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REDWOOD CREDIT UNION
SUMMIT STATE BANK
HISTORY AND BACKGROUND
WHY BANK WITH US?
HISTORY AND BACKGROUND
Redwood Credit Union was formed in 1950 by seven County of Sonoma employees with the vision to provide County workers with affordable loans and a safe place to save their money. Today, Redwood Credit Union has grown to become the largest local ďŹ nancial institution in the North Bay, serving more than 180,000 Members, but we continue to remain committed to our core values of personalized service and the credit union philosophy of “people helping people.â€?
,IKE 'O,OCAL 2EDWOOD #REDIT 5NION IS A COOPERATIVE WHICH MEANS OUR PURPOSE IS NOT TO PROlT but to serve the best interests of our Members and communities by providing the services and tools you need to reach your ďŹ nancial goals and dreams. It also means that we return our profits to our Members by offering lower loan rates, higher savings yields, and low or no fees for our services. We are active in our community and support many local non-proďŹ ts and events throughout the year. And we are committed to providing ďŹ nancial education and resources to help people manage their money and achieve their ďŹ nancial goals and dreams.
When we say local, we mean Sonoma County local! All ďŹ ve of our branches are in Sonoma County, which means just by having your bank accounts with Summit State Bank you help fund local Sonoma County loans that support local Sonoma County businesses. You are also helping us give back through sponsorships and donations to local Sonoma County nonproďŹ ts.
SERVICE SPECIALTIES
Anyone who lives, works, or owns a business in Sonoma County and the greater North Bay can bank with Redwood Credit Union. RCU offers complete ďŹ nancial solutions including: Free checking with debit rewards Home, auto and personal loans & lines of credit Federally insured savings and deposit accounts Investments and ďŹ nancial planning Credit cards with rewards program Free online banking, bill pay and transfers to and from other institutions More than 28,000 free network ATMs nationwide Free ďŹ nancial education, budgeting assistance and credit counseling Business accounts, including commercial & SBA loans, payroll and merchant services Affordable insurance through top-rated carriers A full-service auto-buying center for new and used vehicles, & more!
SERVICE SPECIALTIES
Our service specialties are focused on helping local Sonoma County businesses and nonproďŹ ts enjoy their banking experience. We want to ďŹ nd the personalized solutions to help you grow and succeed. Your experience with Summit State Bank is not about just paperwork, but about understanding you, your goals, and your needs. We specialize in thinking “out of the box,â€? often responding the same day to complicated questions and applications, with each employee, manager, and decision maker being an accessible resource committed to serving you. Tom Duryea, President and CEO of Summit State Bank, is just a phone call away. WHY BANK WITH US?
COMMUNITY INVOLVEMENT
Redwood Credit Union is based in Sonoma County with locations in Santa Rosa, Rohnert Park, Petaluma, Windsor and Cloverdale, plus 7 additional branches throughout the North Bay. Our staff is committed to giving back to our communities, and we support many local non-proďŹ ts through volunteering, fundraising and sponsorships, leadership on non-proďŹ t boards and committees, and employee and corporate contributions. Some of the agencies and efforts we support include the Sonoma County Volunteer Center, Daily Acts, Harvest for the Hungry 'ARDEN ,AGUNA DE 3ANTA 2OSA 2EBUILDING 4OGETHER 3CHOOLS 0LUS "LOOD "ANK OF THE Redwoods, United Way of the Wine Country, and many others.
Summit State Bank opened its doors in 1984. Headquartered in Santa Rosa, we serve Sonoma County with branches in Santa Rosa, Healdsburg, Rohnert Park, and Petaluma.
“. . . we continue to remain committed to our core values of personalized service and the credit union philosophy of ‘people helping people.â€? ´ ZH DUH FRPPLWWHG WR SURYLGLQJ Ă€QDQFLDO HGXFDWLRQ DQG UHVRXUFHV WR KHOS SHRSOH PDQDJH WKHLU PRQH\ DQG DFKLHYH WKHLU Ă€QDQFLDO JRDOV and dreams.â€?
EXCHANGE BANK
s 3UMMIT 3TATE "ANK IS A COMMUNITY BANK COMMITTED TO SERVING OUR CUSTOMERS AND THE Sonoma County community with the highest standards. In addition to our consistently strong ďŹ nancial stability, our responsive, knowledgeable, and friendly staff will change the way you look at what your bank can really do for you. s Sonoma County’s Top Rated Bank: the highest Bauer Financial rating of all Sonoma County-based banks s Well Capitalized: the highest capitalized bank in Sonoma County with 19.4% in Total Risked-based Capital Ratio vs. 10% FDIC requirement
COMMUNITY INVOLVEMENT
HISTORY AND BACKGROUND
Founded in 1890 - One of the most unique banks in the United States.
Since 1890, our founder, Frank Doyle’s vision for Exchange Bank has not changed. Giving back to our communities has been a part of our rich legacy and remains a deďŹ ning part of who we are today.
Community First Credit Union is a Member-owned ďŹ nancial cooperative. We were founded in 1961 by seven Sonoma County teachers who were not happy with the proďŹ t-making fees charged by banks, and the unwillingness of banks to lend to working people with average or below-average salaries. Today more than 12,000 Sonoma County residents are MembersOwners-Users of Community First. The people who use us are the owners. At national banks, the owners are shareholders, who likely aren’t even customers –– they just want the bank to make their stock go higher (by whatever means necessary).
Since its founding in 1890, Exchange Bank has had only seven presidents. Today the Bank is being lead by Bill Reinking, Chairman of the Board, and Bill Schrader, President and CEO. %XCHANGE "ANK HAS BRANCHES IN 3ONOMA #OUNTY AND ONE #OMMERCIAL ,ENDING "RANCH in Sacramento. SERVICE SPECIALTIES PERSONAL PRODUCTS AND SERVICES:
BUSINESS PRODUCTS AND SERVICES:
Checking and Savings Accounts CertiďŹ cates of Deposit Individual Retirement Accounts Safe Deposit Boxes #REDIT #ARDS AND !4- #HECK #ARDS Online Banking and Bill Pay #ONSUMER ,OANS AND ,INES OF #REDIT
Merchant Services Cash Management #OMMERCIAL ,OANS ,INES #OMMERCIAL 2EAL %STATE ,OANS Remote Deposit Capture %" ,EASING $EPARTMENT ! PREFERRED 3"! ,ENDER
WEALTH MANAGEMENT DEPARTMENT:
Expertise and Experience - The Exchange Bank Wealth Management Department delivers high quality independent investment and ďŹ duciary management services to the Sonoma County area. Oversight and strategic planning for individuals or estates includes personal trusts, investment management, estate settlement and private banking.
“Just by banking with Summit State Bank, you are helping fund local ORDQV SURYLGH ORFDO MREV DQG HYHQ VXSSRUWLQJ ORFDO QRQSURĂ€WV WKDW provide life-changing services in our community.â€? “Summit State Bank is a community bank committed to serving our customers and community with the highest standardsâ€?
COMMUNITY FIRST CREDIT UNION
HISTORY AND BACKGROUND
The last will and testament of Exchange Bank’s co-founder and second president, Frank Doyle, stands tall above his many accomplishments. Doyle wanted the bank to be a locally owned and managed institution. So, rather than giving his stock to his heirs, his controlling interest (50.39% of the common stock) was put into a perpetual trust. The dividends are speciďŹ ed for distribution by the Trustees to the Frank P. Doyle and Polly O’Meara Doyle Scholarship Fund for assistance to “worthy young men and women attending Santa Rosa Junior College.â€?
s Community Bank: Strong community presence, support and involvement, including our NonproďŹ t Partnership Program s Local Sonoma County Bank: Your money stays in Sonoma County, supporting local businesses and nonproďŹ ts with approximately 89% of our loans - highest of all Sonoma County banks s Customer Service: Access to decision makers; 48 hour loan response and 72 hour doc turnaround; you always speak with a live person; same day call back or no greater than 24 hours; experienced and knowledgeable staff.
Our employees are committed to and actively are involved in the communities where we serve and live. This commitment is evidenced by the countless hours of volunteer time supporting good works and charitable organizations throughout Sonoma County, such as The Human 2ACE 5NITED WAY !MERICAN #ANCER 3OCIETY 2ELAY FOR ,IFE 2EBUILDING 4OGETHER AND !STHMA 7ALK FOR THE !MERICAN ,UNG !SSOCIATION Exchange Bank also makes contributions and in-kind sponsorships in direct support of local needs such as homeless assistance, health care, food bank and numerous youth initiatives. WHY BANK WITH US?
s %XCHANGE "ANK IS COMMITTED TO BEING THE PREMIER #OMMUNITY "ANK IN 3ONOMA #OUNTY s 7E ARE COMMITTED TO OUR HERITAGE AND THE COMMUNITY WE SERVE s 7E STRIVE TO CONSISTENTLY PERFORM AT LEVELS THAT EXCEED THE EXPECTATIONS OF OUR CUSTOMERS “Giving back to our communities has been a part of our rich legacy DQG UHPDLQV D GHĂ€QLQJ SDUW RI who we are today.â€? “We offer a comprehensive set of products and services for your Personal and Business needs.â€?
SERVICE SPECIALTIES
We offer the kind of personal service that big banks gave up long ago as unproďŹ table. We call it competency with a smile. Our Members call it banking with family.
the difference to your savings account (we match rounded-up monies to 100% for ďŹ rst 90 days; 5% thereafter) s 9OUTH3AVER WHICH EARNS A RIDICULOUSLY HIGH !09 ON THE lRST OF A SAVING account for those under 20 years s &REE CHECKING THAT WITHOUT ANY HOOPS OR TRAPS IS ACTUALLY &2%% s SURCHARGE FREE !4-S NATIONALLY MORE THAN "OF! s 3MART !4-S LOCALLY THAT DON T REQUIRE CUMBERSOME AND WASTEFUL ENVELOPES TO MAKE deposits of cash or checks (and that we had years before those big banks that are currently advertising them) s &REE MOBILE BANKING THE ONLY LOCALLY OWNED INSTITUTION TO OFFER BANKING VIA ANY SMARTPHONE
and free online banking with free online transfers to other ďŹ nancial institutions.
Branch staff is always at the ready to help, explain, and show. Our in-house Call Center is here –– not outsourced to Indiana or India –– and staffed by smart people who are empowered to help you immediately. COMMUNITY INVOLVEMENT
We have what’s called a Community Charter from the California Department of Financial Institutions. This means our primary mission is to promote (through education, actions and lending) the ďŹ nancial sustainability of Sonoma County. We can only take deposits from residents and students in our charter area; we can only make loans to residents and students in our charter area. It’s simple: local deposits can only be re-used locally to help create jobs, purchase homes and vehicles, and help fund vitally needed services where YOU live. WHY BANK WITH US?
We have all the products that 95% of Sonoma County households need ďŹ nancially: s &ULL RANGE OF lXED AND ADJUSTABLE RATE LOANS FOR HOME PURCHASE OR RElNANCE s ,OW COST VEHICLE LOANS THAT YOU CAN GET CONVENIENTLY DIRECTLY WHILE AT ANY 3ONOMA #OUNTY car dealer. s 3AVERS%DGEÂŽ, which rounds up every debit card purchase to the next dollar and transfers
“We offer the kind of personal service that big banks gave up long ago DV XQSURĂ€WDEOH Âľ “. . . our primary mission is to promote (through education, actions and OHQGLQJ WKH Ă€QDQFLDO VXVWDLQDELOLW\ RI 6RQRPD &RXQW\ Âľ
NO RTH BAY BO H E M I AN | AP R I L 27-MAY 3, 201 1 | BOH EMI A N.COM
NORTH BAY BOH EMI A N | AP R I L 27-MAY 3, 20 1 1 | BO H E M I AN.COM
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