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Redwood Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.05%2-year CD2 Year CD
1.95%5-year CD5 Year CD
0.75%1-year CD12 - 17 Month CD

Overview / Commentary
800-479-7928
3033 Cleveland Ave
Santa Rosa, CA 95403-2126

Redwood Credit Union is headquartered in Santa Rosa and is the 10th largest credit union in the state of California. It is also the 52nd largest credit union in the nation. It was established in 1950 and as of June of 2017, it had grown to 496 employees and 236,829 members at 18 locations. Redwood Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live, own a business or work in California's Northern Bay Area, including Marin, Sonoma, Mendocino, Napa, Lake, San Francisco, Solano, and Contra Costa counties.
See current membership details

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Reviews (2)

Great Service And Low Fees

I joined to have a "local" credit union that I could see in person when I needed, and one of the draws for me was establishing a safe deposit box in my hometown. Fees are reasonable ($35/yr) and access is nice and easy -- just wait in line for a teller!

I've opened several checking accounts for a variety of purposes in my financial life, and they haven't blinked. (I've had some trouble with PayPal, so I like having a checking account that only PayPal has access to.)

Their funds transfer functionality is a bit limited - you can schedule no more than 4 transfers, so I can't use the bank as my "hub" for money to flow around, but it otherwise works nicely.

If you use a debit card, they give some rewards for debit card usage. It's only a 0.5% cash back, but that's more than many other banks/CUs will these days. Rewards points are also shared with their credit cards, which is nice.

They also have one loan product I haven't seen anywhere else - a solar loan, as of this writing, at 7%. More than most of their home equity products, but less than a personal/signature loan.

And they take customer service to a ridiculous degree. I applied for their Visa card on a Friday, and it required human underwriting. My card was approved on a Saturday because the loan department works on Saturdays, too!

Happy Redwood Credit Union Customer

I joined up with Redwood Credit Union a few years ago after getting completely fed up with Wells Fargo's fees and callous attitude towards their customers. I have both a checking and savings account with RCU. I've been very impressed with their customer service. The few times that I have needed assistance (lost my debit card, had my rent check stolen from my landlord's mailbox) they have been able to help me quickly and have been more than happy to do so. Much friendlier, more personal service than that other big bank! I wish that their online experience was smoother (there is a ~24 hour lag for debits/credits to appear online) but overall, I am happy with RCU.



Health
A+

Health Grade Components

Overall
NCUA #60793
Year Chartered1950
Employees496
Primary Regulator
Profit Margin
Return on Assets - YTD1.99%
Return on Equity - YTD16.57%
Annual Interest Income$58.7MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$3.54B$3.00B
LoansQ2 2017vs Q2 2016$2.71B$2.30B
DepositsQ2 2017vs Q2 2016$3.08B$2.62B
Equity CapitalQ2 2017vs Q2 2016$421.1MM$354.9MM
Loan Loss AllowanceQ2 2017vs Q2 2016$18.0MM$17.6MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$6.8MM$8.8MM
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Redwood Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-Health Share Savings Account
OTHER TIERS: 0.45% $100 - $25k | 0.50% $25k - $50k
0.15%*$50k*-Holiday Share
OTHER TIERS: 0.10% $100 - $50k
0.15%*$50k*-Regular Share
OTHER TIERS: 0.10% $100 - $50k
0.15%*$50k*-Build Your Own Savings
OTHER TIERS: 0.10% Up to $50k
0.10%$100-Business Special Share
0.10%$100-Business Savings Share

Redwood Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-IRA Balance Money Market
OTHER TIERS: 0.45% $2,500 - $25k | 0.50% $25k - $50k
0.60%*$50k*-Business Balance Money Market
OTHER TIERS: 0.45% $2,500 - $25k | 0.50% $25k - $50k
0.60%*$50k*-Personal Balance Money Market
OTHER TIERS: 0.45% $2,500 - $25k | 0.50% $25k - $50k
0.55%*$50k*-Advantage Plus Money Market
OTHER TIERS: 0.40% $10k - $25k | 0.45% $25k - $50k
0.25%*$50k*-Money Market Growth
OTHER TIERS: 0.15% $100 - $25k | 0.20% $25k - $50k
0.25%*$50k*-Business Money Market Growth
OTHER TIERS: 0.15% $100 - $25k | 0.20% $25k - $50k

Redwood Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%*$25k*-High Balance Dividend Earning Checking
OTHER TIERS: 0.15% $2,500 - $25k
0.20%*$25k*-Business Dividend Earning Checking
OTHER TIERS: 0.15% $500 - $25k
0.20%*$25k*-Business High Balance Dividend Earning Checking
OTHER TIERS: 0.15% $500 - $25k
0.05%$500-Dividend Earning Checking

Redwood Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%*$50k*-Business 60 Month CD with Active Checking
OTHER TIERS: 1.75% $1k - $10k | 2.05% $10k - $25k | 2.10% $25k - $50k
2.15%*$50k*-5 Year CD with Active Checking
OTHER TIERS: 1.75% $1k - $10k | 2.05% $10k - $25k | 2.10% $25k - $50k
1.95%*$50k*-Business 60 Month CD
OTHER TIERS: 1.55% $1k - $10k | 1.85% $10k - $25k | 1.90% $25k - $50k
1.95%*$50k*-5 Year CD
OTHER TIERS: 1.55% $1k - $10k | 1.85% $10k - $25k | 1.90% $25k - $50k
1.50%*$50k*-Business 36 Month CD with Active Checking
OTHER TIERS: 1.15% $1k - $10k | 1.40% $10k - $25k | 1.45% $25k - $50k
1.50%*$50k*-3 Year CD with Active Checking
OTHER TIERS: 1.15% $1k - $25k | 1.40% $10k - $24,500 | 1.45% $25k - $50k
1.30%*$50k*-Business 36 Month CD
OTHER TIERS: 0.95% $1k - $10k | 1.20% $10k - $25k | 1.25% $25k - $50k
1.30%*$50k*-3 Year CD
OTHER TIERS: 0.95% $1k - $10k | 1.20% $10k - $25k | 1.25% $25k - $50k
1.20%*$50k*-Business 22-25 Month CD with Active Checking
OTHER TIERS: 0.85% $1k - $10k | 1.10% $10k - $25k | 1.15% $25k - $50k
1.20%*$50k*-2 Year CD with Active Checking
OTHER TIERS: 0.85% $1k - $10k | 1.10% $10k - $25k | 1.15% $25k - $50k
1.05%*$50k*-2 Year CD
OTHER TIERS: 0.70% $1k - $10k | 0.95% $10k - $25k | 1.00% $25k - $50k
1.05%*$50k*-Business 22-25 Month CD
OTHER TIERS: 0.70% $1k - $10k | 0.95% $10k - $25k | 1.00% $25k - $50k
1.00%*$50k*-18 - 21 Month CD with Active Checking
OTHER TIERS: 0.65% $1k - $10k | 0.90% $10k - $25k | 0.95% $25k - $50k
1.00%*$50k*-Business 18 - 21 Month CD with Active Checking
OTHER TIERS: 0.65% $1k - $10k | 0.90% $10k - $25k | 0.95% $25k - $50k
0.90%*$50k*-12 - 17 Month CD with Active Checking
OTHER TIERS: 0.70% $1k - $10k | 0.80% $10k - $25k | 0.85% $25k - $50k
0.90%*$50k*-Business 12 - 17 Month CD with Active Checking
OTHER TIERS: 0.70% $1k - $10k | 0.80% $10k - $25k | 0.85% $25k - $50k
0.85%*$50k*-18 - 21 Month CD
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k | 0.80% $25k - $50k
0.85%*$50k*-Business 18 - 21 Month CD
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k | 0.80% $25k - $50k
0.75%*$50k*-12 - 17 Month CD
OTHER TIERS: 0.35% $1k - $10k | 0.65% $10k - $25k | 0.70% $25k - $50k
0.75%*$50k*-Business 12 - 17 Month CD
OTHER TIERS: 0.35% $1k - $10k | 0.65% $10k - $25k | 0.70% $25k - $50k
0.55%*$50k*-9 - 11 Month CD with Active Checking
OTHER TIERS: 0.30% $1k - $10k | 0.45% $10k - $25k | 0.50% $25k - $50k
0.55%*$50k*-Business 9 - 11 Month CD with Active Checking
OTHER TIERS: 0.30% $1k - $10k | 0.45% $10k - $25k | 0.50% $25k - $50k
0.45%*$50k*-9 - 11 Month CD
OTHER TIERS: 0.25% $1k - $10k | 0.35% $10k - $25k | 0.40% $25k - $50k
0.45%*$50k*-6 - 8 Month CD with Active Checking
OTHER TIERS: 0.25% $1k - $10k | 0.35% $10k - $25k | 0.40% $25k - $50k
0.45%*$50k*-Business 6 - 8 Month CD with Active Checking
OTHER TIERS: 0.25% $1k - $10k | 0.35% $10k - $25k | 0.40% $25k - $50k
0.45%*$50k*-Business 9 - 11 Month CD
OTHER TIERS: 0.25% $1k - $10k | 0.35% $10k - $25k | 0.40% $25k - $50k
0.35%*$25k*-6 - 8 Month CD
OTHER TIERS: 0.20% $1k - $10k | 0.30% $10k - $25k
0.35%*$50k*-3 - 5 Month CD with Active Checking
OTHER TIERS: 0.20% $1k - $10k | 0.25% $10k - $50k
0.35%*$50k*-Business 3 - 5 Month CD with Active Checking
OTHER TIERS: 0.20% $1k - $10k | 0.25% $10k - $50k
0.35%*$25k*-Business 6 - 8 Month CD
OTHER TIERS: 0.20% $1k - $10k | 0.30% $10k - $25k
0.25%*$50k*-3 - 5 Month CD
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $50k
0.25%*$50k*-Business 3 - 5 Month CD
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $50k

Redwood Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.15%*$50k*-5 Year IRA with Active Checking
OTHER TIERS: 1.75% $1k - $10k | 2.05% $10k - $25k | 2.10% $25k - $50k
1.95%*$50k*-5 Year IRA
OTHER TIERS: 1.55% $1k - $10k | 1.85% $10k - $25k | 1.90% $25k - $50k
1.50%*$50k*-3 Year IRA with Active Checking
OTHER TIERS: 1.15% $1k - $10k | 1.40% $10k - $25k | 1.45% $25k - $50k
1.30%*$50k*-3 Year IRA
OTHER TIERS: 0.95% $1k - $10k | 1.20% $10k - $25k | 1.25% $25k - $50k
1.20%*$50k*-2 Year IRA with Active Checking
OTHER TIERS: 0.85% $1k - $10k | 1.10% $10k - $25k | 1.15% $25k - $50k
1.05%*$50k*-2 Year IRA
OTHER TIERS: 0.70% $1k - $10k | 0.95% $10k - $25k | 1.00% $25k - $50k
1.00%*$50k*-18 - 21 Month IRA with Active Checking
OTHER TIERS: 0.65% $1k - $10k | 0.90% $10k - $25k | 0.95% $25k - $50k
0.90%*$50k*-12 - 17 Month IRA with Active Checking
OTHER TIERS: 0.70% $1k - $10k | 0.80% $10k - $25k | 0.85% $25k - $50k
0.85%*$50k*-18 - 21 Month IRA
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $25k | 0.80% $25k - $50k
0.75%*$50k*-12 - 17 Month IRA
OTHER TIERS: 0.35% $1k - $10k | 0.65% $10k - $25k | 0.70% $25k - $50k
0.55%*$50k*-9 - 11 Month IRA with Active Checking
OTHER TIERS: 0.30% $1k - $10k | 0.45% $10k - $25k | 0.50% $25k - $50k
0.45%*$50k*-9 - 11 Month IRA
OTHER TIERS: 0.25% $1k - $10k | 0.35% $10k - $25k | 0.40% $25k - $50k
0.45%*$50k*-6 - 8 Month IRA with Active Checking
OTHER TIERS: 0.25% $1k - $10k | 0.35% $10k - $25k | 0.40% $25k - $50k
0.35%*$25k*-6 - 8 Month IRA
OTHER TIERS: 0.20% $1k - $10k | 0.30% $10k - $25k
0.35%*$50k*-3 - 5 Month IRA with Active Checking
OTHER TIERS: 0.20% $1k - $10k | 0.25% $10k - $50k
0.25%*$50k*-3 - 5 Month IRA
OTHER TIERS: 0.15% $1k - $10k | 0.20% $10k - $50k
Locations

Availability

San Francisco Bay Area

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