Personal Lines of Credit: The money you need-when you need it the most.

Personal Lines of Credit

With a personal line of credit, get fast and easy access to cash to finance big projects or simply be prepared for life’s many expenses.

Benefits include:

  • Low, fixed rates
  • No annual fees
  • Ability to draw on funds as needed
  • Generous credit limits up to $50,000
  • Borrow only what you need, with no collateral required
  • No set terms – allowing you to use funds and repay as often as you wish

Use your personal line of credit to:

Act as overdraft protection.

If you’re short on funds when paying bills, writing checks, or using your debit card, you can use your personal line of credit to cover the transaction – preventing you from declined payments or “bounced” checks. Funds are advanced in $100 increments.

Learn More >

Consolidate debt.

Pay off other high-rate debts to save money on interest and simplify your life by reducing your number of monthly payments.

Finance projects or plans.

Improve your home, cover wedding expenses, plan the vacation of your dreams, and so much more.

Prepare for the unexpected.

Stress less when you have a personal line of credit available to handle vehicle repairs, medical and veterinary bills, or other financial surprises.

We make the process easy!

Apply Online

Apply online in 10 minutes or less.

Sign Your Documents

We will send you the loan documents to sign electronically.

Access Your Funds

Once your documents are signed, you’ll have full access to your funds! Link to your free RCU checking account to easily access your funds.

Get Started

arrow iconLooking to close out an existing line of credit at another financial institution?

We recommend applying for an RCU signature loan. This way, you'll enjoy the peace of mind that a fixed payment brings, and the convenience of having all your loans in one place. If you'd like more information, or would like a personalized recommendation from one of our specialists, call 1 (800) 479-7928.

Rates starting at 9.49% APR and effective 07/21/2021. All rates, terms, and special offers subject to change. Certain restrictions may apply.

Join RCU Today

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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

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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.

New Website Coming Soon!

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TT Advisors: Dylan Carey

About Dylan Carey

Serving Members Since 2016

Dylan Carey joined Redwood Credit Union in 2016 as a Financial Analyst and made the transition to Financial Advisor in 2021. He has always had a passion for economics and the capital markets which is why he earned a Bachelor of Science in Finance from Sonoma State University.

Dylan’s strong analytical and communication skills allow him to effectively connect Members’ financial goals to their investments. “My goal in every meeting is to identify unnecessary expenses, increase earnings, and build an investment portfolio that fits the Member’s risk tolerance. Members should leave our meeting feeling calm and confident about the long-term plan we’ve implemented to help reach their goals.”.

One of my favorite investment quotes is: “Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn't, pays it.”
– Albert Einstein

FINRA Licenses: Series 7, 66 - Life Insurance License: CA # 4035950
State Securities Licenses: CA, TN

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.

PPP Forgiveness Application Deadline

Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:

  • PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
  • RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
  • Your correct deadline will be reflected in your online banking account.

If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.

Start A New Application

Redwood Credit Union makes applying for a line of credit fast and simple.

New to RCU?

Apply today and enjoy the benefits of an RCU line of credit!

Already a Member?

Log on to RCU Online Banking – your application will be prefilled!

Not signed up for RCU Online Banking? Enroll now.

Health and Wellness Programs

All employees are eligible for 8 individual counseling sessions at no cost.

401(k) Plans

100% match up to 5% of the salary contributed, fully vested over 5 years.

Second Checklist

Here is a list of some of the things you will need to apply for a second mortgage.

1. Your current residence address, or addresses, for the past two years.

2. Social security numbers for all borrowers.

 

Refinance Checklist

Based upon the type of refinance you are doing, some, or even most of the items on this checklist may not be necessary.

  • Your current residence address, or addresses, for the past two years.
  • Social security numbers for all borrowers.
  • Your employment history for the past two years. You'll need your employer(s) name, address and phone number.
  • Income information for all borrowers. You'll be asked to include salary, overtime, bonuses, commissions, interest/dividend, retirement income and any other regular source of income.
  • The year you purchased the property being refinanced, its original cost, current loan balance and payment amount.
  • Bank and brokerage account information, including the institution name and current balances.
  • If you own any real estate (other than the property you're refinancing), we'll have some basic questions including, address, current market value, the amount you owe, the amount of rental income you receive (if any), and what your monthly payment is.
  • Information about your current debts. We'll ask for the name of the creditor, the account number, the current balance owing and the amount of your monthly payment.

 

Purchase Checklist

Here is a list of some of the things you will need to make it easier to complete your application when you're applying for a loan to purchase a home.

  • Your current residence address, or addresses, for the past two years.
  • Social security numbers for all borrowers.
  • Your employment history for the past two years. You'll need your employer(s) name, address and phone number.
  • Income information for all borrowers. You'll be asked to include salary, overtime, bonuses, commissions, interest/dividend, retirement income and any other regular source of income.
  • The price of the home you are buying, and how much you'd like to borrow toward the purchase.
  • The address of the property you are planning to purchase.
  • Bank and brokerage account information, including the institution name and current balances.
  • If you own any real estate, we'll have some basic questions including, address, current market value, the amount you owe, the rental income you receive (if any), and what your monthly payment is.
  • Information about your current debts. We'll ask for the name of the creditor, the account number, the current balance owing and the amount of your monthly payment.

 

How Does an ARM Work?

Vehicle Loans

Mail:
Redwood Credit Union
PO Box 6104
Santa Rosa, CA 95406
ELT #U94

Fax: 1 (877) 716-4692

Email: proofofinsurance@redwoodcu.org

First Mortgages

Mail:
Redwood Credit Union
ISAOA
PO Box 961292
Fort Worth, TX 76161-0292

Fax: 1 (855) 640-4865

Email: insurancedocs@ihaveinsurance.com

Second Mortgages

Mail:
Redwood Credit Union
PO Box 6104
Santa Rosa, CA 95406

Fax: 1 (877) 716-4692

Email: proofofinsurance@redwoodcu.org

What is an Insurance Policy Declaration?

Your insurance policy declaration is the front page (or pages) of your insurance policy that includes your personal information, details about the insured home or vehicle, policy limits, deductibles, and other key information that varies from insured to insured. Your declarations page should also show Redwood Credit Union listed as a lien holder or loss payee. You may be able to obtain a PDF through your insurance carrier’s website if you have an online account. You can also scan or photograph a paper copy, or you can ask your agent to send you a copy.

2021 PPP Loans Video

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