Red River Employees Credit Union is a federal credit union based in Texarkana, Texas. It has been opened since 1943, for 79 years.
With around $892,400,000 in assets, Red River Employees Credit Union is considered to be a very large credit union. It has 28 branches and 39 ATM locations.
|Address|| Po Box 5909 |
Texarkana, Texas 75505
|CEO||Bradley D. Bailey|
|President of the Board||Fred Milton|
|Services Offered|| |
With 108,942 members, the Red River Employees Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 96% of credit unions.
Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.
The average fee per member gives you a general sense of how much you might pay in fees as a member of the Red River Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.
Red River Employees Credit Union has 324 full-time staff members and 24 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 93% of the workforce.
The number of members relative to staff members is an indication of how well staffed the credit union is. Red River Employees Credit Union has around 324 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.
A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength
The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.
Red River Employees Credit Union holds a total of $708,330,000 in loans and leases, which is about $11,357 per member on average.
A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.
A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Red River Employees Credit Union pays 0.31%.