Patelco Credit Union
| Company type | Not-for-profit credit union |
|---|---|
| Industry | Financial services |
| Founded | 1936 |
| Headquarters | Northern California , United States |
Area served | Northern California, primarily San Francisco Bay Area |
| Products | Deposit accounts, loan services, investment options, insurance solutions |
Patelco Credit Union operates as a not-for-profit, member-controlled credit union primarily serving the Northern California region, with a strong focus on the San Francisco Bay Area. Established in 1936, it stands among the nation’s oldest and most sizable credit unions, managing assets exceeding $9 billion and ranking 22nd in size across the United States.
History
Initially created to serve the workforce of Pacific Telephone & Telegraph Company (currently AT&T), Patelco expanded its membership to the general public in 1983. Today, it maintains a network of 37 branches throughout Northern California. The credit union offers a comprehensive range of financial products including deposit accounts, loan services, investment options, and insurance solutions.
On June 29, 2024, Patelco was targeted by a ransomware incident that led to partial interruptions in its services. Since then, the institution has been issuing daily communications via its Security Incident Updates & Information Center.