Redstone Federal Credit Union
Headquarters
220 Wynn Dr
Huntsville, AL 35893
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Phone 1-256-837-6110
2024 Overview
General Credit Union Information
Redstone is an NCUA insured institution located in Huntsville, AL. It was founded in 1951 and has approximately $7547.87 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
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 7544 |
| Date Established | 1951 |
| Assets | $7,547.87 million |
| Loans | $3,840.84 million |
| Deposits | $6,714.64 million |
| Capital | $940.33 million |
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 - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
3.80% | $0 | $2,500 |
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|
| SAV
|
0.45% | $5 | - |
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|
|
Money Market
|
1.56% | $2,000 | $4,999 |
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|
|
Money Market
|
1.66% | $5,000 | $49,999 |
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|
|
Money Market
|
1.76% | $50,000 | $99,999 |
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|
|
Money Market
|
1.87% | $100,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
4.84% | $1,000 | - |
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|
| 6 Mo CD
|
5.12% | $100,000 | - |
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|
| 8 Mo CD
|
5.41% | $100,000 | - |
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|
| 12 Mo CD
|
4.73% | $1,000 | - |
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|
| 12 Mo CD
|
5.01% | $100,000 | - |
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|
| 18 Mo CD
|
4.42% | $1,000 | - |
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|
| 18 Mo CD
|
4.70% | $100,000 | - |
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|
| 24 Mo CD
|
4.06% | $1,000 | - |
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|
| 24 Mo CD
|
4.33% | $100,000 | - |
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|
| 36 Mo CD
|
3.39% | $1,000 | - |
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|
| 36 Mo CD
|
3.66% | $100,000 | - |
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|
| 48 Mo CD
|
3.40% | $1,000 | - |
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|
| 48 Mo CD
|
3.67% | $100,000 | - |
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|
| 60 Mo CD
|
3.41% | $1,000 | - |
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|
| 60 Mo CD
|
3.68% | $100,000 | - |
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|
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
6.13% | 6.13% | Varies | |
Compare with 7.49 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
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| Auto Loan Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 3 Year | 3.95% | 3.95% | $737.54 | |
| 5 Year | 3.95% | 3.95% | $459.85 |
| Refinance Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.83% | 6.75% | $2,831.71 | |
| 30 Year Fixed Conforming See Amortization Table |
7.42% | 7.38% | $2,210.16 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 15 Year Fixed Conforming See Amortization Table |
6.83% | 6.75% | $2,831.71 | |
| 30 Year Fixed Conforming See Amortization Table |
7.42% | 7.38% | $2,210.16 | |
Compare with 7.350% APR and 7.250% 30-Year Fixed RATE from Rocket Mortgage
See All Mortgage Rates |
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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:
Columbus,Ohio
Climate Policy and Initiatives
REDSTONE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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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 |
|---|---|
| 4.79% | 6.97 |
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 December 31, 2023, Redstone had $44,767,836 in non-current loans and $2,251,877 in owned assets. To cover these potential losses it had $940,328,461 in net worth and $41,226,792 in loans loss reserves. That gives it a Texas Ratio of 4.79%.
Net Worth
| Redstone | U.S. Average |
|---|---|
| 12.44% | 13.62% |
Redstone FCU has a net worth of 12.44% versus the BestCashCow average of 13.62. 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
AlabamaPaul
June 1, 2019
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AlabamaPaul
June 1, 2019
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AlabamaPaul
June 1, 2019
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