Like most credit unions, Patelco was founded to serve the financial interests of employees of a particular organization – in our case the Pacific Telephone and Telegraph Company (now part of AT&T). The year was 1936, and Patelco’s initial assets totaled a mere $500.
With assets now totaling $5 billion and 300,000 members nationwide, we are among the largest credit unions in the nation today. As a, not–for–profit, full–service financial institution, what we earn, we return to our members in savings from lower loan rates, fewer fees, and personalized service that focus on transparency, simplicity, and trust. We’re federally insured, and dedicated to helping our members and our communities prosper through volunteer initiatives and we have expanded our field of membership to serve the employees of over 1,000 large and small businesses and communities throughout California and the United States.