Bump up your rate!
Open a savings certificate and get a free one-time rate increase if rates go up.
For all that you love (scheduled 2)
Redwood Credit Union offers a variety of products and services that are designed with one thing in mind—you. RCU is here to help you on your financial journey every step of the way. Love where you bank.
Featured products and services
Current rates
3/1 ARM Mortgage
as low as%RATE%APR
Auto Loan
as low as%APR
Certificates w/active checking
earn up to%APY
What's new
Achieve your financial goals
Whatever your financial goals are, RCU is here to help with free resources to get your planning started.
Built on love
RCU serves over 360,000 of your friends, family, and neighbors. See what they have to say.
Love my credit union. Great mortgage products, numerous locations, easy phone banking, great online services.
$4.1 Million Donated
Through sponsorships, grants, fundraising, and volunteer hours.
$201.2 Million to Businesses
Since 2020, RCU has funded 3,882 PPP loans. So far, $197.9M of those loans have been forgiven and returned to businesses.
309,391 Lives Impacted
Through grantmaking to organizations throughout our communities.
Achieve your goals and dreams–it’s possible.
We’ll be by your side with banking, lending, and financial advice, for all that you love.
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1 Rates are effective April 23, 2024 and are subject to change without notice. APY=Annual Percentage Yield. Certificate Yields assume dividends remain in account until maturity; penalty imposed for early withdrawal. Fees may reduce earnings. In order to open and maintain this certificate, you must have an active checking account at RCU. Active checking is defined as a checking account having 3 or more transactions per month (excluding telephone teller or dividend posting transactions).
2Rates effective April 23, 2024. All rates, terms, and special offers subject to change. Certain restrictions apply. For cash advances at a non-RCU location, the greater of 2% of the advance or $20 will be charged. Cash advance transactions and balance transfers are excluded from earning points.
3Rates are effective April 23, 2024 and are subject to change without notice. Certain restrictions may apply. Maximum Combined Loan to Value (CLTV) for above rates is 95%. Maximum Combined Loan to Value for investment (non owner occupied) is 80%. Rates and max CLTV assumes property is a single unit, primary residence, non-manufactured home. RCU mortgages are available on CA properties only. ARM rates are subject to periodic adjustment after loan closing, per the terms of the note. Calculate Rates & Payments Payment examples provided do not include taxes or insurance, actual amounts may be greater. Non-Closing cost product requires a minimum balance of $200,000, and includes a potential savings of $2,600 in closing costs.
4Rates are effective April 23, 2024 and are subject to change without notice. Certain restrictions may apply. New autos are defined as vehicles with less than 1,000 miles and may be financed up to 125% MSRP, depending on credit history. Used autos must be 15 years old or newer and may be financed up to 125% KBB value, depending on credit history and collateral condition. Calculate Rates & Payments
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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