Patelco Credit Union


Overview / Commentary
800-358-8228
5050 Hopyard Rd
Pleasanton, CA 94588

Patelco credit union got its start in 1936 with just $500 pooled together for the benefit of employees of the Pacific Telephone and Telegraph Company (which is now a part of AT&T). Today, the credit union serves its over 300,000 members from over 30 branch locations in Southern California.

Patelco offers its members a full range of financial products and services, including quick, easy, and secure access to funds through online and mobile banking options. Its personal depository banking products include checking accounts, savings accounts, health savings accounts (HSAs), money market accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs).

There are both interest and non-interest-bearing checking accounts available, including an option with tiered interest rates for higher account balances. Patelco requires a basic savings account for membership, but also provides savings account options for youth and for specific saving goals, such as holiday spending. The credit union’s money market account yields tiered dividends, depending upon account balances.

Patelco CD terms go from 3 to 60 months. The credit union provides both Traditional and Roth IRAs, as well as Coverdell Education Savings Accounts (ESAs) – all available as either CDs or money market accounts.

Field of Membership Restrictions

Membership in Patelco Credit Union is open to those who live, work, worship, or attend school in the California counties of Alameda, Contra Costa, El Dorado, Marin, Merced, Napa, Placer, Sacramento, San Francisco, San Joaquin, San Mateo, Santa Clara, Solano, Sonoma, Stanislaus, or Yolo, or the California cities of Bakersfield, Eureka, McKinleyville, or Santa Cruz. Membership is also open to employees and retirees of AT&T, Walgreens, and over 1,100 companies and organizations. Students/alumni of the University of California Berkeley, San Francisco State University, or California State University East Bay are eligible to join. Employees of the United States government who work in or are headquartered in San Francisco also qualify.
See current membership details

Related Posts

Patelco Credit Union Unveils 3-Year Flexible Rising Rate CD - 12/24/2018

Patelco Credit Union (California) has introduced its 3-year Flexible Rising Rate CD (3.50% blended APY). $250 minimum deposit. Structured penalty-free withdrawals.

Flexible Rising Rate Certificate - 12/18/2018

year 1: 3% year 2: 3.50$ year 3: 4%

View all posts from:

10/23/15 - 3-Yr Rising Rate Certificate With Blended Rate Of 1.75% APY
4/8/15 - Patelco Delivers Up To 3% APY On New Money Market Accounts
10/18/12 - Last Chance for Patelco Credit Union's 7-Year CD
7/18/12 - Patelco Credit Union Launches Online Check Deposit Service
4/16/12 - Top 7-Year CD Rate at Patelco Credit Union - Easy Membership
3/25/12 - 12-Month CD At 5 % APY
12/5/10 - 5% 1-Year $1K Max New Member CD At Patelco Credit Union - Easy Membership
11/25/09 - High-Yield Low-Max CD Specials
4/3/09 - Update on Patelco Credit Union Deals - Checking Bonus, New Member 7% CD ($1K Max) and Others
3/15/09 - Health Savings Account Overview and Finding the Best HSA
5/10/08 - 4.07% 12-Month Special CD at Patelco Credit Union
3/11/08 - 5.00% 11-Month CD at a California CU (Cal State 9).
2/25/08 - $50 Checking Account Bonus at Patelco Credit Union
1/4/08 - Saturday Is Last Day for Patelco's 5.50% 9-Month CD
11/27/07 - 5.50% 9-Month CD at Patelco Credit Union (Available to All) - Update
11/4/07 - 6.00% 7-Month CD at a California CU (Cal State 9) - Update
11/4/07 - 6.00% 7-Month CD at a California CU - Updated Promo (Cal State 9).
11/4/07 - 6.00% 7-Month CD at a California CU Continues (Cal State 9)
11/4/07 - 5.50% 7-Month CD at a California CU (Cal State 9)
9/5/07 - 8.00% Youth Savings Account at Patelco Credit Union - $1K Max
7/16/07 - $50 New Member Bonus at a Patelco Credit Union Branch Near Sacramento
7/10/07 - 5.50% 9-Month CD at Patelco Credit Union (Available to All)
6/5/07 - 7.00% 12-Month CD at Patelco - $1K Max (Easy Membership)
6/2/07 - 5.75% 12 to 23-Month IRA CD at Patelco Credit Union (Easy Membership)
5/19/07 - 5.75% 14-Month CD Continues at Patelco Credit Union (Available to All)
2/10/07 - 5.75% 14-Month CD at Patelco Credit Union
1/4/07 - 5.64% 12 to 23 Month CDs at Patelco CU - 5.75% IRAs
10/4/06 - Patelco's 5.70% Treasury Income Account
9/1/06 - 6.00% 12-Month to 23-Month CD at Patelco CU (Available to All)
8/30/06 - 6.00% 7-Month CD at a California CU (Cal State 9)
7/8/06 - 5.75% 8-Month CD a Patelco CU (Available to All)
6/9/06 - 5.35% 8-Month CD at Patelco CU (open to all)
3/16/06 - 5% 13-Month CD at a California CU.
3/16/06 - 5.25% 13-Month CD at a California CU
1/5/06 - 5% 12-Month CD Available to All

Cd Account

love this credit union. great service. very friendly. owned my cd account in less than 30 minutes. very nice customer service thank you guys. for great service

Error In Patelco Statements

Posted by: Beef | Apr 15, 2017

I like Patelco, as they have good CD rates. However, there is no way of knowing how the ownership of your accounts are registered except by calling them and taking their word for it. They told me you can get this info from the e-statements that are on their web portal, but the information in their statements is wrong, at least if you have POD designations. For example, if you have any POD designations, the statement will indicate a joint account owned by both the owners AND beneficiaries as joint owners. They should really correct this bug in their system as it can have legal implications if one of the beneficiaries wants to argue that they are in fact owners.

Probably Better In Person

Posted by: Romulus | Jul 19, 2019

If you live in California & can go in, you will probably do better. In past few years I have seen offers that I apply for, but by time the money gets to them, they've pulled the offer. Renewal have never been the same or higher. Today I wanted to wire maturing money to another institution since their ACH transfers are limited to $2500 per day & $10K monthly...They needed a form which they wanted faxed along with ID which they would have had on file. Process puts too much burden on customer. There are easier ways. But I'm hopeful because the people have been wonderful.

I'm Leaving Because Of Ridiculous Low Balance Fees

Posted by: mc | Jul 2, 2019

I recently withdrew my CD money from Patelco and now because I have only a regular savings account I'm being charged a low balance fee of $5.00 per month. According to the CSR you need a balance of at least $150.00 in your regular savings account if you have no other types of sub-accounts such as checking or a CD to go with it. They didn't mention this when I was arranging for the CD withdrawal, by the way. I don't appreciate being dinged in this petty manner so I'm pulling out. I usually keep my accounts open in cases like this to make it easy for me to come back if and when circumstances change but I don't really need Patelco that badly now or in the future.

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Health

Health Grade Components

Overall
NCUA #68579
Year Chartered1936
Employees684
Primary Regulator
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD9.02%
Annual Interest Income$120.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$7.10B$6.36B
LoansQ2 2019vs Q2 2018$5.31B$4.69B
DepositsQ2 2019vs Q2 2018$6.04B$5.59B
Equity CapitalQ2 2019vs Q2 2018$727.9MM$642.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$37.3MM$37.8MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$28.6MM$14.9MM
Real Estate OwnedQ2 2019vs Q2 2018$2.6MM$2.9MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Patelco Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Patelco Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$3.5k*-Health Savings Account
OTHER TIERS: 0.05% Up to $2k | 0.10% $2k - $3.5k
0.15%*$100k*-Tiered Savings
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $100k
0.05%$20-Holiday Club

Patelco Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$2kMoney Market Select Account
OTHER TIERS: 0.20% $100k - $10m | 0.25% $50k - $100k | 0.50% $10k - $50k | 1.00% $5k - $10k | 2.00% $2k - $5k
3.00%*-$2kMoney Market Select IRA
OTHER TIERS: 0.20% $100k - $10m | 0.25% $50k - $100k | 0.50% $10k - $50k | 1.00% $5k - $10k | 2.00% $2k - $5k

Patelco Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Interest Checking

Patelco Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$250-60 Month CD
1.95%$250-48 - 59 Month CD
1.85%$250-36 - 47 Month CD
1.65%$250-24 - 35 Month CD
1.50%$250-18 - 23 Month CD
1.40%$250-12 - 17 Month CD
0.75%$250-6 - 11 Month CD
0.50%$250-3 - 5 Month CD

Patelco Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$250-60 Month IRA
1.95%$250-48 - 59 Month IRA
1.85%$250-36 - 47 Month IRA
1.65%$250-24 - 35 Month IRA
1.50%$250-18 - 23 Month IRA
1.40%$250-12 - 17 Month IRA
0.75%$250-6 - 11 Month IRA
0.50%$250-3 - 5 Month IRA
Locations

Availability

San Francisco Bay Area

Interactive local rates map


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