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Red Wing Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.05%5-year CD60 Month CD
2.35% - Synchrony Bank 60 Month CDAdvertisement
0.35%1-year CD12 Month CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
0.25%SavingsShare Saving Account
1.20% - Goldman Sachs Bank USA Online SavingsAdvertisement
View all Red Wing Credit Union rates »

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

Red Wing Credit Union is headquartered in Red Wing and is the 41st largest credit union in the state of Minnesota. It is also the 1,635th largest credit union in the nation. It was established in 1954 and as of March of 2017, it had grown to 18 employees and 7,725 members at 1 location. Red Wing Credit Union's money market rates are 36% 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

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Health
A

Data as of Q1 2017

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 Wing Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #61778
Year Chartered1954
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD6.81%
Annual Interest Income$714.00K
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$96.6MM$90.7MM
LoansQ1 2017vs Q1 2016$47.1MM$42.3MM
DepositsQ1 2017vs Q1 2016$86.7MM$81.2MM
Equity CapitalQ1 2017vs Q1 2016$9.6MM$9.3MM
Loan Loss AllowanceQ1 2017vs Q1 2016$171.00K$160.00K
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$305.00K$140.00K
Real Estate OwnedQ1 2017vs Q1 2016$79.00K$105.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--Variable IRA Club Account
0.25%--Share Saving Account
0.25%--Club Account

Red Wing Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-Money Market Account
OTHER TIERS: 0.25% → $2,500 - $10k | 0.30% → $10k - $25k | 0.40% → $25k - $50k

Red Wing Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$500-Premier Checking Account
0.15%--Direct Deposit Checking
0.15%--Golden Checking (Ages 55+) Account

Red Wing Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$500-36 Month CD
1.05%$500-60 Month CD
0.90%$500-48 Month CD
0.50%$500-24 Month CD
0.35%$500-12 Month CD
0.25%$500-3 Month CD
0.25%$500-6 Month CD

Red Wing Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%$500-36 Month IRA
1.05%$500-60 Month IRA
0.90%$500-48 Month IRA
0.50%$500-24 Month IRA
0.35%$500-12 Month IRA
0.25%$500-3 Month IRA
0.25%$500-6 Month IRA
Locations


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