(August 26, 2019) Redstone Federal Credit Union's commitment to rural communities expanded this summer when Redstone joined forces with Rural King to offer low-cost loans on select farm equipment and credit cards.

 

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Redstone supports rural families through partnership with Rural King stores

26 Aug 2019

FOR IMMEDIATE RELEASE

 

(August 26, 2019) Redstone Federal Credit Union’s commitment to rural communities expanded this summer when Redstone joined forces with Rural King – America’s Farm and Home store – to offer low-cost loans on select farm equipment and credit cards.

Supporting America’s small farmers and rural families are at the heart of Redstone’s efforts to provide access to lower loan rates and to experience the exceptional service Redstone members have long enjoyed.

Credit unions were created primarily to make credit available to people of modest means. Of Redstone’s more than 437,000 members, nearly a third of those live in rural areas and many are of modest means.

“Redstone’s decision to offer products and services to Rural King customers is another way to grow and expand the cooperative so that members get more for their investment,’’ said Joe Newberry, Redstone President and CEO.

“Each joint venture makes Redstone stronger so that it can offer lower rates and give more back to our members,’’ Newberry said. “We are always looking for innovative ways to serve our members and the communities.’’

Redstone expects the Rural King collaboration to provide even more value to its membership because as a credit union, it returns profits to its members in the form of lower loan rates and higher earnings on deposits.  

Founded in 1960, Rural King is a family-owned and operated business that connected with Redstone’s ‘People Helping People’ philosophy. The corporation is also a strong supporter of the military through the Gary Sinise Foundation and of programs for rural communities, such as the Future Farmers of America and the 4-H Club.

  

About Redstone Federal Credit Union  

With more than $4.9 billion in assets, Redstone Federal Credit Union is the largest member-owned financial institution in Alabama and one of the largest federal credit unions in the nation by assets. Based in Huntsville, Alabama, Redstone Federal Credit Union serves more than 430,000 members.

Chartered on November 28, 1951, Redstone Federal Credit Union has proudly served its members for 67 years and has 27 conveniently located branches across North Alabama and Tennessee.

Redstone Federal Credit Union provides a level of service that is not generally available at other financial institutions through its philosophy of - People Helping People.

 

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