Bank Local

Bank Local

The Bank Local page is Sonoma County's resource on community banking. Learn why banking locally is so important, get to know your local financial institutions, and find the resources you need make the shift to a community bank or credit union. Lower fees, better service and a stronger local economy for Sonoma County. Make the Bank Local shift today!

Santa Rosa Moves $1.5 Million to Local Banks and Credit Unions

City of Santa Rosa is moving $1.5 million in deposits ($250,000 each) to Community First Credit Union, Exchange Bank, First Community Bank, Redwood Credit Union, Sonoma County Grange Credit Union and Summit State Bank.

Rob Eyler Answers: What is a Depository Institution?

Professor Eyler recently presented a lucid take on banking and how it works at an Invest Local | Bank Local gathering at Sonoma Mountain Village Event Center.

Local Banks and Credit Unions: More Loans, Less Defaults
Sonoma County Banking Revealed

To help you find a local bank that is right for you, we have compiled research on Sonoma County banks and credit unions.

Find a Bank or Credit Union Near You

No matter where you live in Sonoma County, there is a local bank or credit union there to serve you.

Why Bank Local?

Local banks and credit unions play an important role in our local economy that increases the impact of the shift.

 

VIDEO: Move Your Money

People all over the country are choosing to move their money out of bigger banks and into smaller, community-oriented financial institutions that generally avoided the reckless investments and schemes that helped cause the financial crisis.

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Redwood Credit Union Celebrates 70 Years of Service
Redwood Credit Union (RCU) is proud to announce its celebration of 70 years of service to members.
3,000 High School Students to Learn “Adulting” from RCU
Many financial institutions will be closed for the federal holiday on October 14, but Redwood Credit Union (RCU) will be closed for a different reason: to send all 700 of its employees out to teach practical financial skills to more than 3,000 high school students across three North Bay counties.
RCU Helps Protect Over 3,600 with Document Shredding
Over 3,600 residents in Marin, Napa, Sonoma and Mendocino counties took action to protect themselves from fraud and identity theft by shredding old financial records and other paperwork at Redwood Credit Union’s (RCU’s) free annual Shred-a-Thons held over the summer. Trucks from Shred-IT were on-site at the events to help the communities safely dispose of and recycle 150,550 lbs. of documents.
New Graphs Show the Failures in U.S. Banking Policy
Prior to 2010, about half of the local community banks lost to mergers each year were replaced by a new startup banks. That pipeline disappeared in 2010, in part because regulators imposed much higher hurdles for new banks after the financial crisis. These new regulations have accelerated the decline of community banks, and that trend matters because these small institutions punch way above their weight in areas like small business lending. As the graphs provided show, community banks and credit unions control only 16 percent of the industry’s assets, but they supply more than half of lending to small ...
Redwood Credit Union Ranks 4th in Nation
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.
Brett Martinez Honored by National Credit Union Foundation
The National Credit Union Foundation presented the Anchor Award to Brett Martinez at its annual Herb Wegner Memorial Awards Dinner on March 11th during the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.
Students Consider a Career in Finance at RCU’s Career Day
As part of a career exploration day, 33 students visited the Santa Rosa headquarters of Redwood Credit Union (RCU) on Tuesday, March 5.
GO LOCAL Co-Founder Philip Beard on Public Banking
GO LOCAL Co-Founder and Board Member Philip Beard contributes to a Press Democrat "Close to Home" opinion piece: It’s time for a public bank in Santa Rosa
Redwood Credit Union’s Latino Business Leadership Award
Redwood Credit Union Named Best Financial Institution
RCU Recognized for Outstanding Performance
Redwood Credit Union Wins Three MAC Awards