Patelco Credit Union

Patelco Credit Union Overview

Patelco Credit Union is located in Dublin, CA. The organization was established in 1961. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Patelco Credit Union employed 928 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Patelco Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, Patelco Credit Union generated $299.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $234.8m during the year ending 12/2019. While expenses have increased by 10.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Patelco Credit Union has awarded 11 individual grants totaling $220,706. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES A BROAD RANGE OF LOAN & DEPOSIT PRODUCTS AND OTHER FINANCIAL SERVICES TO ITS MEMBERS LOCATED IN NORTHERN CALIFORNIA AND ILLINOIS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PATELCO CREDIT UNION IS A STATE-CHARTERED CREDIT UNION THAT IS COMMITTED TO PROVIDE ITS MEMBERS WITH SUPERIOR FINANCIAL SERVICES. ITS PRIMARY FUNCTION IS TO PROVIDE LOANS TO ITS MEMBERS AS WELL AS ACCEPT DEPOSITS FROM THEM. IN 2019, THE CREDIT UNION PROVIDED MEMBERS WITH 4,314 NEW REAL ESTATE LOANS TOTALING $1,412,936,497, AND 48,716 NEW CONSUMER LOANS TOTALING $896,665,359. AS OF DEC 31, 2019, THERE WERE 881,236 DEPOSIT ACCOUNTS TOTALING $6,130,385,756.


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Patelco Credit Union Board, Officers & Key Employees

Name (title)Compensation
Erin Mendez
President/ceo
$992,069
Kevin Hayden
Investment Sales
$619,986
Emmanuel Pablo
Loan Sales
$576,309
Susan Gruber
Evp, CFO
$529,202
Arlene J Piazza
Loan Sales
$509,990
Mitsuho R Wada
Clo
$474,111

Patelco Credit Union Vendors

Vendor Name (Service)Compensation
People 20 North America
Temp Agency
$824,987
Mortgage Cadence Llc
Mortgage Services
$721,974
Ratereset
Loan Services
$308,920
Avtex Solutions
It Products And Services
$293,871
Moss Adams
Audit Services
$273,735
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$254,725,263
Investment income $31,481,292
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,888,815
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $299,706,510

Patelco Credit Union Grants Awarded

Over the last fiscal year, Patelco Credit Union has awarded $220,706 in support to 11 organizations.

Grant RecipientAmount

HABITAT FOR HUMANITY EAST BAY

Org PageRecipient Profile

Oakland, CA

PURPOSE: CONTRIBUTIONS

$70,000

CHILDREN'S MIRACLE NETWORK

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: CONTRIBUTIONS

$46,840

NORTHERN VALLEY CATHOLIC SOCIAL SERVICE

Org PageRecipient Profile

Redding, CA

PURPOSE: CONTRIBUTIONS

$21,366

WORLDWIDE FOUNDATION FOR CREDIT UNIONS

Org PageRecipient Profile

Madison, WI

PURPOSE: CONTRIBUTIONS

$20,000

NCUF-FOUNDATION HERO

Org PageRecipient Profile

Madison, WI

PURPOSE: CONTRIBUTIONS

$15,000

CA CREDIT UNION LEAGUE

Org PageRecipient Profile

Ontario, CA

PURPOSE: CONTRIBUTIONS

$15,000
View Grant Profile

Patelco Credit Union Peer Organizations

Organization NameAssets
The Golden 1 Credit Union
Sacramento, CA
$532,330,203
San Diego County Credit Union
San Diego, CA
$343,670,713
Patelco Credit Union
Dublin, CA
$299,706,510
Onpoint Community Credit Union
Portland, OR
$316,165,709
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$257,132,367
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$217,920,461
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$180,779,315
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$166,534,195
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$237,085,485
One Az Credit Union
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$106,232,415
California Credit Union
Glendale, CA
$155,942,457
Educational Employees Credit Union
Fresno, CA
$143,847,329

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