Red Oak Credit Union

Overview / Commentary
1008 Veterans Memorial Pkwy
Tuscaloosa, AL 35404

Red Oak Credit Union is headquartered in Tuscaloosa and is the 48th largest credit union in the state of Alabama. It is also the 2,624th largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 14 employees and 4,486 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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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

NCUA #63940
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.01%
Return on Equity - YTD0.27%
Annual Interest Income$760.00K
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$42.5MM$36.4MM
LoansQ2 2023vs Q2 2022$19.4MM$15.1MM
DepositsQ2 2023vs Q2 2022$38.5MM$33.7MM
Equity CapitalQ2 2023vs Q2 2022$1.8MM$2.7MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$164.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$299.00K$208.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0

Rates for Red Oak Credit Union are currently being reviewed.


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

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