Overview / Commentary
Red Wing Credit Union is headquartered in Red Wing and is the 31st largest credit union in the state of Minnesota. It is also the 1,280th largest credit union in the nation. It was established in 1954 and as of March of 2025, it had grown to 27 employees and 9,614 members at 1 location. Red Wing Credit Union has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, or attend school in Goodhue County, Minnesota. Employees of 17 local Employer Groups (including the City of Red Wing and Xcel Energy) also qualify for membership.
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61778 |
| Year Chartered | 1954 |
| Employees | 27 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 9.54% |
| Annual Interest Income | $2.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $200.4MM$174.6MM |
| Loans | Q1 2025vs Q1 2024 | $103.9MM$100.3MM |
| Deposits | Q1 2025vs Q1 2024 | $180.9MM$158.4MM |
| Equity Capital | Q1 2025vs Q1 2024 | $19.1MM$16MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $334K$270K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $385K$233K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |