Routing # 321076470

A Message from Our President and CEO

Your money is safe with Patelco.

A photo our Patelco President and CEO, Erin Mendez, looking directly into the camera outside

Considering recent industry events, we want to assure you that your credit union remains safe, sound, highly liquid, and in excellent financial condition. Thanks to our loyal members, we are one of the largest credit unions in California, and our deposits continue to grow despite the uncertainty elsewhere. Our liquidity and our capital position remain strong at over 10%, which is beyond well-capitalized. And of course, your deposits are insured in accordance with NCUA guidelines.

We highly recommend that you talk to a Patelco team member if you have questions about your accounts or your deposits insurance coverage. You can meet online via Zoom or visit a branch near you.

Thank you for your membership and for your loyalty.

Erin Mendez

President & CEO

Here for you now, and in the future

86 years strong and growing

Membership growth at Patelco consistently ranks at the top of our peers. We are proud to say that most of our new members come from referrals.

Proudly serving our communities

We serve close to 450,000 members from all walks of life in our communities, including employees of over 1,000 large and small businesses.

Not-for-profit financial cooperative

Credit unions are more conservative than banks and follow stringent NCUA safety and soundness guidelines. Our profits go back to our members in the form of better rates and low to no fees.

Free financial advice to help you move forward

Our Certified Financial Specialists provide personalized financial coaching to anyone who wants help with budgeting, paying off debt, rebuilding credit, or saving more money.

Q&A with Patelco President and CEO

Erin Mendez, our President and CEO, talks to Carolyn McArdle, a Patelco member and the Breeze morning talk show host, about recent industry events and what they mean for the average consumer.

Answers to Your Questions and Concerns

    Yes. Patelco remains safe, sound, highly liquid, and in excellent financial condition.


    Thanks to our loyal members, we are one of the largest credit unions in California, and our deposits continue to grow despite the uncertainty elsewhere.


    Our liquidity and our capital position remain strong at over 10%, which is beyond well-capitalized. And of course, your deposits are insured in accordance with NCUA guidelines.

    Both banks and credit unions are federally insured.  Banks are insured by the FDIC and credit unions are insured by the NCUA.  Both protect accounts up to $250,000, but what most people don’t know is that it’s easy to set up your accounts to double or triple that amount if you have more than $250,000 at one place.

    If you have less than $250,000 deposited at Patelco in checking, savings, certificates, or money market accounts, you are automatically covered.


    You can get additional coverage depending on the type of accounts you have or how you set up your account ownership.


    For example, if you also have a joint account and you both are listed as 50% owners, you have an additional $250,000 of protection for that joint account, and your co-owner also has a separate $250,000 of protection for their 50% share of the joint account.


    If you have a trust account, that is eligible for another $250,000 of coverage.


    If you have an IRA account that is invested in a certificate or a money market deposit account, it qualifies for its own $250,000 in coverage.


    If you have questions about insurance coverage on your deposits with Patelco, we recommend that you talk to the Patelco team about your accounts and your deposits insurance coverage. You can meet online via Zoom or visit a branch near you.

Learn More about NCUA Insurance

In this video, our Financial Educator Veronica Dangerfield talks about how NCUA insurance protects your accounts at Patelco, including how coverage works for different account types.

Count on Patelco to have your back

Learn more about how Patelco is always looking out for your best interests, about our financial strength, and about our work in the community.

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