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Patelco Credit Union

P.O. Box 2227
Merced, CA 95344
1.800.358.8228
www.patelco.org

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Patelco Credit Union is headquartered in Pleasanton and is the 6^th largest credit union in the state of California. It is also the 27^th largest credit union in the nation. It was established in 1936 and as of September of 2011, it had grown to 442 employees and 267,149 members. Patelco Credit Union's CD rates are 6X the national average, and it has a 4-star health rating.

5% 1-Year $1K Max New Member CD At Patelco Credit Union - Easy Membership (Forum) - 12/5/2010

Patelco Credit Union has long offered their special new-member CD. As of 12/05/2010, it's a 5% APY 12-month CD with a maximum deposit of $1,000. It used to be 7%. The 5% is about 3.5% higher than what you can get for a 1-year term these days. That resul

Health Savings Account Overview and Finding the Best HSA - 3/15/2009

I've mentioned Health Savings Accounts (HSA) in a few posts, but I've never done a post specifically focused on them. I know a few readers had requested this. In a nut shell, an HSA is a tax-advantaged savings account available to those who are enrolled...

Patelco Credit Union Absorbs Cal State 9 - 5/23/2008

It was announced yesterday that Patelco Credit Union will absorb Cal State 9 Credit Union. Cal State 9 was put into conservatorship under the NCUA in November 2007 (see post). The conservatorship resulted from Cal State 9's loss of $46 million on...

4.07% 12-Month Special CD at Patelco Credit Union - 4/1/2008

Update 5/10/08: This 12-month special CD has ended.Patelco Credit Union is offering a special 4.07% APY 12-month certificate. The minimum deposit is $1,000, and new money is required. It's also available as an IRA with a $500 minimum opening deposit.You...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Patelco Credit Union Checking Account Rates

Apy	Min	Max	Product
0.10%	$5k	-	Premier Interest Checking
0.05%	-	-	Interest Checking
0.02%	$10k	-	Insured Variable Money Fund

Patelco Credit Union Savings Account Rates

Apy	Min	Max	Product
0.65%	$25k	-	Treasury Income Account
0.65%	$25k	-	Treasury IRA
0.65%	$25k	-	Treasury Roth IRA
0.65%	$25k	-	Treasury CESA
0.25%	$3,500	-	Health Savings Account
0.15%	$100k	-	Tiered Savings
0.05%	$20	-	Holiday Club

Patelco Credit Union Money Market Rates

Apy	Min	Max	Product
0.25%	$100k	-	Money Market Plus Account
0.06%	$1k	-	Money Market Account
0.06%	$250	-	Money Market IRA

Patelco Credit Union CD Rates

Apy	Min	Max	Product
5.00%	$1k	$1k	New Member 12 Month Certificate
1.50%	$1k	-	60 Month CD
1.21%	$1k	-	48 - 59 Month CD
0.70%	$1k	-	36 - 47 Month CD
0.55%	$1k	-	24 - 35 Month CD
0.25%	$1k	-	12 - 23 Month CD
0.15%	$1k	-	6 - 11 Month CD
0.10%	$1k	-	3 - 5 Month CD

Patelco Credit Union IRA Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month IRA
1.50%	$500	-	60 Month Roth IRA
1.50%	$500	-	60 Month CESA
1.21%	$500	-	48 - 59 Month IRA
1.21%	$500	-	48 - 59 Month Roth IRA
1.21%	$500	-	48 - 59 Month CESA
0.70%	$500	-	36 - 47 Month IRA
0.70%	$500	-	36 - 47 Month Roth IRA
0.70%	$500	-	36 - 47 Month CESA
0.55%	$500	-	24 - 35 Month IRA
0.55%	$500	-	24 - 35 Month Roth IRA
0.55%	$500	-	24 - 35 Month CESA
0.25%	$500	-	12 - 23 Month IRA
0.25%	$500	-	12 - 23 Month Roth IRA
0.25%	$500	-	12 - 23 Month CESA
0.15%	$500	-	6 - 11 Month IRA
0.15%	$500	-	6 - 11 Month Roth IRA
0.15%	$500	-	6 - 11 Month CESA
0.10%	$500	-	3 - 5 Month IRA
0.10%	$500	-	3-5 Month Roth IRA
0.10%	$500	-	3 - 5 Month CESA

Rates updated: 2/8/2012

Data for Q3 2011

Institution Statistics

PATELCO
NCUA #	68579
BankRate Report	View
Year Established	1936
Employees	442
Primary Regulator
Assets and Liabilities
Assets	$3.59 billion
Loans	$1.90 billion
Deposits	$3.19 billion
Equity Capital	$376.59 million
Loan Loss Allowance	$79.29 million
Unbacked Noncurrent Loans	$74.46 million
Real Estate Owned	$8.36 million
Historic Data - September 2010
Assets	$3.61 billion
Equity Capital	$368.89 million
Loan Loss Allowance	$80.37 million
Unbacked Noncurrent Loans	$103.33 million
Real Estate Owned	$8.80 million
Profit Margin - Quarterly
Net Interest Margin	3.65%
Return on Assets	0.27%
Return on Equity	2.56%
Interest Income	$97.26 million
Non-Interest Income	$28.07 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Patelco Credit Union had $82.81 million in non-current loans and owned real-estate with $455.88 million in equity and loan loss allowances on hand to cover it. This gives Patelco Credit Union a Texas Ratio of 18.17% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Patelco Credit Union decreased slightly from 24.96% as of September 30, 2010 to 18.17% as of September 30, 2011, resulting in a positive change of 27.22%.This indicates that the balance sheet and financial strength for Patelco Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, Patelco Credit Union has decreased its total deposits by -$14.09 million, resulting in -0.44% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Patelco Credit Union has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Patelco Credit Union has $3.59 billion in assets with $455.88 million in equity, resulting in a capitalization level of 12.68%, which is excellent.