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 Industry 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 Industry HealthScore, including financial and operational strength and growth, asset quality, asset and liability management, and productivity. With $5 billion in assets and more than 355,000 members, RCU is the only credit union to have been ranked in the top five in each of the last six years.
“Financial strength and stability are key factors for any financial institution. As a credit union, our continued strength and growth allow us to support members and the community in both good and challenging times,” says Brett Martinez, President & CEO.
In addition to receiving the Glatt ranking, RCU has, for the sixth year running, been awarded the highest, 5-star rating for financial strength from Bauer Financial, an independent organization that ranks the financial strength of both banks and credit unions.
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, and more. Wealth management and investment services are available through CUSO Financial Services L.P., and through RCU Services Group (RCU’s wholly owned subsidiary), insurance and auto-purchasing services are also available. RCU has $5 billion in assets and serves more than 355,000 members with full-service branches from San Francisco to Ukiah. For more information, call 1 (800) 479-7928, visit redwoodcu.org, or follow RCU on Facebook, Instagram, and Twitter for news and updates.