Red Oak Credit Union Northport AL | Low Mortgage Rates & Auto Loans

Introduction

Welcome to Red Oak, your trusted partner in financial well-being, located at 3100 McFarland Blvd, Northport, AL 35476. Since our establishment in 1955, we have been dedicated to serving the community with a commitment that goes beyond banking. With 4,373 members and growing, we pride ourselves on offering personalized services tailored to meet the unique needs of each member. At Red Oak, we understand that your financial journey is personal. That's why we provide a comprehensive range of services including checking and savings accounts, auto loans, mortgages, personal loans, and business banking options. Our total assets stand at an impressive $44,409,830, with $129,686 in deposits and a net worth of $3,479,138. We maintain a strong financial foundation that ensures you can trust us with your hard-earned money. Our friendly team of 13 dedicated employees, led by CEO Shep Lowery and Board President Michael Wilson, is here to assist you every step of the way. Whether you're looking for guidance on securing a loan or managing your savings, we're ready to help. While members can visit us at our branch location, official correspondence should be sent to the same address: 3100 McFarland Blvd, Northport, AL 35476. You can reach us at (205) 247-4655 for any inquiries or assistance you may need. Join us today and experience the Red Oak difference! Explore our services further on our website at www.redoakcu.com or stop by to speak with one of our knowledgeable team members. Together, let's build a brighter financial future!

Branch History & Mission

The story of Red Oak in Northport, AL is one of community, growth, and unwavering commitment. Since opening its doors in 1955, Red Oak has been a beacon of financial support for its members, fostering a sense of belonging and mutual assistance that is at the heart of what credit unions stand for. With a total membership of 4,373, this branch has evolved alongside its community, adapting to meet the needs of its members while maintaining strong ties to local values. Located at 3100 McFarland Blvd, Northport, AL 35476, our branch is easily accessible and situated near popular landmarks that make it a convenient stop for all your banking needs. Whether you are stopping by for a quick transaction or seeking comprehensive financial services, we are here for you. At Red Oak, our mission is clear: to provide exceptional financial services while supporting the communities we serve. We aim to empower our members through access to essential banking products like checking and savings accounts, auto loans, mortgage options, and business banking solutions. But our commitment goes beyond just financial transactions; we actively participate in community outreach efforts and partnerships that uplift those around us. Our operational excellence is reflected in our total assets of $44,409,830, ensuring that we can offer competitive rates and services that truly benefit our members. We are proud to be fully compliant with ADA standards and have made significant strides in embracing digital advancements such as online banking and mobile app services. Our drive-thru service makes banking even easier for those on the go. While members can visit us at 3100 McFarland Blvd, official correspondence should be sent to the same address. Additionally, for any inquiries or support, feel free to reach out at 205-247-4655. As we look toward the future, we invite you to join the Red Oak family. Experience firsthand the dedication we have towards enhancing your financial journey while making a positive impact in Northport. Together, let's build a brighter tomorrow!

Branch Location & Accessibility

Accessibility Features

Our branch is designed with accessibility in mind. We have parking available right outside the entrance, making it simple for everyone to visit us. If you require assistance, our friendly staff is always ready to help. The location is compliant with ADA standards, ensuring ramps and other features are in place for easy access.

Contact Us

If you have questions or need assistance before visiting, feel free to give us a call at 205-247-4655. While members can visit us at our branch address, official correspondence should be sent to the same address as well. Come experience convenient banking at Red Oak Northport Branch! We look forward to seeing you soon.

Operating Hours

We understand that life can get busy! That's why our lobby hours are tailored to fit your schedule: Monday through Wednesday from 8:30 AM to 4:30 PM, and on Thursday and Friday from 8:00 AM to 5:00 PM. Whether you're stopping by during your lunch break or after work, we're here for you.

Services Offered

At Red Oak Northport Branch, we offer a variety of services to meet your banking needs. From personal checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. For those on-the-go, our ATM is available for quick cash withdrawals and balance checks. If you prefer doing things from your car, take advantage of our drive-thru service for deposits and withdrawals without having to leave your vehicle.

Member Eligibility

At Red Oak, we believe that becoming a member is like joining a caring family that's dedicated to your financial well-being. Anyone who lives, works, or worships in our community is welcome to apply for membership! Whether you're looking for personal banking options, loans, or just a supportive place to manage your finances, we're here for you. The process is simple and inclusive just visit us at 3100 Mcfarland Blvd Northport Al 35476 or give us a call at (205) 247-4655 if you have any questions. For detailed eligibility criteria, check out our resource at . Once you're ready, opening an account is easy through this link: https://my.homecu.net/fi/dchcu/lnappfrm.html. We can't wait to welcome you into our community!

Business Banking & Commercial Services

Merchant Services That Make a Difference

In addition to loans, our merchant services simplify transactions so you can focus on what matters most running your business. Picture this: a customer walks into your store and pays effortlessly with their card while you track sales easily through our online tools. Our services not only speed up payments but also enhance customer satisfaction. Ready to take your business to the next level? Visit us at 3100 Mcfarland Blvd Northport Al 35476, Northport, AL, or call us at (205) 247-4655 to learn more about how we can support your financial journey.

Supporting Your 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.

Comprehensive List Of Services

Business Banking

We haven't forgotten about local businesses! Our business banking services, including merchant services and business loans, are here to support entrepreneurs as they grow their ventures. We understand the unique challenges businesses face, and we are committed to helping you succeed.

Convenient Access

Accessibility is key at Red Oak. With our ATM and cash withdrawal services, you'll find it easy to access your money when you need it most. For those quick transactions, our basic drive-thru banking allows for deposits, withdrawals, and other simple transactions without leaving your car. Plus, if you're a member of a partner credit union, you can perform basic shared branch transactions right here! In addition to these services, you can take advantage of features like person-to-person payments through our online banking platform. This means sending money to friends or family is just a few clicks away. If you have questions or would like to learn more about how we can assist you with your financial journey, don't hesitate to call us at 205-247-4655. Our friendly staff is here to help during lobby hours from 8:30 AM to 4:30 PM on weekdays (and until 5:00 PM on Thursdays and Fridays). Explore all that Red Oak has to offer today! Visit us at www.redoakcu.com or stop by our Northport branch we're excited to help you achieve your financial goals!

Credit Cards

For those who enjoy rewards while spending, our credit cards with rewards make every purchase count. You'll earn points that can be redeemed for travel, merchandise, or cash back turning everyday shopping into an opportunity for savings.

Loans and Financing

When it comes to financing your dreams, our auto loans and vehicle financing options ensure you can get behind the wheel without breaking the bank. Whether it's a new car or a used one, we've got competitive rates that cater to all types of budgets. If you're considering purchasing a home, our mortgage loans and refinancing services provide flexible solutions designed for first-time buyers and seasoned homeowners alike. Need extra cash? Our personal loans and debt consolidation options can help you tackle unexpected expenses or streamline your payments into one manageable monthly bill.

Personal Banking

Starting with personal banking, we offer checking and savings accounts that fit your lifestyle. Imagine being able to easily manage your finances through our online and mobile banking platforms. You can check your balance, transfer funds, and pay bills right from your phone or computer making banking not just easier but also more convenient.

Digital & Online Banking

At Red Oak, we understand that convenience and security are essential for our members. That's why we offer a comprehensive range of digital and online banking services designed to make managing your finances easier than ever. With 24/7 access to your accounts, you can bank whenever it suits you best. One of the standout features of our service is the ability to access your accounts through our online banking platform. Whether you're checking balances, transferring funds, or paying bills, everything is just a few clicks away. Plus, with our e-statements available, you can easily keep track of your financial activity without the clutter of paper statements. For those on the go, our mobile application makes banking even more accessible. You can download it and manage your accounts right from your smartphone. While mobile payments are not currently offered, you still have the flexibility of person-to-person transfers, allowing you to send money quickly and securely to friends or family. Security is a top priority at Red Oak. Even though we don't use electronic signature authorization right now, rest assured that all your transactions are protected with robust security measures. We prioritize keeping your financial information safe while ensuring that navigating your account is user-friendly. In short, our digital and online banking services empower you with real-time account management at your fingertips. Explore what we have to offer today by visiting our website and discover how easy banking can be!

Financial Strength

Commitment to Growth

With $3,792,074 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals across various sectors, as evidenced by our $2,172 in used auto loans and $22,598,131 in total loans and leases.

Efficient Operations

Our operational efficiency is reflected in our $-312,936, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 13 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Member Base

Total Share Accounts: 10,746, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $1,617,988. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Red Oak is your trusted partner. Visit us at 3100 Mcfarland Blvd Northport Al 35476 or call (205) 247-4655 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $3,354,394 in share certificates and $1,411,348 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $2,002,000, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Strong Financial Health

With a net worth of $3,479,138, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $783 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Additional Financing Options

In addition to these products, our total credit lines amount to $18,596,500, providing you with additional flexibility when it comes to managing larger expenses. Whether it's for personal use or unexpected costs, we are here to assist you. If you're considering refinancing options or want to explore eligibility requirements for any of our products, our friendly team at our Northport branch is ready to help you navigate through the process. Feel free to reach out at 205-247-4655 for personalized assistance. Our 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 Oak in Northport, AL (3100 Mcfarland Blvd), we're dedicated to providing outstanding service and financial solutions that empower our members every day.

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $4,043,291 in used vehicle loans and $5,288,048 in new vehicle loans already helping members get on the road. We provide financing options that suit various budgets and preferences, ensuring you can drive away with confidence.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $1,523,679, make buying or refinancing simple. We offer competitive rates and flexible terms that can help you settle into your dream home sooner than you think.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $2,153,733 in loans helping members manage their finances effectively. Our credit cards come with rewards that can make everyday purchases more rewarding.

Loan Aggregator

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Ensuring Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov). This commitment ensures that users receive fair and transparent offers. By aggregating information from reputable lenders, LendMesh guarantees that the loan options presented are both accurate and trustworthy.

Red Oak