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.
Name: | REDWOOD CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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