Redstone Federal CU to Open Calhoun Community College Branch at Decatur Campus

May 10, 2018

Beginning this fall, Calhoun Community College students will be able to walk into a Redstone Federal Credit Union® branch on their Decatur campus where their fellow students will handle their banking needs.

Calhoun Community College President Dr. James Klauber and Redstone’s President and CEO Joe Newberry, will jointly sign the lease agreement for the new branch today, May 10, after being approved by the Alabama Community College System.

Calhoun students will work part-time in the branch, alongside a full-time manager.

“Calhoun Community College is the state’s largest two-year college and it is right here in our back yards,’’ Newberry said. “We feel fortunate to partner with such an outstanding institution to install a branch on their campus to provide great service and convenience. In addition, we hire students and provide real-life work experiences,’’ he said.

“We are extremely excited with this opportunity to partner with Redstone Federal Credit Union in opening this new branch on our Decatur campus,” commented Klauber. “This partnership will not only provide easily accessible banking services to Calhoun students, faculty and staff but will also give those students who will work in the branch very positive, hands-on experiences, particularly if they are considering careers in the banking and finance arena,” Klauber added.

The college branch will handle new account openings, account maintenance and signature loans. All cash transactions are handled through the Interactive Teller Machine, accessible just outside the branch.

Redstone will also offer financial education workshops for students and staff throughout the school year.

About Redstone: With more than $4.7 billion in assets, Redstone Federal Credit Union is the largest memberowned financial institution in Alabama and one of the largest federal credit unions in the nation by assets. Based in Huntsville, Alabama, Redstone Federal Credit Union serves more than 415,000 members. Chartered on November 28, 1951, Redstone Federal Credit Union has proudly served its members for 65 years and has 26 conveniently located branches across North Alabama and Tennessee. Redstone Federal Credit Union provides a level of service that is not generally available at other financial institutions through its philosophy of – People Helping People.

About Calhoun: The largest of the two-year institutions comprising The Alabama Community College System, Calhoun is an open-admission, community-based, state-supported, coeducational, comprehensive community college dedicated to providing affordable, high-quality and accessible education to individuals in its four-county service area. Offering 49 associate degree options and 52 career/certificate programs, Calhoun serves approximately 10,500 students at its 110-acre Decatur campus; its Huntsville/Cummings Research Park site; and at the Limestone Correctional Facility. The college’s faculty and staff are well qualified and remain current in their areas of expertise. Over 80 percent of the full-time faculty possess at least a master’s degree, and approximately 15 percent hold the doctorate. For over 70 years, Calhoun has been an active member of North Alabama. Graduates of the college permeate the community, and many of them have gone on to complete baccalaureate degrees at other institutions in the area, or have entered the work force after successfully completing programs of study and training.