Redeemer logo

Redeemer in Plano, TX

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Redeemer FCU is a federal credit union offering checking, savings, vehicle loans, and personal loans to its members with competitive rates and low fees.

Data compiled from public sources

Redeemer Review

Redeemer FCU is a federally chartered credit union that serves as a member-owned financial institution. The credit union operates with a focus on providing personalized member service and straightforward financial products. Redeemer FCU offers a comprehensive suite of banking products including regular checking accounts, savings accounts (Regular Shares), and multiple savings vehicles like Share Certificates (CDs) with 6, 12, and 24-month terms.

Members can access listed savings products including Christmas Club accounts (up to $5,000 limit) and Vacation Club accounts. 74%), and share-secured or unsecured loans (APR as low as Rate + 3%). Additional services include direct deposit, money orders, cashier's checks, and online/mobile banking with bill pay functionality.

As a credit union rather than a traditional bank, Redeemer FCU distinguishes itself through member ownership, dividend declarations by the Board of Directors, and a membership-based model. The organization emphasizes low fees and personalized service. Payroll deduction options are available for savings products, and funds can be transferred to regular share accounts on specified dates (May 1st for most products, October 1st for Christmas Club).

The routing number provided is 111994296. The main limitation is that membership eligibility is not clearly defined on the public-facing website, suggesting restricted membership criteria. The company does not appear to offer credit cards, mortgages, business loans, or wealth management services.

Website navigation indicates links to third-party sites and references to "Halliburton Employees' Federal Credit Union," which may indicate this is an employee credit union with limited public accessibility.

Services & Features

Cashier's checks
Christmas Club savings accounts (up to $5,000 limit)
Direct deposit
Money orders
Online and mobile banking with bill pay
Regular Checking Accounts
Regular Shares (savings accounts)
Share Certificates (CDs) with 6, 12, and 24-month terms
Share-secured loans (APR as low as Rate + 3%)
Unsecured personal loans (APR from 11.74%)
Vacation Club savings accounts
Vehicle loans (new and used, APR from 5.49%)

Feature Checklist

Mobile App
Online Portal
Score Tracking
Credit Education
Personal Advisor
Identity Theft Protection

Pros & Cons

Pros

  • Auto loan APR starts at 5.49%, competitive for vehicle financing
  • Share Certificate (CD) terms available at 6, 12, and 24 months with board-declared rate claims to verify
  • Christmas Club and Vacation Club listed savings accounts with automatic fund transfers
  • Payroll deduction available for savings products, enabling automatic contributions
  • Share-secured loans available at Rate + 3% for qualified members
  • Online and mobile banking with bill pay and direct deposit functionality
  • Low membership barrier with $10 minimum deposit to regular share account
  • Member-owned structure with Board-declared dividends rather than corporate profits

Cons

  • Membership eligibility criteria not clearly defined on website; appears to be employee-restricted credit union
  • Personal loan APR of 11.74% is higher than some alternatives, limiting affordability for credit-challenged borrowers
  • No credit card products offered, limiting rewards or balance transfer options
  • Limited loan product range; no mortgages, business loans, or lines of credit
  • Website contains confusing dual branding references to 'Halliburton Employees' Federal Credit Union,' creating clarity issues

State Consumer Finance Context

This is state-level context for Credit Unions consumers in Plano, TX. It does not confirm that Redeemer or this specific location is licensed.

State regulator

Texas Office of Consumer Credit Commissioner

Key state rules to check

  • Payday and auto title lenders operate as Credit Access Businesses (CABs) arranging loans through third-party lenders.
  • No state cap on CAB fees; effective APRs frequently exceed 500%.
  • Several cities (Austin, Dallas, San Antonio, Houston) have enacted local payday lending ordinances.

Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.

Frequently Asked Questions

What services does Redeemer offer?

Redeemer offers 12 services including Regular Checking Accounts, Regular Shares (savings accounts), Share Certificates (CDs) with 6, 12, and 24-month terms, Christmas Club savings accounts (up to $5,000 limit), Vacation Club savings accounts, and 7 more.

What profile signals are listed for Redeemer?

Redeemer has profile signals associated with Eligible employees seeking low-cost vehicle financing and straightforward checking/savings accounts, Members wanting to save systematically for holidays or vacations with automatic payroll deduction, Credit union members preferring member-owned institutions over corporate banks, Individuals seeking competitive CD rates and share-secured lending options.

What are the strengths and weaknesses of Redeemer?

Key strengths: Auto loan APR starts at 5.49%, competitive for vehicle financing; Share Certificate (CD) terms available at 6, 12, and 24 months with board-declared rate claims to verify; Christmas Club and Vacation Club listed savings accounts with automatic fund transfers. Areas to consider: Membership eligibility criteria not clearly defined on website; appears to be employee-restricted credit union; Personal loan APR of 11.74% is higher than some alternatives, limiting affordability for credit-challenged borrowers.

How does Redeemer compare to similar companies?

In the Credit Unions category, comparable providers include A+ Federal Credit Union, ALLIANCE Credit Union, Security Service Federal Credit Union. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.

Quick Facts

Founded
2015
Headquarters
Plano, TX
BBB Accredited
No
Certifications
NCUA Insured Charter #24867
Visit Redeemer

CreditDoc Profile Note

Research Note on Redeemer

Redeemer FCU is profile signals for eligible members (likely Halliburton employees or affiliates) seeking low-cost vehicle financing, savings products, and basic banking services through a member-owned credit union. The primary caveat is that membership eligibility is restricted and not fully listed on the public website, making accessibility dependent on employment or other membership criteria not disclosed.

Profile Signals

  • Eligible employees seeking low-cost vehicle financing and straightforward checking/savings accounts
  • Members wanting to save systematically for holidays or vacations with automatic payroll deduction
  • Credit union members preferring member-owned institutions over corporate banks
  • Individuals seeking competitive CD rates and share-secured lending options
Updated 2026-05-14

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Security Service Federal Credit Union

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Quick Summary

  • Redeemer is listed as a Credit Unions provider in Plano, TX on CreditDoc.
  • Use this page to check contact details, location, listed services, review signals, FAQs, and similar providers before deciding what to do next.
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