Northern Redwood Federal Credit Union


Overview / Commentary
707-822-5902
1270 Giuntoli Ln
Arcata, CA 95521

Northern Redwood Federal Credit Union is headquartered in Arcata and is the 227th largest credit union in the state of California. It is also the 3,139th largest credit union in the nation. It was established in 1955 and as of March of 2024, it had grown to 6 employees and 3,204 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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Health
C+
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

Overall
NCUA #10362
Year Chartered1955
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD0.22%
Return on Equity - YTD2.65%
Annual Interest Income$304K
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$24.1MM$24.8MM
LoansQ1 2024vs Q1 2023$17.6MM$19.8MM
DepositsQ1 2024vs Q1 2023$22MM$22.9MM
Equity CapitalQ1 2024vs Q1 2023$2MM$1.8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$115K$228K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$157K$136K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$0-IRA Share
0.50%$0-Youth Savings
0.40%*$10k*-Regular Shares
OTHER TIERS: 0.25% $25 - $1k | 0.35% $1k - $10k
0.25%$0-Christmas Club

Northern Redwood Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.71%$1k-6 Month Share Certificate Special
3.80%$1k-3 Year Share Certificate
3.55%$1k-2 Year Share Certificate
3.19%$1k-1 Year Share Certificate
2.52%$1k-9 Month Share Certificate
Locations


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

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