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Patelco Credit Union

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Patelco Credit Union
Company typeCredit union
IndustryFinancial services
Founded1936
HeadquartersDublin, California, United States
Number of locations
37 Branches
Key people
Erin Mendez, President/CEO Board of Directors
Peter Hanelt, Chairman
John Rubino, First Vice Chairman
Jesse Rivera, Second Vice Chairman
Tracy Scott,Secretary
Colleen Cabey,Treasurer
Gene Bell,Director
Race Chen,Director
Jeff Parks,Director
Vickie Rath,Director
Gerald Upson,Director
Garick Zillgitt,Director
ServicesSavings; checking; online banking; consumer loans; mortgages; credit cards; investments; insurance
Total assetsIncrease US$ 9 billion (2021)[1]
Number of employees
750
Websitepatelco.org

Patelco Credit Union is a member owned, not-for-profit credit union that serves Northern California, particularly the San Francisco Bay Area. Founded in 1936, it is one of the oldest and largest credit unions in the country. With more than $9 billion in assets,[2] it is the 22nd largest credit union in the country.[3]

History

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Patelco Credit Union once served an organization formerly known as Pacific Telephone & Telegraph Company (now known as AT&T). However, in 1983 it opened its doors to the public and now operates 37 branches in Northern California.[4] It provides services in the form of deposits, lending, investments, and insurance.

Starting June 29th, 2024, Patelco has been experiencing a ransomware attack, causing a partial service outage.[5] It's started to provide daily updates in its Security Incident Updates & Information Center.

References

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  1. ^ "Patelco Financial Statement".
  2. ^ "History and Vision - Patelco Credit Union". www.patelco.org. Retrieved July 19, 2021.
  3. ^ "Biggest US Credit Unions by Asset Size (2021)". www.mx.com. Retrieved July 19, 2021.
  4. ^ "History and Vision - Patelco Credit Union". www.patelco.org. Retrieved July 19, 2021.
  5. ^ "The Mercury News - Half a million Patelco members locked out of credit union accounts due to security breach". www.mercurynews.com. Retrieved July 1, 2024.
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