rogers, Tulsa, or Wagoner. Businesses and other legal entities located in those same counties are also eligible to join.
See current membership details
Red Crown is great
I love my local Red Crown Credit Union. The tellers are so friendly. I have never been treated rudely. My son has a savings account there, also, and the kids' savings accounts are great as well. They provide literature to the children teaching them how to be financially responsible from a young age. There aren't many branches nearby - only one, but this is a small town, so more branches aren't needed. My savings account is connected to my checking, so on the off chance I run my checking over, the money can be withdrawn from my savings account for a small fee. My only complaint is with the interest rates on savings accounts and money market accounts. The interest rate seems quite low. Other than that this is a great credit union.
My Red Crown Experience
I held a checking and savings account with Red Crown Credit Union for nearly 5 years.
The majority of interaction I had with my account was online and I don't have anything negative to say about the user interface. It was easy to access my account and acquire the information that I needed.
The few times I did have to go into a branch the staff were very polite, respectful, and friendly. They handled my transactions and inquiries quickly. Several times they went above and beyond by telling me ways I could better manage my account by using the different services they offered for checking and savings accounts. Additionally, the one time I overdrew on my account the fee wasn't horrendous like many other institution's fees are.
If it weren't for my significant other having long term ties to her bank and wishing to join our finances I would bank with Red Crown Credit Union undoubtedly.
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2585 |
| Year Chartered | 1938 |
| Employees | 72 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 16.13% |
| Annual Interest Income | $6.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $259.3MM$268.4MM |
| Loans | Q3 2022vs Q3 2021 | $173.4MM$162.2MM |
| Deposits | Q3 2022vs Q3 2021 | $235.2MM$235.8MM |
| Equity Capital | Q3 2022vs Q3 2021 | $12.2MM$19.9MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $607.00K$972.00K |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $458.00K$317.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |