Red Canoe Credit Union

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

Red Canoe Credit Union
TypeCredit Union
IndustryFinancial Services
HeadquartersLongview, Washington, United States
Number of locations
10 (2018)
Total assets$733,972,180 (2017)
Websitewww.redcanoecu.com

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

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