A Message from RCU’s President
& CEO Brett Martinez
What It Means to Be a Healthy Credit Union
Redwood Credit Union has been recognized as the healthiest credit union of over 6,000 credit unions nationwide based on 2014 yearend results. “Healthiest” in this context is not about physical health (though we do support wellness programs for our employees); we were named healthiest credit union because we received the top score based on 11 criteria of financial strength and Member relationships, according to Glatt Consulting’s “Credit Union Industry HealthScore.” What this means is we are working hard to maintain a strong financial position and help you succeed.
This is significant because when we are financially healthy, we are able to return more value to our Members. For example, RCU’s Visa credit card was recently named among the top 10 credit union credit cards in the country, based on our low rates, fewer fees and free Member rewards program. A study by the Credit Union National Association found RCU returned more than $24 million to our Members last year through higher savings yields, lower loan rates and fewer and lower fees for services.
We invest in our Members by providing affordable solutions for all your financial needs. This extends beyond everyday banking to include home and auto loans, business banking and lending, investments and retirement planning, insurance coverage and more. And we listen to your feedback and respond by continually using your suggestions to make improvements to our services and technology so you can access your accounts more conveniently.
Our strength is a direct result of the great relationships we have with our loyal Members. In turn, your participation—by using RCU for all your financial needs— helps us maintain a healthy cooperative so we can continue to benefit all Members.
Because of you, RCU ended 2014 in the best financial position of our 65-year history. I encourage you to learn more about RCU’s exceptional performance by reviewing our Annual Report, available on our website at redwoodcu.org/annualreport.
Thank you for your continued support and for allowing Redwood Credit Union to serve your financial needs.
President & CEO