Down Payment Assistance - Redwood Credit Union (2024)

FAQs

What services does Redwood Credit Union offer? ›

We provide a wide range of services to support all of your financial needs—from basic banking services like checking and savings accounts, to credit cards, and more.

Redwood Credit Union allows you to withdraw up to $800 per day from the ATM.

Once a recipient claims their funds, transfers are generally completed within 1 business day or less, but may take up to 3 business days.

We're Member-owned

As Member-owned cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates.

FICO (credit) score – a credit report will be pulled during the application process which will help us identify your credit score, any current obligations or liabilities (debts), and any collections or judgments.

Yes, you can put millions in a credit union. Credit unions are capable of handling large deposits and offer various financial products.

Credit limits for credit union credit cards are often lower than the limits that traditional banks offer, at least when you first open the card. Your limit should increase, though, once the credit union you're banking with sees that you are able to make your payments on time.

Overdraft Pay Advantage (OPA)

This optional program provides a safety net for occasions when you don't have enough funds to pay for a transaction—we'll cover the payment to ensure it goes through.

You can send, request, or receive money with Zelle. To get started, log into Redwood Capital Bank's mobile app and select “Send Money with Zelle^®”. Enter your email address or U.S. mobile phone number, receive a one-time verification code, enter it, accept terms and conditions, and you're finished.

Does RCU offer Zelle? ›

Royal Credit Union checking accounts can be used to send or receive funds using many person-to-person apps, including Zelle and Venmo.

Redwood Credit Union allows you to withdraw up to $800 per day from the ATM. Members can temporarily increase their ATM withdrawal limit up to $2,500 through mobile or online banking. Limits above $800.00 are good for three days, limits below $800.00 are permanent until changed.

Santa Rosa, CA – Redwood Credit Union has recently been ranked the healthiest credit union in California and sixth healthiest in the nation among large credit unions as of June 30, 2023, according to Glatt Consulting's credit union industry HealthScore, which measures credit unions' financial strength and growth.

OneUnited is the largest Black-owned bank in the U.S. It is also FDIC insured and initially launched in 1968. How do I find out if my bank is Black owned? Call and ask. It's as simple as that.

No monthly fees. No minimum balance requirements.

Each has some special features: ​Banks emphasize business and consumer accounts, and many provide trust services. Credit unions emphasize consumer deposit and loan services. ​Savings institutions emphasize real estate financing.

Both credit unions and banks offer a range of financial products and services, including checking accounts, savings accounts, loans, mortgages, and credit cards. However, there can be variations in the specific offerings and terms.

Redwood Bank wins the "Best Business Account Provider" and "Best Charity Notice Account Provider" at the Savings Champion Awards. The Bank was also named "Best Variable Rate Business Savings Provider" at the Moneynet Personal Finance Awards.