RED LAKE CO OP

PO BOX 154
Red Lake Falls, MN 56750

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 6144
Date Established 1949
Assets $6.83 million
Loans $4.49 million
Deposits $6.11 million
Capital $0.71 million

Red Lake Co Op is an NCUA insured institution located in Red Lake Falls, MN. It was founded in 1949 and has approximately $6.83 millions in assets.

Deposit Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

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Loan Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for RED LAKE CO OP

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.529% 3.500% 0.38 $898 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

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Third Federal Savings and Loans
Third Federal Savings and Loans
4.240 %
$0 Learn More
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Branches

Below are Red Lake Co Op branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Red Lake Co Op Locations


Financial Details

Red Lake Co Op Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Red Lake Co Op. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Red Lake Co Op U.S. Average
0.95% 6.77

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2019, Red Lake Co Op had $6,873 in non-current loans and $0 in owned assets. To cover these potential losses it had $711,811 in net worth and $12,845 in loans loss reserves. That gives it a Texas Ratio of 0.95%.

Net Worth
Red Lake Co Op U.S. Average
10.41% 13.47%

Red Lake Co Op FCU has a net worth of 10.41% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Red Lake Co Op

Branches and Savings

What is Red Lake Co Op?

A federal credit union, registered with the NCUA under certificate #6144.
Learn more about credit unions here.

Is Red Lake Co Op FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Red Lake Co Op?

Please see Field of Membership information above for information on who is eligible to join.

What are Red Lake Co Op's share account and share certificate rates?

Red Lake Co Op's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Red Lake Co Op?

Red Lake Co Op has total capital of $0.71 million. Full information on Red Lake Co Op's financial position is located above.

Who owns Red Lake Co Op?

Credit Unions are owned by their members.

Where are Red Lake Co Op branches located?

See branch locations nearby.

Are Red Lake Co Op ATMs Open 24/7?

Do Red Lake Co Op ATMs accept cash deposits?

Can Red Lake Co Op customers use other ATMs? What is the charge for withdrawing money from another ATM?

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Does Red Lake Co Op have mobile deposit?

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Does Red Lake Co Op report to credit bureaus?

Does Red Lake Co Op use Chexsystems?

Does Red Lake Co Op use Equifax?

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What is the Red Lake Co Op address for deposits?

What Products Does Red Lake Co Op Offer

Does Red Lake Co Op offer mortgages?

Compare mortgage rates here.

Does Red Lake Co Op offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Red Lake Co Op offer auto and RV loans?

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Does Red Lake Co Op offer student loans or personal loans?

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