Redstone Federal Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.31%	5-year CD	60 Month Regular Share Certificate (Compounding) 1.85% - Synchrony Bank 60 Month CD
1.00%	4-year CD	48 Month Regular Share Certificate (Compounding) 1.40% - Ally Bank Raise Your Rate 4-Year CD
0.85%	3-year CD	36 Month Regular Share Certificate (Compounding) 1.55% - Ally Bank High Yield 3 Year CD

View all Redstone Federal Credit Union rates »

Overview / Commentary

www.redfcu.org

256-837-6110

220 Wynn Dr
Huntsville, AL 35893

Redstone Federal Credit Union is headquartered in Huntsville and is the largest credit union in the state of Alabama. It is also the 33^rd largest credit union in the nation. It was established in 1951 and as of June of 2016, it had grown to 827 employees and 387,293 members at 25 locations. Redstone Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership in Redstone Federal Credit Union is open to military and civilian personnel working at Redstone Arsenal, employees of Madison County, members of the National Guard in Madison, Morgan, and Limestone Counties and to over 1,000 local employer groups.
See current membership details

Redstone

Posted by: Justin14 | Jun 21, 2014

I have been using this Credit Union for almost 12 years now. They have treated me fairly and always been helpful in resolving any problems that I have encountered while banking with them. I have overdraft protection and security notifications which have made keeping track of my money and protecting it very easy. The only draw back that I have encountered is that they have not expanded the amount of branches that they have. They are solely located in Northern Alabama which can be a problem when I am travelling or conducting business throughout the State.

Reply

3

A Bit Slow, But Personable.

Posted by: ispringer | Mar 3, 2011

Redstone has been my alternate credit union for about a decade now. While there aren't many branches, or even free ATM's they are worth being a member of if you are local. They have an actual free checking account, with no minimum balance, and a decent interest rate on savings accounts as well.

Don't expect banking via your smartphone. There is a website, but it is... a bit clunky still. It has improved drastically, but still not up to the standards of the larger banks. On the other hand, you can talk to a human over the phone without going through an automated maze. If you have a problem they are quick to help as well.

If you need a simple small town bank they are hard to beat. No frills, but then again no random $15 "convenience" fees mysteriously showing up either. If you need a loan they are helpful, and don't drown you in paperwork either.

Not very glitzy, but more than adequate.

Reply

4

Health

A+

Data as of Q2 2016

Learn more about bank health

Health Grade Components

Overall
NCUA #	7544
Year Chartered	1951
Employees	827
Primary Regulator

Profit Margin
Return on Assets - YTD	0.71%
Return on Equity - YTD	6.7%
Annual Interest Income	$54.8MM

Assets and Liabilities
Assets	Q2 2016vs Q2 2015	$4.40B$3.87B
Loans	Q2 2016vs Q2 2015	$1.43B$1.31B
Deposits	Q2 2016vs Q2 2015	$3.55B$3.35B
Equity Capital	Q2 2016vs Q2 2015	$461.1MM$420.9MM
Loan Loss Allowance	Q2 2016vs Q2 2015	$16.6MM$18.1MM
Unbacked Noncurrent Loans	Q2 2016vs Q2 2015	$4.0MM$8.2MM
Real Estate Owned	Q2 2016vs Q2 2015	$263.00K$1.0MM

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