Featured Savings Rates
Featured Accounts

Patelco Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.75%5-year CD60 Month CD
2.75%5-year IRA60 Month IRA (Traditional, Roth, CESA)
2.00%3-year CD36 - 47 Month CD

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 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

Patelco CU (CA) Adds 75 Basis Points To 60-Month CD (2.75% APY) - 3/29/2017

Patelco CU (CA) has raised the rate on its 60-month Certificate (2.75% APY) by 75 basis points. Minimum deposit is $1k, with no stated balance cap. Also as an IRA.

Patelco CU Has Top Rated, 2.75% APY, 5 Year CD. Quick Look. - 3/28/2017

Patelco CU, https://www.patelco.org/Rates/#CDs, raised the APY on its' 60 month CD (from 2.00%) to 2.75% today!  EWP=180 days. Patelco's 3 year 2.00% APY CD, EWP=90 days, remains available. As Ken's EWP calculator will tell you, the effective APY's on these CD's are excellent; attractive "parking spots" for those awaiting/expecting rate hikes in these time frames.

Patelco Credit Union (CA) Offers 2% APY on 3-Year CD - 2/27/2017

Patelco CU (CA) has raised the rate on its 36-47 month Share Certificate (2.00% APY) by 65 basis points. Minimum deposit is $1k. Also available as an IRA.

View all posts from:

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
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
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
1/25/08 - CD Rates Falling Quickly - Best Options for Locking in CD Rates
1/4/08 - Saturday Is Last Day for Patelco's 5.50% 9-Month CD
11/27/07 - Patelco Credit Union is Scheduled to be Federally Insured Starting January 1st
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)
10/2/07 - Patelco Credit Union Applies for Federal Insurance
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

Excellent CU

Posted by: John2014 | Sep 6, 2014

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.

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.

Funding Accounts Via ACH Debits To External Banks Is Clumsy And Very Slow

Posted by: slovokia | Mar 20, 2017

April 2016: Successfully opened a free checking account and funded it via $10 ACH debit originated by Patelco sent to another credit union.

Thursday March 16th 2017: Opened 5 share certificates via their website and specified they fund them via ACH debit transactions from 2 other institutions (as part of their web new account application process). Was contacted via email the same day and asked to provide scans of my account statements at those institutions - faxed them back the same day.

Monday March 20th I am told that the ACH funding transactions failed due to restrictions on my accounts - I must now provide a scan of a government ID. Had to call in to get a fax number to send in identification. Apparently due to the size of the transfers additional identification documentation was required. Unfortunately their computer system did not make me aware of that requirement when I applied for the share certificates in the first place. I faxed them a scan of my drivers license.

Tuesday March 21rst - My share certificates have still not been funded. No ACH debits have been made to the external accounts I specified as the source of funds. I was told on the 20th that the ACH transactions would be reattempted. Called them again - they said that the ACH transfers were scheduled but could not tell me when they would occur.

Wednesday March 22nd - Share certificates still not funded. One of my source bank accounts has 2 ACH transaction entries for 3/22 labelled "PATELCO/CU PPD" for $0.00 each. The other source bank account shows no activity.

Thursday March 23rd - Share certificates still not funded. No new ACH activity at either of the source funding banks. Called again - told my share certicates would be funded by March 27th.

Friday March 24th - Pending ACH transfer requests scheduled for the 27th finally show up on the Patelco website.

Clearly Patelco's process for handling ACH debit transfers it originates with other banks differs significantly from those of internet banks. Internet banks use test deposits to verify your ownership of the external bank accounts you wish to draw money from before scheduling ACH debits. Patelco does the following instead:

1 - request that you fax over copies of your account statements at those banks.
2 - sends test zero dollar ACH transactions to the banks associated with those accounts.
3 - finally it sends ACH debits for the actual dollar sums involved to those banks.

Unfortunately these procedures were not explained to me so my initial expectations about how this process would work were not met. I also received conflicting information from their customer service agents after my initial ACH transfers were cancelled due to the government ID issue. One person told me that they could not be re-initiated while others said they could be. All in all I found the process exasperating compare to the ACH transfers I have made via other banks (e.g. Ally, Synchrony, etc). If you plan on opening share certificates with them it appears the most efficient way to provide the funds via ACH is to push funds from another institution into a checking account at Patelco and then use that account as a source of funds for your share certificates.

Patelco lacks a way to send file attachments via secure mail so your only option to send sensitive information is via fax. Turnaround time for email questions is at least a day - so if you want to move things along you will need to call them. I waited on hold and then had them call me back - I was able to get them on the phone within 10 minutes or so.

On a side note Patelco's web site does not accept the ACH routing number of GS Bank as a valid routing number.

Service Charges

Posted by: Anonymous | Jan 6, 2011

Beware of inactivity fees and low balance fees with this credit union. I had a free checking and savings account, and although I can't find any reference to these fees on their website, they suddenly started charging a monthly inactivity fee and low balance fee on both accounts.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
NCUA #68579
Year Chartered1936
Employees594
Primary Regulator
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD8.56%
Annual Interest Income$152.9MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$5.46B$4.74B
LoansQ4 2016vs Q4 2015$3.62B$3.21B
DepositsQ4 2016vs Q4 2015$4.75B$4.08B
Equity CapitalQ4 2016vs Q4 2015$575.2MM$529.1MM
Loan Loss AllowanceQ4 2016vs Q4 2015$36.5MM$34.0MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$17.5MM$34.0MM
Real Estate OwnedQ4 2016vs Q4 2015$0$87.00K
  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.

Patelco CU Has Top Rated, 2.75% APY, 5 Year CD. Quick Look.

cumulus   |  
Patelco CU, https://www.patelco.org/Rates/#CDs, raised the APY on its' 60 month CD (from 2.00%) to 2.75% today!  EWP=180 days.

Patelco's 3 year 2.00% APY CD, EWP=90 days, remains available.

As Ken's EWP calculator will tell you, the effective APY's on these CD's are excellent; attractive "parking spots" for those awaiting/expecting rate hikes in these time frames.

Patelco CU Has Top Rated 3 Year CD. Quick Look.

cumulus   |  
Patelco CU raised the APY on its' 36 month CD (from 1.35%) to 2.00% a few days ago. With only a 90 day EWP, Ken's EWP calculator gives this CD effective APY's of
          1.51% for 1 year and
          1.76% for 2 years.

Not a bad holding station if you're expecting/awaiting rate hikes in this time frame.

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%*$3,500*-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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$2kMoney 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%*-$2kMoney Market Select CESA
OTHER TIERS: 0.20% $100k+ | 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+ | 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
0.10%*$5k*-Premier Interest Checking
OTHER TIERS: 0.05% Up to $5k
0.05%--Interest Checking

Patelco Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$1k-60 Month CD
2.00%$1k-36 - 47 Month CD
1.50%$1k-48 - 59 Month CD
1.25%$1k-24 - 35 Month CD
1.00%$1k-18-23 Month CD
0.55%$1k-12-17 Month CD
0.40%$1k-6 - 11 Month CD
0.20%$1k-3 - 5 Month CD

Patelco Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.75%$500-60 Month IRA
2.00%$500-36 - 47 Month IRA
1.50%$500-48 - 59 Month IRA
1.25%$500-24 - 35 Month IRA
1.00%$500-18-23 Month IRA
0.55%$500-12-17 Month IRA
0.40%$500-6 - 11 Month IRA
0.20%$500-3 - 5 Month IRA
Locations

Patelco Credit Union has 37 locations. Click to view all Patelco Credit Union locations.