Redstone Federal Credit Union

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Redstone Federal Credit Union

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
Subsidiaries	Redstone Services Group, LLC; Redstone Title Services
Website	www.redfcu.org

Redstone Federal Credit Union (or RFCU) is a federally chartered credit union based in Huntsville, Alabama. Redstone Federal Credit Union is currently Alabama's largest credit union, and is regulated and insured through the National Credit Union Administration (NCUA). Redstone Federal Credit Union currently operates 26 branches across Alabama and Tennessee as of December 2021. Redstone Federal Credit Union is currently ranked as the 35th largest credit union in the United States by assets^[1] as of December 2021.

History[]

Redstone Federal 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.^[2] Membership eligibility has now expanded to include over 1,500 clubs, organizations, and employers.

Services[]

Products 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[]

External links[]

• Official website
• Info about the history of the credit union