Red Oak Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

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 49^th largest credit union in the state of Alabama. It is also the 2,550^th 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'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

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Health

Data as of Q1 2025

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 Chartered	1955
Employees	12
Primary Regulator

Profit Margin
Return on Assets - YTD	-0.4%
Return on Equity - YTD	-9.91%
Annual Interest Income	$497K

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$43.7MM$44.2MM
Loans	Q1 2025vs Q1 2024	$22.5MM$21.1MM
Deposits	Q1 2025vs Q1 2024	$32.1MM$34.7MM
Equity Capital	Q1 2025vs Q1 2024	$1.8MM$1.5MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$100K$233K
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$375K$353K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$0	-	Share (Savings)
0.10%	$0	-	Club Accounts

Red Oak Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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
0.20%	$0	-	IRA Savings

Locations

Red Oak Credit Union Locations
Branch Office	1008 Veterans Memorial Pkwy	Tuscaloosa, AL 35404
Branch Office	3100 McFarland Blvd	Northport, AL 35476

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