A member-owned federal credit union founded in 1951, offering personal and business banking, lending and investment services across the Tennessee Valley, with digital and video banking platforms.
Redstone Federal Credit Union is a member-owned, federally chartered financial cooperative serving the Tennessee Valley. Founded in 1951, it has grown to more than 750,000 members and over $7.5 billion in assets, making it one of the 25 largest federal credit unions in the United States and one of the largest in Alabama. It operates 28 branches across the Tennessee Valley and gives members access to thousands of surcharge-free ATMs worldwide.
Its business spans personal and business banking, mortgages, auto loans, credit cards and investment services. On the technology side, the credit union builds and maintains digital channels including online banking, mobile apps and Redstone Live, a video banking service that provides face-to-face assistance on demand. Work therefore spans consumer lending, mortgage lending, business banking, investment services and the digital banking platforms that support them.
As a cooperative, Redstone exists to serve its members rather than shareholders; surplus funds are returned to members through dividends, competitive rates and lower fees. Community involvement is a stated part of the organisation's identity, expressed through initiatives such as the Community Champions programme, alongside a stated focus on convenient member access and digital banking innovation.
