Redwood Credit Union

Redwood Credit Union is a state-chartered credit union headquartered in Santa Rosa, California. It serves the North Bay region of the San Francisco Bay Area and is one of the larger credit unions in Northern California. The credit union was founded in 1950 and has grown steadily to serve communities across several North Bay counties.

Redwood Credit Union is a member-owned, not-for-profit financial cooperative insured by the National Credit Union Administration up to $250,000 per depositor. Its cooperative structure means it does not distribute profits to outside shareholders, and its goal is to provide competitive financial products and services to its members.

Membership is open to individuals who live or work in Sonoma, Marin, Napa, Mendocino, Lake, Solano, Contra Costa, or San Francisco counties in California. Family members of existing members are also eligible. This geographic focus makes Redwood Credit Union primarily relevant for residents and workers in the North Bay area.

Redwood Credit Union commonly offers checking and savings accounts, auto loans, mortgages, home equity products, personal loans, and credit cards. Its auto loan rates are frequently cited as competitive in the North Bay market, covering both new and used vehicles. Its mortgage products include options for purchase and refinance. The credit union also provides a range of savings products including certificates of deposit.

Redwood Credit Union operates branches across Sonoma, Marin, and Napa counties, with the greatest concentration in the Santa Rosa area. It also provides online and mobile banking services for members throughout its service area.

North Bay California residents who live or work in the qualifying counties should compare Redwood Credit Union's products with other available options. Membership eligibility is straightforward for most people who live or work in the region.