Red Wing
Red Wing is a credit union based in Red Wing, Minnesota, established in 1954, with $208 million in total assets serving 9,734 members. By Trust Grade it ranks 15th of 81 credit unions we track in Minnesota. Its net worth ratio of 12.2% is stronger than 63% of similarly sized credit unions, versus a Minnesota median of 12.2%. It was profitable over the most recent period, with a 1.27% return on assets. No consumer complaints against Red Wing appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Red Wing compares to Minnesota peers
How we graded Red Wing
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.2% capital ratio)
- Strongly profitable (ROA 1.27%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Red Wing over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Red Wing insured?
Yes. Red Wing is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Red Wing: frequently asked questions
Is Red Wing a good credit union?
Red Wing earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (12.2% capital ratio); Strongly profitable (ROA 1.27%).
Is Red Wing NCUA-insured?
Yes. Red Wing is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Red Wing?
Red Wing holds $208 million in total assets, ranking 15th of 81 credit unions we track in Minnesota. It serves 9,734 members.
Does Red Wing have CFPB complaints?
No CFPB complaints against Red Wing appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
