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.
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
|Return on Assets - YTD||0.01%|
|Return on Equity - YTD||0.27%|
|Annual Interest Income||$760.00K|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$42.5MM$36.4MM|
|Loans||Q2 2023vs Q2 2022||$19.4MM$15.1MM|
|Deposits||Q2 2023vs Q2 2022||$38.5MM$33.7MM|
|Equity Capital||Q2 2023vs Q2 2022||$1.8MM$2.7MM|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$0$164.00K|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$299.00K$208.00K|
|Real Estate Owned||Q2 2023vs Q2 2022||$0$0|
Rates for Red Oak Credit Union are currently being reviewed.
|Red Oak Credit Union Locations|
|Branch Office||1008 Veterans Memorial Pkwy||Tuscaloosa, AL 35404|
|Branch Office||3100 McFarland Blvd||Northport, AL 35476|