A bank with three locations in Murfreesboro has been named tops on the “Best Banks” and “Credit Unions” list.

Redstone Federal Credit Union has been named one of the nation’s Top 100 Best Banks of 2021 by GOBankingRates.

GOBankingRates analyzed over 4,300 data points to rank the best banks and credit unions. The winning financial institutions passed a rigorous test for: rates, fees, accessibility, products and services, and customer service.

In Murfreesboro, Redstone has branch offices on Medical Center Parkway, Fortress Boulevard and South Rutherford Boulevard.

"Whether it was initial deposits, branch locations, mobile app ratings, late fees, savings rates, etc., no stone went unturned in our research to find our audience the Best Banks of 2021,’’ said Andrew Murray, Content Data Researcher at GOBankingRates.

Redstone reports that over the years, the credit union has elevated its products, services and technology to become an industry leader.

• Its mobile banking app has won numerous awards.

• Its Brighter Day Savings account boasts an interest rate that is 35 times the national average.

• An upgraded Business Online Banking helps members more easily save money, send money, pay for services, and apply for loans.

• A recently opened branch and office complex in downtown Huntsville is now more convenient for those who live and work in that area.

Joe Newberry, Redstone’s President and CEO, welcomes the recognition, saying that Redstone listens to its members and strives to provide the products and services they want and need. 

“It’s important that our 590,000 members know that their financial institution not only provides the best value and service, but that it is on safe fiscal footing, responsive to its members, and committed to excellence,’’ Newberry said.