SANTA ROSA, Calif.–Redwood Credit Union has been ranked as 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.
The HealthScore measures credit unions’ financial strength and growth. Glatt Consulting, is an independent firm that studies the financial health of credit unions and which uses 17 performance metrics to calculate its Credit Union Industry HealthScore, including financial and operational strength, growth, asset quality, asset and liability management, and productivity.
“Proven financial strength and stability are essential for any financial institution, and consumers are paying attention to this now more than ever," said Brett Martinez, president & CEO. “As a credit union, our continued strength and growth allow us to support financial wellness for our members and communities in good times and bad.”