Redwood Credit Union ranked among top 5 healthiest in country

Santa Rosa-based Redwood Credit Union reported it has been rated among the top five healthiest credit unions in the nation by the independent firm, Glatt Consulting.

The credit union has also recently been ranked the sixth best performing credit union in the nation by S&P Global Market Intelligence, and one of the top business lenders in volume by BauerFinancial, Inc.

The announcement stated that Glatt Consulting is an independent firm that studies the financial health of credit unions. In reviewing information from nearly 6,000 credit unions, Glatt used 17 performance metrics to calculate its Credit Union HealthScore, including financial and operational strength and growth, asset quality, asset/liability management, and productivity. It is the only credit union to have been ranked in the top five in each of the last three years, the credit union stated.

S&P Global Market Intelligence ranked Redwood Credit Union 6th best performing credit union in the nation based on 2016 metrics. The ranking was based on member growth, market growth, operating expenses, net charge-offs, and delinquent loans as a percentage of total loans.

BauerFinancial, Inc., an independent organization who reports and analyzes the performance of U.S. credit unions and banks, rated Redwood Credit Union a five-star institution for financial strength—its highest designation.

'Financial strength and stability is critical for any financial institution, and as a credit union, our continued growth allows us to return even greater value to our members and community, and further help them succeed,' stated Brett Martinez, president & CEO.

Founded in 1950, RCU reports it has more than $3.5 billion in assets and serves over 285,000 members with branches from San Francisco to Ukiah.