SANTA ROSA, Calif. – Redwood CU joins the growing list of California credit unions that have recently launched business services programs. The $1 billion Redwood Credit Union recently launched its Business Plus Financial Services program. Designed for small businesses, the array of products and services includes checking, deposit accounts, a variety of lending products, cash management and merchant services, online banking and bill pay, and insurance and retirement services. “Redwood Credit Union has had many of our members who use our consumer products ask for small business services,” said Dan Hutchinson, RCU’s vice president of business services. “We’re excited to be able to move into this market, and to really serve small business owners with financial products and services that they both need and want.” The credit union recently celebrated surpassing the $1 billion in assets milestone and currently serves nearly 110,000 members. Over the past few months, a number of California credit unions have launched small business services programs and have become SBA lenders.

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