DUBLIN, Calif. – Patelco Credit Union has been ranked eighth on GOBankingRates’ Best Credit Unions of 2022 list. The personal finance resource and website analyzed and scored credit unions across the nation based on various factors, including product selection, APY offerings, account fees, customer service offerings, total assets and more.
GOBankingRates awarded Patelco 4.5 out of five stars.
“Patelco Credit Union offers a complete array of financial services products to allow you to do all of your banking in one place,” GoBanking Rates said. “When you open an account, you become a member of the credit union, which is owned by members, not shareholders. This means that Patelco can offer better interest rates because it doesn't need to worry about generating profits for shareholders. Members can take advantage of shared branches and ATMs, as well as online and mobile banking, to do their banking anywhere in the country.”
“We’re honored to be at the top of GOBankingRates’ Best Credit Unions of 2022 list,” said Erin Mendez, president and CEO, Patelco Credit Union. “Our members’ financial health and well-being is our top priority, and it is rewarding to be recognized for those efforts by a personal finance website also dedicated to empowering people to make informed financial decisions.”
In addition to Patelco’s overall ranking, its breadth of products, rates, membership benefits and customer service earned the credit union 4.5 stars in each category. Regarding its range of products, GOBankingRates said, “Patelco Credit Union offers everything you would expect (and maybe even more) from a credit union, from a full range of deposit accounts to a variety of loans to credit cards to insurance.
Additionally, the credit union offers a wealth of financial wellness resources, including financial webinars, seminars, courses, coaching, budgeting, saving money and meeting various financial goals.”
GOBankingRates also recognized Patelco for its incredible savings rates. According to the personal finance website, “Account holders can earn up to 1.00% APY on Money Market Select account balances. Additionally, the credit union’s certificate of deposit rates range from 0.10% to 0.70% APY. The highest rates offered by Patelco compare to or beat the best savings rates in the country.”