Sep, 30, 2025 — NORTHERN REDWOOD FEDERAL CREDIT UNION is a federal credit union headquartered in ARCATA, CA with 2 branch locations and about $23.99 million in total assets. Opened 71 years ago in 1955, NORTHERN REDWOOD FEDERAL CREDIT UNION has about 3,180 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NORTHERN REDWOOD FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1270 Giuntoli Ln ARCATA, CA 95521-4415 |
| Phone: | (707) 822-5902 |
| Fax: | (707) 822-8818 |
| Website: | https://www.northernredwoodfcu.org |
| Branches: | 2 branch locations |
| Members: | 3,180 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10362 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Aug 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $23,990,939 |
| CEO/Manager: | Jenna L Cardoza |
| Chairperson: | Sandra L Hanks |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,296,733 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 650,662 |
| Unsecured Loans | 1,074,607 |
| Other Loans | 11,803,304 |
| TOTAL LOANS | 13,528,573 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -54,378 |
| Land And Building | 963,299 |
| Other Fixed Assets | 127,682 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 190,151 |
| All Other Assets | 121,808 |
| TOTAL ASSETS | 23,990,939 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,846 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 42,722 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,479,693 |
| Regular shares | 10,786,396 |
| All Other Shares & Deposits | 7,642,747 |
| TOTAL SHARES & DEPOSITS | 21,908,837 |
| TOTAL LIABILITIES | 21,953,405 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,037,534 |
| TOTAL EQUITY | 2,037,534 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 23,990,939 |
| INCOME & EXPENSE | |
| Loan Income | 698,941 |
| Investment Income | 243,211 |
| Other Income | 148,520 |
| Total Employee Compensation & Benefits | 309,055 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 520,404 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,500 |
| Cost of Funds | 243,667 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 37,677 |
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