2024 Overview
General Credit Union Information
Red Wing is an NCUA insured institution located in Red Wing, MN. It was founded in 1954 and has approximately $178.74 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 61778 |
| Date Established | 1954 |
| Assets | $178.74 million |
| Loans | $103.15 million |
| Deposits | $161.83 million |
| Capital | $21.61 million |
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Goodhue County, Minnesota and to employees of Central Research Labs, Red Wing Business Systems, City of Red Wing, Red Wing Education Association, Dayco PTl, Red Wing Shoe Company, D. B. Industries, Riedell Shoes, Fairview Red Wing Health Services, S. B. Foot Tanning Company, Goodhue County, St. James Hotel, Josten's Diploma Division, Xcel Energy, Norwood Promotional Products, Inc.
Deposit Rates - December 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.25% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.30% | $10,000 | $14,999 |
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|
|
Money Market
|
0.40% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.01% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.21% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.21% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.15% | $2,500 | $3,499 | Learn More |
Loan Rates - December 23, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Red Wing
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 |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.960% | 6.875% | 0.63 | $2,764 | $2,103 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.966% | 6.875% | 0.50 | $3,145 | $2,103 | Learn More |
NMLS ID: 3030 |
7.338% | 7.250% | 0.88 | $2,800 | $2,183 | Learn More |
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 See Table |
Intro APR 6.990 % After Intro: 6.990 % |
$0 |
Learn More
More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
Learn More
More Info |
Note to Red Wing
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Branches
Below are Red Wing 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 Wing Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 599.68 | A | View Lobby Hours |
Climate Policy and Initiatives
RED WING 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 Wing Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Red Wing. 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 Wing | U.S. Average |
|---|---|
| 5.17% | 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 Wing had $869,725 in non-current loans and $262,178 in owned assets. To cover these potential losses it had $21,610,516 in net worth and $289,427 in loans loss reserves. That gives it a Texas Ratio of 5.17%.
Net Worth
| Red Wing | U.S. Average |
|---|---|
| 12.09% | 13.93% |
Red Wing FCU has a net worth of 12.09% 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 Wing
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