# REDWOOD
Santa Rosa, CA · NCUA charter 60793 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/redwood-60793

Who the members are: state charter, organized 1950, low-income designated. 417,354 members of 3,478,450 potential (12.0% of the field); checking penetration 84% (share draft accounts per 100 members); loans per 100 members 67.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $9.95B |
| Members | 417,354 (6.6% YoY) |
| Full-time staff | 940 |
| Net worth | $1.29B |
| Net worth ratio | 13.0% (p82 of band) |
| ROA (annualized) | 1.46% (p92 of band) |
| Total delinquency | 0.69% (p58 of band) |
| Net charge-offs (annualized) | 0.73% (p70 of band) |
| Loans / shares | 95% (p78 of band) |
| Cash / assets | 11.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.61% (p70 of band) |
| Operating expense / assets | 2.43% (p15 of band) |
| Vehicles % of loans | 28% (p55 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 80% |
| Third-party paper % of net worth | 146% (p53 of band) |
| Vehicle delinquency | 0.67% (p57 of band) |
| Vehicle NCO | 0.82% (p39 of band) |
| Repossessed % of vehicle book | 0.00% (p22 of band) |
| Real estate % of loans | 50% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 64% |
| Core shares % of member funds | 40% |
| Certificates % of member funds | 32% |
| Average share balance | $8,811 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $0 |
| Loans outstanding per 100 members | 67% |
| Loans granted per 100 members, annualized | 24% |
| Average loan balance | $29,221 |
| Loans granted, annualized | $2.97B |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $0 outstanding purchased (0.0% of net worth), $729,200 sold and retained. Sold in 4 and bought in 0 of the last 8 quarters. Shares 4.8% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 1 |  |  |
| 2016-09 | 1 |  |  |
| 2016-12 | 2 | net worth falling |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | net worth falling |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 3 | net worth falling, delinquency rising |  |
| 2018-06 | 2 |  | net worth falling |
| 2018-09 | 1 |  | delinquency rising |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 3 | margin squeeze |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 2 |  | margin squeeze |
| 2021-09 | 1 |  | net worth falling |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 1 |  |  |
| 2022-12 | 1 |  |  |
| 2023-03 | 1 |  |  |
| 2023-06 | 2 | leaning on borrowings |  |
| 2023-09 | 2 |  |  |
| 2023-12 | 2 |  |  |
| 2024-03 | 2 |  |  |
| 2024-06 | 2 | delinquency rising | leaning on borrowings |
| 2024-09 | 1 |  | delinquency rising |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | net worth falling |  |
| 2025-06 | 1 |  | net worth falling |
| 2025-09 | 1 |  |  |
| 2025-12 | 1 |  |  |
| 2026-03 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-04-23 [Redwood Credit Union relocates Ukiah branch to modern new site - CUInsight](https://news.google.com/rss/articles/CBMipgFBVV95cUxQQzZmaDVkTy1TRTAwZjA2Q2pVb0ViOVlhdlBlZjNhdnhwOTRrcGw5WnAwVUdvX3hCMThpalJvRGhKaTF1dUh2ZmY2cXdDUW9lYU1yR3Juck9nV1B2WkNwV2J0MkRlbnR1TjdXQ3JFT0szQ3JfMFdGOEhFOFI5bThPdkVyRWJoZUZuTWVUdFJoYUNpRWIxZXZ3Q3VfRzBXVEtmUEZ1bjFB?oc=5) · CUInsight
- 2026-05-11 [Redwood Credit Union re-elects board members - The Press Democrat](https://news.google.com/rss/articles/CBMihgFBVV95cUxQR3gzUElJQUk0bU5lb21pYWtodDJEWGpETFVTNUlwQUlzbmQxOXFUdXNha0xyUkR2anVONUF5NGtpT2IySXhYbk4zaUI3eWs3UFl1c1U1bkxnZlc5bmRIbFEzbXpXR3dDendqdnh6UTF1ZFR3bF83cm90Rk41dmFkYmlHS1dudw?oc=5) · The Press Democrat
- 2026-07-14 [Redwood Credit Union named to 'greatest' Newsweek list - napavalleyregister.com](https://news.google.com/rss/articles/CBMixwFBVV95cUxPeTVCUlItU1ExOUE5NnZadkMwb3l6VWFqSG5VWV9aWmxKQWN2dFpROW03MFpicnFQRzdLMnZlSS1DTC16bHBMdDY4eDM5TS1aZjV0SGhWMk9wZFdFeFRFZk9sRWFQMFB4enc2c0lNWnBXZ01yNXQyanhiUmhPZDZpMjdoNGxyU2F6SncxVEdxWkNYOGxyd3FuYjF5VUd2RTUtUlE2Z0lrOThrVDdSaEhUbnRRajBBQVNwVjhwZkhpMFcwOUFnUUFN?oc=5) · napavalleyregister.com
- 2026-09-02 [Redwood Credit Union Ranks Among Top 25 Bay Area Companies for Corporate Philanthropy - joplinglobe.com](https://news.google.com/rss/articles/CBMilwJBVV95cUxPT3VLNnNkU0JQZnloTUpISE1hSmpuRGpfMFY3YzV4ckZoY3N4NEpmSlFYZHFuakdMM001Qkl5UVVfdkFMd2ZtdGNHYXp2XzRSYUZsTHBHNjBWbUEzczB4YmNTSHZuZGRPaXdjd3BVdDQ2QTB4NzR4MW12Z1hma3VhN1lxWTNGNlNWTEJFdWxVN0k2MF9xT3FCX1RIaGxaRVhzZVRNcjlESkNMWGtUTkptOEpDdUFacUdYZm9QVUNyRTQzSFVGTzYyQTVQSkJiRnp0c20zZmFBQzZwRXRWc3o2V3hzMWs1c0Q5dVlVZXoxaWtRS1ZWSjZXZ3FMd2trNUhHeDZFXy1wVW9wTE1XVkFfeGd4ZDR2ZjA?oc=5) · joplinglobe.com
- 2026-01-21 [Newsweek names Redwood Credit Union one of America’s Best Credit Unions for third year in a row - CUInsight](https://news.google.com/rss/articles/CBMizwFBVV95cUxPTXF5bUo1aGJETFVNNDF4UGF3cURrTWc2Qk1sQ3FiNUJoZkJLZWJOdU5yLUFJdHRRZ3lzSm9Hc3FPRUVrM2lxVWt3X0tMdDNyZ0tWamlkUEtSd0V0UWktdnpFci1UTU1kUUZ6aVZXZUlMbnV3c2VPbXhMNmQ3dmNlbjBnUzcyQ2k2Y0JOdTJ2TEw2bUNVR0hHTXpsaTA4MFJBVm0zUnZDYktjbTY1VGdkUl9hYUEzQWxBeEo5U1hIN05IT2RrRFVTbWtxb3N1Qnc?oc=5) · CUInsight
- 2025-12-08 [Redwood Credit Union donates $100K to Redwood Empire Food Bank - CBS News](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPTEYtQXZBaV9rMnlyeG5LMHk4Z2toUXNhTTdieW1xT1lqb0tPSXdPRkpoQWw2d1R5OXJkWDhpNDZtYW5KY1V3SW8xUC1qc3A4ek1Cb3lOTHp2TTN1T2NGc2FmUmRZS09ibWdBZkxEOEhjQ2pvcllueVJwMzNCLUpLSFM2UGJxWHRRQVhBRWQySndfemlETnU2c2k1d20temhZWmpHTzBYamY?oc=5) · CBS News
- 2025-11-22 [Redwood Credit Union launches doorstep food donation program in Ukiah - The Mendocino Voice](https://news.google.com/rss/articles/CBMiowFBVV95cUxOS2U0MzZDMUwteUFXOTdpWkt4UmZSaWg5ekJZemRlaS1QX1E3RFFKNFFJa3VJZDFHXy1kMklBTG91cmJRTUg1R0FFaVFLX0RicEdnUkVmZkg4RFVfMTdITHFQTjNhYkctVFc4V0lscEd1NDdkQXoxc3BOV3Q3RVY5VGVfY2V5VkpzOEFEOHBlTlJTQmp0Mk92Z1ExWllucTRMNEZF?oc=5) · The Mendocino Voice
- 2026-09-04 [Renee Ann Rayhill Obituary - The Press Democrat](https://news.google.com/rss/articles/CBMifkFVX3lxTE5RQ2Y4WVB2R2lsTUZuM01xTmphQzFZWkpuS19xUjRtQ0J4NU4zMTBKanpBZ0lvNk0xME11dGYyblUybU0wQlZNV0xfWDJMWVltaXNKZ0FuWGVLWmVwbWtURWJsb1dOR2VYcDFEbjhsT1hLSGhiOWdLT0xQTXVEdw?oc=5) · The Press Democrat

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60793 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/57.json (key "60793", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=60793
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide