Redstone Federal Credit Union (or RFCU) is an American credit union based in Huntsville, Alabama. As of 2023[update], Redstone Federal Credit Union is Alabama's largest credit union and is federally chartered and regulated and insured through the National Credit Union Administration (NCUA).[1]
 | |
| Company type | Credit Union |
|---|---|
| Industry | Financial services |
| Founded | 1951 |
| Headquarters | Huntsville, Alabama, United States |
Area served | North Alabama/Central Tennessee |
Key people | Joseph H. Newberry, President and CEO |
| Products | Savings; Checking; Consumer loans; Mortgages; Credit cards; Investments; Insurance; Small business financing; Cash management |
| Total assets | $3.8B+ USD |
Number of employees | 750 (2022) |
| Subsidiaries | Redstone Services Group, LLC; Redstone Title Services |
| Website | www |
As of 2021[update], Redstone Federal Credit Union operated 27 branches across Alabama and Tennessee and was ranked as the 35th largest credit union in the United States by assets.[2]
History
editThe Credit Union opened on November 28, 1951, in order to serve employees of the Redstone Arsenal. The credit union's initial membership consisted of eleven individuals with assets totaling $55.[3] Membership eligibility has now expanded to include over 1,500 clubs, organizations, and employers.
In 2018, Redstone Federal Credit Union was recognized as the Credit Union of the Year by the National Association of Federally Insured Credit Unions.[4]
Services
editProducts and services offered by Redstone Federal Credit Union include savings and checking accounts, small business financing and cash management solutions, and investment and insurance services. The credit union also contains a real estate department which offers mortgage products and home equity loans. Redstone Federal Credit Union members also have access to over 75,000 ATMs located throughout the United States.
References
edit- ^ "Alabama Credit Unions". NCUSO.org. Retrieved 2023-09-26.
- ^ "Top 100 U.S. Credit Unions by Asset Size". Retrieved September 16, 2010.
- ^ "Redstone Federal Credit Union". Archived from the original on 2015-09-11.
- ^ "Redstone Federal Credit Union wins Credit Union of the Year". WHNT.com. Nexstar Media Inc. 20 June 2018. Retrieved 19 June 2022.