What are the current interest rates at Red Wing Credit Union?

Current rates for Red Wing Credit Union include: 12-Month CD: 1.51%, 24-Month CD: 1.51%, 60-Month CD: 2.52%, Savings: 0.40%, MMA: 1.51%

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Red Wing Credit Union

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Red Wing Credit Union Rates & Review September 2026

Q: How many branches does Red Wing Credit Union operate?

Red Wing Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is a member application needed to join Red Wing Credit Union?

Yes, to access services at Red Wing Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Is there a first-time homebuyer program?

Currently, Red Wing Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Red Wing Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 22, 2026

Red Wing Credit Union's 8 Month CDs of Deposits & IRA CDs rates are at 3.66%, 30 Month CDs of Deposits & IRA CDs rates are at 2.80%, 60 Month CDs of Deposits & IRA CDs rates are at 2.52%, 48 Month CDs of Deposits & IRA CDs rates are at 2.02%, 36 Month CDs of Deposits & IRA CDs rates are at 1.76%. Red Wing Credit Union's savings rates are at 0.40%. Red Wing Credit Union's money market rates are at 1.51%. Red Wing Credit Union's Credit Card Rates are at 11.49%. MonitorBankRates evaluates the financial stability of Red Wing Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 1.49%. Rates last updated and verified on 09/22/2026.

Red Wing Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Red Wing Credit Union? Share your experience about Red Wing Credit Union by leaving a review below, or read customer reviews before you decide to use Red Wing Credit Union.

Verified Healthy 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

1.49%

Excellent Lower than avg

Health Trend

Very strong 12 quarters

Full history ›

Red Wing Credit Union
Red Wing Credit Union

3303 N Service Dr
Red Wing, MN 55066

https://www.redwingcu.com

Red Wing Credit Union CD Rates

Product	Rate	APY	Term
8 Month Certificates of Deposits & IRA CDs	3.60%	3.66%	8 Months
Min Balance $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
30 Month Certificates of Deposits & IRA CDs	2.77%	2.80%	30 Months
Min Balance $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
60 Month Certificates of Deposits & IRA CDs	2.50%	2.52%	60 Months
Min Balance $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
48 Month Certificates of Deposits & IRA CDs	2.00%	2.02%	48 Months
Min Balance $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
36 Month Certificates of Deposits & IRA CDs	1.75%	1.76%	36 Months
Min Balance $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
12 Month Certificates of Deposits & IRA CDs	1.50%	1.51%	12 Months
Min Balance $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
24 Month Certificates of Deposits & IRA CDs	1.50%	1.51%	24 Months
Min Balance $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
3 Month Certificates of Deposits & IRA CDs	1.00%	1.01%	3 Months
Min Balance $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
6 Month Certificates of Deposits & IRA CDs	1.00%	1.01%	6 Months
Min Balance $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%

Red Wing Credit Union Savings Rates

Product	Rate	APY
Club Account	0.40%	0.40%
No additional details. Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
Share Savings	0.40%	0.40%
No additional details. Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
Variable IRA Club Accounts	0.40%	0.40%
No additional details. Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%

Red Wing Credit Union Money Market Rates

Product	Rate	APY
Money Market Accounts	2.50%	2.52%
Min Balance $250,000 Details $250,000 & UP Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
Money Market Accounts	2.20%	2.22%
Min Balance $100,000 Details Balance: $100,000-$249,999 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
Money Market Accounts	2.05%	2.07%
Min Balance $50,000 Details Balance: $50,000 - $99,999 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
Money Market Accounts	1.75%	1.76%
Min Balance $25,000 Details Balance: $25,000 - $49,999 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
Money Market Accounts	1.50%	1.51%
Min Balance $2,500 Details Balance: $2,500 - $24,999 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%

Red Wing Credit Union Checking Rates

Product	Rate	APY
Premier Checking Min Bal)	0.30%	0.30%
Details $500 Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
Choice Checking	0.25%	0.25%
No additional details. Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%
Golden Checking (Ages 55	0.25%	0.25%
No additional details. Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%

Red Wing Credit Union Credit Card Rates

Product	Rate	APR	View More
VISA Gold	-	11.49%
No additional details. Last Updated 09/22/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 1.49%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Financial Health History

Red Wing Credit Union’s Texas Ratio rose from 0.98% in Q2 2023 to 1.49% in Q1 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this credit union’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
March 31, 2026	$208M	1.49%	5.0	A+
December 31, 2025	$205M	1.51%	5.0	A+
September 30, 2025	$205M	1.21%	5.0	A+
June 30, 2025	$204M	1.42%	5.0	A+
March 31, 2025	$200M	1.65%	5.0	A+
December 31, 2024	$190M	1.50%	5.0	A+
September 30, 2024	$185M	1.97%	5.0	A+
June 30, 2024	$179M	1.46%	5.0	A+
March 31, 2024	$175M	1.09%	5.0	A+
December 31, 2023	$169M	1.18%	5.0	A+
September 30, 2023	$169M	0.60%	5.0	A+
June 30, 2023	$169M	0.98%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Red Wing Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Red Wing Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Red Wing Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Red Wing Credit Union

Website https://www.redwingcu.com

Address 3303 N Service Dr, Red Wing, MN 55066

Phone 651-388-7133

Fax 651-388-7137

President Daryl Mark

CEO Aaron DeJong

Full-Time Employees 24

Part-Time Employees 7

Branch Locations 1

ATM Locations 1

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

1.49%

Return on Assets (ROA)

0.3180%

Return on Equity (ROE)

2.5989%

Non-Performing Loans Ratio (NPL)

0.36%

Total Assets

207,763,941

Total Amount of Shares and Deposits

184,824,010

Total Shares and Deposits < 1 Year

179,572,281

Total Shares and Deposits 1 3 Years

5,148,304

Total Shares and Deposits > 3 Years

103,425

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

8,058,924

Total Uninsured Shares and Deposits > $250K (F+J)

8,058,924

Total Insured Shares and Deposits > $250K (item 17 less item K)

176,765,086

Total Interest Expense (Sum of items 6 8)

719,618

Share Certificates

1,844

Number of Accounts for Share Drafts

7,326

IRA KEOGH Accounts

529

Number of Accounts for Regular Shares

9,734

All other shares

1,803

Money Market Shares

643

Net Income (unless the amount is already included in Undivided Earnings)

660,787

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

17,721,278

Total Liabilities

185,279,546

Source: NCUA — Last Updated 03/31/2026

2026 MBR Health & Safety Badge

Red Wing Credit Union earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

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Learn more about the MBR Health & Safety Badge program on our methodology page.

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Frequently Asked Questions About Red Wing Credit Union

How many branches does Red Wing Credit Union operate?

Red Wing Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Red Wing Credit Union?

Yes, to access services at Red Wing Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Red Wing Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Red Wing Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Red Wing Credit Union offer online and mobile banking?

Most modern institutions like Red Wing Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.redwingcu.com.