Redwood Credit Union
Headquarters
Po Box 6104
Santa Rosa, CA 95406
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Phone 1-707-545-4000
2024 Overview
General Credit Union Information
Redwood is an NCUA insured institution located in Santa Rosa, CA. It was founded in 1950 and has approximately $8595.41 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 | $8,595.41 million |
| Loans | $6,527.07 million |
| Deposits | $7,521.80 million |
| Capital | $1,079.51 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 30, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| BYO Savings
|
0.15% | $5 | - |
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|
| Health Savings (HSA)
|
0.70% | $100 | - |
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|
| Regular Share Savings
|
0.15% | $1,000 | - |
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|
| Health Savings (HSA)
|
0.75% | $10,000 | $24,999 |
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|
| Health Savings (HSA)
|
0.85% | $50,000 | $99,999 |
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|
| Health Savings (HSA)
|
0.90% | $100,000 | - |
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|
|
Money Market
|
0.55% | $100 | - |
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|
|
Money Market
|
0.75% | $2,500 | $4,999 |
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|
|
Money Market
|
0.75% | $5,000 | $9,999 |
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|
|
Money Market
|
0.75% | $10,000 | $24,999 |
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|
|
Money Market
|
0.80% | $25,000 | $49,999 |
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|
|
Money Market
|
0.85% | $50,000 | $99,999 |
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|
|
Money Market
|
0.90% | $100,000 | $149,999 |
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|
|
Money Market
|
1.25% | $150,000 | $249,999 |
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|
|
Premium Money Market Account
|
2.50% | $2,500 | $9,999 |
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|
|
Premium Money Market Account
|
2.75% | $10,000 | $24,999 |
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|
|
Premium Money Market Account
|
3.00% | $25,000 | $49,999 |
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|
|
Premium Money Market Account
|
3.50% | $50,000 | $99,999 |
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|
|
Premium Money Market Account
|
3.75% | $100,000 | $149,999 |
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|
|
Premium Money Market Account
|
4.00% | $150,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 3-5 Months
|
3.10% | $1,000 | - |
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|
| 6 Mo CD
|
4.25% | $1,000 | - |
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|
| 9-11 Months
|
4.35% | $1,000 | - |
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|
| 12 Mo CD
|
4.75% | $1,000 | - |
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|
| 18 Mo CD
|
4.10% | $1,000 | - |
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|
| 24 Mo CD
|
3.50% | $1,000 | - |
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|
| 36 Mo CD
|
3.30% | $1,000 | - |
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|
| 60 Mo CD
|
3.45% | $1,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.15% | $2,500 | $49,999 | Learn More |
| High Balance
|
0.20% | $50,000 | - | Learn More |
Loan Rates - December 30, 2024
Your Current Location: Ohio, OH 43085
| Home Equity Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| Line of Credit See Table |
6.00% | 6.00% | Varies | |
Compare with 6.99 RATE Line of Credit from Third Federal Savings and Loan
See All Home Equity Rates |
||||
| 10 Year Loan
See Table |
5.49% | 5.49% | $1,084.77 | |
| 15 Year Loan
See Table |
5.49% | 5.49% | $816.55 | |
| 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 | |
|---|---|---|---|---|
| 10 Year Adjustable Conforming See Amortization Table |
7.21% | 7.13% | $2,155.90 | |
| 15 Year Fixed Conforming See Amortization Table |
6.03% | 6.33% | $2,756.85 | |
| 30 Year Fixed Conforming See Amortization Table |
6.47% | 6.74% | $2,072.75 |
| Purchase Mortgage Rates | APR | Rate | Monthly Payment | |
|---|---|---|---|---|
| 10 Year Adjustable Conforming See Amortization Table |
7.21% | 7.13% | $2,155.90 | |
| 15 Year Fixed Conforming See Amortization Table |
6.03% | 6.33% | $2,756.85 | |
| 30 Year Fixed Conforming See Amortization Table |
6.47% | 6.74% | $2,072.75 | |
Compare with 6.620% APR and 6.500% 30-Year Fixed RATE from Pure Rate Mortgage
See All Mortgage Rates |
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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:
Columbus,Ohio
Redwood Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 651.95 | A | View Lobby Hours | |
| 709.27 | B | View Lobby Hours | |
| 2085.74 | C | View Lobby Hours | |
| 2093.60 | D | View Lobby Hours | |
| 2094.62 | E | View Lobby Hours | |
| 2095.08 | F | View Lobby Hours | |
| 2098.90 | G | View Lobby Hours | |
| 2101.23 | H | View Lobby Hours | |
| 2103.79 | I | View Lobby Hours | |
| 2106.26 | J | View Lobby Hours | |
| 2107.51 | K | View Lobby Hours | |
| 2107.66 | L | View Lobby Hours | |
| 2108.23 | M | View Lobby Hours | |
| 2112.14 | N | View Lobby Hours | |
| 2122.43 | O | View Lobby Hours | |
| 2131.29 | P | View Lobby Hours | |
| 2158.00 | Q | View Lobby Hours |
Climate Policy and Initiatives
REDWOOD 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
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 |
|---|---|
| 1.52% | 5.83 |
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, 2024, Redwood had $16,268,587 in non-current loans and $854,577 in owned assets. To cover these potential losses it had $1,079,510,796 in net worth and $48,672,680 in loans loss reserves. That gives it a Texas Ratio of 1.52%.
Net Worth
| Redwood | U.S. Average |
|---|---|
| 12.53% | 13.93% |
Redwood FCU has a net worth of 12.53% versus the BestCashCow average of 13.93. 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 Redwood
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