Redstone Federal Credit Union

Overview / Commentary
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 35th largest credit union in the nation. It was established in 1951 and as of September of 2019, it had grown to 1,062 employees and 463,371 members at 25 locations. Redstone Federal Credit Union's savings rates are 10X the national average, and it boasts 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

Related Posts

View all posts from:

Reviews (7)

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.

Best Bank for local Huntsville Economy!

Red Stone Federal Credit Union is a local bank out of Huntsville, AL. It's an adorable small bank with a lot of care. Each worker helps you out as much as possible with every question or problem. A lot of them know you by name and will help you get set up with many of the bank's banking options. On top of that, Their mobile app is super easy to use and it's TREMENDOUSLY helpful. Once you get the hang of it, You may find that local businesses offer 10% discounts/cashback for using the banking card making this a wonderful experience for everyone including the local Huntsville economy. I have never felt like I needed to change banks since I became a member!


Posted by: |

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.

Redstone Federal Credit Union Review

Redstone Federal Credit Union is a small credit union that is mainly local to Huntsville, Alabama. My experience with this bank was short, only about 8 months. The overall customer service at the Bank was fantastic. However, the interest rates on their money market accounts and other savings accounts were simply not competitive. Likewise, their home loan products and car loan products were not any better than Wells Fargo. The bank simply offered me no benefits that other banks do not do better. Thus, I removed my money from the money market account that I opened at Redstone Federal Credit Union in favor of a high interest rate savings account at Ally Bank.

A Bit Slow, But Personable.

Posted by: |

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.

Redstone -The Walmart Of Banking

redstone credit is a local concern in a poor state -Alabama- it is run by a clique of people who practice the worst form of nepotism this side of the mafia-instead of rewarding depositors with better rates they pocket profits to the president and all the vice presidents and assorted henchmen- I went to the meridianville branch and waited in line 30 minutes to see a teller because they are too worried about profits to hire front office staff- the big boy of this dog and pony show makes a hefty six figure salary not including perks and bonuses!- if you don't mind waiting in line forever and middle of the road is good enough -as long as the owners put up with this -this is how it will be -wake up members force a change!


Health Grade Components

NCUA #7544
Year Chartered1951
Primary Regulator
Profit Margin
Return on Assets - YTD0.98%
Return on Equity - YTD8.67%
Annual Interest Income$143.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$5.32B$4.81B
LoansQ3 2019vs Q3 2018$2.30B$2.04B
DepositsQ3 2019vs Q3 2018$4.63B$4.24B
Equity CapitalQ3 2019vs Q3 2018$596.6MM$480.0MM
Loan Loss AllowanceQ3 2019vs Q3 2018$27.2MM$21.5MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$7.3MM$5.4MM
Real Estate OwnedQ3 2019vs Q3 2018$129.00K$132.00K
Report an Issue

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

5.09%*-$2.5kBrighter Day Savings Account
OTHER TIERS: 0.40% $2.5k+
0.40%$5-IRA Savings
0.40%$5-Regular Share Account
0.40%$500-“You Name It” Share Account
0.40%--Christmas Club Share Account
0.40%--Endeavor Business Savings

Redstone Federal Credit Union Money Market Rates

0.95%*$100k*-Money Market Share Account
OTHER TIERS: 0.65% $2k - $5k | 0.75% $5k - $50k | 0.85% $50k - $100k
0.95%*$100k*-Endeavor Business Money Market
OTHER TIERS: 0.65% $2k - $5k | 0.75% $5k - $50k | 0.85% $50k - $100k

Redstone Federal Credit Union Checking Account Rates

0.25%*$50k*-Endeavor Business Plus Checking
OTHER TIERS: 0.10% $2k - $5k | 0.15% $5k - $50k

Redstone Federal Credit Union CD Rates

2.02%$100k-36 Month Jumbo Share Certificate Special (Compounding)
2.02%$1k-36 Month Member's Choice Share Certificate Special (Compounding)
2.02%$1k-36 Month Regular Share Certificate Special (Compounding)
2.00%$100k-36 Month Jumbo Share Certificate Special (Non-Compounding)
2.00%$1k-36 Month Member's Choice Share Certificate Special (Non-Compounding)
2.00%$1k-36 Month Regular Share Certificate Special (Non-Compounding)
1.76%$1k-144 Month Member's Choice Share Certificate (Compounding)
1.76%$1k-144 Month Regular Share Certificate (Compounding)
1.76%$100k-144 Month Jumbo Share Certificate (Compounding)
1.75%$1k-144 Month Member's Choice Share Certificate (Non-Compounding)
1.75%$1k-144 Month Regular Share Certificate (Non-Compounding)
1.75%$100k-144 Month Jumbo Share Certificate (Non-Compounding)
1.61%$1k-120 Month Member's Choice Share Certificate (Compounding)
1.61%$1k-120 Month Regular Share Certificate (Compounding)
1.61%$100k-120 Month Jumbo Share Certificate (Compounding)
1.60%$1k-120 Month Member's Choice Share Certificate (Non-Compounding)
1.60%$1k-120 Month Regular Share Certificate (Non-Compounding)
1.60%$100k-120 Month Jumbo Share Certificate (Non-Compounding)
1.59%$1k-108 Month Member's Choice Share Certificate (Compounding)
1.59%$1k-108 Month Regular Share Certificate (Compounding)
1.59%$100k-108 Month Jumbo Share Certificate (Compounding)
1.58%$1k-108 Month Member's Choice Share Certificate (Non-Compounding)
1.58%$1k-108 Month Regular Share Certificate (Non-Compounding)
1.58%$100k-108 Month Jumbo Share Certificate (Non-Compounding)
1.56%$1k-96 Month Member's Choice Share Certificate (Compounding)
1.56%$1k-96 Month Regular Share Certificate (Compounding)
1.56%$100k-96 Month Jumbo Share Certificate (Compounding)
1.55%$1k-96 Month Member's Choice Share Certificate (Non-Compounding)
1.55%$1k-96 Month Regular Share Certificate (Non-Compounding)
1.55%$100k-96 Month Jumbo Share Certificate (Non-Compounding)
1.45%$1k-84 Month Member's Choice Share Certificate (Compounding)
1.45%$1k-84 Month Regular Share Certificate (Compounding)
1.45%$100k-84 Month Jumbo Share Certificate (Compounding)
1.44%$1k-84 Month Member's Choice Share Certificate (Non-Compounding)
1.44%$1k-84 Month Regular Share Certificate (Non-Compounding)
1.44%$100k-84 Month Jumbo Share Certificate (Non-Compounding
1.38%$1k-72 Month Member's Choice Share Certificate (Compounding)
1.38%$1k-72 Month Regular Share Certificate (Compounding)
1.38%$100k-72 Month Jumbo Share Certificate (Compounding)
1.37%$1k-72 Month Member's Choice Share Certificate (Non-Compounding)
1.37%$1k-72 Month Regular Share Certificate (Non-Compounding)
1.37%$100k-72 Month Jumbo Share Certificate (Non-Compounding)
1.32%$1k-6 Month Regular Share Certificate (Compounding)
1.32%$100k-6 Month Jumbo Share Certificate (Compounding)
1.31%$100k-6 Month Jumbo Share Certificate (Non-Compounding)
1.31%$1k-6 Month Regular Share Certificate (Non-Compounding)
1.29%$1k-18 Month Regular Share Certificate (Compounding)
1.29%$100k-18 Month Jumbo Share Certificate (Compounding)
1.28%$100k-18 Month Jumbo Share Certificate (Non-Compounding)
1.28%$1k-18 Month Regular Share Certificate (Non-Compounding)
1.27%$1k-12 Month Regular Share Certificate (Compounding)
1.27%$100k-12 Month Jumbo Share Certificate (Compounding)
1.26%$1k-60 Month Regular Share Certificate (Compounding)
1.26%$100k-60 Month Jumbo Share Certificate (Compounding)
1.26%$100k-12 Month Jumbo Share Certificate (Non-Compounding)
1.26%$1k-12 Month Regular Share Certificate (Non-Compounding)
1.26%$1k-60 Month Member's Choice Share Certificate (Compounding)
1.25%$1k-24 Month Regular Share Certificate (Compounding)
1.25%$100k-24 Month Jumbo Share Certificate (Compounding)
1.25%$100k-60 Month Jumbo Share Certificate (Non-Compounding)
1.25%$1k-60 Month Regular Share Certificate (Non-Compounding)
1.25%$1k-60 Month Member's Choice Share Certificate (Non-Compounding)
1.24%$100k-24 Month Jumbo Share Certificate (Non-Compounding)
1.24%$1k-24 Month Regular Share Certificate (Non-Compounding)
1.23%$1k-48 Month Regular Share Certificate (Compounding)
1.23%$100k-48 Month Jumbo Share Certificate (Compounding)
1.23%$1k-48 Month Member's Choice Share Certificate (Compounding)
1.22%$100k-48 Month Jumbo Share Certificate (Non-Compounding)
1.22%$1k-48 Month Regular Share Certificate (Non-Compounding)
1.22%$1k-48 Month Member's Choice Share Certificate (Non-Compounding)

Redstone Federal Credit Union IRA Rates

2.02%$500-36 Month IRA Certificate
1.76%$500-144 Month IRA Certificate
1.61%$500-120 Month IRA Certificate
1.59%$500-108 Month IRA Certificate
1.56%$500-96 Month IRA Certificate
1.45%$500-84 Month IRA Certificate
1.38%$500-72 Month IRA Certificate
1.29%$5-18 Month IRA Certificate
1.27%$5-12 Month IRA Certificate
1.26%$500-60 Month IRA Certificate
1.25%$500-24 Month IRA Certificate
1.23%$500-48 Month IRA Certificate


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.