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

valleyfair discounts go virtual

Valleyfair Discounts Go Virtual

We are excited to welcome our members to Valleyfair’s most flexible ticket program. For the 2022 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!

Scholarship Winners

Red Wing Credit Union understands the importance of education, and to help our members further their education with tuition costs, we have recently awarded three scholarships to graduating high school seniors this spring. Selections were based on essays written by each student, based on the prompt: ‘Community service is an integral part of the Credit Union. Share an experience when you contributed your time and/or talents in the community. What did you learn from the experience?’

The first scholarship for $1,000 is given in memory of Rhonda Schultz, a 35-year employee of the credit union. Rhonda made valuable contributions to the well-being of many of our members through loans and credit advising as our loan manager. In recognition of her efforts, we are proud to offer the scholarship in her name. Two additional scholarships of $500 each are also awarded. We are pleased to announce our 2022 scholarship winners below.

 

Soren Toegel, son of Kris & Pat Toegel, was awarded the Rhonda Schultz Memorial scholarship for $1,000. A graduate of Red Wing High School, Soren participated in Cross Country, Swim and Dive, and Track. He was also a member of National Honor Society, Environmental Advocacy Club, Concert Band, and both a student and junior instructor with the Red Wing Environmental Learning Center. Future plans include studying mechanical engineering at the University of Minnesota and joining the Crew team. 

Jacob Flemke, son of Daniel and Cindy Flemke, was awarded a Red Wing Credit Union $500 scholarship.  Jacob graduated from Red Wing High School with highest distinction. Through his high school years, he was a member of the Boys Swimming & Diving team, Boys Tennis Team, and Red Wing Environmental Learning Center.  Jacob was also a member of the National Honor Society. He is an Eagle Scout and continues to be active in Scouting.  Jacob will be attending the University of Wisconsin – Madison in the fall, majoring in Civil Engineering. 

Kennedy Carlson, daughter of Brian and Kris Carlson, was awarded a Red Wing Credit Union $500 scholarship. A graduate of Red Wing High School, Kennedy was a member of National Honor Society and was selected as Student of the Year. She also participated in Swimming and Track & Field. In the fall, Kennedy will be attending Viterbo University in LaCrosse to study nursing.

 

Red Wing Credit Union staff would like to wish Soren, Jacob, Kennedy, and all 2022 graduates the best of success in their future endeavors!

 

rwcu-class-of-2022-graduates

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.

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.

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

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