Red Wing Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.53% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 1.51% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
| 0.50% | Savings | 0.26% - National Average |
Red Wing Credit Union is headquartered in Red Wing and is the 42nd largest credit union in the state of Minnesota. It is also the 1,589th largest credit union in the nation. It was established in 1954 and as of December of 2018, it had grown to 16 employees and 7,903 members at 1 location. Red Wing Credit Union's money market rates are 93% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Goodhue County, Minnesota and to employees of Central Research Labs, Red Wing Business Systems, City of Red Wing, Red Wing Education Association, Dayco PTl, Red Wing Shoe Company, D. B. Industries, Riedell Shoes, Fairview Red Wing Health Services, S. B. Foot Tanning Company, Goodhue County, St. James Hotel, Josten's Diploma Division, Xcel Energy, Norwood Promotional Products, Inc.
See current membership details
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 61778 |
| Year Chartered | 1954 |
| Employees | 16 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.26% |
| Return on Equity - YTD | 11.32% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $103.2MM$99.8MM |
| Loans | Q4 2018vs Q4 2017 | $58.8MM$51.8MM |
| Deposits | Q4 2018vs Q4 2017 | $91.4MM$89.1MM |
| Equity Capital | Q4 2018vs Q4 2017 | $11.4MM$10.4MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $198.00K$175.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $86.00K$408.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $96.00K$0 |
Always verify rates and promotions with the bank or credit union. We are not Red Wing Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Red Wing Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.60% | - | - | Variable IRA Club Account | |
| 0.50% | - | - | Share Saving Account | |
| 0.50% | - | - | Club Account |
Red Wing Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.85%* | $50k* | - | Money Market Account | ||
| OTHER TIERS: 0.40% → $2.5k - $10k | 0.50% → $10k - $25k | 0.60% → $25k - $50k | |||||
Red Wing Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.40% | - | - | Direct Deposit Checking | |
| 0.40% | - | - | Golden Checking (Ages 55+) Account | |
| 0.40% | $500 | - | Premier Checking Account |
Red Wing Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.53% | $500 | - | 60 Month CD | |
| 2.33% | $500 | - | 48 Month CD | |
| 2.17% | $500 | - | 36 Month CD | |
| 2.02% | $500 | - | 24 Month CD | |
| 1.51% | $500 | - | 12 Month CD | |
| 1.01% | $500 | - | 6 Month CD | |
| 0.50% | $500 | - | 3 Month CD |
Red Wing Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.53% | $500 | - | 60 Month IRA | |
| 2.33% | $500 | - | 48 Month IRA | |
| 2.17% | $500 | - | 36 Month IRA | |
| 2.02% | $500 | - | 24 Month IRA | |
| 1.51% | $500 | - | 12 Month IRA | |
| 1.01% | $500 | - | 6 Month IRA | |
| 0.50% | $500 | - | 3 Month IRA |
| Red Wing Credit Union Locations | ||
|---|---|---|
| Branch Office | 3303 N Service Dr | Red Wing, MN 55066 |