Redwood Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 941244186 ✦ Santa rosa, CA ✦ Designated as a 501(c)(14)

Overview

What is Redwood Credit Union?

Redwood Credit Union, based in Santa Rosa, California, is a cooperative financial institution committed to offering affordable financial services to its member-owners. With a team of 891 employees, the union's primary mission is to provide a diverse range of financial products and services, putting the best interests of its members at heart. The organization's description underscores its dedication to serving all financial needs of its members, emphasizing the passion it holds for its members, employees, and the communities it serves.


Official website here: www.redwoodcu.org

Is Redwood Credit Union legitimate?

Redwood Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Redwood Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $9,708,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $58,740,070

For more financial information, click here


Official website here: www.redwoodcu.org

What is the mission statement of Redwood Credit Union?

Redwood Credit Union prioritizes serving the best interests of its members, employees, and communities. The cooperative organization is dedicated to providing a comprehensive range of financial products and services to meet the needs of its members. With a passion for putting members first, Redwood Credit Union offers low-cost financial solutions to help its member-owners achieve their financial goals. The credit union's commitment extends beyond just financial services, as it strives to make a positive impact on the lives of its members and the wider community.


Official website here: www.redwoodcu.org

Who is the CEO of Redwood Credit Union?

Brett Martinez is the President/Ceo of Redwood Credit Union. The CEO's salary of Redwood Credit Union is $1,436,480 and their total compensation is $1,808,030.


Official website here: www.redwoodcu.org

What is the revenue of Redwood Credit Union?

Redwood Credit Union's revenue in 2022 was $304,586,101.


Official website here: www.redwoodcu.org

Who are the executives of Redwood Credit Union and what are their salaries?

The average compensation at Redwood Credit Union during 2022 was $76,823. There are 891 employees and 11 volunteers at Redwood Credit Union.

Here are 31 key members and their salaries (Redwood Credit Union's CEO's salary is $1,436,480 and their total compensation is $1,808,030):

    Brett Martinez (President/Ceo)
  • Compensation: $1,436,480
  • Related: $0
  • Other: $371,550

    • Cynthia Negri (Chief Admin Officer)
  • Compensation: $806,116
  • Related: $0
  • Other: $187,758

    • Ronald Felder (Chief Financial Officer)
  • Compensation: $673,383
  • Related: $0
  • Other: $173,238

    • Anthony E Hildesheim (Chief Operating Officer)
  • Compensation: $670,029
  • Related: $0
  • Other: $163,287

    • Michael Defazio (Financial Advisor)
  • Compensation: $789,697
  • Related: $0
  • Other: $9,150

    • Todd N Lindemann (Svp Payments)
  • Compensation: $524,585
  • Related: $0
  • Other: $79,754

    • Kristina Derkos (Svp People)
  • Compensation: $444,258
  • Related: $0
  • Other: $106,796

    • Julie Nix (Financial Advisor)
  • Compensation: $526,431
  • Related: $0
  • Other: $18,010

    • Dianna Berthinier (Svp/Business Services)
  • Compensation: $448,505
  • Related: $0
  • Other: $85,153

    • Mishel Kaufman (Chief Admin & Risk Officer)
  • Compensation: $417,233
  • Related: $0
  • Other: $97,213

    • Thomas Hubert (Svp/Auto, Insurance & Weath Services)
  • Compensation: $411,201
  • Related: $0
  • Other: $93,839

    • Michelle Anderson (Chief Lending Officer)
  • Compensation: $434,487
  • Related: $0
  • Other: $67,480

    • Theresa Mitchell (External Mortgage Loan Officer)
  • Compensation: $463,517
  • Related: $0
  • Other: $18,151

    • Deidre Holmes Thompson (Svp/ Member Experience)
  • Compensation: $352,593
  • Related: $0
  • Other: $70,166

    • Clark R Matthiessen (Financial Advisor)
  • Compensation: $393,882
  • Related: $0
  • Other: $17,284

    • Aaron Collier (Svp It)
  • Compensation: $314,629
  • Related: $0
  • Other: $79,166

    • Kristien Mahlmann (Svp/ Accounting & Finance)
  • Compensation: $300,157
  • Related: $0
  • Other: $70,369

    • Scott Dykstra (Sr Sba/ Comm Lo)
  • Compensation: $325,802
  • Related: $0
  • Other: $21,911

    • Sheila O'Neil (External Mortgage Loan Officer)
  • Compensation: $311,504
  • Related: $0
  • Other: $16,134

    • Joseph Turfa (Financial Advisor)
  • Compensation: $311,094
  • Related: $0
  • Other: $11,402

    • Rob Eyler (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Olmsted (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Debra Watts (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lisa Wittke Schaffner (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Judy Herrerias-James (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • M Christina Rivera (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Mcguirk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rod Dole (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Gouin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeri Hansen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gerardo Martin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.redwoodcu.org

    Where can I find the form 990 for Redwood Credit Union?

    The Redwood Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.redwoodcu.org

    Learn more at the official website: www.redwoodcu.org

    Mission Statement of Redwood Credit Union

    Redwood Credit Union, with its passion for serving, dedicates itself to the best interests of its members, employees, and communities. Acting as a cooperative organization, it caters to the diverse financial needs of its members by offering a range of affordable financial products and services. Redwood Credit Union's mission is multifaceted; it not only focuses on providing essential banking solutions but also goes the extra mile in ensuring the welfare of its members. By putting their needs first, the Union fosters a strong sense of loyalty and trust within its community. With a commitment to excellence, Redwood Credit Union strives to make a positive impact on the lives of its members.

    Founded on the principles of cooperation, Redwood Credit Union is more than just a financial institution. It is a community of like-minded individuals, all working towards the common goal of financial security and growth. The Union's members can count on it to be there for them, offering personalized solutions tailored to their unique financial circumstances. Redwood Credit Union's team of dedicated professionals is always ready to lend a helping hand, providing expert advice and guidance to help members make informed decisions about their money. By focusing on the needs of its members, Redwood Credit Union sets itself apart as a trusted and reliable financial partner.

    In conclusion, Redwood Credit Union is more than just a financial provider; it is a dedicated and compassionate organization that puts its members' needs first. Through its wide range of financial products and services, Redwood Credit Union empowers its members to take control of their finances and build a strong financial future. By passionately serving the best interests of its members, Redwood Credit Union fosters a sense of loyalty and trust within its community, making it an essential and valued partner for those it serves.

    Impact

    This information is meant to be a general summary of Redwood Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Redwood Credit Union has a significant impact by providing low-cost financial products and services to its members in Santa Rosa, CA. As a cooperative organization, Redwood Credit Union passionately serves the best interests of its members, employees, and communities. By meeting all of its members' financial service needs, Redwood Credit Union plays a crucial role in enhancing financial well-being and fostering economic stability in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $36,935,424
  • Program Service Revenue: $267,576,429
  • Gross Receipts: $304,611,139

    • Assets and Liabilities:
  • Total Assets: $7,527,506,599
  • Total Liabilities: $6,635,678,961
  • Net Assets: $891,827,638
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS TO MEMBERS

    Revenue

    $204,525,207

    INTERCHANGE INCOME

    Revenue

    $27,782,921

    SERVICE CHARGES AND FEES

    Revenue

    $20,972,645

    OTHER NON-INTEREST INCOME

    Revenue

    $7,309,663

    INSURANCE COMMISSIONS

    Revenue

    $6,098,734

    Organization Details

    Founding Year

    1950

    Principal Officer

    Brett Martinez

    Main Address

    3033 CLEVELAND AVE 100, SANTA ROSA, CA, 95403

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Redwood Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.