Overview / Commentary
3303 N Service Dr
Red Wing, MN 55066

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.
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Health Grade Components

NCUA #61778
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD1.26%
Return on Equity - YTD11.32%
Annual Interest Income$3.4MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$103.2MM$99.8MM
LoansQ4 2018vs Q4 2017$58.8MM$51.8MM
DepositsQ4 2018vs Q4 2017$91.4MM$89.1MM
Equity CapitalQ4 2018vs Q4 2017$11.4MM$10.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$198.00K$175.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$86.00K$408.00K
Real Estate OwnedQ4 2018vs Q4 2017$96.00K$0
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* 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

0.60%--Variable IRA Club Account
0.50%--Share Saving Account
0.50%--Club Account

Red Wing Credit Union Money Market Rates

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

0.40%--Direct Deposit Checking
0.40%--Golden Checking (Ages 55+) Account
0.40%$500-Premier Checking Account

Red Wing Credit Union CD Rates

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

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 Office3303 N Service DrRed Wing, MN 55066

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