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

Redwood Credit Union is headquartered in Santa Rosa and is the 11th largest credit union in the state of California. It is also the 59th largest credit union in the nation. It was established in 1950 and as of March of 2016, it had grown to 437 employees and 213,819 members at 16 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.
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Reviews (1)

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!



Health
A+

Health Grade Components

Overall
NCUA #60793
Year Chartered1950
Employees437
Primary Regulator
Profit Margin
Return on Assets - YTD1.61%
Return on Equity - YTD13.63%
Annual Interest Income$23.1MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$2.95B$2.58B
LoansQ1 2016vs Q1 2015$2.18B$1.89B
DepositsQ1 2016vs Q1 2015$2.58B$2.27B
Equity CapitalQ1 2016vs Q1 2015$340.6MM$291.4MM
Loan Loss AllowanceQ1 2016vs Q1 2015$16.8MM$15.1MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$9.3MM$8.6MM
Real Estate OwnedQ1 2016vs Q1 2015$0$188.00K
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
0.35%*$50k*-Health Share Savings Account
OTHER TIERS: 0.15% $100 - $10k | 0.20% $10k - $25k | 0.25% $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*-Special Share
OTHER TIERS: 0.10% $100 - $50k
0.15%*$50k*-Build Your Own Savings
OTHER TIERS: 0.10% Up to $50k
0.15%*$50k*-Business Savings Share
OTHER TIERS: 0.10% $100 - $50k

Redwood Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*-IRA Balance Money Market
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k
0.35%*$50k*-Business Balance Money Market
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k
0.35%*$50k*-Personal Balance Money Market
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k
0.35%*$50k*-Roth IRA Balance Money Market
OTHER TIERS: 0.15% $2,500 - $10k | 0.20% $10k - $25k | 0.25% $25k - $50k
0.20%*$100k*-Money Market Growth IRA
OTHER TIERS: 0.15% $100 - $100k
0.20%*$100k*-Money Market Growth
OTHER TIERS: 0.15% $100 - $100k
0.20%*$100k*-Money Market Growth Roth IRA
OTHER TIERS: 0.15% $100 - $100k
0.15%$100-Business Money Market Growth
0.10%$10k-Advantage Plus Money Market

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*-Active Business Checking
OTHER TIERS: 0.15% $500 - $25k
0.20%*$25k*-Business Premium Checking
OTHER TIERS: 0.15% $500 - $25k
0.05%$500-Dividend Earning Checking

Redwood Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%$1k-60 Month CD with Active Checking
1.60%$1k-Business 60 Month CD with Active Checking
1.35%$1k-36 Month CD with Active Checking
1.35%$1k-Business 36 Month CD with Active Checking
0.95%$1k-22 - 25 Month CD with Active Checking
0.95%$1k-Business 22 - 25 Month CD with Active Checking
0.85%$1k-18 - 21 Month CD with Active Checking
0.85%$1k-Business 18 - 21 Month CD with Active Checking
0.80%$1k-60 Month CD
0.80%$1k-Business 60 Month CD
0.60%$1k-12 - 17 Month CD with Active Checking
0.60%$1k-Business 12 - 17 Month CD with Active Checking
0.30%$1k-6 - 8 Month CD with Active Checking
0.30%$1k-9 - 11 Month CD with Active Checking
0.30%$1k-Business 6 - 8 Month CD with Active Checking
0.30%$1k-Business 9 - 11 Month CD with Active Checking
0.25%$1k-36 Month CD
0.25%$1k-Business 36 Month CD
0.15%$1k-3 - 5 Month CD with Active Checking
0.15%$1k-Business 3 - 5 Month CD with Active Checking
0.10%$1k-22 - 25 Month CD
0.10%$1k-Business 22 - 25 Month CD
0.05%$1k-3 - 5 Month CD
0.05%$1k-6 - 8 Month CD
0.05%$1k-9 - 11 Month CD
0.05%$1k-12 - 17 Month CD
0.05%$1k-18 - 21 Month CD
0.05%$1k-Business 3 - 5 Month CD
0.05%$1k-Business 6 - 8 Month CD
0.05%$1k-Business 9 - 11 Month CD
0.05%$1k-Business 12 - 17 Month CD
0.05%$1k-Business 18 - 21 Month CD

Redwood Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.60%$1k-60 Month IRA with Active Checking
1.35%$1k-36 Month IRA with Active Checking
0.95%$1k-22 - 25 Month IRA with Active Checking
0.85%$1k-18 - 21 Month IRA with Active Checking
0.80%$1k-60 Month IRA
0.60%$1k-12 - 17 Month IRA with Active Checking
0.30%$1k-6 - 8 Month IRA with Active Checking
0.30%$1k-9 - 11 Month IRA with Active Checking
0.25%$1k-36 Month IRA
0.15%$1k-3 - 5 Month IRA with Active Checking
0.10%$1k-22 - 25 Month IRA
0.05%$1k-3 - 5 Month IRA
0.05%$1k-6 - 8 Month IRA
0.05%$1k-9 - 11 Month IRA
0.05%$1k-12 - 17 Month IRA
0.05%$1k-18 - 21 Month IRA
Locations

Redwood Credit Union has 16 locations. Click to view all Redwood Credit Union locations.