Patelco Credit Union

Overview / Commentary
3 Park Pl
Dublin, CA 94568

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

Patelco Credit Union Nationally Available 11-Month CD Is New Rate Leader - 9/19/2022

Patelco Credit Union (easy membership) has added a limited-time 11-month Certificate that earns 3.50% APY. $250 minimum opening deposit, with no stated balance cap.

Patelco Offering Competitive 11M 3.50% CD - 9/19/2022

Patelco CU 11m CD, min $250 (rate=3.45%) APY=3.50% At one time Patelco was an easy-membership CU (making this offering more attractive if you are already a member). Patelco now has membership restrictions: All Patelco CDs at:

View all posts from:

3/29/17 - Patelco CU (CA) Adds 75 Basis Points To 60-Month CD
3/28/17 - Patelco CU Has Top Rated, 2.75% APY, 5 Year CD. Quick Look.
2/27/17 - Patelco Credit Union (CA) Offers 3-Year CD
2/27/17 - Patelco CU Has Top Rated 3 Year CD. Quick Look.
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

Unique Money Market And CD Accounts, Great Mobile App

Posted by: |

Patelco has a unique money market account that allows an unlimited number of ACH transactions. I use it as a high yield checking account.

Patelco's Traditional IRA CD's are also unique in allowing early withdrawals for people above age 59.5 with no penalty. Patelco's CD rates haven't been competitive recently, but Patelco has a long history of offering CD promotions from time to time.

Patelco's mobile app is very reliable, customizable, and offers almost everything you need, but e-statements are only available through the website. External ACH transfer limits are low - $10k outbound and $20k inbound per month - but there is no limit on externally initiated ACH.

I've never been charged any fees, and adding beneficiaries can be accomplished by uploading a form through Patelco's secure messaging system.

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.

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.


Posted by: |

Beware! Avoid this corrupt credit union like the proverbial PLAGUE!
Sure, it keeps up a fake and phony PRETENSE of customer service until confronted with customer complaints severe enough to warrant an irresponsible cover-up of its own supreme incompetence and ineptitude in badly mis-handling a serious problem's resolution, intending to evade responsibility for its blundering and bungling staff at any and all costs. Instead, then, of stepping up to accept that responsibility and rightly apologize for its mistakes, it delegates responses to those complaints to its Black Ops-style, dirty tricks department called, Voice of the Member, which resorts to deliberate omissions and outright lies, falsehoods, and distortions of truth and fact to discount and discredit the complaint and besmirch the character and good name of the complainant. These amateur character assassination antics, as Patelco shall shortly learn, are both ill-advised and self-destructive. Patelco's teachable moment has arrived with publication of this pamphlet in both paperback print and e-book formats, Patelco, Corrupt Credit Union: And Its Dirty Tricks Department. Californians, meantime, can file their consumer complaints against Patelco with the National Credit Union Association(NCUA), or with the state Department of Financial Protection and Innovation(DFPI).
Linked here is the pamphlet exposing Patelco's inept corruption:



Health Grade Components

NCUA #68579
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD8.99%
Annual Interest Income$185.2MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$9.05B$8.93B
LoansQ3 2022vs Q3 2021$6.38B$5.73B
DepositsQ3 2022vs Q3 2021$8.01B$7.79B
Equity CapitalQ3 2022vs Q3 2021$746.8MM$818.0MM
Loan Loss AllowanceQ3 2022vs Q3 2021$37.5MM$36.2MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$19.8MM$15.1MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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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

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%--Regular Savings
0.05%--ScoreUp Savings
0.05%--Youth Savings

Patelco Credit Union Money Market Rates

2.00%*-$2kMoney Market Select Account
OTHER TIERS: 0.15% $100k - $10m | 0.20% $50k - $100k | 0.25% $10k - $50k | 1.00% $5k - $10k | 1.50% $2k - $5k
2.00%*-$2kMoney Market Select IRA
OTHER TIERS: 0.15% $100k - $10m | 0.20% $50k - $100k | 0.25% $10k - $50k | 1.00% $5k - $10k | 1.50% $2k - $5k

Patelco Credit Union Checking Account Rates

0.05%--Interest Checking

Patelco Credit Union CD Rates

4.30%$250-14 Month CD Special
2.50%$250-60 Month CD
2.40%$250-48 - 59 Month CD
2.30%$250-36 - 47 Month CD
2.25%$250-24 - 35 Month CD
2.25%$250-18 - 23 Month CD
2.00%$250-12 - 17 Month CD
0.95%$250-6 - 11 Month CD
0.25%$250-3 - 5 Month CD

Patelco Credit Union IRA Rates

2.50%$250-60 Month IRA
2.40%$250-48 - 59 Month IRA
2.30%$250-36 - 47 Month IRA
2.25%$250-24 - 35 Month IRA
2.25%$250-18 - 23 Month IRA
2.00%$250-12 - 17 Month IRA
0.95%$250-6 - 11 Month IRA
0.25%$250-3 - 5 Month IRA


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