Redstone Federal Credit Union

IIf there is a business synonymous with philanthropy, it is Redstone Federal Credit Union (RFCU). Their dedication to giving back supports more than 693 organizations in seven counties across the Tennessee Valley and Middle Tennessee.

In Madison City, just about every philanthropic endeavor has had the support of RFCU.

RFCU was founded in 1951 with $55 in assets and 11 members. With members all over the world and more than $7.5 billion in assets, Redstone is now one of the 25 largest federal credit unions in the country.

“One of Redstone’s guiding principles is to ‘be the catalyst for positive change in our communities,’” said Mary Grace Evans, Senior AVP Community Relations. “That goes hand-in-hand with our mission of improving the financial well-being of our members and communities by offering trusted advice, choices, opportunities and solutions,’’ Evans said.

Redstone Federal Credit Union has supported such Madison-based projects and organizations such as the Kids Kingdom renovation project, the Home Place Park Pavilion, the Rotary Club of Madison, the Madison Chamber of Commerce, the Madison Baseball Association, the Madison Street Festival, the Madison Swim As - sociation, Madison City Schools, Madison Community Orchestra, the Madison CEO program and the Madison Arts Council.

They also gifted $2.5 million to the Huntsville Library Foundation to support the building of three new libraries, including the Madison Public Library that opened in 2018.

In addition to its generous sponsorships, Redstone Federal Credit Union’s employees also volunteer with organizations inside the City of Madison. Two of Redstone’s branches have adopted Mill Creek and Midtown Elementary Schools. These employees volunteer and provide added resources to the schools by reading to the students, serving as lunch monitors, and assisting with field trips and major events, such as Back to School and Teacher Appreciation Week.

If you sense a theme running through its list of donations, that would be correct. Redstone’s board and executive team considers projects with the greatest impact, over the greatest time, for the greatest number of people when deciding where to donate. In most cases, education-related projects fit that bill.

“Not only is education a great equalizer, but it also affects families for generations to come,’’ said Evans.