We are conducting the 2025 Annual Meeting by Electronic Transmission as provided in Section 411 of the Amended and Restated Bylaws of Patelco Credit Union effective April 28, 2017 (the “Bylaws”).
The Annual Meeting will be hosted by video conference on April 25, 2025, at 5pm PT.
We welcome you to join us and take this opportunity to submit questions in advance. To register, please send an email to annualmeeting2025@patelco.org no later than 11:59pm PT on Monday, April 21, 2025.
If you would like to submit a question, please do so in advance via email (to the same address above). We will answer as many questions as possible during the virtual meeting.
The Annual Meeting materials will be available for download at patelco.org on April 14, 2025. The materials will include the following:
Please note that there is no new business to discuss. The only matter requiring a vote of the members in attendance is approval of the 2024 Annual Meeting minutes.
Board of Directors – Four (4) positions to be filled by acclamation of the Board of Directors as provided in the Bylaws:
| Peter Hanelt | 3-year term |
| Christopher Harze | 3-year term |
| Tracey Scott | 3-year term |
| Erin Mendez | 3-year term |
Section 501(D) of the Patelco Credit Union Bylaws provides “If no more nominations for vacant positions are received than the number of vacant positions, the credit union may, without further action, declare that those nominated and qualified to be elected are elected.” Four candidates have been nominated to fill the four open Director seats. Therefore, the Directors nominated will be approved by acclamation of the Board of Directors as provided by the Bylaws.
As we move into 2025 with some economic volatility on the horizon, we remain focused on our mission to build our members’ financial health and wellbeing and to work diligently to ensure our members have the strong service and support they’re accustomed to from Patelco. In 2024, we successfully rebuilt after a security incident, and we experienced what it was like to come together with strength and resilience to stay focused on our members. That focus is what drives us to provide ongoing value to members in the forms of fewer fees and better rates, plus all our financial wellbeing benefits and services – from personalized advice and a dedicated anti-fraud team to webinars and partner discounts. We continue to have the financial strength to make a difference for our members today and for the generations to come.
It’s tax time, and Patelco is here to help. We’re making your tax documents available online, plus answering your most popular tax questions.
Find your tax documents in Patelco Online™
1099-INT statements will be ready by January 31, 2025 (or earlier if you get an email telling you that your tax documents are ready).
Only members who earned more than $10 in interest with Patelco during 2024 will receive a 1099-INT statement from Patelco for tax year 2024. As a reminder, Patelco’s Payer ID number is 94-0755684. If you are receiving a 1099-INT statement, on January 31, 2025 (or earlier if you get an email), log in to Patelco Online™ and tap or click on the account that earned interest. Select the Statements & Documents button, and then look for the Tax tab. (You will only receive a 1099-INT statement if you earned $10 or more in interest with Patelco during 2024.)
If you’re looking for tax documents besides 1099-INT statements, check out our updated Tax Time FAQs.
Get your TurboTax discount
As a Patelco member, you get an exclusive discount with TurboTax, 20% off TurboTax federal products — get your discount now.
Get your H&R Block discount
As a Patelco member, you get an exclusive discount of $25 off professional tax preparation — get your discount now.
More questions?
For questions about everything from refund checks to direct deposit, refer to our updated Tax Time FAQs.
The number of vacancies and terms of office to be filled by election by the members of Patelco Credit Union are as follows: Four (4) Directors have terms expiring in April 2025. The expiration of a Director’s term creates a vacancy for which Patelco members may apply, as provided in the Patelco Bylaws. Each Director’s term is for a period of three (3) years. The Four (4) Directors whose current term is expiring are seeking re-election for an additional three (3) year term.
Nominations for election to the board shall be made (1) by nomination by the Governance Committee of Patelco Credit Union, or (2) by members by means of petition signed by 250 members of Patelco Credit Union; such petitions to be in a form approved by Patelco Credit Union and to have been signed by Patelco Credit Union members within eleven (11) months preceding the date of the meeting at which directors are to be elected. Candidates must be Patelco members in good standing. A petition nominating a member as a candidate to fill one of the vacancies must be accompanied by a statement attesting to the candidate’s willingness to serve if elected.
Persons interested in being nominated by the Governance Committee are urged to submit a resume, and such other information as the applicant views pertinent, to the Governance Committee between October 1, 2024, and November 1, 2024, and addressed as follows:
Governance Committee
c/o Angela Jeffers
Patelco Credit Union
3 Park Place
Dublin, CA 94568
Nominations will close at midnight on February 14, 2025. Petitions shall be delivered to the Secretary of the corporation by the date set for the close of nominations and petitions not so delivered will be invalid. Petitions may be mailed in lieu of delivery and, if mailed, the postmark date on the envelope shall determine the effective date of delivery of the petition(s) to the Secretary of the corporation.
Individuals nominated or not nominated by the Governance Committee will be notified the week of January 20, 2025, in order to allow time for the petition process.
No nominations for the Board of Directors can be made after the close of nominations.
Following the close of nominations, if there is more than one candidate for election to any vacant position, the Credit Union shall mail to all members entitled to vote a notice of the date, time, and place of the meeting at which elections will occur. The notice will be accompanied by a list of persons nominated for vacancies and the terms of office on the Board of Directors. The list shall be accompanied by a statement prepared by each nominee, not to exceed 250 words in length, setting forth the nominee’s qualifications and the reason for the nominee’s candidacy. In order to have a statement included in the mailing, a nominee should submit the statement to the Secretary of the corporation by close of business February 14, 2025, but in any case, not later than midnight, two business days before the mailing.
Elections shall occur by voting at the Annual Meeting using general proxies. The Board of Directors will vote general proxies on all matters properly presented at the Annual Meeting, including the election of Directors.
Financial Wellness Partner Shaida Samimi was recently highlighted in the World Council of Credit Union’s summer 2024 conference for her work involving financial inclusion for migrants and refugees.
“Patelco Credit Union prioritized community engagement as a first step in its journey to support refugees and migrants,” the report shared. “Shaida’s ‘say yes and help’ philosophy brought her into contact with families who left Afghanistan following the August 2021 US withdrawal… She saw this as a potential opportunity for Patelco to improve its partnerships, grow its members, and expand into local refugee and migrant communities. From Shaida’s initial efforts, Patelco’s outreach and support for refugees and migrants evolved into two full-fledged membership development programs. Since 2021, Patelco has developed partnerships with 12 different humanitarian NGOs, including the International Rescue Committee (IRC), World Relief, and Opening Doors.”
Read about the report and conference here to learn how Patelco has made a name for itself by proactively expanding services to underserved populations.
On June 29, 2024, there was a security incident that required Patelco to proactively shut down our day-to-day banking systems. On July 15, 2024, Patelco successfully restored core banking services and transactions. We created a webpage for the latest updates on our operations and service availability. Visit our Security Incident Information Center for details
Being transparent to members about our financial health and how we fulfill our mission as a credit union is a priority for us. Be sure to explore our financial statements as well as our annual reports to learn more about our financial performance and our yearly recaps.
