Redwood Credit Union (RCU) has a rich history and a wide-reaching impact in its community. Here are some fun and interesting facts about Redwood Credit Union:
Community Reach and Size:
Redwood Credit Union serves over 415,000 members across several counties including Sonoma, Marin, Napa, San Francisco, Mendocino, Lake, Contra Costa, and Solano.
As of July 31, 2022, it is the largest credit union in the North Bay, boasting $7.6 billion in assets.
It's the 37th largest credit union in the U.S. among approximately 5,200 credit unions and the 8th largest in California out of 300.
RCU operates 19 branch locations, with 18 in the North Bay and 1 in San Francisco. They also provide over 30,000 free network ATMs and an out-of-network ATM fee reimbursement program for members.
History and Development:
Founded in 1950 by seven employees of the County of Sonoma, it later changed its name to Redwood Credit Union in 1982 to reflect the increased demand for affordable financial services in the North Bay.
By 2004, RCU's membership had reached 100,000 and by 2007, its assets had grown to $1 billion. They also moved into a new corporate building in Santa Rosa, CA, which is recognized as a silver LEED-Certified green building.
Recognition and Awards:
RCU has been recognized by Forbes as one of "America's Best Small Employers 2023".
It has received the title of the healthiest credit union in California and ranked sixth healthiest in the nation among large credit unions.
The credit union has also been acknowledged as the "Best Credit Union" by the readers of Press Democrat every year and has achieved numerous other accolades including a 5‐Star Bauer Rating and an A+ Excellent Rating from Weiss Ratings.
Community Impact and Services:
RCU is committed to helping its members improve their lives and making a positive difference in the community. It has been active in this regard since 1950, aiding people in achieving their financial goals and dreams.
The credit union offers a full range of financial services for both personal and business use, including checking, savings, loans, credit cards, investments, insurance, and auto purchasing/brokerage.
Employee Base:
Employing 720 individuals, RCU contributes significantly to local employment. Moreover, RCU has been named one of the best places to work for the 17th consecutive year by the North Bay Business Journal.
These facts paint a picture of a credit union deeply rooted in its community, committed to providing excellent service and value to its members, and recognized both locally and nationally for its stability, service, and workplace culture.
Cheers to the team and leader
Brett Martinez
Our team spent the morning turning wrenches and spreading happiness. 🚲 🔧 🙂
At our Day of Impact celebration, 850 RCU team members built 418 bikes that will be given to children aged 5-10 in partnership with these local nonprofits:
🌲 Boys & Girls Clubs of Sonoma-Marin
🌲 TLC Child and Family Services
🌲 La Luz Center
🌲 American Canyon Community & Parks Foundation
🌲 Puertas Abiertas Community Resource Center
🌲 North Coast Opportunities
🌲 Action Network
🌲 Canal Alliance
🌲Buckelew Programs Inc
🌲 North Marin Community Services
🌲 Compass Family Services
Shout out to Specialized Bicycle Components and Trope Group for helping make this happen!
Talent Acquisition/Recruitment Professional
8moSooo blessed to be a part of a company that shares love and spreads joy. Inland/Axis, the staff within, and Gonzaga Family Haven have a piece of my heart forever! Happy holidays, everyone!