Red Canoe Credit Union is headquartered in Longview and is the 16th largest credit union in the state of Washington. It is also the 359th largest credit union in the nation. It was established in 1937 and as of December of 2021, it had grown to 226 employees and 60,886 members at 11 locations. Red Canoe Credit Union has an A 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
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.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68196 |
| Year Chartered | 1937 |
| Employees | 226 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 6.6% |
| Annual Interest Income | $30.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $1.19B$1.05B |
| Loans | Q4 2021vs Q4 2020 | $652.0MM$644.7MM |
| Deposits | Q4 2021vs Q4 2020 | $1.06B$921.1MM |
| Equity Capital | Q4 2021vs Q4 2020 | $115.2MM$109.5MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $3.9MM$4.3MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $2.0MM$4.3MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$63.00K |
