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Red Oak Credit Union


Overview / Commentary
dchcu.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 2,791st largest credit union in the nation. It was established in 1955 and as of December of 2021, it had grown to 15 employees and 4,537 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.
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Health
B+

Data as of Q4 2021

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
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD-0.53%
Return on Equity - YTD-4.85%
Annual Interest Income$937.00K
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$37.8MM$37.2MM
LoansQ4 2021vs Q4 2020$9.2MM$9.8MM
DepositsQ4 2021vs Q4 2020$33.5MM$32.5MM
Equity CapitalQ4 2021vs Q4 2020$4.2MM$4.6MM
Loan Loss AllowanceQ4 2021vs Q4 2020$200.00K$230.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$359.00K$630.00K
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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* 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
1.01%$500-60 Month Share Certificate
0.91%$500-48 Month Share Certificate
0.81%$500-36 Month Share Certificate
0.71%$500-24 Month Share Certificate
0.65%$500-18 Month Share Certificate
0.60%$500-12 Month Share Certificate
0.40%$500-6 Month Share Certificate

Red Oak Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$500-60 Month IRA Certificate
0.91%$500-48 Month IRA Certificate
0.81%$500-36 Month IRA Certificate
0.71%$500-24 Month IRA Certificate
0.65%$500-18 Month IRA Certificate
0.60%$500-12 Month IRA Certificate
0.40%$500-6 Month IRA Certificate
Locations


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

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