Overview / Commentary
612-798-7100
9550 Lyndale Ave S
Bloomington, MN 55420

Richfield-Bloomington Credit Union is headquartered in Bloomington and is the 17th largest credit union in the state of Minnesota. It is also the 822nd largest credit union in the nation. It was established in 1957 and as of June of 2018, it had grown to 62 employees and 21,944 members at 3 locations. Richfield-Bloomington Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, volunteer, attend school or worship in Bloomington, Richfield, Fort Snelling, Edina, or the area around the Minneapolis/St. Paul airport.
See current membership details

Reviews (2)

Very happy with our bank

I wanted a financial institution that would provide top notch web and customer service support without getting lost in a LARGE corporation such as Wells Fargo. We found it in RBCU. From the first day that we ordered products and services from this institution, we had people following up with us to make sure our needs were being met. We needed checking and savings accounts as well as a way to manage our investments, and finding the products and services we needed was very easy to do.

Having just gotten married, we were searching for common accounts that we could share without letting go of the old ones that we had. In addition, our daughter had just gotten a sizeable inheritance from a deceased relative, and we were looking at having to protect those assets for her as well. We have been very happy with RBCU's level of service and protection. Every time we call, we get a person, not a series of automated responses. If we've been in a position to have to dispute or ask questions about charges, they are very prompt in taking care of them. They provide a level of service that I have not seen previously.

If You Need To Raise Your Blood Pressure This Is The Bank For You

Posted by: am_B | Sep 9, 2017

Their online banking system is at ten years outdated, which ultimately will leave you in the situation I just found myself in:
After three log-in attempts you get locked out of your account. Unlike a modern bank where you can reset your password via an email from the bank, you can only reset it by calling the bank on the phone and speaking with a banker. To make the process of doing this even more inconvenient and infuriating, they are only open until 5pm on weekdays and noon on Saturdays. If you attempt to reach them during the 3 hours they are open on Saturday, their phone-line is busy from the moment they open until the moment they close. So you're sh*t out of luck until Monday – I had to wait 4 DAYS to regain access to my account over the Labor Day weekend.

On top of that you can't pay your RBCU credit card through their website, you have to set up an account with another company that has a website from the 1990's called EzCard. And forget about setting up automatic payments on your RBCU online banking interface, the process will make you pull your hair out. And I'm supposed to believe a system this antiquated is secure and my financial data is safe??? Do yourself a favor and bank with a real bank



Health
B+

Health Grade Components

Overall
NCUA #60125
Year Chartered1957
Employees62
Primary Regulator
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD6.54%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$290.7MM$284.2MM
LoansQ2 2018vs Q2 2017$144.8MM$156.7MM
DepositsQ2 2018vs Q2 2017$264.3MM$257.8MM
Equity CapitalQ2 2018vs Q2 2017$23.6MM$23.3MM
Loan Loss AllowanceQ2 2018vs Q2 2017$1.4MM$2.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$844.00K$1.4MM
Real Estate OwnedQ2 2018vs Q2 2017$134.00K$413.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Richfield-Bloomington 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.

Richfield-Bloomington Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--IRA Share
0.05%--Regular Share
0.05%--Membership Share

Richfield-Bloomington Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$250k*-Premium Money Market
OTHER TIERS: 0.05% Up to $25k | 0.25% $25k - $100k | 0.35% $100k - $250k
0.25%*$25k*-Money Market
OTHER TIERS: 0.05% Up to $5k | 0.20% $5k - $25k

Richfield-Bloomington Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$500-Personal Checking
0.01%$2.5k-Business Checking

Richfield-Bloomington Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.57%*$25k*-60 to 84 Month CD
OTHER TIERS: 2.47% $500 - $10k | 2.49% $10k - $25k
2.32%*$25k*-48 to 59 Month CD
OTHER TIERS: 2.22% $500 - $10k | 2.24% $10k - $25k
2.07%*$25k*-36 to 47 Month CD
OTHER TIERS: 2.02% $500 - $10k | 2.04% $10k - $25k
0.45%*$25k*-24 to 35 Month CD
OTHER TIERS: 0.40% $500 - $10k | 0.42% $10k - $25k
0.35%*$25k*-12 to 23 Month CD
OTHER TIERS: 0.30% $500 - $10k | 0.32% $10k - $25k
0.25%*$25k*-6 to 11 Month CD
OTHER TIERS: 0.20% $500 - $10k | 0.22% $10k - $25k

Richfield-Bloomington Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.57%*$25k*-60 to 84 Month IRA
OTHER TIERS: 2.47% $500 - $10k | 2.49% $10k - $25k
2.32%*$25k*-48 to 59 Month IRA
OTHER TIERS: 2.22% $500 - $10k | 2.24% $10k - $25k
2.07%*$25k*-36 to 47 Month IRA
OTHER TIERS: 2.02% $500 - $10k | 2.04% $10k - $25k
0.45%*$25k*-24 to 35 Month IRA
OTHER TIERS: 0.40% $500 - $10k | 0.42% $10k - $25k
0.35%*$25k*-12 to 23 Month IRA
OTHER TIERS: 0.30% $500 - $10k | 0.32% $10k - $25k
Locations


Richfield-Bloomington Credit Union Locations
Branch Office4025 W Old Shakopee RdBloomington, MN 55437
Branch Office345 E 77th StRichfield, MN 55423
Branch Office9550 Lyndale Ave SBloomington, MN 55420

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