Patelco Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | 5-year CD | 60 Month CD 2.40% - Goldman Sachs Bank USA 5 Year CD |
| 2.00% | 5-year IRA | 60 Month IRA (Traditional, Roth, CESA) 1.55% - National Average |
| 1.35% | 3-year CD | 36 - 47 Month CD 2.00% - Goldman Sachs Bank USA 3 Year CD |
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 or work in Contra Costa, Alameda, Napa, Marin, San Francisco, Sacramento, Solano, San Mateo, Santa Clara, or Sonoma Counties in California; to those who live, worship or work in Alameda, Antelope, Alamo, Albany, and over 100 California cities. Membership is also open to employees and retirees of AT&T, Walgreens, and over 1,100 companies and organizations and to students of the University of California Berkeley, San Francisco State University, or California State University East Bay, members of the San Francisco State University Alumni Association or the California State University East Bay Alumni Association, and employees of the United States government and work in or are headquartered in San Francisco.
See current membership details
Related Posts
3/28 - Patelco CU Has Top Rated, 2.75% APY, 5 Year CD. Quick Look.
2/27 - Patelco Credit Union (CA) Offers 3-Year CD
2/27 - Patelco CU Has Top Rated 3 Year CD. Quick Look.
4/28 - Patelco CU 5 Year CD Rate Drop.
1/11 - Patelco Credit Union (CA) Increases 60-Month CD APY
1/8 - Patelco New Rates, 2.5% 60 Month Certificate
4/8 - Patelco Delivers Up To 3% APY On New Money Market Accounts
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
6/22/09 - Patelco Is Now Federally Insured - My Experience Joining and Opening the 7% and 5.50% CDs
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
5/23/08 - Patelco Credit Union Absorbs Cal State 9
2/25/08 - $50 Checking Account Bonus at Patelco Credit Union
11/27/07 - Patelco Credit Union is Scheduled to be Federally Insured Starting January 1st
10/2/07 - Patelco Credit Union Applies for Federal Insurance
Excellent CU
This is one of the best Credit Union or Bank that I've been with. The people are always helpful. They are always looking out for their customers as well. For instance, I once had my debit card info stolen and they were quick to inform me of strange purchases that had been occurring. We were able to solve the issues and I got a new card and all of my money back. Their customer service is top notch and there's really no fees for me. I highly recommend Patelco if they're in your area.
Patelco Credit Union - my personal rating
I've been with Patelco for over 10 years. At the time it was through referral only. They have extremely low fees. As a matter of fact, we have 3 checking accounts and one savings account, and we pay zero fees. We've had car and motorcycle loans with them and each time we received better rates than all the institutions we checked out. Those loans were approved very fast. Their website is very user friendly and customer service is great.
We had our accounts compromised and now they are very proactive in protecting our accounts. When we did have our money taken from us, they were quick to get us our money back as they sent us new cards and changed our account numbers. We also have bill pay through them, and it's very easy to use.
The only drawback is that it's a local credit union with few branches. But for basic banking needs, I can go to almost any credit union to deposit, withdraw, and check balances. For other needs, I find calling them is very easy as well.
Needs Improvement
I've had a CD with Patelco for 5 years.
They have good rates and they appear to be healthy, but they also have hiccups in their phone center and in their online banking. 30 minute waits to talk to a customer service rep is very frustrating.
The customer service person I spoke to said they are working on it, but time will tell.
Stay Away!
Patelco is such a bad credit union. They are set up to take money from your accounts. The "new" online service is the same type of system from 10 years ago. The customer service is none. They just pass the hat from one "customer service" to the next. Saty away from this place they will steal you blind.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 68579 |
| Year Chartered | 1936 |
| Employees | 621 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 8.38% |
| Annual Interest Income | $85.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $5.86B$5.22B |
| Loans | Q2 2017vs Q2 2016 | $4.00B$3.48B |
| Deposits | Q2 2017vs Q2 2016 | $5.11B$4.51B |
| Equity Capital | Q2 2017vs Q2 2016 | $606.3MM$569.0MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $36.3MM$35.9MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $12.8MM$24.6MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $2.8MM$49.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $3,500* | - | Health Savings Account | ||
| OTHER TIERS: 0.05% → Up to $2k | 0.10% → $2k - $3,500 | |||||
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.00%* | - | $2k | Money Market Select Account | ||
| OTHER TIERS: 0.20% → $100k+ | 0.25% → $50k - $100k | 0.50% → $10k - $50k | 1.00% → $5k - $10k | 2.00% → $2k - $5k | |||||
| 3.00%* | - | $2k | Money Market Select IRA | ||
| OTHER TIERS: 0.20% → $100k+ | 0.25% → $50k - $100k | 0.50% → $10k - $50k | 1.00% → $5k - $10k | 2.00% → $2k - $5k | |||||
Patelco Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $5k* | - | Premier Interest Checking | ||
| OTHER TIERS: 0.05% → Up to $5k | |||||
| 0.05% | - | - | Interest Checking | ||
Patelco Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $1k | - | 60 Month CD | |
| 1.50% | $1k | - | 48 - 59 Month CD | |
| 1.35% | $1k | - | 36 - 47 Month CD | |
| 0.90% | $1k | - | 24 - 35 Month CD | |
| 0.80% | $1k | - | 18-23 Month CD | |
| 0.75% | $1k | - | 12-17 Month CD | |
| 0.55% | $1k | - | 6 - 11 Month CD | |
| 0.20% | $1k | - | 3 - 5 Month CD |
Patelco Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $500 | - | 60 Month IRA | |
| 1.50% | $500 | - | 48 - 59 Month IRA | |
| 1.35% | $500 | - | 36 - 47 Month IRA | |
| 0.90% | $500 | - | 24 - 35 Month IRA | |
| 0.80% | $500 | - | 18-23 Month IRA | |
| 0.75% | $500 | - | 12-17 Month IRA | |
| 0.55% | $500 | - | 6 - 11 Month IRA | |
| 0.20% | $500 | - | 3 - 5 Month IRA |
