Red Lake Co Op Federal Credit Union

Headquarters

Po Box 154
Red Lake Falls, MN 56750
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Red Lake Co Op is an NCUA insured institution located in Red Lake Falls, MN. It was founded in 1949 and has approximately $6.65 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 6144
Date Established 1949
Assets $6.65 million
Loans $3.73 million
Deposits $5.81 million
Capital $0.83 million
 

Deposit Rates - November 19, 2024

Your Current Location: Ohio, OH 43085

We do not yet have rates for Red Lake Co Op

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Loan Rates - November 19, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Red Lake Co Op

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.596% 6.500% 0.63 $3,210 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.869% 6.750% 1.00 $3,897 $2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.325% 7.250% 0.75 $2,400 $2,183 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.240 %
After Intro: 7.240 %
$0 Learn More
More Info

Note to Red Lake Co Op
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Branches

Below are Red Lake Co Op branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Red Lake Co Op Locations around zip code 43085


BranchDistance Map View Lobby Hours

Records

891.48 A View Lobby Hours


Climate Policy and Initiatives

RED LAKE CO OP is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Red Lake Co Op Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Red Lake Co Op. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Red Lake Co Op U.S. Average
0.80% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Red Lake Co Op had $6,749 in non-current loans and $0 in owned assets. To cover these potential losses it had $832,866 in net worth and $10,885 in loans loss reserves. That gives it a Texas Ratio of 0.80%.

Net Worth
Red Lake Co Op U.S. Average
12.52% 13.93%

Red Lake Co Op FCU has a net worth of 12.52% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Red Lake Co Op

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