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Overview / Commentary
800-479-7928
P.O. Box 6104
Santa Rosa, CA 95406

Redwood Credit Union is headquartered in SANTA ROSA and is the 12st largest credit union in the state of California. It is also the 63rd largest credit union in the nation. It was established in 1950 and as of December of 2013, it had grown to 402 employees and 190,895 members. Redwood Credit Union has a A+ health rating.

Field of Membership Restrictions

Anyone who lives, works, or owns a business in the following counties can join: San Francisco, Marin, Sonoma, Mendocino, Lake, Napa, Solano, and Contra Costa. Membership is also open to anyone who is directly related to an existing Redwood Credit Union Member, or anyone who works for one of our many Select Employer Groups. - See Details

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Redwood Credit Union had $8.39 million in non-current loans and owned real-estate with $255.42 million in equity and loan loss allowances on hand to cover it. This gives Redwood Credit Union a Texas Ratio of 3.28% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Redwood Credit Union decreased dramatically from 6.89% as of December 31, 2012 to 3.28% as of December 31, 2013, resulting in a positive change of 52.34%.This indicates that the balance sheet and financial strength for Redwood Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Redwood Credit Union has increased its total deposits by $119.7 million, resulting in 6.3% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Redwood Credit Union has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Redwood Credit Union has $2.28 billion in assets with $255.42 million in equity, resulting in a capitalization level of 11.21%, which is excellent.

Institution Statistics

Overall
NCUA #60793
Year Chartered1950
Employees402
Primary Regulator
Assets and Liabilities
Assets$2.28 billion
Loans$1.61 billion
Deposits$2.02 billion
Equity Capital$233.51 million
Loan Loss Allowance$21.91 million
Unbacked Noncurrent Loans$8.03 million
Real Estate Owned$359,000
Historic Data - December 2012
Assets$2.11 billion
Equity Capital$184.78 million
Loan Loss Allowance$34.53 million
Unbacked Noncurrent Loans$8.03 million
Real Estate Owned$2.10 million
Profit Margin - Quarterly
Net Interest Margin4.11%
Return on Assets2.14%
Return on Equity20.85%
Interest Income$71.98 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Redwood Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Redwood Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-Health Share Savings Account
0.10%$100-Holiday Share
0.10%$100-Regular Share
0.10%$100-Special Share
0.10%--Build Your Own Savings
0.10%$100-Business Savings Share

Redwood Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$50k-IRA Balance Money Market
0.25%$50k-Business Balance Money Market
0.25%$50k-Personal Balance Money Market
0.25%$50k-Roth IRA Balance Money Market
0.10%$100-Money Market Growth IRA
0.10%$100-Money Market Growth
0.10%$10k-Advantage Plus Money Market
0.10%$100-Money Market Growth Roth IRA
0.10%$100-Business Money Market Growth

Redwood Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-High Balance Dividend Earning Checking
0.10%$500-Active Business Checking
0.10%$500-Business Premium Checking
0.05%$500-Dividend Earning Checking

Redwood Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$1k-60 Month CD with Active Checking
1.20%$1k-Business 60 Month CD with Active Checking
0.80%$1k-60 Month CD
0.80%$1k-Business 60 Month CD
0.70%$1k-36 Month CD with Active Checking
0.70%$1k-Business 36 Month CD with Active Checking
0.45%$1k-22 - 25 Month CD with Active Checking
0.45%$1k-Business 22 - 25 Month CD with Active Checking
0.35%$1k-12 - 17 Month CD with Active Checking
0.35%$1k-18 - 21 Month CD with Active Checking
0.35%$1k-Business 12 - 17 Month CD with Active Checking
0.35%$1k-Business 18 - 21 Month CD with Active Checking
0.25%$1k-36 Month CD
0.25%$50k-6 - 8 Month CD with Active Checking
0.25%$50k-9 - 11 Month CD with Active Checking
0.25%$50k-Business 6 - 8 Month CD with Active Checking
0.25%$50k-Business 9 - 11 Month CD with Active Checking
0.25%$1k-Business 36 Month CD
0.15%$1k-3 - 5 Month CD with Active Checking
0.15%$1k-Business 3 - 5 Month CD with Active Checking
0.10%$1k-22 - 25 Month CD
0.10%$1k-Business 22 - 25 Month CD
0.05%$1k-3 - 5 Month CD
0.05%$1k-6 - 8 Month CD
0.05%$1k-9 - 11 Month CD
0.05%$1k-12 - 17 Month CD
0.05%$1k-18 - 21 Month CD
0.05%$1k-Business 3 - 5 Month CD
0.05%$1k-Business 6 - 8 Month CD
0.05%$1k-Business 9 - 11 Month CD
0.05%$1k-Business 12 - 17 Month CD
0.05%$1k-Business 18 - 21 Month CD

Redwood Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$1k-60 Month IRA with Active Checking (Traditional,CESA,Roth,SEP)
0.80%$1k-60 Month IRA (Traditional,Roth,CESA,SEP)
0.70%$1k-36 Month IRA with Active Checking (Traditional,CESA,Roth,SEP)
0.45%$1k-22 - 25 Month IRA with Active Checking (Traditional,CESA,Roth,SEP)
0.35%$1k-18 - 21 Month IRA with Active Checking (Traditional,CESA,Roth,SEP)
0.30%$1k-12 - 17 Month IRA with Active Checking (Traditional,CESA,Roth,SEP)
0.25%$1k-36 Month IRA (Traditional,Roth,CESA,SEP)
0.25%$50k-6 - 8 Month IRA with Active Checking (Traditional,CESA,Roth,SEP)
0.25%$50k-9 - 11 Month IRA with Active Checking (Traditional,CESA,Roth,SEP)
0.15%$1k-3 - 5 Month IRA with Active Checking (Traditional,CESA,Roth,SEP)
0.10%$1k-22 - 25 Month IRA (Traditional,Roth,CESA,SEP)
0.05%$1k-3 - 5 Month IRA (Traditional,Roth,CESA,SEP)
0.05%$1k-6 - 8 Month IRA (Traditional,Roth,CESA,SEP)
0.05%$1k-9 - 11 Month IRA (Traditional,Roth,CESA,SEP)
0.05%$1k-12 - 17 Month IRA (Traditional,Roth,CESA,SEP)
0.05%$1k-18 - 21 Month IRA (Traditional,Roth,CESA,SEP)
Locations

Redwood Credit Union has 18 locations. Click to view all Redwood Credit Union locations.