Red Wing, MN 55066

Notable Rates APY Vs.Others
Savings 0.50% 2.20% →
1-Year CD 1.51% 2.20% →
2-Year CD 2.02% 2.20% →
5-Year CD 2.12% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Credit Union Information

Red Wing is an NCUA insured institution located in Red Wing, MN. It was founded in 1954 and has approximately $107.74 millions in assets.

NCUA Insured Yes
Charter Number # # 61778
Date Established 1954
Assets $107.74 million
Loans $61.32 million
Deposits $94.63 million
Capital $12.63 million

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Goodhue County, Minnesota and to employees of Central Research Labs, Red Wing Business Systems, City of Red Wing, Red Wing Education Association, Dayco PTl, Red Wing Shoe Company, D. B. Industries, Riedell Shoes, Fairview Red Wing Health Services, S. B. Foot Tanning Company, Goodhue County, St. James Hotel, Josten's Diploma Division, Xcel Energy, Norwood Promotional Products, Inc.

Deposit Rates - February 19, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.40% $2,500 $9,999 Learn MoreShow Less
Money Market
0.50% $10,000 $24,999 Learn MoreShow Less
Money Market
0.60% $25,000 $49,999 Learn MoreShow Less
Fixed IRA
1.51% $500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.50% $500 - Learn MoreShow Less
6 Mo CD
1.01% $500 - Learn MoreShow Less
12 Mo CD
1.51% $500 - Learn MoreShow Less
24 Mo CD
2.02% $500 - Learn MoreShow Less
36 Mo CD
2.02% $500 - Learn MoreShow Less
48 Mo CD
2.07% $500 - Learn MoreShow Less
60 Mo CD
2.12% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.60% $5 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.40% $500 - Learn MoreShow Less

Loan Rates - February 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for RED WING

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 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.793% 4.750% 0.00 $1,250 $1,305 Learn More
NMLS ID: 2890
License#: MC-3098
3.375% 3.375% 0.00 ($122) $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info

Note to RED WING
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Below are Red Wing 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:

Red Wing Locations

Financial Details

Red Wing Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Red Wing. 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 Wing U.S. Average
1.82% 5.86

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 June 30, 2019, Red Wing had $126,190 in non-current loans and $107,579 in owned assets. To cover these potential losses it had $12,629,678 in net worth and $196,240 in loans loss reserves. That gives it a Texas Ratio of 1.82%.

Net Worth
Red Wing U.S. Average
11.72% 13.65%

Red Wing FCU has a net worth of 11.72% versus the BestCashCow average of 13.65. 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 Wing

Branches and Savings

What is Red Wing?

A federal credit union, registered with the NCUA under certificate #61778.
Learn more about credit unions here.

Is Red Wing 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 Wing?

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

What are Red Wing's share account and share certificate rates?

Red Wing'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 Wing?

Red Wing has total capital of $12.63 million. Full information on Red Wing's financial position is located above.

Who owns Red Wing?

Credit Unions are owned by their members.

Where are Red Wing branches located?

See branch locations nearby.

Are Red Wing ATMs Open 24/7?

Do Red Wing ATMs accept cash deposits?

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

Does Red Wing have a mobile app?

Does Red Wing have mobile deposit?

Does Red Wing have quick pay?

How can Red Wing transfer money to other banks or credit unions?

Does Red Wing report to credit bureaus?

Does Red Wing use Chexsystems?

Does Red Wing use Equifax?

What is Red Wing's toll free phone number?

What is Red Wing's ACH Routing Number?

What is Red Wing's SWIFT code?

Where can I find Red Wing's wire transfer form?

What is the Red Wing address for deposits?

What Products Does Red Wing Offer

Does Red Wing offer mortgages?

Compare mortgage rates here.

Does Red Wing offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Red Wing offer auto and RV loans?

Compare auto loan rates here.

Does Red Wing offer student loans or personal loans?

Compare personal loan rates here.

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