Redwood Credit Union ranks among nation’s top performers
Numerous reports highlight RCU’s leading performance in U.S.
SANTA ROSA, CA (May 18, 2017) — Redwood Credit Union (RCU) has recently been ranked a top performer in the country by multiple sources, including top five healthiest credit unions by Glatt Consulting, the sixth best performing credit union in the nation by S&P Global Market Intelligence, and one of the top business lenders in volume by BauerFinancial, Inc.
Glatt Consulting, an independent firm that studies the financial health of credit unions, has ranked Redwood Credit Union among the top five healthiest credit unions (of nearly 6,000) nationwide. Glatt 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 three years.
S&P Global Market Intelligence ranked Redwood Credit Union 6th best performing credit union in the nation based on 2016 metrics. The ranking was based on member growth, market growth, operating expenses, net charge-offs, and delinquent loans as a percentage of total loans.
BauerFinancial, Inc., an independent organization who reports and analyzes the performance of U.S. credit unions and banks, rated Redwood Credit Union a five-star institution for financial strength—their highest designation. They also recognized the credit union’s business loan growth to be exceptionally strong and ranked among the most prolific in the nation.
“Financial strength and stability is critical for any financial institution, and as a credit union, our continued growth allows us to return even greater value to our Members and community, and further help them succeed,” says Brett Martinez, president & CEO.
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. RCU offers complete financial services including checking and savings accounts, auto and home loans, credit cards, online and mobile 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 $7 billion in assets and serves more than 390,000 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, Twitter, and LinkedIn for news and updates.
