Red Canoe Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.53% | 5-year CD | |
| 2.27% | 3-year CD | 1.82% - National Average |
| 2.53% | 5-year IRA | 2.23% - National Average |
Red Canoe Credit Union is headquartered in Longview and is the 18th largest credit union in the state of Washington. It is also the 391st largest credit union in the nation. It was established in 1937 and as of September of 2018, it had grown to 200 employees and 59,427 members at 11 locations. Red Canoe Credit Union's CD rates are 73% 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
Related Posts
14 Year Member
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.
Red Canoe
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.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68196 |
| Year Chartered | 1937 |
| Employees | 200 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 6.6% |
| Annual Interest Income | $22.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2018vs Q3 2017 | $766.1MM$729.7MM |
| Loans | Q3 2018vs Q3 2017 | $618.0MM$562.6MM |
| Deposits | Q3 2018vs Q3 2017 | $657.5MM$625.4MM |
| Equity Capital | Q3 2018vs Q3 2017 | $95.8MM$90.2MM |
| Loan Loss Allowance | Q3 2018vs Q3 2017 | $3.5MM$3.3MM |
| Unbacked Noncurrent Loans | Q3 2018vs Q3 2017 | $1.6MM$3.2MM |
| Real Estate Owned | Q3 2018vs Q3 2017 | $10.00K$175.00K |
Always verify rates and promotions with the bank or credit union. We are not Red Canoe Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | $5 | - | Savings Account | |
| 0.20% | $5 | - | IRA Shares | |
| 0.20% | $5 | - | Business Savings |
Red Canoe Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.40%* | $25k* | - | Money Market Plus | ||
| OTHER TIERS: 0.35% → $500 - $25k | |||||
Red Canoe Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | $500 | - | 60 Month CD (New Money Only) | |
| 2.53% | $500 | - | 60 Month CD | |
| 2.38% | $500 | - | 48 to 59 Month CD | |
| 2.27% | $500 | - | 36 to 47 Month CD | |
| 2.02% | $500 | - | 24 to 35 Month CD | |
| 1.76% | $500 | - | 18 to 23 Month CD | |
| 1.56% | $500 | - | 12 to 17 Month CD | |
| 1.31% | $500 | - | 12 to 17 Month Flex CD | |
| 1.20% | $500 | - | 6 to 11 Month CD | |
| 1.20% | $500 | $10k | 6 to 11 Month Easy Saver CD | |
| 0.60% | $500 | - | 3 to 5 Month CD |
Red Canoe Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | $500 | - | 60 Month IRA (New Money Only) | |
| 2.53% | $500 | - | 60 Month IRA | |
| 2.38% | $500 | - | 48 to 59 Month IRA | |
| 2.27% | $500 | - | 36 to 47 Month IRA | |
| 2.02% | $500 | - | 24 to 35 Month IRA | |
| 1.76% | $500 | - | 18 to 23 Month IRA | |
| 1.56% | $500 | - | 12 to 17 Month IRA | |
| 1.31% | $500 | - | 12 to 17 Month Flex IRA |
