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 46th 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 June of 2021, it had grown to 13 employees and 4,470 members at 2 locations. Red Oak Credit Union has a B+ health rating.

Field of Membership Restrictions

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

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+
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-0.53%
Return on Equity - YTD-4.87%
Annual Interest Income$476.00K
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$40.8MM$36.7MM
LoansQ2 2021vs Q2 2020$9.8MM$10.0MM
DepositsQ2 2021vs Q2 2020$36.3MM$31.9MM
Equity CapitalQ2 2021vs Q2 2020$4.4MM$4.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$230.00K$233.00K
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$105.00K$627.00K
Real Estate OwnedQ2 2021vs Q2 2020$0$0
Rates
Skip to rates for:
Report an Issue

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.

Red Oak Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--IRA Savings
0.10%--Share (Savings)
0.10%--Club Accounts

Red Oak Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Money Market Account
OTHER TIERS: 0.10% $1k - $25k | 0.13% $25k - $50k

Red Oak Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-60 Month Share Certificate
0.33%$500-48 Month Share Certificate
0.28%$500-36 Month Share Certificate
0.23%$500-24 Month Share Certificate
0.15%$500-18 Month Share Certificate
0.10%$500-6 Month Share Certificate
0.10%$500-12 Month Share Certificate

Red Oak Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-60 Month IRA Certificate
0.33%$500-48 Month IRA Certificate
0.28%$500-36 Month IRA Certificate
0.23%$500-24 Month IRA Certificate
0.15%$500-18 Month IRA Certificate
0.10%$500-6 Month IRA Certificate
0.10%$500-12 Month IRA Certificate
Locations


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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.