Fresh Today

Fresh Today

SANTA ROSA, Calif.–Redwood Credit Union announced the RCU Community Fund is providing nearly $7 million in grants from the North Bay Fire Relief Fund to 56 nonprofits supporting the immediate needs of victims of North Bay fires—an event that devastated the region and community after the fires erupted on Oct. 8, 2017.

WASHINGTON–A letter to NCUA Chairman J. Mark McWatters from Senate Finance Committee Chairman Orrin Hatch (R-UT) that questions the validity of the credit unions' federal tax exemption has drawn responses from both credit unions and bank groups alike, with the latter saying it’s pleased to see someone challenging what it called the “credit union power grab.”