Your money is safe with Patelco.
Considering recent industry events, we want to assure you that your credit union remains safe, 声音, 高流动性, and in excellent financial condition. Thanks to our loyal members, we are one of the largest credit unions in California, and our deposits continue to grow despite the uncertainty elsewhere. Our liquidity and our capital position remain strong at over 10%, which is beyond well-capitalized. And of course, your deposits are insured in accordance with NCUA guidelines.
We highly recommend that you talk to a Patelco team member if you have questions about your accounts or your deposits insurance coverage. 你可以 通过Zoom在线见面 or 拜访分支机构 你附近.
Thank you for your membership and for your loyalty.
艾琳·门德斯
总统 & 首席执行官
Membership growth at Patelco consistently ranks at the top of our peers. We are proud to say that most of our new members come from referrals.
我们为近450人服务,000 members from all walks of life in our communities, including employees of over 1,000 large and small businesses.
信贷 unions are more conservative than banks and follow stringent NCUA safety and 声音ness guidelines. Our profits go back to our members in the form of better rates and low to no fees.
Our Certified Financial Specialists provide personalized financial coaching to anyone who wants help with budgeting, 偿还债务, 重建信用, 或者存更多的钱.
艾琳·门德斯, 我们的总裁兼首席执行官, talks to 车olyn McArdle, a Patelco member and the Breeze morning talk show host, about recent industry events and what they mean for the average consumer.
是的. Patelco remains safe, 声音, 高流动性, and in excellent financial condition.
Thanks to our loyal members, we are one of the largest credit unions in California, and our deposits continue to grow despite the uncertainty elsewhere.
Our liquidity and our capital position remain strong at over 10%, which is beyond well-capitalized. And of course, your deposits are insured in accordance with NCUA guidelines.
Both banks and credit unions are federally insured. Banks are insured by the FDIC and credit unions are insured by the NCUA. Both protect accounts up to $250,000, but what most people don’t know is that it’s easy to set up your accounts to double or triple that amount if you have more than $250,1万.
If you have less than $250,000 deposited at Patelco in checking, 储蓄, 证书, or money market accounts, you are automatically covered.
你可以 get additional coverage depending on the type of accounts you have or how you set up your account ownership.
例如, if you also have a joint account and you both are listed as 50% owners, you have an additional $250,000 of protection for that joint account, and your co-owner also has a separate $250,000 of protection for their 50% share of the joint account.
If you have a trust account, that is eligible for another $250,000 of coverage.
If you have an 爱尔兰共和军 account that is invested in a certificate or a money market deposit account, it qualifies for its own $250,保额为1000万.
If you have questions about insurance coverage on your deposits with Patelco, we recommend that you talk to the Patelco team about your accounts and your deposits insurance coverage. 你可以 通过Zoom在线见面 or 拜访分支机构 你附近.
在这个视频中, our Financial Educator Veronica Dangerfield talks about how NCUA insurance protects your accounts at Patelco, including how coverage works for different account types.
