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Red Wing Credit Union

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Red Wing Credit Union Rates & Review July 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: July 11, 2026

You can compare Red Wing Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 1.00%, 6-month share certificate rates at 2.52% and 3-month share certificate rates at 3.25%. Savings rates are at 0.05% and money market rates are at 0.35%. Mortgage rates on 30-year fixed loans are around 5.91%. All these rates can be compared to Red Wing Credit Union rates. 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 1.21%. Rates were last updated on 07/11/2026.

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 Strong 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

1.21%

Excellent Lower than avg

Red Wing Credit Union
Red Wing Credit Union

3303 N Service Dr
Red Wing, MN 55066

https://www.redwingcu.com

Current Rate Availability

We do not have Red Wing Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

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 23

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

1.21%

Return on Assets (ROA)

0.8303%

Return on Equity (ROE)

7.0314%

Non-Performing Loans Ratio (NPL)

0.28%

Total Assets

205,346,979

Total Amount of Shares and Deposits

183,638,240

Total Shares and Deposits < 1 Year

177,493,469

Total Shares and Deposits 1 3 Years

5,707,555

Total Shares and Deposits > 3 Years

437,216

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

11,174,648

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

11,174,648

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

172,463,592

Total Interest Expense (Sum of items 6 8)

2,320,998

Share Certificates

1,917

Number of Accounts for Share Drafts

7,254

IRA KEOGH Accounts

545

Number of Accounts for Regular Shares

9,710

All other shares

1,777

Money Market Shares

640

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

1,704,939

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

16,207,142

Total Liabilities

184,133,176

Source: NCUA — Last Updated 09/30/2025

2026 MBR Health & Safety Badge

Red Wing Credit Union earned the Verified Strong badge

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Customer Reviews

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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.