Is Redwood Credit Union insured by the FDIC?

We understand the importance of providing our members with a safe and secure place to keep their hard-earned money. That's why we want to reassure you that Redwood Credit Union is federally insured by the National Credit Union Association (NCUA). As a credit union member, you can rest assured that your money is just as safe as it would be in a bank.

It's important to note that FDIC insurance is a similar but separate federal insurance fund specifically for banks rather than credit unions.

Just like the FDIC, NCUA is a federal agency backed by the full faith and credit of the United States government, which means that your deposits are insured up to $250,000 per depositor, per account ownership category. You can learn more about how to maximize your account coverage with this helpful article.

At RCU, we pride ourselves on being a strong and well-capitalized financial institution. We have a 5-star rating from Bauer Financial and an A+ rating from Weiss Ratings, which means we're financially sound and able to withstand fluctuations in the economy. Our focus is always on the financial well-being of our Members, and we continually strive to provide you with the best possible service and financial products to help you achieve your goals and dreams.