Overview / Commentary
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 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.
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Reviews (2)

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

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.


Health Grade Components

NCUA #68196
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD6.6%
Annual Interest Income$22.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$766.1MM$729.7MM
LoansQ3 2018vs Q3 2017$618.0MM$562.6MM
DepositsQ3 2018vs Q3 2017$657.5MM$625.4MM
Equity CapitalQ3 2018vs Q3 2017$95.8MM$90.2MM
Loan Loss AllowanceQ3 2018vs Q3 2017$3.5MM$3.3MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.6MM$3.2MM
Real Estate OwnedQ3 2018vs Q3 2017$10.00K$175.00K
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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

0.20%$5-Savings Account
0.20%$5-IRA Shares
0.20%$5-Business Savings

Red Canoe Credit Union Money Market Rates

0.40%*$25k*-Money Market Plus
OTHER TIERS: 0.35% $500 - $25k

Red Canoe Credit Union Checking Account Rates

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

Red Canoe Credit Union CD Rates

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$10k6 to 11 Month Easy Saver CD
0.60%$500-3 to 5 Month CD

Red Canoe Credit Union IRA Rates

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


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