Frequently Asked Questions
Table of Contents
Are my funds federally insured?
Yes. Your deposits are insured to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the Federal Government.
Who can become a member?
Membership is open to the following:
Members of the Redeemed Christian Church of God, North America (RCCGNA)
Immediate family members of RCCGNA’s members including spouses, children, siblings, Nephews, Nieces, Grandparents, Grandchildren etc.
Employees of RCCGNA, RFCU and other Affiliated organizations
Churches or Parishes and other corporate entities affiliated with RCCGNA
How do I open an account?
You will just need to fill out the Membership Application and make your initial deposit.
What is the minimum deposit?
A minimum payment of $50 is required, consisting of a $10 membership application fee, a $25 share pledge, and $15 in available account balance.
How to apply for a loan?
To apply for a loan, please fill out the following loan application, sign it, and e-mail it back to us at info@redeemerfcu.org
Do you issue Debit Card / Credit Card / Check?
Not at this time since we are newly chartered but we are in the process of providing these additional services to our members.
How can I add a joint owner to my account?
To add a joint owner to your account, please fill out Membership Application with all the joint owner’s information and we will make the changes for you. Or you can do it in person in our office.
How can I change my address?
You can update your address through Online Banking, by phoning us at 903-213-6010 or in person in Our office.
What are the minimum balance requirements for Redeemer FCU Savings Accounts?
Visit our Products & Services webpage for current minimum balance requirements.
How can I make deposits to my account?
You can make deposits in person, by mail and through ACH on Online Banking or just call us to help you. You can also make deposits conveniently through payroll deduction or direct deposit from your pay checks.
How do I set up payroll deduction or direct deposit?
You will just need to communicate your account number and RFCU’s routing number ( 111 994 296 ) to your employer/ institution where the deposit comes from.
How can I withdraw money?
You can make cash withdrawals in person at our office. Moreover, we can also mail you a check. Or, you can use ACH on Online Banking to transfer fund from your RFCU Savings account to your account at any other financial institution.
What is Redeemer FCU’s routing number?
Our routing number is ( 111 994 296 ).
What are your hours?
Our operation hours are Monday through Friday from 9.00 am to 4.00 pm. For more information, visit our contact page.
What is Regulation D?
Federal Regulation D no longer imposes a six-transfer-per-month limit on savings accounts. Redeemer FCU may establish account-specific transaction limits under its account agreements. Please review your account disclosures or contact us for current information.