Business Details
Your Trusted Partner for Community Banking Solutions
Redwood Credit Union has been dedicated to serving our members and communities for 75 years. Our mission centers on empowering individuals to achieve their financial goals through personalized banking solutions and unwavering community support. We offer a comprehensive range of financial products, including checking accounts, mortgages, auto loans, and business services, designed to meet diverse needs. With over 500,000 members, we prioritize financial education, fraud prevention, and local impact initiatives. Our team is committed to delivering exceptional service through multiple channels, including online banking, mobile apps, and in-person consultations.We maintain transparency in our operations, ensuring no hidden fees and clear communication about our products. Our expertise in mortgage rate reduction programs and business payment protection solutions demonstrates our innovative approach to financial services. As a member-owned institution, we reinvest in communities through grants, sponsorships, and volunteer efforts. Our 2024 impact report highlights $4.9 million in total giving and over 6,000 community service hours. We combine decades of experience with modern banking technology to provide secure, convenient financial management tools that adapt to evolving customer needs.
Services
Checking Accounts
Mortgage Loans
Auto Financing
Business Banking
Financial Education
Insurance Services
Money Market Accounts
Certificate Programs
PPP Loan Forgiveness
Digital Banking
Highlights and features
- We've served communities for 75 years with proven financial expertise
- Our mortgage rate reduction program saves eligible members $799 annually
- Business Positive Pay prevents fraudulent transactions before they occur
- Free financial education resources help members achieve long-term stability
- We've donated $4.9 million to local nonprofits in 2024 alone
What people say
Great mortgage products
Numerous locations
Easy phone banking
Great online services
Services
Mortgage Loans
We offer competitive mortgage solutions including fixed and adjustable-rate loans with up to 95% loan-to-value ratios. Our Rate Roll Down program allows eligible members to reduce interest rates annually without refinancing. California property specialists provide personalized guidance through the home buying process while maintaining strict underwriting standards for security.
Business Banking
Our business solutions include Positive Pay fraud protection and specialized checking accounts. We offer commercial lending support with tailored financial management tools. Business members benefit from dedicated relationship managers and integrated payment solutions designed to enhance operational efficiency and security.
Financial Education
Free educational resources help members build financial literacy through budgeting tools and planning guides. Our programs cover emergency fund creation, responsible borrowing, and wealth-building strategies. Community workshops and digital content empower over 6,000 individuals annually with practical money management skills.
Digital Banking
24/7 digital access includes mobile deposits, account management, and loan applications. Our platform supports secure ACH transfers and real-time transaction monitoring. Members enjoy convenient features like digital wallet integration and automated savings tools that adapt to modern banking needs.
Community Support
Through grants, sponsorships, and volunteer programs, we invest in community development. Our initiatives include financial literacy outreach reaching 6,000+ individuals and $4.9 million in annual charitable contributions. Members benefit from locally focused economic development programs and community-building partnerships.
Questions
How do I open a new account?
You can open an account online in minutes or schedule an in-person meeting with our team members.
What mortgage rate reduction options exist?
Eligible members can request a Rate Roll Down once yearly for $799, adjusting to current market rates without refinancing.
How does Business Positive Pay work?
This service prevents fraud by verifying check and ACH transactions before processing them against your business account.
What financial education resources are available?
We provide free budgeting tools, debt management guides, and community workshops covering all aspects of personal finance.
Are there special benefits for active checking accounts?
Maintaining active checking qualifies members for higher money market yields and certificate rates.
How does the credit union support local communities?
We contribute through grants, sponsorships, and volunteer programs, including $4.9 million in total giving during 2024.
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