Blog Details

News & Notes

Timely Tip: What Should I Do With My Tax Refund?

Mar 20, 2017
Tax Time icon

A tax refund can be a welcome financial windfall. Consider these unique ways to take advantage of the extra money in your pocket.


Don’t get a refund

According to financial expert Jean Chatzky, you may want to “get rid of the refund.” In other words, if you receive a refund, you’re likely paying too much in taxes throughout the year and essentially giving the government an interest-free loan. Consider using that money to increase your retirement contributions throughout the year. For example, if you receive a $1200 refund, increase your 401(k) contributions by $100 a month.


Invest in your home without tapping its equity

Dreaming about solar panels? Your tax refund can be a great way to invest in solar, which will increase your home’s worth and lower your electricity cost. RCU offers low-rate, flexible term solar loans for the purchase and installation of solar panels for your home. Click here to learn more.


Donate to charity

While you may love to give, donating to charities and nonprofits might not work for your budget. Your tax refund is an excellent way to support organizations that need your help. To find a list of reputable charities, visit,, or


For additional ideas on how to make your tax refund work for you, contact RCU’s Investment and Wealth Management* team, available through CUSO Financial Services L.P., at 1 (800) 479-7928, ext. 65040 or online.


 *Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.
  • Financial Tips

Join RCU Today

RCU Logo


Get started now

Join Now 

If you're interested in opening a Business, Trust, or other type of account, please visit your nearest branch.

Redwood Credit Union serves anyone living, working or owning a business in California’s Northern Bay Area, which includes the counties of Sonoma, Marin, Napa, Mendocino, Lake, San Francisco, Contra Costa and Solano. We look forward to serving you!

Choose Account Type

RCU Logo


Choose the Type of Account You Wish to Open

Personal       Youth


If you're interested in opening a Business, Trust, or other type of account, please visit your nearest branch.

Login Help

Need Help Logging in to RCU Online?

If you’ve forgotten your RCU Online banking Username, password, or other login information, follow the directions below to get help now.

Sign up today for RCU Online banking.

enroll now

Still need help?

Contact our Member Service Center at 1 (800) 479-7928, Monday through Friday from 7am to 8pm or Saturday from 8am to 5pm PST.