Red Canoe Credit Union Explained

Red Canoe Credit Union
Type:Credit Union
Industry:Financial Services
Predecessors:-->
Successors:-->
Founders:W.C. "Wally" Ohlfs -->
Hq Location:Longview, Washington, United States
Num Locations:10
Num Locations Year:2018
Profit:-->
Profit Year:-->
Assets:$733,972,180
Assets Year:2017
Owners:-->

Red Canoe Credit Union is an American credit union headquartered in Longview, Washington.[1]

Red Canoe Credit Union was founded as Weyerhaeuser Credit Union in 1937 at an organizational meeting held at a Weyerhaeuser mill.[2] Wally Ohfls was the credit union's first chief executive officer and was succeeded by his wife, Esther Ohlfs, when he was deployed with the U.S. armed forces during World War II.[2] The credit union's name was changed to Weyerhaeuser Employees' Credit Union in 1994 and, again, to Red Canoe Credit Union in 2006.[3] [4] In 2014 it merged with the smaller Cowlitz Credit Union.[5]

As of 2018, the credit union had 10 branches in Washington and Oregon.[2] It had assets that year of about $733 million, and more than 56,000 members.[6]

See also

Notes and References

  1. Web site: Contact Us. redcanoecu.com. Red Canoe Credit Union. March 16, 2018.
  2. News: Lundy. Rose. Red Canoe Credit Union celebrates 80 years. March 16, 2018. Longview Daily News. March 15, 2018.
  3. Book: Annual Report - 1994. 1994. State of Washington Department of Financial Institutions. 24.
  4. News: Virgin. Bill. Red Canoe deserves a boatload of ridicule. March 16, 2018. Seattle Post-Intelligencer. November 8, 2006.
  5. News: Cowlitz Credit Union members approve merger with Red Canoe. March 16, 2018. Longview Daily News. May 15, 2014.
  6. Web site: Red Canoe. ncua.gov. National Credit Union Administration. March 16, 2018.