Financial Strength and Growth Metrics Highlight RCU as a Top Performer
May 16, 2018
Redwood Credit Union (RCU) has recently been ranked the 2nd healthiest credit union in the United States (out of approximately 5,600 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.
“Financial strength and stability is key for any financial institution, and as a credit union, our continued strength and growth allows us to return even greater value to our Members and community, and further help them succeed," says Brett Martinez, President & CEO.
Redwood experienced strong growth in 2017, reaching more than $4 billion in assets and over 300,000 Members. In addition to traditional banking services such as checking, savings and loans, Redwood Credit Union also offers a wide variety of expanded products and services such as wealth management and financial planning, insurance, Small Business Administration (SBA) loans, and auto sales, which puts the Credit Union’s total assets under management at nearly $6 billion. RCU is currently the 42nd largest credit union in asset size in the U.S., and 10th 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. 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, investment and financial planning services, and more. The Credit Union also offers insurance and discount auto sales through their wholly-owned subsidiary. RCU now has $4.3 billion in assets and serves over 310,000 Members with full-service branches from San Francisco to Ukiah, more than 30,000 fee-free network ATMs nationwide plus a foreign ATM fee rebate program, and convenient, free online and mobile banking. RCU is on Facebook at facebook.com/redwoodcu and on Twitter at @redwoodcu. For more information, please call 1 (800) 479-7928 or visit www.redwoodcu.org.