Featured Savings Rates
Featured Accounts

Patelco Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.95%5-year CD60 Month CD
1.95%5-year IRA60 Month IRA (Traditional, Roth, CESA)
0.55%1-year CD12-17 Month CD

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

Patelco Credit Union is headquartered in Pleasanton and is the 6th largest credit union in the state of California. It is also the 25th largest credit union in the nation. It was established in 1936 and as of March of 2016, it had grown to 568 employees and 301,540 members at 37 locations. Patelco Credit Union's money market rates are 7X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Patelco Credit Union of California is open to the residents, church members, and the people that maintain employment within the qualified counties and cities that the cedit union serves which are listed on the credit union website, the current and retired employees of the credit union affiliated select employee groups and partner companies, the students and alumni from the associated universities that the credit union serves, and the civilian employees of the US Government within San Fransco, family and/or household members of current credit union members, along with the widows/widowers or surviving children of the deceased credit union members.
See current membership details

Related Posts

Patelco CU 5 Year CD Rate Drop. - 4/28/2016

Patleco CU's top rated 5 year CD bit the dust today; APY (was 2.50%) is now 1.95%   :(

Patelco Credit Union (CA) Increases 60-Month CD APY - 1/11/2016

Patelco CU (Northern California) has boosted the rate on its 60-month CD (2.50% APY). Minimum deposit is $1K, with no balance cap. Also as an IRA, but with $500 minimum deposit.

View all posts from:

12/5/10 - 5% 1-Year $1K Max New Member CD At Patelco Credit Union - Easy Membership
11/24/09 - High-Yield Low-Max CD Specials
3/15/09 - Health Savings Account Overview and Finding the Best HSA
5/23/08 - Patelco Credit Union Absorbs Cal State 9
4/1/08 - 4.07% 12-Month Special CD at Patelco Credit Union
3/25/08 - Update on Patelco Credit Union Deals - Checking Bonus, New Member 7% CD ($1K Max) and Others
3/7/08 - 5.00% 11-Month CD at a California CU (Cal State 9).
2/25/08 - $50 Checking Account Bonus at Patelco Credit Union
1/22/08 - 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
1/1/08 - Patelco Is Now Federally Insured - My Experience Joining and Opening the 7% and 5.50% CDs
11/26/07 - Patelco Credit Union is Scheduled to be Federally Insured Starting January 1st
11/19/07 - 5.50% 9-Month CD at Patelco Credit Union (Available to All) - Update
10/4/07 - 5.50% 7-Month CD at a California CU (Cal State 9)
10/2/07 - Patelco Credit Union Applies for Federal Insurance
9/20/07 - 6.00% 7-Month CD at a California CU Continues (Cal State 9)
9/5/07 - 8.00% Youth Savings Account at Patelco Credit Union - $1K Max
8/2/07 - 6.00% 7-Month CD at a California CU - Updated Promo (Cal State 9).
7/23/07 - 6.00% 7-Month CD at a California CU (Cal State 9) - Update
7/16/07 - $50 New Member Bonus at a Patelco Credit Union Branch Near Sacramento
7/9/07 - 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 - 5.25% 13-Month CD at a California CU
2/1/06 - 5% 13-Month CD at a California CU.
1/5/06 - 5% 12-Month CD Available to All

Reviews (8)

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.

Patelco as my credit union

Posted by: mwrinke | Nov 10, 2014

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.

Fantastic credit union for everyday banking

Posted by: JohnE | Nov 14, 2014

I really enjoy being a member at Patelco because they offer great rates on their car loans, free checking, and bonus interest on their CD's for new members. While I was searching for a car to buy I shopped around and found that Patelco Credit Union offered the lowest interest rate at nearly 1.5% for 40 months. They were fantastic and even called the dealer to arrange everything so I could walk in with a down payment and leave with the car. After getting the loan, I signed up for their free checking account (a friend referred me for a $50 bonus) and a 5% APR CD for the first year. They are great and I would highly recommend Patelco to others.

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.

Car Loan Experience

Posted by: calisaver | Apr 22, 2013

Patelco purchases car loans from dealers/brokers.  This is how I became a member.  The rate was high and I wound up refinancing the loan after six months some where else.  Patelco is no worse or better than any of the big banks.  Fees, deposit rates and loan rates are average. 

Patelco Decides Smaller Is Better And Moves HQ Out Of SF

Posted by: cactus | Aug 25, 2010

Patelco decides smaller is better. http://sanfrancisco.bizjournals.com/sanfrancisco/stories/2010/08/23/focus1.html?b=1282536000^3833261

moves HQ out of SF  http://www.mercurynews.com/opinion/ci_15870120

Progressively Worse Customer Service

Posted by: lucy08 | Mar 10, 2013

As a Patelco member for more than 20 years, the service and level of skill of branch employees has steadily decreased. One very simple example involves going to the branch office on New Year's eve, 12-15 customers standing in line and two of three tellers working the counter. They were extremely slow. But then it became obvious why: both were trainees! When it was finally my turn, it took the new teller 20 minutes to try and move new money from checking to interest variable money market account. She couldn't do it and suggested I call customer service for help. I refused and asked for the manager. Naturally she was busy too but finally came over to help. Apparently she had to override in order for the teller to move the money all the while the line was growing longer behind me. By the time I left it had taken me 45 minutes to move a measly few dollars from one account to another. I was very frustrated. Icing on the cake: I had the EXACT same experience yesterday over the phone with customer service but this time no one could help me, not even the manager Bobbi. When I asked for a name of the manager who oversees these accounts she said she didn't know anyone. stonewalled. She committed to send my request to a specialist who would get back to me within a day. Well, here I am two days later and no call. Very disappointing.

Poor Service, Low Savings Rates And Sneaky Fees.

Posted by: sfbayman | Dec 13, 2012

A once proud and member focussed CU with great ratres on savings and loans is now a shell of its old self, with poor service, lower than average rates on savings, fees on nearly everything - low balance, inactive account, no daily maximum NSF fees and on and on.  The CEO that built the old Patelco must be turning in his grave. What exists now is a poor service, low staff morale, squeeze every dime out of the members institution.  Antiquated processes for loans and customer paperwork make things even worse. There are nmuch better credit union and banking cholices out there.



Health
A+

Health Grade Components

Overall
NCUA #68579
Year Chartered1936
Employees568
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD6.72%
Annual Interest Income$36.8MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$5.06B$4.34B
LoansQ1 2016vs Q1 2015$3.40B$2.89B
DepositsQ1 2016vs Q1 2015$4.37B$3.77B
Equity CapitalQ1 2016vs Q1 2015$550.6MM$520.8MM
Loan Loss AllowanceQ1 2016vs Q1 2015$34.6MM$26.6MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$23.6MM$22.9MM
Real Estate OwnedQ1 2016vs Q1 2015$87.00K$2.0MM
Rates
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* 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 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
1.95%$1k-60 Month CD
1.50%$1k-48 - 59 Month CD
1.35%$1k-36 - 47 Month CD
0.75%$1k-24 - 35 Month CD
0.65%$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
1.95%$500-60 Month IRA
1.50%$500-48 - 59 Month IRA
1.35%$500-36 - 47 Month IRA
0.75%$500-24 - 35 Month IRA
0.65%$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.