Overview
What is Redwood Credit Union?
Redwood Credit Union, based in Santa Rosa, California, is a cooperative financial institution committed to offering affordable financial services to its member-owners. With a team of 891 employees, the union's primary mission is to provide a diverse range of financial products and services, putting the best interests of its members at heart. The organization's description underscores its dedication to serving all financial needs of its members, emphasizing the passion it holds for its members, employees, and the communities it serves.
Official website here: www.redwoodcu.org
What are the reviews and ratings of this charity?
Redwood Credit Union is not currently rated on Charity Navigator. The lack of rating signifies that the organization has not yet been assessed under Charity Navigator's current evaluation criteria, which require specific beacons like Accountability & Finance or Impact & Measurement. This does not reflect positively or negatively on the organization, as it is not classified as a 501(c)(3) entity eligible for rating.
The organization's classification as a subordinate within a group ruling indicates that it operates under a broader umbrella group rather than as an independent nonprofit. This status might affect its visibility or eligibility for certain types of evaluations, such as those concerning financial transparency or accountability.
No user reviews from GreatNonprofits are available for Redwood Credit Union, so public feedback and specific experiences related to the organization's services and community impact are currently not documented.
This AI summary has been generated from information found on Charity Navigator.
Is Redwood Credit Union legitimate?
Redwood Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Redwood Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $9,708,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $58,740,070
For more financial information, click here
Official website here: www.redwoodcu.org
What is the mission statement of Redwood Credit Union?
Redwood Credit Union prioritizes serving the best interests of its members, employees, and communities. The cooperative organization is dedicated to providing a comprehensive range of financial products and services to meet the needs of its members. With a passion for putting members first, Redwood Credit Union offers low-cost financial solutions to help its member-owners achieve their financial goals. The credit union's commitment extends beyond just financial services, as it strives to make a positive impact on the lives of its members and the wider community.
Official website here: www.redwoodcu.org
Who is the CEO of Redwood Credit Union?
Brett Martinez is the President/Ceo of Redwood Credit Union. The CEO's salary of Redwood Credit Union is $1,436,480 and their total compensation is $1,808,030.
Official website here: www.redwoodcu.org
What is the revenue of Redwood Credit Union?
Redwood Credit Union's revenue in 2022 was $304,586,101.
Official website here: www.redwoodcu.org
Who are the executives of Redwood Credit Union and what are their salaries?
The average compensation at Redwood Credit Union during 2022 was $76,823. There are 891 employees and 11 volunteers at Redwood Credit Union.
Here are 31 key members and their salaries (Redwood Credit Union's CEO's salary is $1,436,480 and their total compensation is $1,808,030):
- Compensation: $1,436,480
- Related: $0
- Other: $371,550
- Compensation: $806,116
- Related: $0
- Other: $187,758
- Compensation: $673,383
- Related: $0
- Other: $173,238
- Compensation: $670,029
- Related: $0
- Other: $163,287
- Compensation: $789,697
- Related: $0
- Other: $9,150
- Compensation: $524,585
- Related: $0
- Other: $79,754
- Compensation: $444,258
- Related: $0
- Other: $106,796
- Compensation: $526,431
- Related: $0
- Other: $18,010
- Compensation: $448,505
- Related: $0
- Other: $85,153
- Compensation: $417,233
- Related: $0
- Other: $97,213
- Compensation: $411,201
- Related: $0
- Other: $93,839
- Compensation: $434,487
- Related: $0
- Other: $67,480
- Compensation: $463,517
- Related: $0
- Other: $18,151
- Compensation: $352,593
- Related: $0
- Other: $70,166
- Compensation: $393,882
- Related: $0
- Other: $17,284
- Compensation: $314,629
- Related: $0
- Other: $79,166
- Compensation: $300,157
- Related: $0
- Other: $70,369
- Compensation: $325,802
- Related: $0
- Other: $21,911
- Compensation: $311,504
- Related: $0
- Other: $16,134
- Compensation: $311,094
- Related: $0
- Other: $11,402
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.redwoodcu.org
Where can I find the form 990 for Redwood Credit Union?
Redwood Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redwoodcu.org
Learn more at the official website: www.redwoodcu.org
Mission Statement of Redwood Credit Union
Redwood Credit Union, with its passion for serving, dedicates itself to the best interests of its members, employees, and communities. Acting as a cooperative organization, it caters to the diverse financial needs of its members by offering a range of affordable financial products and services. Redwood Credit Union's mission is multifaceted; it not only focuses on providing essential banking solutions but also goes the extra mile in ensuring the welfare of its members. By putting their needs first, the Union fosters a strong sense of loyalty and trust within its community. With a commitment to excellence, Redwood Credit Union strives to make a positive impact on the lives of its members.
Founded on the principles of cooperation, Redwood Credit Union is more than just a financial institution. It is a community of like-minded individuals, all working towards the common goal of financial security and growth. The Union's members can count on it to be there for them, offering personalized solutions tailored to their unique financial circumstances. Redwood Credit Union's team of dedicated professionals is always ready to lend a helping hand, providing expert advice and guidance to help members make informed decisions about their money. By focusing on the needs of its members, Redwood Credit Union sets itself apart as a trusted and reliable financial partner.
In conclusion, Redwood Credit Union is more than just a financial provider; it is a dedicated and compassionate organization that puts its members' needs first. Through its wide range of financial products and services, Redwood Credit Union empowers its members to take control of their finances and build a strong financial future. By passionately serving the best interests of its members, Redwood Credit Union fosters a sense of loyalty and trust within its community, making it an essential and valued partner for those it serves.
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Impact
October, 2024
Redwood Credit Union plays a vital role in enhancing the financial well-being of its member-owners by offering low-cost financial products and services. Based in Santa Rosa, California, the organization is dedicated to passionately serving the best interests of its members, employees, and the broader community. By operating as a cooperative, Redwood Credit Union fosters a sense of ownership and community engagement, ensuring that financial services are accessible and meet the diverse needs of its members. This commitment not only strengthens individual financial health but also contributes positively to the economic resilience of the communities it serves, promoting public benefit through responsible and supportive banking practices.
This information is meant to be a general summary of Redwood Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $36,935,424
- Program Service Revenue: $267,576,429
- Gross Receipts: $304,611,139
Assets and Liabilities:
- Total Assets: $7,527,506,599
- Total Liabilities: $6,635,678,961
- Net Assets: $891,827,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS TO MEMBERS
Revenue
$204,525,207
INTERCHANGE INCOME
Revenue
$27,782,921
SERVICE CHARGES AND FEES
Revenue
$20,972,645
OTHER NON-INTEREST INCOME
Revenue
$7,309,663
INSURANCE COMMISSIONS
Revenue
$6,098,734
Organization Details
Founding Year
1950
Phone
(800) 479-7928Principal Officer
Brett Martinez
Main Address
3033 CLEVELAND AVE 100, SANTA ROSA, CA, 95403
Website
www.redwoodcu.orgNTEE Category
Code: W60 - Public benefit
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