Red Lake Co Op Credit Union Red Lake Falls MN

Introduction

Welcome to Red Lake Co Op, your trusted financial partner located at 111 2Nd St Sw, Red Lake Falls, MN 56750. Since our establishment in 1949, we have been dedicated to serving our community with integrity and a commitment to excellence. Our credit union prides itself on being more than just a bank; we are a community-focused organization that aims to help our 1,433 members achieve their financial goals. With total assets of $6,587,260 and deposits amounting to $209,902, we ensure that your money is not only safe but also working hard for you. Our diverse range of services includes various loan options, with a total of 276 loans and leases currently available to meet your needs. We understand that every member's financial journey is unique, which is why our team works tirelessly to provide personalized solutions. At the helm of our operations is CEO Sara Kenfield, who leads a small but dedicated team of 3 employees. Together with Board President Joel Lehrer, they foster an environment where members feel valued and supported. Whether you're looking for advice on loans or savings strategies, our knowledgeable staff is here to guide you every step of the way. While you can visit us at our branch for all your banking needs, please note that official correspondence should be directed to PO Box 154, Red Lake Falls, MN 56750. We're proud to serve our local community and are always eager to help you thrive financially. Ready to take the next step? Feel free to reach out at (218) 253-2775 or explore our services online at redlakecfcu.com. Join us today and experience the difference of a credit union that truly cares about its members!

Branch History & Mission

At Red Lake Co Op, we take pride in our rich history and strong commitment to our community. Founded in 1949, our branch has been a cornerstone of financial support and service for the residents of Red Lake Falls, MN. Over the years, we have grown from a small local credit union into a trusted institution with over 1,400 members and total assets reaching an impressive $6,587,260. Located at 111 2Nd St SW, Red Lake Falls, MN 56750, our branch is conveniently situated near local landmarks that make it easy for you to visit us. While our physical location is where we build relationships, members can also send official correspondence to PO Box 154, Red Lake Falls, MN 56750 if needed. Our mission is simple yet powerful: to provide exceptional financial services while fostering community growth and support. We believe in empowering our members by offering personalized banking solutions that fit their unique needs. Whether it's helping families secure loans for homes or vehicles or providing guidance on savings strategies, we are dedicated to making a positive impact on each member's financial journey. As we evolved through the decades, we've embraced advancements in technology to serve you better. Our online banking platform allows you to manage your finances conveniently from home. We offer features such as electronic statements and mobile applications, ensuring that banking with us is efficient and user-friendly. Moreover, our commitment to the community extends beyond just financial services. We regularly engage in outreach efforts that support local initiatives and organizations. By partnering with schools and charitable groups in Red Lake Falls, we strive to uplift those around us and contribute to a vibrant community spirit. We invite you to join us at Red Lake Co Op. Experience firsthand how we can help you achieve your financial goals while being part of a supportive community network. Stop by during our operating hours Monday through Friday from 9 AM to 5 PM (with extended hours until 6 PM on Thursdays) and Saturdays from 9 AM to noon or give us a call at 218-253-2775. Let's work together toward a brighter financial future!

Branch Location & Accessibility

Operating Hours

We want to make your banking experience as smooth as possible. Our doors are open Monday through Wednesday and Friday from 9 AM to 5 PM, Thursday until 6 PM, and Saturday until noon. This way, whether you're stopping by on your lunch break or after work, we're here when you need us most!

Parking and Accessibility

We understand how important it is for our members to have easy access to our services. At our branch, you'll find ample parking available, making it convenient for you to pop in and out. Our facilities are designed with accessibility in mind, featuring ADA-compliant ramps and entrances to ensure everyone can visit us comfortably.

Services Offered

While we currently do not offer ATM or drive-thru services, our dedicated staff is ready to assist you with a range of financial services during lobby hours. From personal loans to savings accounts, we're committed to helping you manage your finances effectively. If you need to reach us, don't hesitate to give us a call at 218-253-2775. We look forward to welcoming you at the Red Lake Co Op branch! Whether you're an existing member or looking to join our community, we're excited to help you achieve your financial goals.

Member Eligibility

At Red Lake Co Op, we believe that everyone deserves a chance to belong to a supportive community that prioritizes their financial well-being. Becoming a member is simple and welcoming. If you live, work, worship, or attend school in the Red Lake Falls area, you're already on your way to joining our family! We welcome individuals from all walks of life, so whether you're just starting your financial journey or looking to find better services for your needs, Red Lake Co Op is here for you. To get started, simply visit us at our branch located at 111 2Nd St Sw Red Lake Falls Mn 56750 or give us a call at (218) 253-2775. You can also check out the detailed eligibility criteria on our website. Once you're ready, opening an account is straightforward just follow the easy steps outlined here: https://www.cuconline.net/olb/www.redlakecfcu.com/olb-login/enroll. Join us today and experience the many benefits of being part of our cooperative community!

Business Banking & Commercial Services

Loan Options That Fuel Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services Tailored for You

Imagine being able to accept payments easily from customers while managing your cash flow efficiently. Our merchant services provide you with the tools needed to streamline transactions, making it easier for you to focus on what you do best running your business. Located at 111 2Nd St Sw Red Lake Falls Mn 56750, Red Lake Falls, MN, we're here to help your business reach new heights. Call us at (218) 253-2775 or visit us online at http://redlakecfcu.com to learn more about how we can support your business needs!

Comprehensive List Of Services

Community Engagement and Support

We believe that being a part of the community means more than just banking. Our team is committed to supporting local initiatives and ensuring that we cater to the specific needs of our members. If you ever have questions or need assistance, don't hesitate to reach out! You can contact us at (218) 253-2775 during our operating hours: Monday through Wednesday from 9 AM to 3 PM, Thursday until 6 PM, Friday until 5 PM, and Saturday until noon.

Join Us Today!

At Red Lake Co Op, we're not just another credit union; we're a community partner focused on helping you achieve your financial goals. If you're ready to experience personalized service combined with modern banking conveniences, visit us at 111 2Nd St Sw Red Lake Falls Mn 56750 or check out our website at http://redlakecfcu.com for more information. We look forward to welcoming you as a member!

Online and Mobile Banking Features

In today's fast-paced world, having control over your finances from anywhere is essential. At Cu Office, we provide robust online banking options that allow you to manage your accounts from the comfort of your home or on the go. Whether it's checking balances, transferring money, or paying bills, our online platform makes it simple. Plus, with our mobile application, you can access your account right from your smartphone.

Personal Banking Solutions

We know that life can get busy, and managing finances shouldn't add to your stress. That's why we offer convenient ATM Services Only for quick access to your funds whenever you need them. Imagine being able to withdraw cash or check your balance without waiting in line it's all about making banking easier for you.

Digital & Online Banking

Accessibility and Security

Managing your finances shouldn't be a chore. With Red Lake Co Op, you have real-time access to your accounts from anywhere with an internet connection. Our platform is built with security as a priority, giving you peace of mind while you bank online. Whether you're checking your balance during lunch or transferring funds late at night, we've made sure that every interaction is safe and straightforward. Join us today at http://redlakecfcu.com and experience banking that works around your life!

Key Features

One of the standout features is our user-friendly mobile application, which allows you to check your account balances, view transaction history, and transfer funds on the go. For those moments when you want to share a little extra with friends or family, our person-to-person transfer feature makes sending money simple and fast. We also provide e-statements for all members, ensuring you receive your account information securely and promptly without the hassle of paper statements. This not only helps the environment but also keeps your financial records organized. While we don't currently offer electronic signature authorization or mobile payments, rest assured that our services are designed with your security in mind.

Financial Strength

At Red Lake Co Op, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to ensuring that your savings are in safe hands while providing you with the best possible services and products. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $856,499, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 13.00% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $0 in share certificates and $0 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $690,640 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is significant $83 in used auto loans and $3,985,278 in total loans and leases support our members' financial goals across various sectors. Our $2,658 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 2 full-time employees and 1 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $0. Total Share and Deposit Accounts: 1,975, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Red Lake Co Op is your trusted partner. Visit us at 111 2Nd St Sw Red Lake Falls Mn 56750 or call (218) 253-2775 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $1,071,318 in used vehicle loans and $1,519,399 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates to make your car-buying experience easier and more affordable.

Credit Lines

For those needing extra financial flexibility, our total credit lines amount to $300,000. This service provides an additional cushion for unexpected expenses or planned purchases. If you're considering refinancing options or want to know if you qualify for any of our loan products, feel free to reach out. You can call us at 218-253-2775 for personalized assistance. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At Red Lake Co Op, we are committed to supporting our members' financial well-being through accessible and beneficial loan solutions tailored just for you!

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $26,145, make buying or refinancing simple. Whether you're a first-time homebuyer or looking to refinance your current mortgage, we can guide you through the process with ease.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $0 in loans helping members manage their finances effectively. This option allows you to access funds without needing collateral while enjoying the convenience of a credit card.

Loan Aggregator

Benefits of Using LendMesh

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RED LAKE CO OP FEDERAL CREDIT UNION - Red Lake Falls, MN

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