Northern Redwood Federal Credit Union

Overview / Commentary
1270 Giuntoli Ln
Arcata, CA 95521

Northern Redwood Federal Credit Union is headquartered in Arcata and is the 228th largest credit union in the state of California. It is also the 3,174th largest credit union in the nation. It was established in 1955 and as of June of 2023, it had grown to 6 employees and 3,384 members at 2 locations. Northern Redwood Federal Credit Union's CD rates are 4X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership in Northern Redwood Federal Credit Union is open to those who live or work in Humboldt County, California, are a member of Teamster No. 137, or work for Simpson Timber Company or one of its subsidiaries.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Northern Redwood Federal Credit Union has a low asset base.

Health Grade Components

NCUA #10362
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.92%
Annual Interest Income$553.00K
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$24.2MM$24.9MM
LoansQ2 2023vs Q2 2022$18.9MM$18.9MM
DepositsQ2 2023vs Q2 2022$22.3MM$22.8MM
Equity CapitalQ2 2023vs Q2 2022$1.9MM$2.0MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$69.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$90.00K$148.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Northern Redwood Federal Credit Union Savings Account Rates

0.75%--IRA Share
0.50%--Youth Savings
0.40%*$10k*-Regular Shares
OTHER TIERS: 0.25% $25 - $1k | 0.35% $1k - $10k
0.25%--Christmas Club

Northern Redwood Federal Credit Union CD Rates

3.18%$1k-1 Year Share Certificate
2.63%$1k-3 Year Share Certificate
2.52%$1k-9 Month Share Certificate
2.12%$1k-2 Year Share Certificate
2.12%$1k-6 Month Share Certificate

Northern Redwood Federal Credit Union Locations
Branch Office1270 Giuntoli LnArcata, CA 95521-4415
Branch Office903 4th StEureka, CA 95501-0517

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