Red Wing Credit Union


Overview / Commentary
651-388-7133
3303 N Service Dr
Red Wing, MN 55066

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

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Health

Health Grade Components

Overall
NCUA #61778
Year Chartered1954
Employees27
Primary Regulator
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD9.54%
Annual Interest Income$2.2MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$200.4MM$174.6MM
LoansQ1 2025vs Q1 2024$103.9MM$100.3MM
DepositsQ1 2025vs Q1 2024$180.9MM$158.4MM
Equity CapitalQ1 2025vs Q1 2024$19.1MM$16MM
Loan Loss AllowanceQ1 2025vs Q1 2024$334K$270K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$385K$233K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Rates for Red Wing Credit Union are currently being reviewed.

Locations


Red Wing Credit Union Locations
Branch Office3303 N Service DrRed Wing, MN 55066

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