Redwood Credit Union ranks 4th in nation
Financial strength and growth metrics highlight RCU as a top performer
SANTA ROSA, CA (April 16, 2019) — 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 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 HealthScore, including financial and operational strength and growth, asset quality, asset/liability management, and productivity. RCU is the only credit union to have been ranked in the top five in each of the last five years.
“Financial strength and stability are key factors for any financial institution. As a credit union, our continued strength and growth allow us to return even greater value to our Members and community, and further help them succeed,” says Brett Martinez, President & CEO.
RCU experienced strong growth in 2018, reaching more than $4.5 billion in assets and over 335,000 Members. In addition to traditional banking services such as checking, savings, and loans, Redwood Credit Union also offers wealth management and financial planning services, insurance, Small Business Administration (SBA) loans, and auto sales. RCU is currently the 42nd largest credit union in asset size in the United States, and 8th largest in California.
About Redwood Credit Union
Founded in 1950, Redwood Credit Union is a full-service financial institution providing personal and business banking to consumers and businesses in the North Bay and San Francisco. With a mission to passionately serve the best interests of its Members, team members, and communities, RCU delivers many ways for its Members to save and build money through checking and savings accounts, auto and home loans, credit cards, digital banking, business services, commercial and SBA lending, and more. Wealth management and investment services are available through CUSO Financial Services L.P., and insurance and auto-purchasing services are also offered through RCU Services Group (RCU’s wholly owned subsidiary). RCU has more than $8.5 billion in assets and serves more than 465,000 members with full-service branches from San Francisco to Ukiah. For more information, call 1 (800) 479-7928, visit redwoodcu.org, or follow RCU on Facebook, Instagram, X, and LinkedIn for news and updates.
