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

Patelco Credit Union is open to anyone through joining the Financial Fitness Association ($8 yearly membership), or who lives, works, goes to school or worships in Alameda, Contra Costa, El Dorado, Marin, Merced, Napa, Placer, Sacramento, San Francisco, San Joaquin, San Mateo, Santa Clara, Solano, Sonoma, Stanislaus, or Yolo counties or the cities of Bakersfield, Eureka, McKinleyville, or Santa Cruz in California. Membership also extends to Alumni of the University of California Berkeley, San Francisco State University, and California State University East Bay.
See current membership details

Related Posts

Interesting Bend Of Curve At Patelco - 3/15/2020

For those in the Patelco FOM, an interesting bend in the yield curve. While not spectacular, Patelco is offering an 18 - 23 month CD at 1.75%. Terms both above and below are much less competitive.

View all posts from:

10/12/16 - Patelco CU (CA) Offers Tiered Money Market Select Account
4/28/16 - Patelco CU 5 Year CD Rate Drop.
1/11/16 - Patelco Credit Union (CA) Increases 60-Month CD APY
1/8/16 - Patelco New Rates, 2.5% 60 Month Certificate
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

Error In Patelco Statements

Posted by: |

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: |

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: |

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.

Patelco as my credit union

Posted by: |

Since switching to Patelco Credit Union from Chase bank, I have been incredibly satisfied. Patelco Credit Union has the best customer service I've encountered in the banking world. They are kind, efficient and informative. They were also able to answer my questions about my credit score, and how to qualify for a loan. Opening a checking and savings account with Patelco was so easy and fast, too. As soon as I walked through the doors I felt like I was more than just another customer, but part of a community. I trust Patelco with my money. I have banked with Bank of America and Chase prior to opening my account with Patelco Credit Union and the difference is massive. I'm not worried about unknown fees or overdrafts without my knowledge. I love that I can witdraw from so many different ATM locations without the crazy $3.00 fee. I would recommend Patelco as a credit union to anyone who's looking for a new bank.

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
NCUA #68579
Year Chartered1936
Employees704
Primary Regulator
Profit Margin
Return on Assets - YTD0.89%
Return on Equity - YTD8.41%
Annual Interest Income$243.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$7.29B$6.59B
LoansQ4 2019vs Q4 2018$5.59B$5.03B
DepositsQ4 2019vs Q4 2018$6.13B$5.74B
Equity CapitalQ4 2019vs Q4 2018$767.7MM$681.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$32.2MM$36.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$23.0MM$17.4MM
Real Estate OwnedQ4 2019vs Q4 2018$0$2.8MM
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Interesting Bend Of Curve At Patelco

  |  
For those in the Patelco FOM, an interesting bend in the yield curve. While not spectacular, Patelco is offering an 18 - 23 month CD at 1.75%. Terms both above and below are much less competitive.

Rates
Report an Issue

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
0.05%$20-Holiday Club
0.05%--Tiered Savings

Patelco Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$2kMoney Market Select Account
OTHER TIERS: 0.20% $100k - $10m | 0.25% $50k - $100k | 0.35% $10k - $50k | 0.50% $5k - $10k | 1.00% $2k - $5k
2.00%*-$2kMoney Market Select IRA
OTHER TIERS: 0.20% $100k - $10m | 0.25% $50k - $100k | 0.35% $10k - $50k | 0.50% $5k - $10k | 1.00% $2k - $5k

Patelco Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%--Interest Checking

Patelco Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$250-60 Month CD
1.40%$250-48 - 59 Month CD
1.30%$250-36 - 47 Month CD
1.15%$250-24 - 35 Month CD
1.00%$250-18 - 23 Month CD
0.90%$250-12 - 17 Month CD
0.60%$250-6 - 11 Month CD
0.25%$250-3 - 5 Month CD

Patelco Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$250-60 Month IRA
1.40%$250-48 - 59 Month IRA
1.30%$250-36 - 47 Month IRA
1.15%$250-24 - 35 Month IRA
1.00%$250-18 - 23 Month IRA
0.90%$250-12 - 17 Month IRA
0.60%$250-6 - 11 Month IRA
0.25%$250-3 - 5 Month IRA
Locations

Availability

San Francisco Bay Area

Interactive local rates map


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.