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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 47th largest credit union in the state of Alabama. It is also the 2,744th largest credit union in the nation. It was established in 1955 and as of September of 2020, it had grown to 12 employees and 4,500 members at 1 location. 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 Q3 2020

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
Employees12
Primary Regulator
Profit Margin
Return on Assets - YTD0.12%
Return on Equity - YTD0.93%
Annual Interest Income$811.00K
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$36.9MM$31.0MM
LoansQ3 2020vs Q3 2019$9.5MM$11.3MM
DepositsQ3 2020vs Q3 2019$32.2MM$26.3MM
Equity CapitalQ3 2020vs Q3 2019$4.7MM$4.6MM
Loan Loss AllowanceQ3 2020vs Q3 2019$225.00K$224.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$663.00K$617.00K
Real Estate OwnedQ3 2020vs Q3 2019$0$35.00K
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
0.40%--IRA Savings
0.20%--Share (Savings)
0.20%--Club Accounts

Red Oak Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Money Market Account
OTHER TIERS: 0.20% → $1k - $25k | 0.25% → $25k - $50k

Red Oak Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-60 Month Share Certificate
0.65%$500-48 Month Share Certificate
0.55%$500-36 Month Share Certificate
0.45%$500-24 Month Share Certificate
0.30%$500-18 Month Share Certificate
0.20%$500-12 Month Share Certificate
0.10%$500-6 Month Share Certificate

Red Oak Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%$500-60 Month IRA Certificate
0.65%$500-48 Month IRA Certificate
0.55%$500-36 Month IRA Certificate
0.45%$500-24 Month IRA Certificate
0.30%$500-18 Month IRA Certificate
0.20%$500-12 Month IRA Certificate
0.10%$500-6 Month IRA Certificate
Locations


Red Oak Credit Union Locations
Branch Office1008 Veterans Memorial PkwyTuscaloosa, AL 35404

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