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FOR IMMEDIATE RELEASE
February 06, 2009

Redwood Credit Union Welcomes New Executive Vice President/Chief Financial Officer

Wade Painter to Oversee Accounting & Finance, Technology and Risk Management

Santa Rosa, CA – Redwood Credit Union (RCU), the largest credit union in the North Bay, has selected Wade Painter as their new Executive Vice President and Chief Financial Officer. In his new role, Mr. Painter will oversee the Credit Union’s Accounting & Finance areas, Information Technology (IT), Risk Management, Compliance & Internal Audit, Facilities, and Administration & Strategic Planning, and will be instrumental in the development of long-range planning, programs and strategies.

Wade Painter has more than 26 years of experience in credit union accounting, finance, risk management and technology, most recently as Managing Director of Credit Union Consulting Services with RSM McGladrey, the nation’s fifth largest accounting, tax and business consulting firm. He holds a Bachelor’s degree in Business Economics from the University of California Santa Barbara, he attended the University of Chicago Graduate School of Business and is a CPA. Mr. Painter lives in Marin County and volunteers for several local youth community programs.

Founded in 1950, Redwood Credit Union is a full-service financial institution with 15 branch locations throughout the greater North Bay and San Francisco. RCU offers a wide array of value-added products and services for consumers and small businesses, including checking, savings and investments, consumer and real estate loans, free home banking, financial management, retirement planning, and online services including loan applications and free bill pay. The Credit Union also offers insurance products and discount auto purchasing. Redwood Credit Union serves 145,000 Members with approximately $1.8 billion in assets. Membership is open to anyone living or working in eight counties including Sonoma, Marin, San Francisco, Mendocino and Napa. For more information, please call 1 (800) 479-7928 or visit www.redwoodcu.org.

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