HUNTSVILLE, Ala.–Redstone Federal Credit Union its 500,000th member, which it called a “major milestone” after having been chartered in 1951 with just 11 members.
Branch staff decorated their branches, handed out commemorative lapel pins and sweets, while thanking members for their loyalty and dedication.
“We experienced a fourth straight year of explosive membership growth – adding more than 55,000 net new members during 2019,’’ said Redstone President and CEO Joe Newberry. “This great accomplishment would never have been possible if not for our members. We believe we are the financial partner of choice because of the value and service we offer.’’
In addition to reaching 500,000 members during February, Redstone is also celebrating surpassing $5.5 billion in assets, making it one of the 20th largest federal credit unions in the country.