Sep, 30, 2025 — REDSTONE FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTSVILLE, AL with 45 branch locations and about $8.28 billion in total assets. Opened 75 years ago in 1951, REDSTONE FEDERAL CREDIT UNION has about 649,975 members and employs 1,374 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | REDSTONE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 220 Wynn Dr HUNTSVILLE, AL 35893 |
| Phone: | (256) 837-6110 |
| Fax: | (256) 722-8399 |
| Website: | https://www.redfcu.org |
| Branches: | 45 branch locations |
| Members: | 649,975 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7544 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $8,276,491,470 |
| CEO/Manager: | Joseph H Newberry |
| Chairperson: | Dave Hargrove |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 359,053,575 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 12,295,601 |
| Real Estate Loans | 2,025,332,865 |
| Unsecured Loans | 459,694,777 |
| Other Loans | 1,213,053,836 |
| TOTAL LOANS | 3,698,321,043 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,479,697 |
| Land And Building | 189,647,044 |
| Other Fixed Assets | 32,641,640 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 66,003,272 |
| All Other Assets | 1,819,273 |
| TOTAL ASSETS | 8,276,491,470 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 66,950,116 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,451,222,906 |
| Regular shares | 2,509,690,522 |
| All Other Shares & Deposits | 3,336,080,803 |
| TOTAL SHARES & DEPOSITS | 7,296,994,231 |
| TOTAL LIABILITIES | 7,364,349,636 |
| Regular Reserve | 0 |
| Other Reserves | -202,051,811 |
| Undivided Earnings | 1,114,193,645 |
| TOTAL EQUITY | 912,141,834 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 8,276,491,470 |
| INCOME & EXPENSE | |
| Loan Income | 190,269,183 |
| Investment Income | 102,739,791 |
| Other Income | 28,294,594 |
| Total Employee Compensation & Benefits | 108,949,604 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 107,332,663 |
| Non-operating Income & (Expense) | 3,243,027 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,176,444 |
| Cost of Funds | 73,966,448 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 87,735,492 |
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