Jun, 30, 2024 — REDWOOD CREDIT UNION is a federally insured state chartered credit union headquartered in SANTA ROSA, CA with 20 branch locations and about $7.64 billion in total assets. Opened 74 years ago in 1950, REDWOOD CREDIT UNION has about 332,297 members and employs 776 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | REDWOOD CREDIT UNION |
|---|---|
| Address: (Main Office) | 3033 Cleveland Ave SANTA ROSA, CA 95403-2126 |
| Phone: | (800) 479-7928 |
| Fax: | (707) 568-3972 |
| Website: | https://www.redwoodcu.org |
| Branches: | 20 branch locations |
| Members: | 332,297 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60793 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $7,640,020,276 |
| CEO/Manager: | Brett Martinez |
| Chairperson: | Judy Herrerias-James |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,407,947,415 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 495,000 |
| Real Estate Loans | 3,173,755,209 |
| Unsecured Loans | 406,696,341 |
| Other Loans | 1,850,580,577 |
| TOTAL LOANS | 5,431,036,158 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -45,461,457 |
| Land And Building | 104,469,584 |
| Other Fixed Assets | 18,517,076 |
| NCUSIF Deposit | 59,911,717 |
| All Other Assets | 148,153 |
| TOTAL ASSETS | 7,640,020,276 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 262,279 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 70,144,192 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,737,208,097 |
| Regular shares | 1,884,517,266 |
| All Other Shares & Deposits | 3,085,027,588 |
| TOTAL SHARES & DEPOSITS | 6,706,752,951 |
| TOTAL LIABILITIES | 6,777,159,422 |
| Regular Reserve | 0 |
| Other Reserves | 4,909,660 |
| Undivided Earnings | 857,951,194 |
| TOTAL EQUITY | 862,860,854 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,640,020,276 |
| INCOME & EXPENSE | |
| Loan Income | 146,613,372 |
| Investment Income | 23,265,676 |
| Other Income | 14,226,621 |
| Total Employee Compensation & Benefits | 63,521,966 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 56,375,727 |
| Non-operating Income & (Expense) | 95,956 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,756,138 |
| Cost of Funds | 15,765,249 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 83,088,067 |
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