Redwood Credit Union

Headquarters

Po Box 6104
Santa Rosa, CA 95406
See all branch locations →

Phone 1-707-545-4000

Notable Rates APY Vs.Others
Savings 0.10% 3.05% →
1-Year CD 0.65% 3.30% →
2-Year CD 0.80% 3.56% →
5-Year CD 1.00% 3.75% →
30-Year Mortgage 7.44% 6.31% →
15-Year Mortgage 6.87% 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Redwood is an NCUA insured institution located in Santa Rosa, CA. It was founded in 1950 and has approximately $7597.27 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 / State-Chartered
Charter Number # # 60793
Date Established 1950
Assets $7,597.27 million
Loans $4,913.28 million
Deposits $6,717.65 million
Capital $820.66 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 - September 24, 2022

Your Current Location: Washington, WA 98101

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
Premium Money Market Account
0.50% $10,000 $14,999 Learn More
Premium Money Market Account
0.55% $25,000 $34,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.65% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.90% $10,000 $14,999 Learn More
36 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 24, 2022

Your Current Location: Washington, WA 98101

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:
Seattle,Washington


Redwood Locations



Climate Initiatives

REDWOOD is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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
2.31% 4.75

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 March 31, 2022, Redwood had $19,701,880 in non-current loans and $200,483 in owned assets. To cover these potential losses it had $820,655,213 in net worth and $40,975,394 in loans loss reserves. That gives it a Texas Ratio of 2.31%.

Net Worth
Redwood U.S. Average
11.26% 12.28%

Redwood FCU has a net worth of 11.26% versus the BestCashCow average of 12.28. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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