Patelco Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.95% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 1.95% | 5-year IRA | 60 Month IRA (Traditional, Roth, CESA) 1.41% - National Average |
| 0.55% | 1-year CD | 12-17 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
Patelco Credit Union is headquartered in Pleasanton and is the 6th largest credit union in the state of California. It is also the 24th largest credit union in the nation. It was established in 1936 and as of June of 2016, it had grown to 576 employees and 303,506 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
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
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 - Patelco Credit Union Launches Online Check Deposit Service
4/16 - Top 7-Year CD Rate at Patelco Credit Union - Easy Membership
3/25 - 12-Month CD At 5 % APY
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
Patelco as my credit union
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.
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.
Fantastic credit union for everyday banking
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.
Car Loan Experience
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.
Service Charges
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.
Patelco Decides Smaller Is Better And Moves HQ Out Of SF
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
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.
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.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68579 |
| Year Chartered | 1936 |
| Employees | 576 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.94% |
| Return on Equity - YTD | 8.54% |
| Annual Interest Income | $74.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $5.22B$4.41B |
| Loans | Q2 2016vs Q2 2015 | $3.48B$2.91B |
| Deposits | Q2 2016vs Q2 2015 | $4.51B$3.81B |
| Equity Capital | Q2 2016vs Q2 2015 | $569.0MM$525.4MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $35.9MM$27.3MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $24.6MM$34.6MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $49.00K$2.0MM |
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 |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 |
Patelco Credit Union has 37 locations. Click to view all Patelco Credit Union locations.