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Featured
Rates & Yields
Please
visit www.redwoodcu.org
for a complete listing of rates and yields.
HOT
RATE!
5/1
ARM FIRST MORTGAGE LOAN 5.75%
(fixed for an initial term of 5 years, thereafter interest
rate adjusts annually)
AUTO
LOANS
New/Certified Used: 5.69% APR: 60 Months
Used: 5.79% APR: 60 Months
Ask
about refinancing your current auto loan!
PERSONAL
LINE OF CREDIT
$500 to $50,000 for up to 84 Months: 10.99% APR
HOME
LOANS
HELOC Fixed for the first 3 years at 5.50%!
(fixed for an initial term of 3 years,
thereafter interest rate adjusts annually)
SAVINGS/INVESTMENTS
Balance Money Market: Yields from 1.55% to 2.35% APY
Perfect for Members who keep more than $2,500 in
their Money Market with an active checking account!
Looking
for Your Member Number?
We
have revised our monthly newsletter contest! Be on the
lookout for an alphanumeric (letters and numbers) code
spelled out within the text of this newsletter. Then,
log into RCU Online at www.redwoodcu.org
and click on Newsletter Code to see if you’re
this month’s $50 winner! Not an RCU Online
user? Sign up today! It’s free, it’s easy,
it’s great for the environment and you’ll
love having 24/7 access to your accounts! 
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Bridget
Dempsey
Insurance Services Manager |
What
kind of insurance does RCU offer?
RCU is pleased to offer our Members insurance through RCU
Insurance Services (RCUIS). RCUIS offers insurance for
home, auto, renters, umbrella, business, and more! Multi policy
and good driver discounts are available with most carriers.
Are
these RCU programs?
RCUIS collaborates with highly rated insurance companies,
giving you the peace of mind that comes from working with
companies that have solid financial backgrounds and experience.
RCUIS shops several major insurance carriers in order to find
the best rate for your situation. Because we do the shopping
for you, you can feel assured that you are getting the ideal
insurance coverage at an affordable price.
How
much does it cost?
Everyone’s insurance needs are different so your costs
will vary but currently we find our Members save an
average of $498 when they switch to RCUIS. There’s
NO COST and NO OBLIGATION to get an insurance quote –
simply call toll free 1 (866)
477-4225, local 1 (707) 576-5120 or visit
www.redwoodcu.org.
RCU Volunteer
Officials
The following
dedicated individuals serve as your Credit Union’s volunteer
Officials. Those noted in green were elected at our Annual
Membership Meeting in April 2008:
Board
of Directors
Greg McGuirk, Chair
Robert Steele, Vice Chair
Jim Olmsted, Secretary
Debbie Watts, Treasurer
Rod Dole
June Funk
Dave Imoto
Kathy Sowers
Robert Wieck |
Supervisory
Committee
Martin Grove, Chair
Krishna Kumar, Secretary
Lou Funk
David Gouin
Steve Sharpe |
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Locations:
Cloverdale 
Napa
Novato
Petaluma
Point Arena
Rohnert Park
San Francisco
San Rafael
Santa Rosa
Ukiah
Windsor |
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| Member
Service Center: 1 (800) 479-7928 • 1 (707) 545-4000 •
Monday through Friday 7 a.m. – 8 p.m. • Saturday 8 a.m.
– 5 p.m. |
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The
Redwood Review is a monthly publication of
Redwood Credit Union. All editorial questions and comments are welcome.
Please call our Marketing Department at
1 (800) 479-7928, ext. 5275. |
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| First
Mortgage Loan Rates and Savings Yields as of June 24, 2008. Second
Mortgage Loan Rates as of June 2, 2008. Consumer Loan Rates as of
May 9, 2008. All rates, yields, terms and special offers subject to
change. Certain restrictions apply. APY = Annual Percentage Yield.
Except for Certificate Account, on which APY is fixed for term, savings
yields are variable. Fees may reduce earnings. 5/1 ARM APR 5.586%;
rate reflects .375 point, 80% LTV. Caps: 2% Periodic, 6% Life; Margin=2.75%,
Index = 1 Yr CMT; based on loan amount of $300,000. HELOC APR 4.781%,
Index 1 Yr CMT, Caps: 2% periodic; 6% life. Margin 2.625%. Rate reflects
.375 point, 80% LTV. Maximum APR is 15-18% depending on initial CLTV.
RCU mortgages available on CA properties only and other restrictions
apply. Visa balance transfer rate of 6.90% APR will remain in effect
for the first two years following transfer, thereafter, the fixed
APR will adjust to the Standard APR; transfer may not exceed available
balance. Auto Refi Rebate Offer expires 9/30/08. Rebate available
on auto loans refinanced from another lender only, not available for
motorcycles or recreational vehicles. Maximum rebate amount = $300.
RCU Insurance Services is a wholly-owned subsidiary of Redwood Credit
Union. Insurance products are not deposits of Redwood Credit Union
and are not protected by the NCUA. They are not an obligation of or
guaranteed by Redwood Credit Union and may be subject to risk. Any
insurance required as a condition of an extension of credit by Redwood
Credit Union need not be purchased from Redwood Credit Union and may
be purchased from an agent or an insurance company of the Member’s
choice. Business conducted with RCU Insurance Services is separate
and distinct from any business conducted with Redwood Credit Union.
License #0D91054 |
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