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

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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

Updated Mobile Banking App is here!

Updated Mobile App features are here

Our Card Control App has now been integrated into our Mobile Banking App…so managing your cards just got better! You can now manage your RWCU Debit and Credit Cards directly in this app. Tap on ‘My Cards’ to make this phone your primary device and enable alerts to receive transaction notifications. Easily add cards to a digital wallet. View your card number and details of where and how your card is used. Receive fraud and transaction alerts. Set spend limits and transaction controls, or set up a travel plan.

 

Designed to optimize your experience, the new features will be found by tapping My Cards right inside our RWCU mobile banking app. You’ll still have all the features you’re used to, and more, including:

  • Transaction notifications
  • Enriched transactions to clearly see where your purchases are made
  • Recurring payment visibility for subscriptions and cards on file with merchants
  • Controls and alerts for location, merchant type, and spending limit preferences
  • Tracking spending by month, category, and more

How do I use Card Control in my Mobile Banking app?

  1. If you haven’t already, download our mobile banking app, set up an account, and login to become familiar with the app.
  2. Turn on automatic app updates on your phone so you get the new features as soon as they are rolled out.
  3. Enable push notifications in our mobile banking app so you know exactly what to expect and when.

    For any questions regarding the update, please call us at 651-388-7133.

    Start Saving Today!

    Save Smart with great rates

    Certificates of Deposit (CDs) are a safe and secure way to grow your savings. For a limited time, we have an exciting offer you can take advantage of:

    11 months at 5.11% APY*

    •  $500 minimum deposit required
    • Insured by NCUA
    • Open to members and non-members

    Start saving today! Take advantage of these great rates while they last! More details here.

    Avoid Text Scams

    How to Avoid Text Scams

    As text scams become more sophisticated, it is getting increasingly difficult to identify the “real” from the “fake”. A new analysis from the Federal Trade Commission (FTC) shows that fake financial institution fraud warnings were the most common form of text message scams reported to the agency in 2022 – nearly twenty times the number since 2019. For example, have you ever received a text that says: “Credit Union Alert: Did you just attempt to charge $3,256 on your credit card? Reply Yes or No”. These texts are designed to create a sense of urgency, often by asking people to verify a large transaction they did not make.

    Here are a couple of things to keep in mind when you get that text and your stomach drops:

      Never click on links or respond to unexpected texts. If you think the text might be legitimate, please contact us directly (651-388-7133). For your protection, never use the contact information provided in the text message.

      Filter unwanted texts.Your phone may have an option to filter and block spam or messages from unknown senders. Click here to see the FTC’s resource on How to Block Unwanted Calls.

      Never share personal or financial information in response to a request that you didn’t expect. Honest organizations won’t call, email, or text to ask for your personal information, such as Social Security number, credit union account information, or credit card numbers.

      Stop and talk to someone you trust.Before taking any action, tell someone – a friend, family member, a neighbor – about the text in question. Talking about it could help to realize it’s a scam.

    As a reminder, legitimate fraud monitoring text messages for Red Wing Credit Union cardholders will be sent from short code 37268. However, when you’re in doubt, call us directly at 651-388-7133 and we will gladly help guide you.

    Partnering with The United Way

    Summer Discount Tickets Available

    At Red Wing Credit Union, our goal has always been to help strengthen the financial lives of the individuals and families we serve. We are proud to create partnerships and find ways both big and small, to support the community around us. When an opportunity presented itself to support the United Way, we gladly accepted.

    The United Way of Goodhue, Wabasha & Pierce Counties brings people together to build stronger communities where everyone can thrive. They help tackle tough challenges and work with private, public, and nonprofit partners to boost education, economic mobility, and health resources. This fits directly with our values, and we partnered with the United Way to sponsor a poverty simulation on their website. This simple tool helps people to better understand the financial struggles that some families face on a regular basis. You can check it out here.

    TurboTax

    Save up to $15 on TurboTax!

    File with the brand millions trust for taxes.

    We’re offering our members TurboTax Online, the easy way to file your own taxes with confidence. Step-by-step guidance and tax savings tools help you get the biggest refund you deserve.

    Plus, get valuable advice on the tax savings implications of opening an IRA. Like the benefits of managing your checking account online, doing your taxes online is easy, convenient and accurate.

    Use e-file and direct deposit to get your refund in as little as 9 days. File your taxes with TurboTax Online today.

    Text Messages from Red Wing Credit Union

    Premium Text Messages

    Red Wing Credit Union is here for you and always has your security in mind. That is why we partnered with EnFact Fraud Monitoring system to offer all RWCU cardholders Premium Text Notifications for free.

    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.

    Take advantage of this free fraud monitoring service by ensuring RWCU has your current cell phone number. If you need to verify or update your cell phone number, give us a call at 651-388-7133.