Redstone Federal Credit Union is one of the recognized and highly notable financial institutions. It started its operational work back in 1951. Initially, the bank started working with only 11 members.

However, over time things have changed to a greater extent due to significant efforts and activities of authorities. It is now one of the 25 largest federal credit unions serving customers all across the United States.

For the more relevant and comprehensive overview, we are going to explain the most comprehensive overview next. So that one can get a proper overview of the detailed description of the financial services of the bank.

Bank Overview: Redstone Federal Credit Union 

Redstone Federal Credit Union is the most popular institute in Huntsville, Alabama. As stated above; the bank:

  • Established in 1951
  • It began working with 11 founding members
  • Alabama’s largest credit union
  • Federally chartered and regulated
  • Ensures stability and security for the members
  • $5.5 billion in assets

Other than this basic information, the bank holds significant credit union services. The variety of services are;

  • Personal accounts
  • Checking and savings accounts
  • Certificates of Deposit
  • Money market accounts
  • Loans
  • Mortgages
  • Credit cards
  • Investments
  • Insurance

Redstone Federal Credit Union Locations

For the best services and products, the RFCU primarily serves the North Alabama/Central Tennessee region. It holds;

  • 27 branches across these areas
  • Over 75,000 ATMs nationwide

Overall, it provides an extreme level of convenience for its members even beyond the immediate service areas.

Checking Accounts at RFCU

Some of the most basic and highly popular checking account options are described with authentic details below;

Easy Checking

  • Minimum Opening Deposit: $25
  • Interest: None
  • Monthly Maintenance Fee: $3 (waived for members 24 and younger)
  • Fee Waiver Conditions: One direct deposit or four or more point-of-sale debit card transactions per month for members over 24
  • Features: Basic account features

Safeguard Checking

  • Minimum Opening Deposit: $25
  • Interest: None
  • Monthly Maintenance Fee: $8 with eStatements, $10 with paper statements
  • Fee Waiver Conditions: Fee cannot be waived
  • Features: Protection from unexpected fees, free money orders

Rewards Checking

  • Minimum Opening Deposit: $25
  • Interest: None
  • Monthly Maintenance Fee: $8 (waivable)
  • Fee Waiver Conditions: One direct deposit or four or more POS debit card transactions per month
  • Features: Free personal checks, money orders, official checks, and MyChoice Rewards for debit transactions

Savings Accounts 

In addition to all the available financial services, the savings account plays a primary role in the success and strength of the credit union. Here are the precise details of the most popular savings accounts are;

Regular Share Savings Account

  • Minimum Opening Deposit: $5 
  • Annual Percentage Yield (APY): Varies, interest on any amount
  • Monthly Fees: None
  • Dividends: Paid quarterly

Brighter Day Savings

  • APY: 2.02% on balances up to $2,500; 0.10% for balances above $2,500
  • Monthly Fees: None
  • Dividends: Paid quarterly

You Name It Savings

  • Minimum Balance for Dividends: $500
  • APY: Varies, paid monthly
  • Monthly Fees: None

Christmas Club

  • APY: 0.10%, paid quarterly
  • Monthly Fees: None
  • Features: Specifically for holiday savings

Star Club Savings (for members 12 and younger)

  • Minimum Opening Deposit: $5
  • APY: Varies
  • Monthly Fees: None
  • Features: Encourages savings habits among young members

CD Rates and Money Market Accounts (RFCU)

To seek the highly considerable and fixed interest rate at RFCU, CDs and money market options are highly reliable choices. It is the perfect option for all those who want to get something extraordinary in terms of investment.

Share Certificates (CDs)

  • RFCU offers Regular and Jumbo Share Certificates, as well as Members’ Choice Share Certificates.
  • Terms: Range from 6 months to 144 months.
  • Minimum Balance: $1,000 for Regular and $100,000 for Jumbo certificates.
  • APY: Ranges from 0.15% to 1.50% depending on the term length, with longer terms offering higher rates.
  • Dividends: Paid quarterly on Regular Certificates and monthly on Jumbo Certificates.

Money Market Account

  • Minimum Opening Deposit: $2,000.
  • APY: Tiered rates – 0.15% for balances of $2,000-$4,999.99; 0.20% for $5,000-$49,999.99; 0.25% for $50,000+.
  • Dividends: Paid monthly.
  • Features: Higher interest rates for higher balances.

Mortgage Loans and Other Loan Products

RFCU offers various mortgage products, including traditional home loans, mortgage refinancing, and home equity loans. It includes;

  1. Personal Loans
  • Options for unsecured personal loans for various personal expenses.
  1. Auto Loans
  • Financing for new and used vehicles, including cars, trucks, and SUVs.
  1. Recreational Vehicle Loans
  • Loans for RVs, boats, and motorcycles.

Additional Products and Services

Redstone Federal Credit Union provides a comprehensive range of additional financial products and services. All of them are credible enough to deal with both personal and business needs. Some of the services are;

  1. Credit Cards
  • A range of Visa credit cards, including Visa Signature and Visa Traditional.
  1. Investments
  • Investment services include stocks, bonds, mutual funds, annuities, retirement planning, and college investment plans.
  1. Insurance
  • Various insurance products, such as auto, life, disability, and homeowners’ insurance.
  1. Small Business Services
  • Business accounts, commercial real estate loans, lines of credit, term loans, and cash management solutions.
  1. Financial Education and Counseling
  • Resources and advice for financial planning and education.

Comparison Overview with Other Institutes

Feature/ServiceRedstone Federal Credit UnionRegions BankWells Fargo
Type of InstitutionCredit UnionCommercial BankCommercial Bank
Checking AccountsOffers Easy Checking, Safeguard Checking, and Rewards Checking, with various features and feesProvides a range of checking accounts with features like early direct deposit but has expensive overdraft feesOffers a variety of checking accounts suitable for different customer needs
Savings AccountsSeveral options including Regular Share Savings and Brighter Day Savings with competitive APYsSavings accounts available, but interest rates are generally lowMultiple savings account options with varying features and benefits
Mobile and Online BankingHighly rated mobile app and online banking servicesOnline and mobile banking services availableAdvanced online and mobile banking platforms
Branch and ATM Network27 branches across Alabama and Tennessee; access to over 75,000 ATMsSolid regional branch network in the South and MidwestExtensive nationwide branch and ATM network
Additional ServicesOffers loans, mortgages, credit cards, investments, and insuranceProvides a wide range of banking, wealth management, and mortgage products and servicesComprehensive financial advisory, wealth management, and investment services

Pros and Cons Analysis 


  1. Variety of Financial Products – Caters multiple accounts including money market accounts, CDs, checking, and saving accounts.
  2. Competitive CD Rates – Agreeable APYs, especially for macro-scale share certificates.
  3. Extensive ATM Network – Ingress over 70,000 fee-free ATMs on a national level.
  4. Innovative Mobile App – Elevated sublime mobile app for reliable banking.
  5. Member-Centric Services – Puts attention on the distinctive requirements of its individuals.


  1. Limited Geographical Reach – The primary service area is in North Alabama and Central Tennessee.
  2. Branch Network – Limited number of physical branch locations.
  3. Restrictions on High APY – Top APY is limited to the first $2,500 in certain savings accounts.

Customer Reviews

Customer experiences with RFCU vary. Some reviews highlight issues with specific services like credit card management and customer support, while others praise the credit union for its range of financial products and digital banking capabilities.

Final Personal Review: Services, Customer-Centric Approach

RFCU’s diverse array of financial products and commitment to member service are notable. The credit union’s focus on serving its community and offering a broad range of financial solutions are key strengths. The limitations in geographical reach and branch network might be a drawback for some potential members.


Redstone Federal Credit Union appears as a detailed entourage of monetary products modified and customized to its client’s requirements, encouraged by a robust cornerstone of digital and advanced banking solutions.

Whereas it has a bounded geopolitical reach and branch network, its macro-scale ATM network and extends across account options make it an agreeable and convenient choice for entitled clients seeking a community-focused banking experience.


What types of accounts does RFCU offer?

RFCU offers checking, savings, CDs, money market accounts, and various loan products.

Does RFCU have a mobile banking app?

Yes, RFCU offers a highly-rated mobile app for convenient banking.

Can anyone join RFCU?

Membership eligibility includes certain clubs, organizations, and employers, primarily in North Alabama and Central Tennessee.

What are the APYs for RFCU’s savings accounts?

APYs vary, with some accounts offering high rates like 2.02% for the first $2,500.

Does RFCU offer mortgage loans?

Yes, RFCU provides various mortgage products, including traditional home loans and refinancing options.