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Redstone Federal Credit Union (or RFCU) is an American credit union based in Huntsville, Alabama. As of 2023 [update] , Redstone Federal Credit Union is Alabama's largest credit union and is federally chartered and regulated and insured through the National Credit Union Administration (NCUA).
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This is a partial list of credit unions in the United States.. A credit union is a member-owned financial cooperative, democratically controlled by its members, and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members. [1]
RBFCU offers many products and services in common with other financial institutions, including savings accounts, checking accounts, loan products and mobile technology. RBFCU was among the first financial institutions in the United States to release a remote deposit platform that allowed members to make deposits from their mobile devices.
Banks. Credit unions. Who they serve. Mostly customers in an area where the bank has a branch, unless it’s an online-only bank. It could be a certain region, employer or common group.
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The Federal Deposit Insurance Corporation federally insures most traditional banks in case of failure. But credit unions are not considered traditional banks. Is a credit union FDIC insured?