Advertising Disclosure
  1. Banks
  2. Red Oak Credit Union

Red Oak Credit Union


Overview / Commentary
www.redoakcu.com
205-759-7317
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 2,550th largest credit union in the nation. It was established in 1955 and as of June of 2024, it had grown to 13 employees and 4,358 members at 2 locations. Red Oak Credit Union's money market rates are 8X the national average, but it 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

Related Posts

View all posts from:


Reviews

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



Health
C

Data as of Q2 2024

Learn why bank health matters
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%
Return on Equity - YTD-24.31%
Annual Interest Income$900K
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$44.4MM$42.5MM
LoansQ2 2024vs Q2 2023$21.8MM$19.4MM
DepositsQ2 2024vs Q2 2023$33.8MM$38.5MM
Equity CapitalQ2 2024vs Q2 2023$1.8MM$1.8MM
Loan Loss AllowanceQ2 2024vs Q2 2023$186K$311K
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$219K$299K
Real Estate OwnedQ2 2024vs Q2 2023$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%$0-IRA Savings
0.10%$0-Share (Savings)
0.10%$0-Club Accounts

Red Oak Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.30%*$100k*-Money Market Account
OTHER TIERS: 0.10% → $0 - $2.5k | 0.25% → $2.5k - $10k | 1.00% → $10k - $25k | 1.51% → $25k - $50k | 1.76% → $50k - $100k

Red Oak Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-60 Month Share Certificate
2.52%$500-48 Month Share Certificate
2.27%$500-36 Month Share Certificate
2.01%$500-24 Month Share Certificate
1.76%$500-18 Month Share Certificate
1.66%$500-12 Month Share Certificate
1.00%$500-6 Month Share Certificate

Red Oak Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.78%$500-60 Month IRA Certificate
2.52%$500-48 Month IRA Certificate
2.27%$500-36 Month IRA Certificate
2.01%$500-24 Month IRA Certificate
1.76%$500-18 Month IRA Certificate
1.66%$500-12 Month IRA Certificate
1.00%$500-6 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.