Save money for special purchases
Open a separate savings account for special purchases that won't use funds from your regular or emergency accounts.
Estimate your savings
Final Balance
Contributions: | Earnings:-
1
Apply online
It takes just minutes. If you aren’t already a Member, have your Social Security number and driver’s license or ID card handy.
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2
Deposit money
Move money into your new account so you can start using it.
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3
Manage your money online
Easily manage your money with online and mobile banking.
Build Your Own Savings
Save for purchases without drawing from your regular or emergency savings
Open a separate savings account, so you can save for special purchases even faster without impacting your rainy day fund.
Your hard-earned money is safe
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Received Bauer Financial's 5-star Superior rating for strength based on financial data as of June 30, 2023.
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Rated #1 healthiest credit union in California according to Glatt Consulting’s 2023 Credit Union Industry HealthScore
Why Choose RCU?
At RCU, we’re passionate about helping our Members improve their lives. If you want a credit union that keeps your unique needs in mind and helps you envision and manage your financial future, the friendly experts at RCU are here for you.
Named one of America’s Best Credit Unions by Newsweek
Recognized by Forbes as one of America’s Best Small Employers 2023
I have been banking with Redwood Credit Union for 26 years. I have always been happy with RCU and would never think of changing banks.
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Save money for special purchases
Launch your savings plan with a separate savings account so that you can save for special purchases without committing to funds from the rest of your monthly budget.
Rates
All Highlights
Save for anything
No matter your need or want, use a Build Your Own Savings account to save up for special purchases without taking from your regular or emergency savings.
$5 minimum balance to open
Saving toward your goals doesn’t have to cost a fortune. You can open a Build Your Own Savings account with just $5.
No monthly service charge
A savings account is supposed to help you save, not cost you more. We never add monthly service charges, so you can save more money toward your goals.
Earn dividends on your savings
Let your money earn you more money. Start earning dividends with as little as $100 in your account.
Dividends compounded and paid quarterly
Make your money work as hard as you do. Reach financial goals even quicker with dividends compounded and paid on a quarterly basis.
Federally insured
Redwood Credit Union's accounts are federally insured up to $250,000 by the NCUA for a minimum of $250,000.
Custom savings online application
Already have an RCU account?
(We’ll pre-fill your application)
New to RCU?
Eligibility
You can become a Member of RCU if you meet any of the following criteria:
- You live, work or own a business in the counties of Sonoma, Marin, Napa, Mendocino, Lake, San Francisco, Solano, or Contra Costa.
- You are an immediate family member of a current RCU Member.
- You work for a designated Select Employer Group.
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.
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