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Redwood Credit Union (RCU) has launched Benefits Checking, a new consumer product designed to go beyond basic banking. More than just a checking account, Benefits Checking is a comprehensive protection package that delivers real solutions to everyday challenges, helping members save money, protect what matters, and access support in unexpected situations.
Redwood Credit Union introduces Benefits Checking with built-in protection.
Coverage includes cell phone insurance, identity monitoring, and telehealth.
Members get roadside assistance, travel, dining, and shopping discounts.
Designed to save money while addressing everyday financial challenges.
Early members report significant savings on credit monitoring and phone insurance.
Benefits accessed directly through RCU’s secure digital banking portal.
Benefits Checking is tailored for moments when life is unpredictable. From a shattered phone screen or late-night health concerns to identity theft or a vehicle breakdown, the account provides timely protection.
“I had a member who I noticed was paying $19.95 a month for Equifax credit file monitoring. They were able to cancel that and now only pay $7 a month for our credit file monitoring, plus all the other benefits!” said Nicole Munns, RCU Member Relationship Specialist. “And my roommate and I were able to cancel the insurance on our phones through our shared cell phone carrier, which will save us hundreds of dollars a year.”
Among the services included with Benefits Checking:
Cell Phone Protection: Coverage up to $600 per damage or loss claim, twice yearly, on up to four phones billed through Benefits Checking or an RCU credit card ($50 deductible applies).
Identity and Credit Monitoring: Continuous monitoring across 1,000+ databases, the dark web, and public records with $25,000 identity fraud reimbursement. Members also gain access to IDProtect Score Tracker and a Credit Score Simulator.
Telehealth Services: Through DocTegrity, members and their families can connect with board-certified doctors and licensed therapists at no additional cost.
Roadside Assistance: 24/7 coverage up to $100 per occurrence, twice annually, for flat tires, dead batteries, or fuel needs.
Travel and Leisure Discounts: Year-round savings on dining, shopping, and travel experiences.
These features help members cut unnecessary costs while adding valuable protection and lifestyle benefits.
“Benefits Checking embodies RCU’s commitment to its purpose by providing a consumer checking product that delivers real solutions to everyday challenges,” said Stephen Nixon, vice president of Deposits.
Early adopters have already reported savings, from discounted credit monitoring to reduced phone insurance costs, and even small perks like restaurant offers.
By packaging financial protection, health access, and lifestyle discounts into a single account, RCU ensures that Benefits Checking delivers value at a time when every dollar matters.
Founded in 1950, Redwood Credit Union is a full-service, not-for-profit financial institution providing personal and business banking to consumers and businesses in the North Bay and San Francisco. With a mission to passionately serve the best interests of its members, team members, and communities, RCU delivers many ways for its members to save and build money through checking and savings accounts, auto and home loans, credit cards, digital banking, business services, commercial and SBA lending, and more.
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