REDSTONE

220 WYNN DR
Huntsville, AL 35893

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 7544
Date Established 1951
Assets $4,776.49 million
Loans $1,973.46 million
Deposits $4,225.08 million
Capital $550.95 million

Redstone is an NCUA insured institution located in Huntsville, AL. It was founded in 1951 and has approximately $4776.49 millions in assets.

Who can join?

Three ways you may qualify for membership:

1: If you have an immediate, eligible family or household member who's already an RFCU member

2: If you belong to an eligible club or organization that offers RFCU membership.

3: If your employer offers RFCU membership

There are more than 1,400 clubs, organizations and employers who offer RFCU membership.Check out the Service Group list to find one which makes you eligible to become a member of Redstone Federal Credit Union.

Service Group List
https://www.redfcu.org/about/current-service-groups.aspx

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, members of the National Guard in Madison, Morgan, and Limestone Counties and to over 1,000 local employer groups.

Deposit Rates - January 19, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
1.10% $2,000 $4,999 Learn MoreShow Less
Money Market
1.21% $5,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
1.75% $5 $9,999,999 Learn MoreShow Less
Fixed IRA
1.92% $5 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
1.74% $1,000 $99,999 Learn MoreShow Less
1.75% $1,000 $99,999 Learn MoreShow Less
1.76% $1,000 $99,999 Learn MoreShow Less
1.77% $1,000 $99,999 Learn MoreShow Less
1.78% $1,000 $99,999 Learn MoreShow Less
1.79% $1,000 $99,999 Learn MoreShow Less
1.80% $1,000 $99,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.95% $5 $9,999,999 Learn MoreShow Less
Var IRA
0.85% $5 - Learn MoreShow Less

Loan Rates - January 19, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 3.99% 3.99% $737.99
5 Year 4.15% 4.15% $462.11
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Below are Redstone 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


Redstone Locations

Financial Details

Redstone Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Redstone. 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
Redstone U.S. Average
2.32% 5.78

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, 2018, Redstone had $12,779,056 in non-current loans and $456,838 in owned assets. To cover these potential losses it had $550,948,469 in net worth and $20,138,836 in loans loss reserves. That gives it a Texas Ratio of 2.32%.

Net Worth
Redstone U.S. Average
11.53% 13.21%

Redstone FCU has a net worth of 11.53% versus the BestCashCow average of 13.21. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Customer Reviews for REDSTONE

There are currently no comments for REDSTONE. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →

*All images, logos and public notes on this page appear courtesy of REDSTONE and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.