Red Oak Credit Union


Overview / Commentary
205-759-7317
1008 Veterans Memorial Pkwy
Tuscaloosa, AL 35404

Red Oak Credit Union is headquartered in Tuscaloosa and is the 47th largest credit union in the state of Alabama. It is also the 2,532nd largest credit union in the nation. It was established in 1955 and as of December of 2024, it had grown to 13 employees and 4,337 members at 2 locations. Red Oak Credit Union has a C+ health rating.

Field of Membership Restrictions

Red Oak Credit Union is open to those who live, work, worship, or attend school in the Alabama counties of Bibb, Fayette, Greene, Hale, Lamar, Pickens, Sumter, or Tuscaloosa.
See current membership details

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Health
C+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Red Oak Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #63940
Year Chartered1955
Employees13
Primary Regulator
Profit Margin
Return on Assets - YTD-1.47%
Return on Equity - YTD-39.62%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$43.9MM$43.1MM
LoansQ4 2024vs Q4 2023$22.6MM$19.5MM
DepositsQ4 2024vs Q4 2023$32.6MM$33.9MM
Equity CapitalQ4 2024vs Q4 2023$1.6MM$1.8MM
Loan Loss AllowanceQ4 2024vs Q4 2023$101K$262K
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$104K$278K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
Rates

Rates for Red Oak Credit Union are currently being reviewed.

Locations


Red Oak Credit Union Locations
Branch Office1008 Veterans Memorial PkwyTuscaloosa, AL 35404
Branch Office3100 McFarland BlvdNorthport, AL 35476

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