Sep, 30, 2025 — RED WING CREDIT UNION is a federally insured state chartered credit union headquartered in RED WING, MN with 1 branch location and about $205.35 million in total assets. Opened 72 years ago in 1954, RED WING CREDIT UNION has about 9,710 members and employs 30 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RED WING CREDIT UNION |
|---|---|
| Address: (Main Office) | 3303 N Service Dr RED WING, MN 55066 |
| Phone: | (651) 388-7133 |
| Fax: | (651) 388-7137 |
| Website: | https://www.redwingcu.com |
| Branches: | 1 branch locations |
| Members: | 9,710 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61778 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $205,346,979 |
| CEO/Manager: | Aaron S DeJong |
| Chairperson: | Daryl Mark |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,119,531 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 60,746,229 |
| Unsecured Loans | 3,664,613 |
| Other Loans | 43,180,845 |
| TOTAL LOANS | 107,599,188 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -377,442 |
| Land And Building | 480,759 |
| Other Fixed Assets | 3,764,673 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,628,800 |
| All Other Assets | 0 |
| TOTAL ASSETS | 205,346,979 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 494,936 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,484,738 |
| Regular shares | 55,441,312 |
| All Other Shares & Deposits | 99,712,190 |
| TOTAL SHARES & DEPOSITS | 183,638,240 |
| TOTAL LIABILITIES | 184,133,176 |
| Regular Reserve | 0 |
| Other Reserves | -3,033,639 |
| Undivided Earnings | 24,247,442 |
| TOTAL EQUITY | 21,213,803 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 205,346,979 |
| INCOME & EXPENSE | |
| Loan Income | 4,626,556 |
| Investment Income | 2,406,250 |
| Other Income | 214,854 |
| Total Employee Compensation & Benefits | 1,926,367 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,953,875 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 136,029 |
| Cost of Funds | 2,320,998 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,704,938 |
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