Patelco Credit Union
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, it is the 22nd largest credit union in the country.
patelco credit union
6 APR = Annual Percentage Rate. Rates offered effective 3/14/2023 and are subject to credit approval. APRs range based on factors including credit type, loan term, Commitment Household/account relationship and applicant credit worthiness/score. Loan terms are based on various factors, including the amount financed. Actual rates are disclosed to approved applicants in writing prior to loan consummation. Offered rates subject to change. For more information, visit patelco.org, call 800.358.8228, or stop by a branch. The APR range is 7.95% to 17.90% with terms available from 6 to 84 months. Example, if you receive a loan of $10,000 with an interest rate of 7.95% with no origination fee and make 36 monthly payments of $313.93, your finances charges will be $1,301.33 which would make your total repayment amount $11,301.33
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SAN MATEO, Calif.--(BUSINESS WIRE)--Aug. 25, 2021--Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, today announced Patelco Credit Union, a member-owned, not-for-profit credit union serving Northern California, has partnered with Upstart to offer AI-powered personal loans to more people.
Upstart (NASDAQ: UPST) is a leading AI lending platform partnering with banks and credit unions to expand access to affordable credit. By leveraging Upstart's AI platform, Upstart-powered banks and credit unions can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by ex-Googlers in 2012 and is based in San Mateo, California and Columbus, Ohio.
About Patelco Credit UnionPatelco was founded in 1936 with $500 in assets to serve employees of the Pacific Telephone and Telegraph Company, which is now part of AT&T. Patelco is in the top 1 percent of U.S. credit unions, ranking 25th in the nation and the 6th largest in California with more than $5 billion in assets and 300,000 members. Throughout its 80-year history, Patelco has helped people and their communities prosper through superior value and personalized service that focuses on building the financial health and well-being of those it serves. Patelco is a federally insured, not-for-profit, full-service credit union that offers the same types of products and services as large banks. For more information, visit patelco.org.
As 22nd largest credit union in the U.S., Patelco was overdue for a site redesign. They came to us with strong internal alignment and together, we defined website goals for both their membership, and their internal organization. What followed was a highly collaborative, cross-functional effort, ultimately resulting in more deliberate web and mobile channels.
At the end of 2012, Patelco had $3.87 billion in total assets and $3.4 billion in deposits. During 2012, the credit union captured $55.5 million in profits, according to a regulatory filing by Patelco.
We understand this was a frustrating matter that you endured, and the impact it may have had on your own financial well-being. Be assured Patelco has confirmed all necessary steps were taken to stop any future mail. To provide you with further peace of mind, Patelco offers many free resources to assist in protecting your identity. If you would like to explore some information on our website, please visit www.patelco.org under financial wellness, fraud-center, protect your personal information.
Patelco Credit Union is considered one of the largest credit unions in the U.S., with more than 400,000 members and $8 billion in assets. It primarily serves the Bay Area and other parts of Northern California and has 37 local branches and over 6,000 shared branches.
Patelco Credit Union offers a complete menu of banking and financial services for people who are looking for a financial institution in Northern California with competitive rates and low fees. Because it is a credit union, owned by members and not beholden to shareholders, it can offer interest rates that are often better than what might be found at large, publicly held banks. While its physical footprint is limited to Northern California, members can take advantage of shared branches and ATMs, as well as online and mobile banking, to do their banking anywhere in the country.
To discover the Best Credit Unions, GOBankingRates looked exclusively at the 50 credit unions in terms of total asset size that had available published data. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the NCUA; (2) number of branch locations as sourced from the NCUA; (3) minimum deposit to open a checking account; (4) monthly checking fee ratio (percentage based on the minimum to avoid the fee compared to the monthly fee itself); (5) checking APY; (6) minimum to open a savings account; (7) minimum balance needed to achieve savings APY; (8) savings APY; (9) minimum to open a 12-month CD account; (10) 12-month CD APY; (11) 60-month CD APY; (12) customer service options offered (24/7 customer service and live chat with a human); (13) Bauer rating (out of 5 stars); (14) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (15) the average mobile app rating between the Android and Apple app stores. All factors were then scored and combined, with the lowest score being best. Factors (1), (2) and (12) were weighted 0.5 times, and factor (14) was weighted 2 times. For all savings and checking account data, only the basic accounts/products offered at each institution were analyzed. 041b061a72