Patelco Credit Union Explained

Patelco Credit Union
Type:	Credit union
Foundation:	1936
Location:	Dublin, California, United States
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
Num Employees:	750
Industry:	Financial services
Assets:	US$ 9 billion (2021)^[1]
Homepage:	patelco.org
Services:	Savings checking; online banking; consumer loans; mortgages; credit cards; investments; insurance
Locations:	37 Branches

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

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.

Notes and References

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