Since its inception in 1951 the REDSTONE FEDERAL CREDIT UNION has been serving its members in
and around the Huntsville, Alabama area
with exceptional financial products.
Currently led by
,
the REDSTONE FCU has grown it's membership to
over
320,000 with assets of more than
$2,725,584,000.
They have
719 full time employees
and 14 part time employees
with a
main office and 20 branch offices.
The REDSTONE FEDERAL CREDIT UNION offers it's members a full service website that allows for true
"Banking From Home" functionality. Users have the ability
to apply for loans,
get account balance and history reports,
transfer money between accounts,
make bill payments,
and so much more.
Members can also take advantage of a full array of loans including
real estate mortgages,
business loans
and
new
and used
car loans.
There are also many types of mortgages and credit cards available.
REDSTONE FEDERAL CREDIT UNION is registered as a Multiple group - other type Credit Union. This means that
anyone associated with Multiple groups may be eligible to join. Please see the credit unions website or contact them at
256-837-6110 to get exact details.
Click on any REDSTONE FCU location link to see the location placed into the map above. Driving
directions are also available if you need them.
Loan and Deposit Rates for the REDSTONE FCU
Please Note: The National Credit Union Administration (NCUA) requires all Credit Unions
Insured by the National Credit Union Share Insurance Fund (NCUSIF)to file quarterly (5300)
data reports. The information below comes from those reports.
The deposit and loan rates
shown are not the current rates for the REDSTONE FEDERAL CREDIT UNION. Some of these rates change on a daily
basis and you must visit the Credit Unions website
www.redfcu.org to get their current rates. The sole purpose of showing this data is to show the relative relationship of
REDSTONE FCU 's rates versus the average rates of all Credit Unions at both the state and
national levels at a specific point in time, quarter end.
The data below is from quarter end 12/31/2009. You may also want to look at our pages that
show all
Credit Union Loan and Deposit Rates in Alabama or
Credit Union Loan and Deposit Rates in the USA.
From those
pages you'll be able to investigate specific types of loans and deposit rates and sort the
data to find what Credit Unions are offering the best rates or the highest deposit rates.
Deposit Type
REDSTONE
State Average
National Average
redfcu.org Deposit Rates at Quarter End
Checking Rate %
0.00%
0.42%
0.39%
Regular Savings Rate %
0.50%
1.02%
0.72%
Money Market Rate %
0.94%
1.13%
1.01%
Certificates of Deposit Rate %
1.29%
2.08%
1.90%
IRA/KEOGH Rate %
0.65%
2.10%
1.81%
All Other Savings Rate %
0.50%
0.92%
0.78%
redfcu.org Loan Rates at Quarter End
Unsecured Credit Card Loan Rate %
8.61%
11.26%
10.94%
All Other Unsecured loans/Lines of Credit Rate %
10.53%
13.76%
12.02%
redfcu New Car Loan Rate %
6.28%
6.23%
6.03%
redfcu Used Car Loan Rate %
6.08%
7.50%
7.11%
1st Mortgage Real Estate/Lines of Credit Rate %
5.13%
6.26%
6.03%
Other Real Estate Loans/Lines of Credit Rate %
6.63%
6.21%
6.11%
All Other Loans/Lines of Credit Rate %
7.72%
7.85%
7.11%
REDSTONE FEDERAL CREDIT UNION Assets Range Over Last 10 Years
$3,000,000,000
$2,400,000,000
$1,800,000,000
$1,200,000,000
$600,000,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
REDSTONE FCU Outstanding Loans Over Last 10 Years
$2,000,000,000
$1,600,000,000
$1,200,000,000
$800,000,000
$400,000,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
REDSTONE FEDERAL CREDIT UNION Total Deposits Over Last 10 Years
$3,000,000,000
$2,400,000,000
$1,800,000,000
$1,200,000,000
$600,000,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
REDSTONE FCU Total Membership Count Over Last 10 Years
400,000
320,000
240,000
160,000
80,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
REDSTONE FEDERAL CREDIT UNION Branch Locations
20
16
12
8
4
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
The above graphs attempt to give our visitors a quick reflection into the REDSTONE FEDERAL CREDIT UNION business trends over the past 10 year period. Sometimes a visual chart can tell a story a lot
faster and clearer than just looking at a series of numbers. A quick look at the total loans and
deposits graphs for instance may give you a very good insight into the current state of affairs
for REDSTONE FCU . An upward sloping chart for these charts and a rise in membership would seem
to say that this Credit Union is doing something right. Of course you must use your own judgment
in reading the data that we're supplying you with. Disclaimer: The quarterly data we use is
available for viewing at the NCUA website which you can find via our
resource page.
We try our best to share this data as error free as
possible. Please see our Terms Page for usage rules and regulations.
NEWS Title: Help a Credit Union Friend Out
This is a special request to help a credit union veteran out.
His name is Jason Linstrom, a 19 year financial services veteran, and he's looking to become a member of your team.
The goal is to collect $3.00 from 500 supporters to pay for an ad in the Credit Union Times. Almost 100 have donated
already and your gift will certainly help. Read all about it here:
ADDITIONAL FINANCIAL SERVICES OFFERED BY REDSTONE FEDERAL CREDIT UNION
Do they offer Mortgage Processing?
No
Do they offer Overdraft Protection?
Yes
Do they offer Overdraft Lines of Credit?
Yes
Do they offer ATM/Debit Card program?
Yes
Do they offer Insurances/Investment Sales?
Yes
ACCESS TO ELECTRONIC FINANCIAL SERVICES OF REDSTONE FEDERAL CREDIT UNION
Do they provide Home Banking Via Internet Website?
Yes
Do they provide Wireless based service?
No
Do they provide Home Banking/PC based service?
No
Do they provide Audio Response/Phone based service
Yes
Do they provide ATM (Automated Teller Machine) access?
Yes
Do they provide Kiosk based service?
No
Other services?
No
REDSTONE FCU ONLINE ACCESS FUNCTIONALITY
Can website visitors get a Member Application?
Yes
Can website visitors get a New Loan?
Yes
Can website visitors access an Account Balance Inquiry?
Yes
Can website visitors order Checks?
Yes
Can website visitors get a New Share Account?
Yes
Can website visitors make Loan Payments?
Yes
Can website visitors access an "Account History" view?
Yes
Can website visitors purchase Merchandise?
Yes
Can website visitors share Account transfers?
Yes
Can website visitors make Bill Payments?
Yes
Can website visitors download the Account History?
Yes
Can website visitors use/get Electronic Cash?
No
Can website visitors make Account Aggregation?
No
Can website visitors get Internet Access Service?
No
Do they provide Signature Authentification?
No
LOAN SERVICES PROVIDED BY REDSTONE FEDERAL CREDIT UNION
redfcu Loan Types
Do they offer Indirect Lending?
Yes
Do they offer Participation Loans?
No
Do they offer Real Estate Mortgage Loans?
Yes
Do they offer Member Business Loans?
Yes
Do they offer Risk Based Loans?
Yes
Do they offer Direct Financing Leases?
No
Do they offer Credit Cards Loans?
Yes
Do they offer New Vehicle Loans?
Yes
Do they offer Used Vehicle Loans?
Yes
Do they offer Unsecure Loans? (Other than Credit cards)
Yes
redfcu Member Business Loans
Do they offer Agricultural Loans?
No
Do they offer Construction and Development Loans?
Yes
Do they offer Small Business Administration Loans?
Yes
Do they offer Unsecured Business Loans?
Yes
redfcu Real Estate Loans
Do they offer Adjustable Rate 1st Mortgages with Rate Adjustment at least once a Year?
Yes
Do they offer Adjustable Rate 1st Mortgages with Rate Adjustment less often than once a Year?
Yes
Do they offer Balloon/Hybrid 1st Mortgages 5 Years or Shorter?
Yes
Do they offer Balloon/Hybrid 1st Mortgages Longer than 5 Years?
Yes
Do they offer Closed End Adjustable Rate 2nd Mortgages?
Yes
Do they offer Closed End Fixed Rate 2nd Mortgages?
Yes
Do they offer Fixed Rate 1st Mortgages 15 Years or Shorter?
Yes
Do they offer Fixed Rate 1st Mortgages Longer than 15 Years?
Yes
Do they offer Interest Only 1st Mortgages?
Yes
Do they offer Open End Adjustable Rate 2nd Mortgages?
Yes
Do they offer Open End Fixed Rate 2nd Mortgages?
Yes
Total of 1st Mortgages made YTD that were Sold
$174,027,351.00
Do they offer Unclassifiable Fixed Rate 1st Mortgages?
No
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