Business Application for Services - Redstone Federal Credit Union 2025

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The $7.6 billion Redstone Federal Credit Union (RFCU) in Huntsville agreed to settle the lawsuit earlier this year that allegedly claimed members were wrongfully charged overdraft and non-sufficient funds (NSF) fees from 2014 to 2021, ing to court filings in the U.S. District Court in Huntsville.
Credit unions may offer major cost savings compared to banks. Paying less for banking services directly increases profits, benefiting businesses of all sizes. These financial advantages make credit unions appealing for companies looking to impact their bottom line.
Redstone Federal Credit Union will temporarily close all its branch lobbies, beginning March 21st, until future notice. This action is part of the credit unions efforts to halt the spread of the COVID-19 virus.
With absolutely no monthly maintenance fees, Redstones Business Checking Accounts offer convenient ways for you to handle it all. Whether youre running a small business or managing a larger company with a higher balance, well help you keep your expenses low so your business can grow.
A copy of a valid ID that contains a photo, signature and an ID number is required. Any one of the following forms of identification are acceptable: Drivers License State Issued Non-Drivers ID Passport Permanent Resident Card An initial deposit is required to open the account(s).
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Choose the Name for Your Credit Union. Develop Your Credit Union Business Plan. Choose the Legal Structure for Your Credit Union. Secure Startup Funding for Your Credit Union (If Needed) Secure a Location for Your Business. Register Your Credit Union with the IRS. Open a Business Bank Account. Get a Business Credit Card.
Credit unions have over 100 million members in the US. They provide businesses with many of the same financial products as banks. You can get a credit union business account, business loans, and business services such as advice on how to grow your company.
Ready to Open a Redstone Account? Must be eligible for membership and open a share savings account in order become a member and obtain any product or service. A $5 minimum balance is required to open share savings account and be maintained in share savings account at all times. Other restrictions may apply.

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