Red Oak Credit Union is headquartered in Tuscaloosa and is the 47th largest credit union in the state of Alabama. It is also the 2,744th largest credit union in the nation. It was established in 1955 and as of September of 2020, it had grown to 12 employees and 4,500 members at 1 location. Red Oak Credit Union has a B health rating.
Red Oak Credit Union is open to those who live, work, or go to school in Bibb, Fayette, Greene, Hale, Lamar, Pickens, Sumter, or Tuscaloosa County.
See current membership details
Overall | |
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NCUA # | 63940 |
Year Chartered | 1955 |
Employees | 12 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.12% |
Return on Equity - YTD | 0.93% |
Annual Interest Income | $811.00K |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $36.9MM$31.0MM |
Loans | Q3 2020vs Q3 2019 | $9.5MM$11.3MM |
Deposits | Q3 2020vs Q3 2019 | $32.2MM$26.3MM |
Equity Capital | Q3 2020vs Q3 2019 | $4.7MM$4.6MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $225.00K$224.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $663.00K$617.00K |
Real Estate Owned | Q3 2020vs Q3 2019 | $0$35.00K |
Always verify rates and promotions with the bank or credit union. We are not Red Oak Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
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0.40% | - | - | IRA Savings | |
0.20% | - | - | Share (Savings) | |
0.20% | - | - | Club Accounts |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.30%* | $50k* | - | Money Market Account | ||
OTHER TIERS: 0.20% → $1k - $25k | 0.25% → $25k - $50k |
Red Oak Credit Union Locations | ||
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Branch Office | 1008 Veterans Memorial Pkwy | Tuscaloosa, AL 35404 |