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
12/18 - Flexible Rising Rate Certificate
9/22 - Special Certificate : 3% For 3 Years, Minimum $1000
1/14 - Patelco Credit Union (CA) Hikes 24-35 Month CD
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
4/8/15 - 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
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
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
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.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68579 |
| Year Chartered | 1936 |
| Employees | 684 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 9.02% |
| Annual Interest Income | $120.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $7.10B$6.36B |
| Loans | Q2 2019vs Q2 2018 | $5.31B$4.69B |
| Deposits | Q2 2019vs Q2 2018 | $6.04B$5.59B |
| Equity Capital | Q2 2019vs Q2 2018 | $727.9MM$642.9MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $37.3MM$37.8MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $28.6MM$14.9MM |
| Real Estate Owned | Q2 2019vs Q2 2018 | $2.6MM$2.9MM |
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
Patelco Credit Union Money Market Rates
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 | ||
