2024 Overview
General Credit Union Information
Red Canoe is an NCUA insured institution located in Longview, WA. It was founded in 1937 and has approximately $1161.03 millions in assets.
Who may join?
If you live, work, or worship in the State of Washington, you are eligible for membership. You are also eligible if you live or work in Linn, Benton, Lane, Marion, and Polk counties in Oregon. In addition, family members of the individuals mentioned above are welcome to join Red Canoe.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68196 |
| Date Established | 1937 |
| Assets | $1,161.03 million |
| Loans | $838.93 million |
| Deposits | $999.63 million |
| Capital | $127.59 million |
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.
Deposit Rates - April 16, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.25% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.20% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.20% | $100,000 | $199,999 |
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|
Loan Rates - April 16, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Red Canoe
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1429043 License#: RM.804500.000 |
6.908% | 6.750% | 0.63 | $5,200 | $2,076 | Learn More |
NMLS ID: 401822 |
6.932% | 6.750% | 0.88 | $6,000 | $2,076 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Red Canoe
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Branches
Below are Red Canoe branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
RED CANOE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Red Canoe Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Red Canoe. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Red Canoe | U.S. Average |
|---|---|
| 8.54% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Red Canoe had $10,727,037 in non-current loans and $601,168 in owned assets. To cover these potential losses it had $127,589,310 in net worth and $5,121,628 in loans loss reserves. That gives it a Texas Ratio of 8.54%.
Net Worth
| Red Canoe | U.S. Average |
|---|---|
| 10.99% | 13.62% |
Red Canoe FCU has a net worth of 10.99% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Red Canoe
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