Redstone Federal Credit Union
A member-owned cooperative providing banking and financial services.
Company facts
- Founded
- 1951
- Employees
- 1,357
- Headquarters
- United States
- CEO
- Joseph Newberry
- Type
- Cooperative / Mutual
About
Redstone Federal Credit Union has been proudly serving the Tennessee Valley since 1951, growing to become one of the largest credit unions in Alabama and one of the 25 largest federal credit unions in the country. With more than 750,000 members and over $7.5 billion in assets, Redstone has established itself as a major financial institution serving communities across the region and beyond. As a federally chartered credit union, Redstone operates as a member-owned financial cooperative, meaning the organization exists solely to serve its members rather than shareholders. Any surplus funds are returned to members through better dividends, competitive rates on loans and credit cards, and lower fees. The credit union offers a comprehensive range of financial products and services including personal and business banking, mortgages, auto loans, credit cards, and investment services. With 28 branches throughout the Tennessee Valley and thousands of surcharge-free ATMs worldwide, Redstone provides convenient access to banking services. The credit union also offers innovative digital banking solutions including mobile apps, online banking, and Redstone Live - a video banking service that provides face-to-face assistance on-demand. Community involvement is a core part of Redstone's identity, with initiatives like the Community Champions program demonstrating their commitment to strengthening local communities.