Required for membership, this account must be opened and the minimum balance of $25 must be maintained to enjoy access to Credit Union products and services.

As a savings account, this account earns dividends, paid quarterly. The account can be accessed at any of our locations, ART, at the ATM or on Home Banking. This account is not eligible for automatic/electronic withdrawals.

To avoid an Inactivity Fee we recommend keeping a balance of at least $250, opening other share types or conducting a transaction every few months.

Convenient and free, Redbrand Credit Union Checking is a transaction account for qualified members. The checking account does not have any monthly maintenance fees or minimum balance requirements. Debit card transactions are automatically routed through this account, as are paper checks. Automated Clearing House (ACH) debits must be routed through checking. Direct deposit may be routed to checking or savings. Online Bill Pay is routed through the checking account. The account can also be accessed via ART, Home Banking and ATM. With our ATM Fee Refund Program, qualified members are reimbursed for the first 8 fees charged at other financial institutions. The checking account does not earn interest.

VISA Check Cards (aka debit cards) may be issued to qualifying members and can be used to conveniently access funds via the ATM, at merchant locations and online. To combat rising fraud risk, fraud detection is included and can be further strengthened by installing CardValet, an easy to use app that gives members more control over card usage. that gives members more control over card usage.

Account reconciliation is key to successfully managing a checking account. Visit our Education & Resources pages for information on balancing your checking account. Information and resources on budgeting are also available.

Most members elect to enroll in Overdraft Protection on their checking account. A checking account may qualify for Courtesy Pay after it has been open at least 6 months.

Order checks online or by contacting the Credit Union.

The Back on Track Checking Account is for qualified members who have had a previous ChexSystems® record. It is designed to help members re-establish positive checking account history. There is a $10 monthly fee for this account. The goal is to have members graduate to a traditional checking after 1 year.

A VISA Check Card* (aka debit card) is issued on the account. The card may be used for ATM Withdrawals, purchases at merchant locations and online. *The card does not have ATM deposit privileges. Fraud detection is automatically applied and CardValet usage is highly encouraged.

This account is not eligible for other types of electronic withdrawal or paper checks.

These accounts are extra savings accounts that fall under your member number. There are no minimum balance requirements or transaction limits. The account can be used as little or as much as you like.

These accounts may be accessed via Home Banking, ART (Audio Response Teller) and by visiting any of our locations. These accounts cannot be accessed via ATM and are not eligible for ACH transactions (Automated Clearing House, routing information provided), or any other electronic transactions.

This account is used specifically with our Credit Builder Loan.

The Credit Builder loan is a loan designed to help members build credit. When a Credit Builder loan is booked, the same amount of funds for which the loan is done are deposited into this account and placed on hold. Funds may come from the proceeds of the loan. The funds are held in the account until the loan is paid in full. After which, the member has established some positive payment history and now has some money down for a potential down payment.

This account is specifically used with our Share Secured VISA.

A Share Secured VISA is a VISA credit card designed to help members build credit. When the VISA is issued, the same amount of funds for which the VISA is issued are deposited into this account and placed on hold. Funds may come from a cash advance from the VISA. The funds are held in the account until the Share Secured VISA is closed.

This account is used specifically with our Cash Now & Cash Later Loan.

A Cash Now & Cash Later Loan is designed to help members break the payday loan cycle. Loans are issued up to $1,000. Twenty-five percent (25%) of the proceeds of the loan are deposited into this account with a hold placed on them until the loan has been paid in full. After which, the member has established payment history and now has some money down for a potential down payment.

Members are encouraged to keep these loans on the books for at six (6) months to positively impact their credit score.

Redbrand Credit Union IMMA account is a dividend earning account. There is a $2,500 required minimum balance and a maximum of three (3) deposits and three (3) withdrawals each month. Checks may be written off this account, as long as the number of withdrawals isn’t exceeded.

In the event the balance goes below $2,500 the interest rate reverts back to that of a savings account. Excessive withdrawals may result in account closure.

Share Certificates, commonly referred to as CD’s, allow members to earn a higher dividend. Terms range from six (6) months to four (4) years. Typically, the longer the term, the higher the dividend earned.

In the event that a certificate is accessed prior to the maturity date a penalty is assessed. See Share Rates and Rates & Fee Disclosures pages for complete details.

Members can enjoy the benefits of a Traditional IRA with Redbrand Credit Union. The daily account is a dividend earning savings account subject to IRA Rules. In order to have any Traditional IRA Certificates at the Credit Union, this account must remain open.

Share Certificates provide optimal earning power for your Traditional IRA. These funds are bound by both the terms of an IRA and Share Certificate. Terms range from six (6) months to four (4) years. In the event that a certificate is accessed prior to the maturity date a penalty is assessed. See Share Rates and Rates & Fee Disclosures pages for complete details.

Members can enjoy the benefits of a Roth IRA with Redbrand Credit Union. The daily account is a dividend earning savings account subject to IRA Rules. In order to have any Roth IRA Certificates at the Credit Union, this account must remain open.

Share Certificates provide optimal earning power for your Roth IRA. These funds are bound by both the terms of an IRA and Share Certificate. Terms range from six (6) months to four (4) years. In the event that a certificate is accessed prior to the maturity date a penalty is assessed. See Share Rates and Rates & Fee Disclosures pages for complete details.

The Redbrand Credit Union Christmas Club Account is designed to help you save for Christmas. The account can be opened with a zero balance and does not have any minimum balance requirements. The account is automatically rolled over into the Primary Share/Savings Account (01) on October 1 of every year.

In the event that the account is accessed prior to that date the account will be closed and will not be eligible to be re-opened for one (1) calendar year.

The Redbrand Credit Union Vacation Club Account is designed to help you save for Vacation. The account can be opened with a zero balance and does not have any minimum balance requirements. The account is automatically rolled over into the Primary Share/Savings Account (01) on May 1 of every year.

In the event that the account is access prior to that date the account will be closed and will not be eligible to be re-opened for one (1) calendar year.

It’s never too early to start learning how to handle money! We welcome minor accounts and have a number of resources to help children learn healthy financial habits. Checkout the resources available on our website in the Education & Resources menu.

A Non-Custodial Account for a Minor is one in which the minor has access to the funds in the account. There must be a responsible adult on the account with the minor. This person is legally responsible for any actions taken on the account, including the minor’s.

For children under the age of 12, we offer Safari Accounts. Safari Accounts are for children under the age of 12. The minimum balance in the account is $5 ($1 one-time membership fee required) for the first year. After which, the account must be brought up to a $25 minimum.

Typically, these accounts are limited to savings accounts until the minor turns 16 years of age. At this time a checking account may be opened with a qualified responsible adult. A debit card may be issued on the account, however, it is likely to have restricted deposit privileges and lower spending limits.

A Custodial Account, also known as an UTMA Account (Uniform Transfer to Minor’s Act), is one in which the minor child is the owner, but does not have access to the account. Access is granted only to the custodian, even after the minor child reaches 21 years of age. The custodian is responsible for transferring assets to the child.

Accounts owned by members over the age of 50 with total balances over $2,000.

Representative Payees appointed by the Social Security Administration (or similar organization) may open accounts for payees at Redbrand Credit Union. While the account is in the name of the payee, only the Representative Payee may access the account. No checks other than SSA (or the organization appointing the Rep Payee) may be negotiated on the account. Payees may open accounts in their name to conduct any business they may have.

To open an account as the Representative Payee, we will need documentation of the appoint from SSA (or similar organization) along with proper ID for both the payee and rep payee. If the payee is unable to come in, we’ll still need to see original ID Documents. Also, to open the account we’ll need the minimum balance of $25 and the $1 one-time membership fee.

Redbrand Credit Union loves to support area small business. Our business account fee structure is the same as our personal accounts. At this time, Redbrand Credit Union is equipped to handle accounts owned by Sole Proprietors (aka DBA or Doing Business As) and Partnerships.

To open an account, sole proprietors will need to bring in their personal identifying documents along with the Certificate of Assumed Name Business and Tax ID documents (if applicable). Those seeking to open a partnership account will need to bring in their personal identifying documents along with the Tax ID documents and Partnership Agreement (if applicable).

This account type allows for community clubs and recreation leagues to conduct business. To open an account, authorized individuals will need to present proper identification, Tax ID documents and a copy of the organization’s minutes authorizing the account and account access to authorized users.

Memorial Fund Accounts are available to those who have recently suffered the loss of a loved one. The primary purpose of these accounts is to collect donations in the decedent’s honor. Typically, donors are instructed how to make checks payable, which matches the title of the account. (Eg – The Jane Doe Memorial Account). We advise not to direct donors how to make checks payable until the account is opened.

To open the account, authorized individuals will need to present proper identification and a written statement that includes the purpose of the account, how funds are to be used and who has authorization to access the account (note, anyone authorized to access the account need to be added to the account).

An Estate is a legal designation for the holding of one’s assets, most often after death. In order to open an Estate Account, the appointed executor(s) must present the Letters (Letters of Office, Administration or Testimentary) to the Credit Union. In addition, we will need documentation of the Tax ID # for the Estate and proper ID for the executor(s). Other documents may be required.

Accounts requiring legal review may be subject to legal fees.

Redbrand Credit Union will act as the fiduciary for a Trust Accounts. In order to open a trust account, all trustees will need to present proper identification, Tax ID documents (if applicable) and the pages of the trust that cover trust access. Legal review of trust accounts may be required. Accounts requiring legal review may be subject to legal fees.