Red Lake Co Op
Red Lake Co Op is a credit union based in Red Lake Falls, Minnesota, established in 1949, with $7 million in total assets serving 1,439 members. By Trust Grade it ranks 47th of 81 credit unions we track in Minnesota. Its net worth ratio of 12.9% trails most similarly sized credit unions (40th percentile), versus a Minnesota median of 12.2%. It was profitable over the most recent period, with a 0.15% return on assets. No consumer complaints against Red Lake Co Op appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Red Lake Co Op compares to Minnesota peers
How we graded Red Lake Co Op
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (12.9% capital ratio)
- Profitable (ROA 0.15%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Red Lake Co Op over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Red Lake Co Op insured?
Yes. Red Lake Co Op is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Red Lake Co Op: frequently asked questions
Is Red Lake Co Op a good credit union?
Red Lake Co Op earns a Bankzia Trust Grade of A (91/100, "Excellent"), based on a financial-strength score of 91/100 (it has no CFPB complaints on record). Strongly capitalized (12.9% capital ratio); Profitable (ROA 0.15%).
Is Red Lake Co Op NCUA-insured?
Yes. Red Lake Co Op is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Red Lake Co Op?
Red Lake Co Op holds $7 million in total assets, ranking 47th of 81 credit unions we track in Minnesota. It serves 1,439 members.
Does Red Lake Co Op have CFPB complaints?
No CFPB complaints against Red Lake Co Op appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
