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{{short description|American bank}}
{{Infobox company
{{Infobox company
| name = Patelco Credit Union
| logo = Patelco logo.gif
| name = Patelco Credit Union
| image = Patelco 2.jpg
| type = [[Credit union]]
| image_caption = Patelco branch in [[Novato, California|Novato]]
| foundation = 1936
| logo =
| location = [[Pleasanton, California|Pleasanton]], [[California]], [[United States]]
| type = [[Credit union]]
| key_people = Erin Mendez, <small>President/CEO</small>
| foundation = 1936
| location = [[Dublin, California|Dublin]], [[California]], [[United States]]
| key_people = Erin Mendez, <small>President/CEO</small>


'''Board of Directors'''<br>Peter Hanelt, <small>Chairman</small><br>John Rubino, <small>First Vice Chairman</small><br>Jesse Rivera, <small>Second Vice Chairman</small><br>Tracy Scott,<small>Secretary</small><br>Colleen Cabey,<small>Treasurer</small><br>Gene Bell,<small>Director</small><br>Race Chen,<small>Director</small><br>Jeff Parks,<small>Director</small><br>Vickie Rath,<small>Director</small><br>Gerald Upson,<small>Director</small><br>Garick Zillgitt,<small>Director</small>
'''Board of Directors'''<br />Peter Hanelt, <small>Chairman</small><br />John Rubino, <small>First Vice Chairman</small><br />Jesse Rivera, <small>Second Vice Chairman</small><br />Tracy Scott,<small>Secretary</small><br />Colleen Cabey,<small>Treasurer</small><br />Gene Bell,<small>Director</small><br />Race Chen,<small>Director</small><br />Jeff Parks,<small>Director</small><br />Vickie Rath,<small>Director</small><br />Gerald Upson,<small>Director</small><br />Garick Zillgitt,<small>Director</small>
| num_employees = 594
| num_employees = 750
| industry = [[Financial services]]
| industry = [[Financial services]]
| assets = {{Increase}} US$ 6.06&nbsp;billion (2018)<ref name=10K>{{cite web|url=https://www.patelco.org/About/Financial-Statement/|title=Patelco Financial Statement}}</ref>
| assets = {{Increase}} US$ 9&nbsp;billion (2021)<ref name=10K>{{cite web|url=https://www.patelco.org/About/Financial-Statement/|title=Patelco Financial Statement}}</ref>
| homepage = [https://www.patelco.org/ patelco.org]
| homepage = [https://www.patelco.org/ patelco.org]
|services = [[Savings account|Savings]]; [[Checking account|checking]]; [[online banking]]; [[Loan|consumer loans]]; [[mortgages]]; [[credit card]]s; [[investment]]s; [[insurance]]|footnotes = |locations = 36 Branches}}
| services = [[Savings account|Savings]]; [[Checking account|checking]]; [[online banking]]; [[Loan|consumer loans]]; [[mortgages]]; [[credit card]]s; [[investment]]s; [[insurance]]
| footnotes =
| locations = 37 Branches
}}


'''Patelco Credit Union''' is a community [[credit union]] that encompasses most of [[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 $6 billion in assets,<ref>[https://www.patelco.org/About/Financial-Statement/ Patelco Credit Union Financial Statement] Retrieved on Feb 8, 2018</ref> it is the 26th largest credit union in the country <ref>[http://creditunionaccess.com/top50creditunions.htm Top 50 U.S. Credit Unions] Retrieved on Sep 8, 2016</ref> and the 6th largest in California.<ref>[http://www.creditunionsonline.com/top25californiacreditunions.html Top 25 Credit Unions in California] Retrieved on Sep 8, 2016</ref>
'''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,<ref>{{cite web |url=https://www.patelco.org/history-and-vision |title=History and Vision - Patelco Credit Union |website=www.patelco.org |access-date=July 19, 2021}}</ref> it is the 22nd largest credit union in the country.<ref>{{cite web |url=https://www.mx.com/moneysummit/biggest-us-credit-unions-by-asset-size/ |title=Biggest US Credit Unions by Asset Size (2021) |website=www.mx.com |access-date=July 19, 2021}}</ref>


==History==
==History==
Patelco Credit Union once served an organization formally known as [[Pacific Bell|Pacific Telephone & Telegraph Company]]. However, in 1983 it opened its doors to the public and now operates 36 branches in [[Northern California]].<ref>[https://www.patelco.org/Tools/Locator/Locations/ Patelco Credit Union Branches] Retrieved on Feb 9, 2018</ref> It provides services in the form of deposits, lending, and [[insurance]] and more recently has diversified to offer [[investment banking]].
Patelco Credit Union once served an organization formerly known as [[Pacific Bell|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]].<ref>{{cite web |url=https://www.patelco.org/history-and-vision |title=History and Vision - Patelco Credit Union |website=www.patelco.org |access-date=July 19, 2021}}</ref> It provides services in the form of deposits, lending, [[investment]]s, and [[insurance]].

Starting June 29th, 2024, Patelco has been experiencing a [[ransomware]] attack, causing a partial service outage.<ref>{{cite web |url=https://www.mercurynews.com/2024/07/01/half-a-million-patelco-members-locked-out-of-credit-union-accounts-due-to-security-breach/ |title=The Mercury News - Half a million Patelco members locked out of credit union accounts due to security breach |website=www.mercurynews.com |access-date=July 1, 2024}}</ref> It's started to provide daily updates in its [https://www.patelco.org/securityupdate Security Incident Updates & Information Center].


==References==
==References==
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== External links ==
== External links ==
* {{Official website|https://www.patelco.org/default.aspx}}
* {{Official website|https://www.patelco.org/}}


[[Category:Credit unions based in California]]
[[Category:Credit unions based in California]]

Latest revision as of 04:03, 7 August 2024

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

[edit]

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

[edit]
  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.
[edit]