Home
Contents
Explore
Search

Northern Redwood Credit Union

Overview
Back to Top

Northern Redwood Credit Union is a federal credit union based in Arcata, California. It has been opened since 1955, for 65 years.

With around $20,050,000 in assets, Northern Redwood Credit Union is considered to be a medium size credit union. It has 1 branches and 1 ATM locations.

About
Address 1270 Giuntoli Lane
Arcata, California 95521
Website http://northernredwoodfcu.org
Phone (707) 822-5902
Fax (707) 822-8818
CEO Jenna L. Cardoza
President of the Board Sandra Hanks
Services Offered
Map
Back to Top
Score Card
Back to Top
65 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
2,594 members
Membership type: Community credit union
Average number of members
432:1
Credit union member to staff ratio
432 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$20,051,288
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 5 in California
Average number of branches
0.11%
Savings interest rate
Compared to 0.3% nationally
13.60%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
1 branch
Compared with an average of 4 nationally and 5 in California
Average number of branches
Northern Redwood Credit Union Branch Locations

Northern Redwood Credit Union: Main Office
1270 Giuntoli Lane
Arcata, California 95521
ATM Available
Members
Back to Top
2,594 members
Membership type: Community credit union
Average number of members

With 2,594 members, the Northern Redwood Credit Union is considered to be a medium size credit union. It is larger than 41% of credit unions.

Fees
Back to Top
$98
Average fee per member
The average fee per member at the Northern Redwood Credit Union is $98, which is very high compared to most credit unions. This rate is higher than 84% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Northern Redwood Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
432:1
Credit union member to staff ratio
432 per each FTE employee
Compared to 411:1 nationally
Fewer staff
6 staff members
FTE (full-time equivalent)
0% of employees are part-time
6 full-time, 0 part-time

Northern Redwood Credit Union has 6 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Northern Redwood Credit Union has around 432 members per staff, a higher ratio compared to other credit unions.

Assets
Back to Top
$20,051,288
Total assets
Below average
Net worth
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
8.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
Back to Top
$11,743
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 62% of credit unions.

Northern Redwood Credit Union holds a total of $14,440,000 in loans and leases, which is about $11,743 per member on average.

Savings interest rate
Back to Top
0.11%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Northern Redwood Credit Union pays 0.11%.

Loan rates
Back to Top
13.60%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.10%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.26%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
4.14%
New car loan rate
Compared to 4.0% nationally
5.93%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
5.79%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
Downey Credit Union
Location
Downey, California
Members
16,433
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
8.42%
Read More
Northern California Latvian Credit Union
Location
San Francisco, California
Members
157
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Compass Community Credit Union
Location
Eureka, California
Members
5,563
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
13.90%
Read More
Families And Schools Together Credit Union
Location
Hanford, California
Members
16,102
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
8.93%
Read More
Desert Communities Credit Union
Location
Needles, California
Members
3,179
Assets
Net Worth Classification
Undercapitalized
Average Fee
Credit Card Loan Interest Rate
11.23%
Read More
Media City Credit Union
Location
Burbank, California
Members
2500
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
8.95%
Read More