We’re a Credit Union, Not a Bank
We’re a credit union, not a bank. While we do offer the full spectrum of banking services available at other financial institutions, we are member-owned. When you open a savings account, your $5.00 deposit buys you one share in the credit union. That makes you an equal owner of this financial institution along with all our other members.
We’ve been a cooperative since 1937. That means any money we earn goes back to our members, not into the pockets of stockholders like a bank. For more than 80 years, we’ve held the traditions of credit unions near and dear to our hearts. We are not for profit, but for people.
Yes, we have 11 branches spread across Washington and Oregon. We even have members living in all 50 states. But Red Canoe is still a local credit union at its core. For us, being local means an ongoing commitment to go beyond serving our members and giving back to the communities we call home. At Red Canoe, we strive to make a difference in the lives of our neighbors. Check out our Community Giving page to learn more.
We Operate in the 21st Century
If you’re looking for eco-friendly eStatements, a full array of Online Banking Services, and the ability to access your account information from anywhere using Touch ID and the Red Canoe app, then you’ve come to the right place. Our digital services allow you to access and manage your money 24 hours a day, 7 days a week.
We’ll Save You Money
Because we’re owned by our members, we’re always finding new ways to save you money. At Red Canoe, our goal is to find you the best deal – not to make record profits. As a member, you’re an equal owner of the credit union. That means lower rates, better service, and, ultimately, more money put back in your pocket!
It pays to bank with Red Canoe. From our Simply Smart Checking Accounts to our incredible loan rates, we’re devoted to bringing you the best value and the best service in the financial industry. We’re federally insured, just like a bank. But as a credit union, we’re focused on making every one of our members – not a handful of stockholders – happy.
Red Canoe Credit Union membership is open to anyone who:
- Lives, works, worships, or attends school in the State of Washington.
- Lives or works in the Oregon counties of Linn, Benton, Lane, Marion and Polk.
- Is a family member of someone meeting one of the requirements listed above.
Federally Insured Deposits
Your deposits are federally insured up to at least $250,000 per individual depositor by the National Credit Union Administration. Credit union members have never lost a penny of insured savings at a federally insured credit union. Additional information on NCUA share insurance coverage for is available at MyCreditUnion.gov.