Red Oak Credit Union
Tuscaloosa, Alabama
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 22 peers in Unclassified with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $2,466,461↑10% | $2,714,058↑26% | $43,079,437↑5% | — |
| 2022 | $2,234,656↑21% | $2,156,522↑5% | $40,895,274↑8% | — |
| 2021 | $1,851,079↓7% | $2,054,168↑3% | $37,790,371↑2% | — |
| 2020 | $1,990,219↓10% | $2,002,942↓7% | $37,160,431↑17% | — |
| 2019 | $2,209,421↑2% | $2,164,789↑16% | $31,670,530↑8% | — |
| 2018 | $2,158,354↑8% | $1,873,363↑5% | $29,309,533↓3% | — |
| 2017 | $2,000,498↑9% | $1,775,803↑2% | $30,121,825↑2% | — |
| 2016 | $1,832,616↑2% | $1,733,755↑3% | $29,487,990↓2% | — |
| 2015 | $1,789,520↓4% | $1,676,492↓6% | $30,087,473↓2% | — |
| 2014 | $1,861,130↓13% | $1,788,820↓10% | $30,648,955↓2% | — |
| 2013 | $2,145,419↓12% | $1,997,386↓16% | $31,238,637↓5% | — |
| 2012 | $2,443,573↓4% | $2,368,333 | $32,803,683↑1% | — |
| 2011 | $2,551,924 | $2,361,343 | $32,454,350 | — |
Frequently Asked Questions
What does Red Oak Credit Union do?▼
Red Oak Credit Union is a unclassified nonprofit organization based in Alabama. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Red Oak Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Red Oak Credit Union has a score of 64/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Red Oak Credit Union generate?▼
Red Oak Credit Union reports $2.7M in annual revenue and holds $43.9M in total assets, based on IRS filings.
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