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Redstone Credit Union

Overview
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Redstone Credit Union is a federal credit union based in Huntsville, Alabama. It has been opened since 1951, for 69 years.

With around $4,898,600,000 in assets, Redstone Credit Union is considered to be a very large credit union. It has 32 branches and 56 ATM locations.

About
Address 220 Wynn Drive
Huntsville, Alabama 35893
Website http://www.redfcu.org
Phone (256) 837-6110
Fax (256) 722-8399
CEO Joseph H. Newberry
President of the Board Dave Hargrove
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
430,842 members
Membership type: Multiple common bond – other
Above average number of members
436:1
Credit union member to staff ratio
436 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$4,898,595,925
Total assets
Above average
32 branches
Compared with an average of 4 nationally and 4 in Alabama
Above average number of branches
0.85%
Savings interest rate
Compared to 0.3% nationally
10.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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32 branches
Compared with an average of 4 nationally and 4 in Alabama
Above average number of branches
Redstone Credit Union Branch Locations

Redstone Credit Union: Madison US Highway 72 Branch
4005 Lawson Ridge Drive
Madison, Alabama 35757
ATM Available
Redstone Credit Union: Redstone Arsenal Branch
Building 3227
Redstone Arsenal, Alabama 35898
No ATM
Redstone Credit Union: Medical Center Parkway Branch
2404 Medical Center Parkway
Murfreesboro, Tennessee 37129
No ATM
Redstone Credit Union: Madison Branch
3752 Sullivan Street
Madison, Alabama 35758
ATM Available
Redstone Credit Union: Athens Branch
1703 Jefferson Street SE
Athens, Alabama 35611
ATM Available
Redstone Credit Union: Hobbs Road Branch
11800 Memorial Parkway SW
Huntsville, Alabama 35803
ATM Available
Redstone Credit Union: East Athens Branch Location
22485 US Highway 72
Athens, Alabama 35613
ATM Available
Redstone Credit Union: Scottsboro Branch
23149 John T. Reid Parkway
Scottsboro, Alabama 35768
ATM Available
Redstone Credit Union: Big Cove Branch
6416 Highway 431 S.
Big Cove, Alabama 35763
ATM Available
Redstone Credit Union: Winchester Road Branch
1396 Winchester Road NE
Huntsville, Alabama 35811
ATM Available
Redstone Credit Union: Highway 53 Branch
6056 Highway 53
Harvest, Alabama 35749
ATM Available
Redstone Credit Union: Meridianville Branch
12256 Highway 231 431 North
Meridianville, Alabama 35759
ATM Available
Redstone Credit Union: County Line Road
12157 County Line Road
Madison, Alabama 35758
ATM Available
Redstone Credit Union: Guntersville Branch
14218 US Highway 431
Southgate Plaza Unit A.
Guntersville, Alabama 35976
ATM Available
Redstone Credit Union: Hartselle Branch
1415 Main Street E.
Hartselle, Alabama 35640
ATM Available
Redstone Credit Union: 6th Avenue Branch
1807 6th Avenue SE
Decatur, Alabama 35601
ATM Available
Redstone Credit Union: Main Office
220 Wynn Drive
Huntsville, Alabama 35893
ATM Available
Redstone Credit Union: Fayetteville Branch
110 Bluff Drive
Fayetteville, Tennessee 37334
ATM Available
Redstone Credit Union: Weatherly Road Branch
1430 Weatherly Road SE
Huntsville, Alabama 35803
ATM Available
Redstone Credit Union: North Parkway Branch
3501 Memorial Parkway NW
Huntsville, Alabama 35810
ATM Available
Redstone Credit Union: Beltline Branch
2319 Beltline Road SW
Decatur, Alabama 35601
ATM Available
Redstone Credit Union: Arab Branch
1069 North Main Street
Arab, Alabama 35016
ATM Available
Redstone Credit Union: Austin High School Branch
3004 Modaus Road SW
Decatur, Alabama 35603
No ATM
Redstone Credit Union: Fortress Boulevard Branch
1141 Fortress Boulevard Suite A.
Murfreesboro, Tennessee 37128
ATM Available
Redstone Credit Union: South Parkway Branch
3309 Memorial Parkway SW
Huntsville, Alabama 35801
ATM Available
Redstone Credit Union: South Rutherford Boulevard Branch
1749 S. Rutherford Boulevard
Murfreesboro, Tennessee 37130
ATM Available
Redstone Credit Union: Mills Road Branch
Building 5216
Redstone Arsenal, Alabama 35898
ATM Available
Redstone Credit Union: Hartselle High School Branch
1000 Bethel Road NE
Hartselle, Alabama 35640
No ATM
Redstone Credit Union: Alabama A&M University Branch
4900 Meridian Street NW
Normal, Alabama 35762
ATM Available
Members
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430,842 members
Membership type: Multiple common bond – other
Above average number of members

With 430,842 members, the Redstone Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 100% of credit unions.

Fees
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$60
Average fee per member
The average fee per member at the Redstone Credit Union is $60, which is comparable to most credit unions. This rate is lower than 40% of all credit unions.
Fees are average

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 Redstone Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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436:1
Credit union member to staff ratio
436 per each FTE employee
Compared to 411:1 nationally
Fewer staff
988 staff members
FTE (full-time equivalent)
4% of employees are part-time
966 full-time, 45 part-time

Redstone Credit Union has 966 full-time staff members and 45 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 96% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Redstone Credit Union has around 436 members per staff, a higher ratio compared to other credit unions.

Assets
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$4,898,595,925
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
11.4%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

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.

Loans & leases
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$10,070
Average loan and lease size
Loan & lease sizes are average sized. They are bigger than at 50% of credit unions.

Redstone Credit Union holds a total of $2,082,990,000 in loans and leases, which is about $10,070 per member on average.

Savings interest rate
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0.85%
Savings interest rate
Compared to 0.3% nationally

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. Redstone Credit Union pays 0.85%.

Loan rates
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10.00%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.52%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.57%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.33%
New car loan rate
Compared to 4.0% nationally
4.41%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.88%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
5.75%
Other real estate loan rates
Compared to 0.9% nationally
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