REDWOOD

PO BOX 6104
Santa Rosa, CA 95406

Phone: 1-707-545-4000

Notable Rates APY Vs.Others
Savings 0.10% 2.30% →
1-Year CD 1.45% 2.25% →
2-Year CD 1.55% 2.50% →
5-Year CD 1.75% 2.80% →
30-Year Mortgage 3.94% 3.31% →
15-Year Mortgage 3.37% 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Credit Union Information

Redwood is an NCUA insured institution located in Santa Rosa, CA. It was founded in 1950 and has approximately $4690.37 millions in assets.

Who can join?

You are eligible if...

You live or work in Sonoma, Marin, Napa, Lake, Mendocino, San Francisco, Solano, or Contra Costa County in California

You are related to a Member of Redwood Credit Union.

You work for a company or belong to an association that is in RCU's field of membership

NCUA Insured Yes
Charter Number # # 60793
Date Established 1950
Assets $4,690.37 million
Loans $3,728.21 million
Deposits $4,056.30 million
Capital $588.47 million
 

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.

Deposit Rates - December 10, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.50% $2,500 $4,999 Learn MoreShow Less
Money Market
0.50% $10,000 $24,999 Learn MoreShow Less
Money Market
0.50% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.50% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.50% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
1.25% $1,000 $2,499 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.45% $10,000 $24,999 Learn MoreShow Less
3 Mo CD
0.50% $100,000 - Learn MoreShow Less
6 Mo CD
0.90% $10,000 $24,999 Learn MoreShow Less
6 Mo CD
0.90% $100,000 - Learn MoreShow Less
12 Mo CD
1.45% $10,000 $24,999 Learn MoreShow Less
12 Mo CD
1.45% $100,000 - Learn MoreShow Less
18 Mo CD
1.50% $10,000 $24,999 Learn MoreShow Less
18 Mo CD
1.50% $100,000 - Learn MoreShow Less
24 Mo CD
1.55% $10,000 $24,999 Learn MoreShow Less
24 Mo CD
1.55% $100,000 - Learn MoreShow Less
36 Mo CD
1.65% $10,000 $24,999 Learn MoreShow Less
36 Mo CD
1.70% $100,000 - Learn MoreShow Less
60 Mo CD
1.70% $10,000 $24,999 Learn MoreShow Less
60 Mo CD
1.75% $100,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.75% $2,500 $4,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.10% $500 $999 Learn MoreShow Less
0.10% $2,500 $4,999 Learn MoreShow Less

Loan Rates - December 10, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 3.59% 3.59% $455.80
6 Year 3.79% 3.79% $388.74
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.



Branches

Below are Redwood 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:
Ashburn,Virginia


Redwood Locations


Financial Details

Redwood Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Redwood. 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
Redwood U.S. Average
1.20% 5.86

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 June 30, 2019, Redwood had $7,103,749 in non-current loans and $326,705 in owned assets. To cover these potential losses it had $588,468,724 in net worth and $28,404,699 in loans loss reserves. That gives it a Texas Ratio of 1.20%.

Net Worth
Redwood U.S. Average
12.54% 13.65%

Redwood FCU has a net worth of 12.54% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Redwood

Branches and Savings

What is Redwood?

A federal credit union, registered with the NCUA under certificate #60793.
Learn more about credit unions here.

Is Redwood FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Redwood?

Please see Field of Membership information above for information on who is eligible to join.

What are Redwood's share account and share certificate rates?

Redwood's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Redwood?

Redwood has total capital of $588.47 million. Full information on Redwood's financial position is located above.

Who owns Redwood?

Credit Unions are owned by their members.

Where are Redwood branches located?

See branch locations nearby.

Are Redwood ATMs Open 24/7?

Do Redwood ATMs accept cash deposits?

Can Redwood customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Redwood have a mobile app?

Does Redwood have mobile deposit?

Does Redwood have quick pay?

How can Redwood transfer money to other banks or credit unions?

Does Redwood report to credit bureaus?

Does Redwood use Chexsystems?

Does Redwood use Equifax?

What is Redwood's toll free phone number?

What is Redwood's ACH Routing Number?

What is Redwood's SWIFT code?

Where can I find Redwood's wire transfer form?

What is the Redwood address for deposits?

What Products Does Redwood Offer

Does Redwood offer mortgages?

Compare mortgage rates here.

Does Redwood offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Redwood offer auto and RV loans?

Compare auto loan rates here.

Does Redwood offer student loans or personal loans?

Compare personal loan rates here.

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