Red Canoe Credit Union Federal Way WA | Best Auto Loans & Business Banking

Introduction

Welcome to Red Canoe, your trusted financial partner located at 33616 Pacific Hwy S, Federal Way, WA 98003. Since our establishment in 1937, we have proudly served our community, building a strong foundation of trust and reliability. With a dedicated membership base of 59,470 individuals, we are committed to providing personalized banking solutions that meet your unique needs. At Red Canoe, we understand the importance of financial security. That's why we manage total assets of over $1.14 billion, ensuring that your deposits are safe and sound. Currently, we hold approximately $50,209,562 in deposits and have made significant contributions to our members through a total loan portfolio consisting of 39,534 loans. Our net worth stands at an impressive $132,216,490, reflecting our stability and commitment to serving you. While members can visit us at our Federal Way branch for all their banking needs, official correspondence should be directed to our mailing address: PO Box 3020, Longview, WA 98632. Whether you're looking for checking accounts, auto loans, or mortgage financing, we offer a range of services designed to help you achieve your financial goals. Our leadership team is here to support you every step of the way. Under the guidance of CEO David Spaulding and Board President Kurt Sacha, we strive to make banking accessible and beneficial for everyone in our community. With a team of 252 employees, we are ready to assist you during our operating hours from Monday to Friday, 8:30 AM to 5:30 PM. If you're ready to experience banking that puts you first or if you have any questions about our services, don't hesitate to reach out! Call us today at 800-562-5611 or visit us online at www.redcanoecu.com. Join the Red Canoe family today and discover what it means to be part of a credit union that truly cares!

Branch History & Mission

At Red Canoe, we take pride in our rich history and unwavering commitment to the community. Founded in 1937, our branch in Federal Way, Washington, has been a cornerstone for financial support and growth. Over the decades, we have evolved from a small credit union into a thriving institution with total assets reaching an impressive $1,142,328,546. Today, we proudly serve over 59,470 members, providing them with personalized financial solutions tailored to their needs. Located at 33616 Pacific Hwy S, Federal Way, WA 98003, our branch is easily accessible for local residents and businesses alike. We're not just about banking; we're about building lasting relationships and fostering a sense of belonging within our community. Our mission is clear: to deliver exceptional financial services while supporting local initiatives that uplift and empower our members. We believe that when our members thrive, so does our entire community. Our operating hours are designed to accommodate busy schedules Monday through Friday from 8:30 AM to 5:30 PM. We also offer convenient ATM access and drive-thru banking services for those who prefer quick transactions without leaving their vehicles. While members can visit us at 33616 Pacific Hwy S Federal Way Wa 98003, official correspondence should be sent to PO Box 3020, Longview, WA 98632. As we look towards the future, Red Canoe remains dedicated to integrating modern technology with traditional banking values. We provide online banking options, mobile payments, and e-statements to enhance your banking experience while ensuring ADA compliance for all members. Our outreach programs and partnerships with local organizations reflect our commitment to giving back. Join us at Red Canoe and discover how we can help you achieve your financial goals while making a positive impact in the community. Experience the difference of being part of a credit union that truly cares about its members. For more information or to become a member today, call us at (800) 562-5611 or visit our website at Red Canoe. Let's grow together!

Branch Location & Accessibility

Welcome to the Red Canoe branch located at 33616 Pacific Hwy S in beautiful Federal Way, WA! Our branch is ideally situated, making it easy for you to access your banking needs. Whether you're coming from a nearby neighborhood or just passing through, our location is designed for your convenience. As you approach, you'll find that parking is ample and accessible, ensuring that everyone can visit us without hassle. We take pride in being ADA compliant, so all members can easily navigate our facilities. If you're looking for an ATM, you're in luck our branch offers ATM services for quick cash withdrawals and balance checks. Our operating hours are friendly too! We're open Monday through Friday from 8:30 AM to 5:30 PM, allowing plenty of time to fit your banking needs into your busy schedule. If you prefer the convenience of drive-thru banking, we have that covered as well! You can handle deposits, withdrawals, and simple transactions without ever having to leave your car. While members can visit us at 33616 Pacific Hwy S, official correspondence should be sent to our mailing address at PO Box 3020, Longview, WA 98632. This ensures that all your important documents reach us safely. At Red Canoe, we offer a range of services tailored just for you. From personal banking options like checking and savings accounts to auto loans and business banking solutions, we are here to support your financial journey. If you have any questions or need assistance, don't hesitate to call us at 800-562-5611. We can't wait to welcome you into our branch! Come by and see how we can help you achieve your financial goals today!

Member Eligibility

Becoming a member of Red Canoe is like joining a family that truly cares about your financial well-being. If you're living, working, or attending school in the areas we serve, you're likely eligible to join us! We welcome anyone who shares our values of community and support, so whether you're looking for a checking account, an auto loan, or just want to learn more about our services, you'll find a home here. For the most up-to-date eligibility details, feel free to check out this resource: https://www.redcanoecu.com/about/membership-benefits?hslang=en. Opening an account is simple and straightforward! You can start your journey by visiting our website at https://www.redcanoecu.com/checking-account-application?hslang=en or giving us a call at (800) 562-5611 if you have any questions. We're excited to help you take the next step toward better banking!

Business Banking & Commercial Services

Merchant Services Made Easy

In addition to loans, we offer comprehensive merchant services that simplify transactions for your business. Imagine having a seamless way to accept payments from customers whether they prefer credit cards or mobile payments. Our tools help you streamline operations, so you can focus more on running your business and less on managing finances. Visit us at 33616 Pacific Hwy S Federal Way Wa 98003 in Federal Way, WA, or call us at (800) 562-5611 to learn how we can help your business thrive!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $277 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $2 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $150,881,102, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Accessibility and Support

Located at 33616 Pacific Hwy S Federal Way Wa 98003 in Federal Way, WA, we invite you to visit us during our operating hours from Monday to Friday, 8:30 AM to 5:30 PM. You can also reach us at (800) 562-5611 if you have any questions or need assistance. At Red Canoe, we're not just a credit union; we're your financial partner committed to helping you achieve your goals. Explore our range of services today and discover how we can support your financial journey! For more information about membership benefits or to open an account online, please visit our website at Federal Way Red Canoe Cu. Join us today!

Business Banking Support

For entrepreneurs and business owners, Red Canoe offers comprehensive Business Banking solutions including merchant services and business loans. We recognize the importance of supporting local businesses and aim to provide resources that help them thrive.

Credit Card Benefits

Our Credit Cards with Rewards allow you to earn points on everyday purchases, turning your spending into savings. Imagine using your card for groceries or gas and earning rewards that can go toward travel or cash back!

Modern Banking Features

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking features that let you manage your accounts anytime, anywhere. With options like ATM access for cash withdrawals and balance checks, plus basic drive-thru banking for deposits and simple transactions, managing your finances has never been easier.

Personal Banking Solutions

When it comes to personal banking, we understand that each member has unique needs. That's why we offer Checking & Savings Accounts tailored to help you save for your future or manage day-to-day expenses efficiently. If you're in the market for a vehicle, our Auto Loans & Vehicle Financing options come with competitive rates that can help you get on the road quickly and affordably. For those considering homeownership or refinancing their current mortgage, our Mortgage Loans & Refinancing services are here to guide you through the process smoothly. We also provide Personal Loans & Debt Consolidation, offering flexible terms to help you tackle any financial challenges or consolidate existing debts into one manageable payment.

Digital & Online Banking

Key Features

Our online banking service is available 24/7, allowing you to check balances, pay bills, and transfer funds at your convenience. Need to send money to a friend? Our person-to-person transfers make it easy to split the bill or send a gift with just a few taps on your device. Plus, our mobile application gives you the power to bank on the go, whether you're commuting or relaxing at home. For added peace of mind, we've implemented electronic signature authorization. This means you can easily sign documents online without the hassle of printing or scanning saving you time and keeping everything secure. And if you're looking for an eco-friendly option, we provide e-statements so you can view your account statements digitally instead of waiting for them in the mail. Want to make purchases easier? Our mobile payments feature allows you to pay directly from your phone at participating retailers. It's quick, safe, and simplifies your shopping experience. At Red Canoe, we prioritize user-friendliness without compromising on security. Whether you're checking your account from a desktop or using our mobile app, managing your finances has never been easier or more secure. Experience the ease of digital banking with us today!

Financial Strength

Member Savings and Investments

Members' savings are secured through $260,575,742 in share certificates and $196,737,867 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our financial operations reflect our efficiency with a net income of $0, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 245 full-time employees and 7 part-time employees. This dedicated team is always ready to serve you with knowledge and commitment.

Reinvesting for Growth

With $128,497,413 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is significant; we support your financial goals with $7,271 in used auto loans and $850,888,864 in total loans and leases.

Strong Financial Position

With a net worth of $132,216,490, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,157 demonstrates a solid capital foundation. This ensures that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trustworthy Partnership

Our net shares available for lending stand at $0, reinforcing our ability to support both current and future member needs. Total Share Accounts reach 152,380, showcasing a strong and growing member base that trusts us with their finances. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Red Canoe is your trusted partner. Visit us at 33616 Pacific Hwy S Federal Way Wa 98003 or call (800) 562-5611 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. With over $123,466,589 in used vehicle loans and $93,086,101 in new vehicle loans already helping members get on the road, we are committed to making your car-buying experience as smooth as possible.

Business Financing

For business owners, our outstanding commercial loans totaling $150,881,102 provide the capital needed to grow and expand your business. We're here to support your entrepreneurial journey every step of the way.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Property loans totaling $94,400,185, making buying or refinancing simple and accessible for our members.

Refinancing Options

If you're considering refinancing any of your existing loans or are curious about eligibility options for our various loan products, our team is ready to assist you. We can guide you through your options based on your individual financial situation. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Feel free to visit us at our branch located at 33616 Pacific Hwy S Federal Way WA 98003, or give us a call at 800-562-5611 during our operating hours from Monday to Friday between 8:30 AM and 5:30 PM. Let us help you find the right loan product tailored just for you!

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $37,702,487 in loans helping members manage their finances effectively, our credit cards provide the convenience and support you need for everyday purchases or emergencies.

Loan Aggregator

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Red Canoe