Redwood Credit Union Celebrates 75 Years of Service
Redwood Credit Union (RCU) is thrilled to mark its 75th anniversary with a yearlong celebration starting in 2025. Established in 1950, RCU has grown significantly and now serves eight counties with a total of 22 branches. Their latest addition in the San Anselmo area symbolizes their ongoing expansion and commitment to community service.
Growth and Community Impact
Throughout its history, RCU has established itself as the largest financial institution in the North Bay region, boasting nearly $9.1 billion in assets by the end of 2024. The credit union offers a range of financial solutions for both individuals and businesses. Their services include checking and savings accounts, auto and mortgage loans, commercial loans, credit cards, and comprehensive digital banking options. RCU’s dedication to member satisfaction is evident through offerings like free financial coaching and specialized youth accounts.
Commitment to Exceptional Service
Brett Martinez, the President and CEO of Redwood Credit Union, expressed pride in the organization's remarkable journey. “From just seven founding members, we now support almost half a million members across the North Bay and beyond,” he said. He highlighted the credit union's mission to provide not just competitive rates but also exceptional service and convenient technologies for their members.
Award-Winning Recognition
As the 8th largest credit union in California and among the top 40 nationwide, RCU has received accolades from various esteemed organizations. Their honors include being recognized by Forbes as one of the Best Small Employers and being voted as one of America’s Best Credit Unions by Newsweek. The North Bay Business Journal also honored RCU as one of the Best Places to Work, and it has repeatedly been chosen for its outstanding services by Bay Area publications.
Support for Local Communities
RCU is deeply committed to its community. The organization has devoted over 6,000 volunteer hours and contributed $4.2 million in support to local nonprofits via sponsorships and fundraising. Their collaboration with 208 community partners exemplifies their commitment to fostering meaningful and sustainable change in the areas they serve.
Membership and Accessibility
RCU’s membership is open to anyone residing or working in the counties of Sonoma, Marin, Mendocino, San Francisco, Solano, Contra Costa, Lake, and Napa. Relatives of current members can also join. This inclusivity reflects RCU’s dedication to serving diverse communities and promoting financial well-being.
About Redwood Credit Union
Founded in 1950, Redwood Credit Union operates as a full-service, not-for-profit financial institution. It serves both personal and business banking needs in North Bay and San Francisco regions. RCU's mission is to prioritize the best interests of its members and local communities, providing robust services including wealth management and investment options through its subsidiary, Redwood Wealth Management. Additionally, RCU offers insurance and auto purchasing services, making it a comprehensive financial resource.
Frequently Asked Questions
What is Redwood Credit Union's history?
Redwood Credit Union was founded in 1950 with just seven members and has since grown to serve nearly 500,000 members across eight counties.
What services does RCU provide?
RCU offers a variety of financial services including checking accounts, loans, credit cards, digital banking, and investment services.
How does RCU contribute to the community?
RCU invests time and resources in local communities, having contributed over $4.2 million to nonprofits and engaged in extensive volunteer work.
Who can join Redwood Credit Union?
Membership is open to anyone living or working in several specified counties, as well as to relatives of existing members.
What distinguishes RCU from other financial institutions?
RCU is a not-for-profit cooperative owned entirely by its members, focusing on providing competitive rates and outstanding member service.
