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

Board of Directors
Arthur Jue, Chairman
Scott Timpe, Vice Chairman
Harsha Vyas, Treasurer
Rosario Monge, Secretary
Udey Chaudhry, Director
Edwin Mach, Director
Steve Goveia, Director
Stan Chapman, Director
Jim Hicks, Director

Supervisory Committee
Phil Fluegemann, Chairman
Taylor Lee, Secretary
Jason Laker, Member

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.