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Redstone Federal Credit Union
Work Here?
Member-owned financial services cooperative
Redstone Federal Credit Union
Work Here?
Member-owned financial services cooperative
About Redstone Federal Credit Union
Industries
Financial Services
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Huntsville, Alabama
Founded
N/A
Overview
Redstone Federal Credit Union serves as a member-owned financial cooperative in the Tennessee Valley, offering banking services such as checking, savings, loans, mortgages, and digital banking through its 25 branches in Northern Alabama and Southern Tennessee. Its products work by pooling members’ deposits to fund loans and services, with profits returned to members via competitive rates and lower fees, while providing online and in-branch access for everyday financial needs. The credit union differentiates itself from competitors as a large, not-for-profit, member-owned institution with a broad branch network and a mission to help members live brighter and achieve their financial goals. Its goal is to support financial well-being for its over 400,000 members and continued growth as Alabama’s largest credit union and a top federal credit union in the U.S.
Simplify's Take
What believers are saying
- Samarpreet Sohi appointed CFO in 2025 strengthens financial leadership.
- Rick Hempstead joined board May 10, 2023, adds expertise.
- Ericka Gorman as Chief Lending Officer bolsters lending strategies.
What critics are saying
- Joe Newberry's sudden CEO departure disrupts operations within 12-24 months.
- Tennessee Valley employer exits erode deposit base in 12-24 months.
- Navy Federal expansion captures members in 6-18 months.
What makes Redstone Federal Credit Union unique
- Largest Alabama credit union with $7.6 billion assets since 1951.
- Serves 650,000 members across 27 branches in Tennessee Valley.
- Offers personalized investments via CFP® professionals Allison Davidson and Josh Daily.
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Benefits
Remote Work Options
Company News
Prizeout has launched its Credit Card Rewards programme, completing its CashBack+ ecosystem for credit unions. The platform integrates credit card transactions with existing CashBack+ Offers, Actions and Pay into a single rewards system accessible through credit unions' digital banking platforms. The programme allows credit unions to set their own cashback percentages and categories, with rewards displayed as cash rather than points. Members can manage everything within their existing online banking without separate portals or apps. United Financial Credit Union and Redstone Federal Credit Union are the first to adopt the programme, with additional credit unions signed on. The launch positions New York-based Prizeout, founded in 2019, as the only provider offering an end-to-end rewards platform designed specifically for credit unions.
Redstone Federal Credit Union is a Silver Stevie(R) Award winner in the 23rd Annual American Business Awards.
Redstone Federal Credit Union has named Samarpreet Sohi as its chief financial officer and executive vice president.
The $7.6 billion Redstone Federal Credit Union in Huntsville, Ala., announced the appointment of Rick Hempstead to its board of directors.
There are no jobs for Redstone Federal Credit Union right now.
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About Redstone Federal Credit Union
Industries
Financial Services
Company Size
501-1,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Huntsville, Alabama
Founded
N/A
There are no jobs for Redstone Federal Credit Union right now.
Find jobs on Simplify and start your career today