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 49th largest credit union in the state of Alabama. It is also the 2,550th largest credit union in the nation. It was established in 1955 and as of March of 2025, it had grown to 12 employees and 4,293 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
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
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD-0.4%
Return on Equity - YTD-9.91%
Annual Interest Income$497K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$43.7MM$44.2MM
LoansQ1 2025vs Q1 2024$22.5MM$21.1MM
DepositsQ1 2025vs Q1 2024$32.1MM$34.7MM
Equity CapitalQ1 2025vs Q1 2024$1.8MM$1.5MM
Loan Loss AllowanceQ1 2025vs Q1 2024$100K$233K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$375K$353K
Real Estate OwnedQ1 2025vs Q1 2024$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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