RED LAKE CO OP Credit Union Profile

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RED LAKE CO OP

Charter #6144 | NCUA Region 3 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (218) 253-2775

Fax: (218) 253-4958

Founding Date: N/A

Website: http://www.redlakecfcu.com

Personnel & Operations

President: Lehrer, Joel

Manager: Kenfield, Sara

FT Employees: 2

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 03

Branches: 1

Hours: 9am-3pm Mon, Tue, Wed 9am-6pm Thur 9am-5p

Credit Union Profile Summary

RED LAKE CO OP is a FCU Credit Union. With a total of 1,417 members [1], this institution manages approximately $6,728,494 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 13.17% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 8.84% [1].

Financial Snapshot

Total Assets [1]
$6,728,494

Total economic resources.

Total Loans [1]
$4,064,431

Total value of outstanding loans.

Total Deposits [1]
$5,834,002

Total funds deposited by members.

Members [1]
1,417

Number of active members.

Performance Ratios

Net Worth Ratio [1]
13.17%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.56%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
69.67%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 1.18%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 8.84%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -1.39%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

111 2nd St SW

Red Lake Falls, MN, 56750-4015
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 2 branches reported by RED LAKE CO OP (Charter #6144).

Main Office

Records Main Office

Type: Corporate Office

111 2nd St SW

Red Lake Falls, MN 56750-4015

Phone: (218) 253-2775

Services: Member Services

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Additional Branches

Red Lake Falls

CU Office

Type: Corporate Office

111 2nd St SW

Red Lake Falls, MN 56750-4015

Phone: (218) 253-2775

Services: None specified

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