Red Lake Co Op Federal Credit Union

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A short history of Red Lake Co Op FCU

Since its inception in 1949 the Red Lake Co Op Federal Credit Union has been serving its members in the RED LAKE FALLS, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Lori Hagl, the Red Lake Co Op FCU has grown its membership to over 1,491 with assets of more than $6,558,562. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (218) 253-2775 or email them at rlcfcu@gvtel.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in RED LAKE FALLS, MN.

General Information For Red Lake Co Op FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 6144
Address PO BOX 154 
City RED LAKE FALLS 
State Minnesota 
Zip-Code 56750
Phone Number (218) 253-2775
Fax Number (218) 253-4958
Email Address: rlcfcu@gvtel.com
CEO/President Lori Hagl
Members 1,491 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 6,558,562 
Website http://redlakecfcu.com 

Compare Red Lake Co Op Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Brooks Community CU Brooks Community Federal Credit Union 200 Main Street 56715 (218) 698-4220 No 13.64
Agassiz CU Agassiz Federal Credit Union 218 N Broadway 56716 (218) 281-5741 No 15.91
Soo Select CU Soo Select Credit Union 1100 Vanrooy Dr 56701 (218) 681-2303 No 17.35
Pennington Municipal & County Emplo CU auditorim 123 Main Ave N 56701 (218) 681-7622 No 18.35

Red Lake Co Op Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Red Lake Co Op Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 2.80 6.00 5.50 4.60
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 120 443 324 182
Rank Among All Minnesota Credit Unions N/A 23 68 39 19

Red Lake Co Op Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.01 0.15 N/A N/A N/A
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 140 119 N/A N/A N/A
Rank Among All Minnesota Credit Unions 15 13 N/A N/A N/A
Red Lake Co Op Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 12.0003729,214
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.80036615,279
Used Vehicle Loans 6.0001381,110,393
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.500211,126,047
Total Other Real Estate Loans/Lines of Credit 4.60015608,742
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.2001111,070,455
TOTAL LOANS & LEASES 3584,560,130

Red Lake Co Op Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 0000
    b. 15 Years or less 437,43300
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 171,088,61400
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 15608,7424205,000
Open-End Fixed Rate 0000
TOTALS 361,734,7894205,000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Red Lake Co Op Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay No
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs No
Home Banking Via Internet Website Yes