Overview
What is Patelco Credit Union?
Patelco Credit Union is a California-chartered financial institution dedicated to serving its members in Northern California and Illinois. With a commitment to superior financial services, the credit union offers a wide array of loan and deposit products, as well as additional financial services. In the year 2022, the credit union facilitated 4,534 new real estate loans worth $1.22 billion, 58,148 new consumer loans totaling $1.25 billion, and 7 new commercial loans amounting to $28.9 million. The credit union manages a total of 982,797 deposit accounts holding approximately $8.06 billion. Patelco Credit Union operates through various channels, including branches, a call center, and the internet, to cater to the financial needs of its over 800 employees and 982,000+ members.
Official website here: www.patelco.org
Is Patelco Credit Union legitimate?
Patelco Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Patelco Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,608,404
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,291,082
For more financial information, click here
Official website here: www.patelco.org
What is the mission statement of Patelco Credit Union?
Patelco Credit Union is a state-chartered financial institution dedicated to offering a comprehensive suite of loan and deposit products, as well as additional financial services, to its member base. The organization's primary goal is to deliver superior financial services to its members, providing them with access to various channels for financial transactions, including branches, a call center, and the internet. In 2022, the credit union facilitated over 4,500 new real estate loans and nearly 58,000 consumer loans, totaling significant financial amounts. With over 982,000 deposit accounts and a total deposit balance of over eight billion dollars as of the end of 2022, the credit union has demonstrated its commitment to its members' financial needs.
Official website here: www.patelco.org
Who is the CEO of Patelco Credit Union?
Erin M Mendez is the Principal Officer of Patelco Credit Union. The CEO's salary of Patelco Credit Union is $1,250,282 and their total compensation is $1,295,100.
Official website here: www.patelco.org
What is the revenue of Patelco Credit Union?
Patelco Credit Union's revenue in 2022 was $314,717,655.
Official website here: www.patelco.org
Who are the executives of Patelco Credit Union and what are their salaries?
The average compensation at Patelco Credit Union during 2022 was $94,377. There are 836 employees and 10 volunteers at Patelco Credit Union.
Here are 25 key members and their salaries (Patelco Credit Union's CEO's salary is $1,250,282 and their total compensation is $1,295,100):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $1,250,282
- Related: $0
- Other: $44,818
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $84,346
- Related: $0
- Other: $11,057
- Compensation: $369,985
- Related: $0
- Other: $28,438
- Compensation: $359,033
- Related: $0
- Other: $48,088
- Compensation: $277,443
- Related: $0
- Other: $38,446
- Compensation: $498,021
- Related: $0
- Other: $44,280
- Compensation: $488,639
- Related: $0
- Other: $383,608
- Compensation: $483,873
- Related: $0
- Other: $225,411
- Compensation: $448,444
- Related: $0
- Other: $385,149
- Compensation: $348,337
- Related: $0
- Other: $22,645
- Compensation: $480,402
- Related: $0
- Other: $31,685
- Compensation: $462,552
- Related: $0
- Other: $42,740
- Compensation: $914,471
- Related: $0
- Other: $50,608
- Compensation: $610,299
- Related: $0
- Other: $54,700
- Compensation: $476,220
- Related: $0
- Other: $43,361
Official website here: www.patelco.org
Where can I find the form 990 for Patelco Credit Union?
Patelco Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.patelco.org
Learn more at the official website: www.patelco.org
Mission Statement of Patelco Credit Union
Patelco Credit Union, a state-chartered financial institution, is dedicated to delivering high-quality financial services to its members residing in Northern California and Illinois. In operation, the organization offers an extensive array of loan and deposit products, as well as additional financial services, via multiple channels such as branches, a call center, and the internet.
The Credit Union's primary focus lies in extending loans to its membership, while also accepting deposits from them. In the year 2022, Patelco Credit Union granted 4,534 new real estate loans, totaling $1,221,992,256, and 58,148 new consumer loans, totaling $1,247,636,364. Furthermore, it approved 7 new commercial loans, amounting to $28,856,864. By the end of 2022, the Credit Union managed 982,797 deposit accounts, accumulating a total of $8,056,625,448.
In essence, Patelco Credit Union strives to provide its members with superior financial services, encompassing loan provision and deposit acceptance. Its mission extends beyond the simple exchange of financial products, as it works to foster strong relationships and improve the financial well-being of its members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Patelco Credit Union plays a significant role in enhancing the financial well-being of its members across Northern California and Illinois. By offering a wide range of loan and deposit products, it empowers individuals and businesses to achieve their financial goals. In 2022, Patelco granted 4,534 new real estate loans valued at over $1.2 billion, and facilitated 58,148 new consumer loans totaling approximately $1.25 billion, highlighting its commitment to supporting home ownership and consumer spending in the communities it serves.
Furthermore, the credit union maintained nearly one million deposit accounts, accumulating over $8 billion in total deposits, which fosters stability and growth within the local economy. By leveraging various channels, including branches, a call center, and online services, Patelco ensures accessibility and convenience for its members, contributing to a more connected and financially literate community. Through these efforts, Patelco Credit Union fulfills its mission of providing superior financial services and public benefit, making a lasting impact on its members' financial health and the broader community.
This information is meant to be a general summary of Patelco Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $37,225,393
- Program Service Revenue: $262,887,836
- Gross Receipts: $333,234,307
Assets and Liabilities:
- Total Assets: $9,073,686,000
- Total Liabilities: $8,327,271,000
- Net Assets: $746,415,000
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS TO MEMBERS
Revenue
$229,107,700
INTERCHANGE FEE INCOME
Revenue
$17,275,963
SERVICE CHARGES
Revenue
$15,947,266
ATM FEES
Revenue
$556,907
Organization Details
Founding Year
1936
Phone
(800) 358-8228Principal Officer
Erin M Mendez
Main Address
3 PARK PLACE, DUBLIN, CA, 94568
Website
www.patelco.orgNTEE Category
Code: W60 - Public benefit
If you are a representative of Patelco Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.