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Message From the Audit & Enterprise Risk Committee

Lisa Schaffner, Committee Chair

While 2020 posed significant challenges to our economy and to us as human beings, it is my pleasure to report that Redwood Credit Union continues to deliver strong financial performance, thanks to the vision and dedication of your Credit Union’s leadership team, and the loyalty and participation of our Members

The fact that Redwood Credit Union continues to be financially strong and stable was determined by an annual audit conducted by an independent certified public accounting firm. Our industry regulator, the National Credit Union Administration, and our state regulator, the Department of Financial Protection and Innovation, also confirmed these findings in their 2020 audit. And Bauer Financial once again gave RCU its highest 5-star rating for financial strength.

The strong results from Redwood Credit Union’s 2020 audits are particularly significant during a year of economic challenge for many, further confirming that RCU maintains a solid and responsible core business model, allowing the Credit Union to continue to provide dependable, quality service to our Members.

Signature

Lisa Wittke Schaffner
Audit & Enterprise Risk Committee Chair

Forbes 2020 Best-in-State

Honored to be Recognized

Here are just a few of the awards and recognitions we received in 2020:

  • 2020 Best-in-State Credit Union — Forbes
  • Top Credit Union PPP Lender in California — S&P Global Market Intelligence
  • Top 5 healthiest credit unions in the U.S. by Glatt Consulting’s HealthScore (7th consecutive year)
  • Best Credit Union – multiple local publications
  • Community Philanthropy Award – North Bay Business Journal
  • Best Place to Work (15th consecutive year) –
    North Bay Business Journal