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National Credit Union Service Organization

REDWOOD CREDIT UNION

Dec, 31, 2023 — REDWOOD CREDIT UNION is a federally insured state chartered credit union headquartered in SANTA ROSA, CA with 20 branch locations and about $8.51 billion in total assets. Opened 74 years ago in 1950, REDWOOD CREDIT UNION has about 360,244 members and employs 885 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 321177586
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:360,244
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, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$8,508,973,628
CEO/Manager:Brett Martinez
Chairperson:Rob Eyler

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,405,035,949
TOTAL INVESTMENTS 0
Loans Held for Sale 4,861,100
 
 Real Estate Loans 3,705,869,778
 Unsecured Loans 563,495,678
 Other Loans 2,047,942,118
 TOTAL LOANS 6,317,398,815
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -95,043,932
 Land And Building 116,355,592
 Other Fixed Assets 18,340,216
 NCUSIF Deposit 62,905,698
 All Other Assets 416,135
  TOTAL ASSETS 8,508,973,628
LIABILITIES & CAPITAL:  
 Dividends Payable 293,790
 Notes & Interest Payable 500,000,000
 Accounts Payable & Other Liabilities 109,326,471
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,604,731,023
 Regular shares 1,567,564,150
 All Other Shares & Deposits 3,742,640,262
  TOTAL SHARES & DEPOSITS 6,914,935,435
  TOTAL LIABILITIES 7,524,555,696
 Regular Reserve 0
 Other Reserves -12,306,170
 Undivided Earnings 996,724,102
  TOTAL EQUITY 984,417,932
  TOTAL LIABILITIES, SHARES, & EQUITY 8,508,973,628
INCOME & EXPENSE  
 Loan Income 287,405,725
 Investment Income 74,457,960
 Other Income 17,008,094
 Total Employee Compensation & Benefits 102,448,631
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 90,106,546
 Non-operating Income & (Expense) 180,946
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 33,286,585
 Cost of Funds 92,761,024
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 124,920,462
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