Red Canoe Credit Union is headquartered in Longview and is the 16th largest credit union in the state of Washington. It is also the 393rd largest credit union in the nation. It was established in 1937 and as of June of 2024, it had grown to 239 employees and 59,503 members at 12 locations. Red Canoe Credit Union's CD rates are 4X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in Red Canoe Credit Union is open to those who live, work, worship, or attend school anywhere in Washington State, or in the Oregon counties of Benton, Lane, Linn, Marion, or Polk. Family members of those eligible to join also qualify for membership.
See current membership details
Related Posts
AVOID This Bank
Honestly the worst banking experience I have EVER had in my life. I sent my car loan payment via bill pay (with documentation showing that the money was withdrawn from my account -before my due date), and due to either a system error on my primary bank's end, or a postal service delay, the payment arrived to Red Canoe late. They immediately reported this to all three credit bureaus (which is how I found out about the "late" payment in the first place), and my score dropped 117 points - I have never missed a car payment in my life. I am in the middle of buying a house. I called the bank multiple times to explain what happened, and there is "nothing they can do" and obviously could not care less. I absolutely cannot refinance this loan with another lender fast enough. Please, please, please AVOID THIS BANK. I will for sure be telling everyone I know (including the finance manager at the dealership who works with this place) to avoid at all costs.
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68196 |
| Year Chartered | 1937 |
| Employees | 239 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.5% |
| Return on Equity - YTD | 4.74% |
| Annual Interest Income | $24.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $1.16B$1.16B |
| Loans | Q2 2024vs Q2 2023 | $854.5MM$795.1MM |
| Deposits | Q2 2024vs Q2 2023 | $994.9MM$1.03B |
| Equity Capital | Q2 2024vs Q2 2023 | $124.1MM$111.1MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $5.4MM$4.9MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $3.8MM$3.4MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $170K$47K |
