Financial Strength and Growth Metrics Highlight RCU as a Top Performer
April 16, 2019
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. 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, wealth management and investment services, and more. The credit union also offers insurance and discount auto sales through its wholly owned subsidiary. RCU has over $4.5 billion in assets and serves more than 335,000 members with full-service branches from San Francisco to Ukiah, more than 30,000 fee-free network ATMs nationwide and convenient, free online and mobile banking. For more information, call 1 (800) 479-7928, visit www.redwoodcu.org, or follow RCU on Facebook at facebook.com/redwoodcu and Twitter at @Redwoodcu for news and updates.