Patelco Credit Union

Organization 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 12/2021, Patelco Credit Union employed 996 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 12/2021, Patelco Credit Union generated $276.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.9% each year. All expenses for the organization totaled $220.0m during the year ending 12/2021. While expenses have increased by 6.4% per year over the past 7 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 23 individual grants totaling $496,206. 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

2021

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 2021, THE CREDIT UNION PROVIDED MEMBERS WITH 4,998 NEW REAL ESTATE LOANS TOTALING $1,689,844,108, AND 49,778 NEW CONSUMER LOANS TOTALING $931,766,020. AS OF DEC 31, 2021, THERE WERE 959,279 DEPOSIT ACCOUNTS TOTALING $7,898,508,242."


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Charles Pankow Builders Ltd
General Contractor
$3,568,350
Mortgage Cadence Llc
Mortgage Services
$1,057,289
Avtex Solutions
It Solutions
$288,665
Plante & Moran Pllc
Accounting Services
$269,396
Moss Adams Llp
Accounting Services
$415,312
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$220,931,354
Investment income $16,389,738
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,667,590
Net Gain/Loss on Asset Sales $16,004,265
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $276,202,116

Grants Awarded

Over the last fiscal year, Patelco Credit Union has awarded $275,500 in support to 12 organizations.

Grant RecipientAmount

HABITAT FOR HUMANITY EAST BAY

Org PageRecipient Profile

Oakland, CA

PURPOSE: CHARITABLE DONATIONS

$60,000

CHILDREN'S MIRACLE NETWORK HOSPITALS

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: CHARITABLE DONATIONS

$40,500

NATIONAL CU FOUNDATION

Org PageRecipient Profile

Madison, WI

PURPOSE: CHARITABLE DONATIONS

$25,000

ALAMEDA COUNTY COMMUNITY FOOD BANK

Org PageRecipient Profile

Oakland, CA

PURPOSE: CHARITABLE DONATIONS

$20,000

SACRAMENTO FOOD BANK & FAMILY SERVICES

Org PageRecipient Profile

Sacramento, CA

PURPOSE: CHARITABLE DONATIONS

$20,000

FOOD BANK OF CONTRA COSTA & SOLANO

Org PageRecipient Profile

Concord, CA

PURPOSE: CHARITABLE DONATIONS

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
The Golden 1 Credit Union
Sacramento, CA
$525,382,897
Patelco Credit Union
Dublin, CA
$276,202,116
Onpoint Community Credit Union
Portland, OR
$300,691,175
San Diego County Credit Union
San Diego, CA
$305,241,036
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$207,665,347
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$194,928,518
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$162,136,670
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$164,391,792
Credit Unions In The State Of California
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$197,844,755
Educational Employees Credit Union
Fresno, CA
$140,033,802
Oregon Community Credit Union
Eugene, OR
$182,242,816

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