About Red Wing Credit Union

In 1954, a group of Red Wing Shoe Company employees decided to form a cooperative from which they could save and borrow at reasonable rates. The Red Wing Shoe Company Employees Credit Union began operation on June 1, 1954 in Plant 1 of the Red Wing Shoe Company, operated by members/volunteers. Professional staff was hired as the credit union grew, but the office remained within Plant 1 until August 1985, when it relocated to the Armory Center. In 1987, the credit union expanded its charter to allow employees of companies other than the Red Wing Shoe Company to join. The St. James Hotel and S. B. Foot Tanning Company were the first of many local employers who have since joined our field of membership.

The credit union moved to its current location in August 1993. This move gave us much needed office space, parking, and additional drive-thru lanes. To more accurately represent our diverse membership, members approved a name change to Red Wing Credit Union in 1997.

In 2000, Red Wing Credit Union added a major expansion to accommodate our growing membership. In 2002, we welcomed Xcel Energy to our list of SEG groups. In 2003, we received a community charter from the Department of Commerce opening our membership to all people living, working, or doing business in Goodhue County.

Our Employer Groups

We would like to thank these employer groups who offered Credit Union membership to their employees and families before our community charter went into effect in 2003.