Hello Neighbor, we’re Red Canoe, your local, full-service, member-owned credit union.  When you open a savings account, your $5.00 deposit buys you one share in the credit union. That makes you an equal owner along with all our other members. As a cooperative, any money we earn goes back to our members. We are not for profit, but for people.  We care passionately about our members, and our community.

For us, being local means an ongoing commitment to go beyond serving our members and giving back to the communities we call home. At Red Canoe, we strive to make a difference in the lives of our neighbors. That’s why you’ll find us supporting The Covington Chamber of Commerce, and The City of Covington.  We fully participate in Covington Days and Parade, KidsFest, The Chamber’s Fall Festival and The Monster Bash.  We volunteer at local schools and support businesses and non-profits who make Covington the place we love to work and live.

Because we’re owned by our members, we’re always finding new ways to save you money. From Checking and Savings accounts, to home, auto, and business lending – At Red Canoe, our goal is to find you the best deal – not to make record profits.

We hope you can come in and experience the Red Canoe difference for yourself.

Ambassador Highlights

“They are a local business committed to the success of the community! They truly care about helping people. If they can’t help someone, they will connect them to someone that can. The Covington branch has been the most successful and welcoming community!”


“Red Canoe truly values community – They even got involved with local events and activities before they were established & open.”


“Their partnership with ‘The Storehouse’ has also allowed them to serve the community by providing supplies & funding to specific areas of need for local children.”


“What stood out to me was how passionate they are about the credit union business model and how it allows them to focus on truly helping their community.”


“Red Canoe and the staff truly believe in people over profits. They’re honest, welcoming, and friendly! They have 9 branches and we love the Covington branch office!”






27022 176th Place SE

Covington, WA 98042                          

Areas of expertise

Financial Services

Would you like for your business to be considered for Blue Review?

We’re looking forward to talking with you about Blue Review.  Our Chamber Ambassadors will reach out to you.  Please fill out this form and let us know a little more about you.