Redstone Federal Credit Union


Overview / Commentary
256-837-0150
220 Wynn Dr
Huntsville, AL 35805

Redstone Federal Credit Union is headquartered in Huntsville and is the largest credit union in the state of Alabama. It is also the 37th largest credit union in the nation. It was established in 1951 and as of March of 2021, it had grown to 1,133 employees and 612,747 members at 37 locations. Redstone Federal Credit Union's savings rates are 4X the national average, and it 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 (AL) and members of the National Guard in the Alabama counties of Limestone, Madison, or Morgan, or Lincoln County in Tennessee also qualify, as do the employees/members of more than 1,500 Membership Partner groups.
See current membership details

Great Bank

I love Redstone Federal Credit Union. They have been our bank for several years. They have good and quick service. They also offer many different options for mortgages and loans. I really like their online banking and mobile options as well.

Redstone

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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.

My experience with redstone

Posted by: |

Redstone Federal Credit Union is a credit union located in northern Alabama. I have been a part of the credit union for the past 5 years. Overall, it has been a good experience. I like that when I get paid I do not have to worry about whether my money will be in the account. Generally, I can see the pending deposit one to two days before it post. I enjoy that Redstone has a rewards program, every time you use your debit card, they deposit a certain amount into your account (I'm not sure of the amount). My husband and I each have account a Redstone, making it very easy for us to transfer money to each other or other people who have Redstone. The app is very convenient. I am able to check my account, authorize transfers to other people, as well as apply for other things that may be interesting to me. One thing that has been very inconvenient is the bill pay feature has never worked for me. Another thing thay has been am issue is if I deposit money at the atm, I can not put the money directly into my checking account. I hasbed yo put the money into my savings account hem transfer to my checking account, due to always getting an error message. The customer service that I experience in all of the local branches is great. They all know me by name. I feel that is important.

Incompetent Employees When It Comes To Banking

The most incompetent employees if you want anything done right you need to do it yourself they won't even answer their phones dont even try to explain what you want done before you know it they close your bank account without your permission we had the same account for over 20 yrs I have given them so many chances even changed banks because they screwed us up twice now I get 1 fraud Check got a new account & waiting for our stimulus check to go in before we close our account been pending since Saturday now we received our fraud money back they closed the account went to bank they reopened it but too late no stimulus so guess we have to wait for gov to send a paper check been dealing with this bank over a month & having gall bladder surgery at the same time I'm devastated

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Health

Health Grade Components

Overall
NCUA #7544
Year Chartered1951
Employees1133
Primary Regulator
Profit Margin
Return on Assets - YTD1.39%
Return on Equity - YTD14.14%
Annual Interest Income$47.5MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$6.89B$5.71B
LoansQ1 2021vs Q1 2020$2.95B$2.38B
DepositsQ1 2021vs Q1 2020$6.17B$4.96B
Equity CapitalQ1 2021vs Q1 2020$660.6MM$630.1MM
Loan Loss AllowanceQ1 2021vs Q1 2020$35.4MM$30.8MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$9.7MM$9.4MM
Real Estate OwnedQ1 2021vs Q1 2020$370.00K$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Redstone Federal 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.

Redstone Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*-$2.5kBrighter Day Savings Account
OTHER TIERS: 0.10% $2.5k+
0.10%$5-IRA Savings
0.10%$5-Regular Share Account
0.10%$500-“You Name It” Share Account
0.10%--Christmas Club Share Account
0.10%--Business Endeavor Savings

Redstone Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Money Market Share Account
OTHER TIERS: 0.15% $2k - $5k | 0.20% $5k - $50k
0.25%*$50k*-Business Endeavor Money Market
OTHER TIERS: 0.15% $2k - $5k | 0.20% $5k - $50k

Redstone Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-Endeavor Plus Checking
OTHER TIERS: 0.05% $2k - $50k

Redstone Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.47%$1k-144 Month Member's Choice Share Certificate (Compounding)
1.47%$1k-144 Month Regular Share Certificate (Compounding)
1.47%$100k-144 Month Jumbo Share Certificate (Compounding)
1.46%$1k-144 Month Member's Choice Share Certificate (Non-Compounding)
1.46%$1k-144 Month Regular Share Certificate (Non-Compounding)
1.46%$100k-144 Month Jumbo Share Certificate (Non-Compounding)
1.31%$1k-120 Month Member's Choice Share Certificate (Compounding)
1.31%$1k-120 Month Regular Share Certificate (Compounding)
1.31%$100k-120 Month Jumbo Share Certificate (Compounding)
1.30%$1k-120 Month Member's Choice Share Certificate (Non-Compounding)
1.30%$1k-120 Month Regular Share Certificate (Non-Compounding)
1.30%$100k-120 Month Jumbo Share Certificate (Non-Compounding)
1.21%$1k-108 Month Member's Choice Share Certificate (Compounding)
1.21%$1k-108 Month Regular Share Certificate (Compounding)
1.21%$100k-108 Month Jumbo Share Certificate (Compounding)
1.20%$1k-108 Month Member's Choice Share Certificate (Non-Compounding)
1.20%$1k-108 Month Regular Share Certificate (Non-Compounding)
1.20%$100k-108 Month Jumbo Share Certificate (Non-Compounding)
1.13%$100k-96 Month Jumbo Share Certificate (Compounding)
1.12%$1k-96 Month Member's Choice Share Certificate (Compounding)
1.12%$1k-96 Month Member's Choice Share Certificate (Non-Compounding)
1.12%$1k-96 Month Regular Share Certificate (Compounding)
1.12%$1k-96 Month Regular Share Certificate (Non-Compounding)
1.12%$100k-96 Month Jumbo Share Certificate (Non-Compounding)
0.95%$1k-84 Month Member's Choice Share Certificate (Compounding)
0.95%$1k-84 Month Member's Choice Share Certificate (Non-Compounding)
0.95%$1k-84 Month Regular Share Certificate (Compounding)
0.95%$1k-84 Month Regular Share Certificate (Non-Compounding)
0.95%$100k-84 Month Jumbo Share Certificate (Compounding)
0.95%$100k-84 Month Jumbo Share Certificate (Non-Compounding
0.76%$1k-72 Month Member's Choice Share Certificate (Compounding)
0.76%$1k-72 Month Member's Choice Share Certificate (Non-Compounding)
0.76%$1k-72 Month Regular Share Certificate (Compounding)
0.76%$1k-72 Month Regular Share Certificate (Non-Compounding)
0.76%$100k-72 Month Jumbo Share Certificate (Compounding)
0.76%$100k-72 Month Jumbo Share Certificate (Non-Compounding)
0.52%$1k-60 Month Regular Share Certificate (Compounding)
0.52%$100k-60 Month Jumbo Share Certificate (Compounding)
0.52%$100k-60 Month Jumbo Share Certificate (Non-Compounding)
0.52%$1k-60 Month Regular Share Certificate (Non-Compounding)
0.52%$1k-60 Month Member's Choice Share Certificate (Compounding)
0.52%$1k-60 Month Member's Choice Share Certificate (Non-Compounding)
0.30%$1k-48 Month Regular Share Certificate (Compounding)
0.30%$100k-48 Month Jumbo Share Certificate (Compounding)
0.30%$100k-48 Month Jumbo Share Certificate (Non-Compounding)
0.30%$1k-48 Month Regular Share Certificate (Non-Compounding)
0.30%$1k-48 Month Member's Choice Share Certificate (Compounding)
0.30%$1k-48 Month Member's Choice Share Certificate (Non-Compounding)
0.19%$1k-36 Month Regular Share Certificate (Compounding)
0.19%$100k-36 Month Jumbo Share Certificate (Compounding)
0.19%$100k-36 Month Jumbo Share Certificate (Non-Compounding)
0.19%$1k-36 Month Regular Share Certificate (Non-Compounding)
0.19%$1k-36 Month Member's Choice Share Certificate (Compounding)
0.19%$1k-36 Month Member's Choice Share Certificate (Non-Compounding)
0.18%$1k-24 Month Regular Share Certificate (Compounding)
0.18%$100k-24 Month Jumbo Share Certificate (Compounding)
0.18%$100k-24 Month Jumbo Share Certificate (Non-Compounding)
0.18%$1k-24 Month Regular Share Certificate (Non-Compounding)
0.17%$1k-18 Month Regular Share Certificate (Compounding)
0.17%$100k-18 Month Jumbo Share Certificate (Compounding)
0.17%$100k-18 Month Jumbo Share Certificate (Non-Compounding)
0.17%$1k-18 Month Regular Share Certificate (Non-Compounding)
0.16%$1k-12 Month Regular Share Certificate (Compounding)
0.16%$100k-12 Month Jumbo Share Certificate (Compounding)
0.16%$100k-12 Month Jumbo Share Certificate (Non-Compounding)
0.16%$1k-12 Month Regular Share Certificate (Non-Compounding)
0.15%$1k-6 Month Regular Share Certificate (Compounding)
0.15%$100k-6 Month Jumbo Share Certificate (Compounding)
0.15%$100k-6 Month Jumbo Share Certificate (Non-Compounding)
0.15%$1k-6 Month Regular Share Certificate (Non-Compounding)

Redstone Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.47%$500-144 Month IRA Certificate
1.31%$500-120 Month IRA Certificate
1.21%$500-108 Month IRA Certificate
1.12%$500-96 Month IRA Certificate
0.95%$500-84 Month IRA Certificate
0.76%$500-72 Month IRA Certificate
0.52%$500-60 Month IRA Certificate
0.30%$500-48 Month IRA Certificate
0.19%$500-36 Month IRA Certificate
0.18%$500-24 Month IRA Certificate
0.17%$5-18 Month IRA Certificate
0.16%$5-12 Month IRA Certificate
Locations

Availability



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