Red Lake Co Op Credit Union

About Red Lake Co Op Credit Union

Red Lake Co Op Credit Union Location

Po Box 154
Red Lake Falls, MN 56750

Phone: (218) 253-2775
Website:
Routing/Transit Number: Not Available

Red Lake Co Op Credit Union Information

Red Lake Co Op Credit Union of Red Lake Falls, MN is a cooperative financial institution that is controlled and owned by its members, and operated for the purpose of promoting thrift, providing credit at fair rates, and providing other financial services to its membership base. This institution has 1229 members and assets of $4,983,182, as compared to the national average of $93 million dollars of assets per credit union. Red Lake Co Op Credit Union, first opened in 1949 and has been in operation since then. Additionally, Red Lake Co Op Credit Union has 2 full time employees and 1 part time employees, or 409.666666667 members per employee, compared to a national average of 376.32254.

While all federal credit unions, and 95% of state-chartered credit unions, have "share insurance" (otherwise known as deposit insurance) of at least $250,000 per member through the National Credit Union Share Insurance Fund (NCUSIF), you should double-check to ensure that Red Lake Co Op Credit Union is covered by this protection. This share (deposit) insurance is backed by the United States government and is administered by the National Credit Union Administration. Red Lake Co Op Credit Union is a not-for-profit, cooperative, tax-exempt organization.