Meriwest Credit Union Explained

Meriwest Credit Union
Logo Alt:Meriwest Credit Union
Type:Credit Union
Industry:Financial services
Hq Location City:San Jose, California
Hq Location Country:United States
Area Served:Greater San Francisco Bay Area
Areas Served:-->
Key People:Lisa Pesta, President/CEO
Brian Hennessey, CFO
Chad Maze, COO
Subsid:Meriwest Mortgage, MW Wealth Advisors
Owners:-->

Meriwest Credit Union is an American member owned, not-for-profit credit union located in San Jose, California. The credit union offers financial services to communities in the Greater San Francisco Bay Area.

, Meriwest Credit Union had over 80,000 members and $2.2 billion in total assets.[1]

History

The credit union began on May 5, 1961, when a group of IBM employees organized the IBM San Jose Employees Federal Credit Union.[2] In 1975 the official name changed to Pacific IBM Employees Federal Credit Union. In 1999, the Credit Union converted to state charter and changed its name to Meriwest Credit Union.[3] In 2007, Meriwest merged with Golden Bay Federal Credit Union.[4]

Community relationship

Meriwest Credit Union has a long history of providing support to its local communities by partnering with local charities and non-profit organizations, as well as providing free educational resources.

In 2022, the Credit Union National Association (CUNA) awarded Meriwest the 2022 National Desjardins Adult Financial Education Award for its workshops & programs to promote financial literacy.[5]

Membership requirements

At least one of these options listed below will apply:

Regulation

Meriwest Credit Union is chartered under the authority of the California Department of Financial Protection and Innovation (DFPI).[6] Members' deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. federal government.

External links

Notes and References

  1. Web site: Credit Union Locator & Research a Credit Union NCUA . 2023-12-04 . mapping.ncua.gov.
  2. Web site: Our Story: Milestones . Meriwest Credit Union . 4 December 2023.
  3. California Department of Financial Institutions . 1999 . 1999 Annual Report: Bridging Into the Future . State of California.
  4. California Department of Financial Institutions . 2007 . 2007 Annual Report . State of California.
  5. Web site: Ogden . Michael . 2022 . Meriwest CU Wins Financial Education Award . 2023-12-04 . Credit Union Times . en.
  6. Web site: State-Chartered Credit Unions: Meriwest Credit Union. Department of Financial Protection and Innovation.