Noteworthy

Please enjoy news and tips we believe our members will find of interest and relevant to our business and philosophy here at Red Wing Credit Union.

Newsletter

Review our archive of quarterly newsletters.

Theft & Fraud Prevention

Tips to protect yourself from becoming a victim of fraud.

Calculators

How much will you save with Red Wing Credit Union?

In the News

Scholarships, scams on the rise, text alerts, and more.

Financial Calculators

Use these handy tools to help you with your finances.

Basic Loan Calculator

Loan Calculator

  Original Size  

Savings Calculator

Complete 3 of the 4 fields below to find out how much your savings will be worth in the future, or how much you need to save to meet your end goal. This calculator uses a 365-day year and assumes that the dividends are compounded quarterly.

Dividend Rate %
Term Months
Principal $
Ending Value $

More Calculators

BankRate.com is a financial watchdog company with lots of useful tips and calculators to help you stay on top of your finances.

Visit the BankRate.com Calculators page

In the News

Scholarships

Each year, Red Wing Credit Union is proud to award two $500 tuition scholarships and our annual $1,000 Rhonda Schultz Memorial Scholarship,  available to members of our credit union that are upcoming high school graduates. The application window for 2022 has closed and the scholarship winners will soon be announced! 

scholarships

Be Alert: Scams On the Rise

The pandemic has created a lot of uncertainty. More people than ever are staying at home, which has created many new opportunities for scammers.

In 2021, the list of scam schemes grew by leaps and bounds. The USA.Gov website maintains a list of common scams that you can read here.

Phone Calls
A message from Amazon about your order… a favorite charity begging for emergency funds… a Microsoft rep saying your computer is infected… a warning about your car warranty… these were all common phone scams in 2021. The best way to avoid scam phone calls is to never answer calls from unknown numbers. If it’s really important, they’ll leave a message. At that point you can cross-check the callback number to verify this is a legitimate phone call.

Text Messages
Scammers send fake text messages to trick you into giving them your personal information – things like your password, account number, or Social Security number. Never reply to a text from an unknown sender. If possible, install an app such as Truecaller that will block unknown numbers.

Email Scams
As with text messages, email scams will try to trick you into giving them your personal information. Other email messages will contain links to malware websites. Many anti-virus programs now filter email as part of their service and will send unknown emails into a Spam box. If you don’t have such a service on your computer, consider getting one.

valleyfair discounts go virtual

Valleyfair Discounts Go Virtual

We are excited to welcome our members to Valleyfair’s most flexible ticket program. For the 2021 season, Valleyfair is making it easier to participate with an online ticket portal link.

A fantastic savings on summer fun! Simply access the online store by visiting www.valleyfair.com/save. Enter the username, REDWINGCU and password, REDWINGCU.

Please note the username and password are required to access the savings and are case sensitive. You no longer will be required to purchase wristbands in our office.

In addition to Valleyfair and Soak City Admission Tickets, you can also enjoy savings on additional items to complete you visit including parking, souvenir bottles, single-meal deal, all-day dining and more! Valleyfair is the ideal location for your summer fun with new enhanced safety procedures throughout the park. We guarantee big smiles and a day to remember!

RWCU Text Alerts

If we detect a suspicious transaction on your card, we’ll let you know immediately by text.

Red Wing Credit Union has upped the ante against fraudsters as we have your security in mind. We strive to make sure using your Red Wing CU debit and credit card is both safe and convenient, so you don’t have to worry. Beginning on March 17, 2021 our new Premium Text Notification service, powered by the EnFact Fraud Monitoring system, will notify you immediately if a suspicious transaction is detected on your debit or credit card by texting your cell phone.

When a suspicious transaction is detected, you can expect a text message to come from the short code 37268.

The text message will offer basic information about the suspected transaction, including the amount of the transaction and the merchant information, if available. Verifying a transaction is as effortless as replying “YES”, then the system will mark the transaction as legitimate, and you can get on with your day – simple as that! If you indicate the transaction is fraudulent by responding “NO”, you’ll receive another message with a number to call for follow-up. It’s quick, easy, and lets you stay confident while using your Red Wing CU Visa cards.

How do I sign up to receive Premium Text Notifications?
Cardholders are automatically enrolled in this service, and as long as we have your current cell phone number on file, there is no action to take. If you need to verify or update your cell phone number, give us a call at 651-388-7133.

Red Wing Credit Union does not charge for this service; however, you may opt out of the service at any time by replying “STOP” to the short code 37268.

CARES Act Highlights and Updates

More investors qualify for relief

The IRS has expanded relief for investors who are subject to required minimum distributions (RMDs) and for those who need to take an early distribution from their retirement funds.

CARES Act

Help Red Wing Credit Union Grow

On average, credit union member households in the U.S. save about $159 a year. If you love banking at Red Wing Credit Union, spread the word! Refer a friend or family member to RWCU for a checking account or a loan to earn some cash.

We're a member-owned financial institution right here in Red Wing, Minnesota. Our focus is on people, not on profit.

Red Wing Credit Union
3303 North Service Drive, Red Wing, MN 55066
651-388-7133 or 1-888-388-7133 toll-free
Routing #: 291975423 | NMLS-481010

Lobby Hours:
M-F 8:30am – 4:30pm | Sat 8:30am – Noon
Drive-Thru:
M-F 8:30am - 5pm | Sat 8:30am - Noon

WEBSITE ACCESSIBILITY NOTICE

Red Wing Credit Union strives consistently to conform to WCAG 2.0 Level AA of accessibility. If you have difficulty accessing this webpage or any element of Red Wing Credit Union's website, please call us at 1-888-388-7133 or email us at memberservices@redwingcu.com.

Savings are federally insured by the NCUA to at least $250,000Equal Housing Lender

© 2022 Red Wing Credit Union. All Rights Reserved.