Red Oak Credit Union is headquartered in Tuscaloosa and is the 49th largest credit union in the state of Alabama. It is also the 2,715th largest credit union in the nation. It was established in 1955 and as of September of 2022, it had grown to 14 employees and 4,828 members at 2 locations. Red Oak Credit Union has a C+ 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 | 14 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.25% |
Return on Equity - YTD | 4.25% |
Annual Interest Income | $864.00K |
Assets and Liabilities | ||
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Assets | Q3 2022vs Q3 2021 | $40.8MM$38.5MM |
Loans | Q3 2022vs Q3 2021 | $17.3MM$9.6MM |
Deposits | Q3 2022vs Q3 2021 | $38.4MM$34.2MM |
Equity Capital | Q3 2022vs Q3 2021 | $2.3MM$4.2MM |
Loan Loss Allowance | Q3 2022vs Q3 2021 | $240.00K$221.00K |
Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $196.00K$189.00K |
Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |
Rates for Red Oak Credit Union are currently being reviewed.
Red Oak Credit Union Locations | ||
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Branch Office | 1008 Veterans Memorial Pkwy | Tuscaloosa, AL 35404 |
Branch Office | 3100 McFarland Blvd | Northport, AL 35476 |