News Room
January 15, 2010
Redwood Credit Union Celebrates 60 Years of Service
North Bay’s Largest Credit Union Milestone Anniversary is on January 19th
Santa Rosa, CA –Redwood Credit Union (RCU) is celebrating its 60th year of service to Members. To honor the occasion, the Credit Union has created a commemorative logo, launched a timeline of their history on their website at www.redwoodcu.org, and plans to highlight the milestone at their Annual Membership Meeting in April.
“This milestone would not have been possible without the participation of our Members, the commitment and dedication of our Officials and staff to the Credit Union’s mission, values, and vision, and our collective passion for serving our Members and communities,” said Brett Martinez, RCU’s President & CEO. “Helping Members find solutions to their financial challenges through the difficult economy of the past year has only served to further reinforce and empower our cooperative spirit of ‘people helping people,’ and makes this milestone that much more significant,’” Martinez added.
On January 19, 1950, Redwood Credit Union was founded by 7 County of Sonoma employees as Sonoma County Employees Credit Union (SCECU) to provide Members with reasonable loans and a safe place to save for the future. In 1982, SCECU changed its name to Redwood Credit Union to reflect the growing demand for affordable financial services within the Redwood Empire. Over the years the Credit Union has added a full line of value-driven products and services to meet their Members’ changing needs, including a wide array of savings products, home and consumer loans, credit cards, investments, insurance, business services, online services, and much more. Today, the Credit Union has grown to $1.7 billion in assets, serves nearly 150,000 Members, and employs 340 staff. Voted multiple times as “Best Credit Union” and “Best Place to Work” and recently achieving the designation of #1 SBA lender in the North Bay, today the Credit Union is the 72nd largest credit union among nearly 8,000 credit unions nationwide. Redwood Credit Union serves all of the North Bay and San Francisco, and membership is open to anyone who lives or works in 8 counties, including Sonoma, Marin, Napa, Mendocino and San Francisco.
Redwood Credit Union is a full-service, Member-owned financial co-op with 15 Northern California branch locations. The Credit Union offers comprehensive financial products and services for individuals and small businesses, including free checking, savings and deposit accounts, consumer and real estate loans, credit cards, free home banking, financial management services, retirement planning, insurance services, auto-purchasing and a variety of online services including loan applications and free bill pay.
For more information, please call (707) 545-4000, toll free 1 (800) 479-7928 or visit Redwood Credit Union online at www.redwoodcu.org.
