2. Red Canoe Credit Union

Red Canoe Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.35%5-year CD
3.00% - American Express National Bank 60 Month CDAdvertisement
2.10%3-year CD
1.64% - National Average
2.35%5-year IRA
2.07% - National Average
View all Red Canoe Credit Union rates »

Overview / Commentary
www.redcanoecu.com
360-425-2130
1418 15th Ave
Longview, WA 98632

Red Canoe Credit Union is headquartered in Longview and is the 18th largest credit union in the state of Washington. It is also the 396th largest credit union in the nation. It was established in 1937 and as of June of 2018, it had grown to 201 employees and 59,159 members at 11 locations. Red Canoe Credit Union's CD rates are 46% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Red Canoe Credit Union is open to the following: (1) those who live, work, attend school or worship in the state of Washington; (2) those who live or work in Benton, Lane, Linn, Marion or Polk Counties in Oregon.
See current membership details

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Reviews (2)

14 Year Member

Posted by: Angela Birch | Aug 6, 2016

Been a member for 14 years have only good to say about them. I have in 14 years paid no fees, they have every service a bank has but it is free of significantly less expensive Credit card at 8%. Every year I get a portion of my Debit card use back as a deposit into my account. I actually make money off of having an account with them. That is because I am an owner of the CU as are all depositors no one can take them over and we get that as a dividend. Fantastic people. Recently we had to open an estate account for a deceased aunt and it was handled fast and very smoothly and very professionally.

1

Red Canoe

Posted by: RIche | Feb 27, 2015

I recently had a need to fire my bank and was looking into Red Canoe and another to replace them with. I ended up opening accounts with both as it was hard to choose between them. I fired the major bank as they had bought out my favorite bank and changed my free checking to their version which included a $15.00 per month fee.

It was important to me that my new bank didn't include "monthly" fees on my account. I am OK with the overdraft fees. Red Canoe had the perfect account and had several others.

She was very helpful and friendly and went over everything, including the accounts she knew I would not like. I have to keep a savings account open with them but it doesn't require activity. She was quick in setting it up. The checking account was just as quick and easy. I was impressed when she photo copied my drivers license, she took a black marker and marked over the license number. I brought in a phone statement for proof of residence and she only copied the front of the envelope with my address on it. Privacy is a big thing for them.

Everything she did was like that. Longview is not a big city but it isn't a small town either. I was treated like I was a member of a very small town where everyone knows and likes everyone else. I left feeling great. Nobody leaves a bank feeling great.

I have nothing bad to say about Red Canoe.

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Health
A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #68196
Year Chartered1937
Employees201
Primary Regulator
Profit Margin
Return on Assets - YTD0.82%
Return on Equity - YTD6.65%
Annual Interest Income$14.3MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$760.1MM$714.1MM
LoansQ2 2018vs Q2 2017$609.0MM$556.8MM
DepositsQ2 2018vs Q2 2017$651.9MM$613.3MM
Equity CapitalQ2 2018vs Q2 2017$94.3MM$89.0MM
Loan Loss AllowanceQ2 2018vs Q2 2017$3.3MM$3.2MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$3.0MM$3.8MM
Real Estate OwnedQ2 2018vs Q2 2017$66.00K$108.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Red Canoe Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$5-Savings Account
0.20%$5-IRA Shares
0.20%$5-Business Savings

Red Canoe Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$25k*-Money Market Plus
OTHER TIERS: 0.35% → $500 - $25k

Red Canoe Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$50k*-Premium Business Checking
OTHER TIERS: 0.35% → $1.5k - $50k
0.15%--Small Business Checking

Red Canoe Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$500-60 Month CD (New Money Only)
2.35%$500-60 Month CD
2.20%$500-48 to 59 Month CD
2.10%$500-36 to 47 Month CD
1.75%$500-24 to 35 Month CD
1.50%$500-18 to 23 Month CD
1.31%$500-12 to 17 Month CD
1.06%$500-12 to 17 Month Flex CD
0.95%$500-6 to 11 Month CD
0.95%$500$10k6 to 11 Month Easy Saver CD
0.60%$500-3 to 5 Month CD

Red Canoe Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$500-60 Month IRA (New Money Only)
2.35%$500-60 Month IRA
2.20%$500-48 to 59 Month IRA
2.10%$500-36 to 47 Month IRA
1.75%$500-24 to 35 Month IRA
1.50%$500-18 to 23 Month IRA
1.31%$500-12 to 17 Month IRA
1.06%$500-12 to 17 Month Flex IRA
Locations

Availability



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