Redwood Credit Union (RCU) has recently been ranked the 4th healthiest credit union in the United States (out of approximately 5,400 credit unions), according to Glatt Consulting’s Credit Union Industry HealthScore, which measures credit union strength and growth.
Glatt Consulting, an independent firm that studies the financial health of credit unions, uses 17 performance metrics to calculate its Credit Union Industry HealthScore, including financial and operational strength and growth, asset quality, asset and liability management, and productivity. With $5 billion in assets and more than 355,000 members, RCU is the only credit union to have been ranked in the top five in each of the last six years.
“Financial strength and stability are key factors for any financial institution. As a credit union, our continued strength and growth allow us to support members and the community in both good and challenging times," says Brett Martinez, President & CEO.
In addition to receiving the Glatt ranking, RCU has, for the sixth year running, been awarded the highest, 5-star rating for financial strength from Bauer Financial, an independent organization that ranks the financial strength of both banks and credit unions.