Newsweek names Patelco Credit Union one of America’s Best Regional Banks and Credit Unions 2024
The award recognizes Patelco’s impact and commitment to delivering financial wellbeing to its members and communities
DUBLIN, CA (February 29, 2024) — Patelco Credit Union, a Bay Area-based credit union dedicated to the financial wellness of its team, members and communities, has been recognized as one of America’s Best Regional Banks and Credit Unions 2024 by Newsweek and Plant-A Insights Group. This survey of over 35,000 individuals included over 140,000 reviews of regional banks and credit unions.
“It’s an incredible honor to be recognized by Newsweek as one of America’s Best Regional Banks and Credit Unions of 2024,” said Erin Mendez, president and CEO of Patelco Credit Union. “With multiple KPIs analyzed to get a holistic view of an institution’s health and stability, Newsweek’s recognition is extremely meaningful. The financial health and wellness of our organization and members are our top priorities and at the heart of everything we do. Our Patelco team members deserve so much of this credit. They’re passionate, dedicated and are the ambassadors that truly bring our mission to life with every interaction they have with our members.”
Patelco was among only four California-based credit unions to be awarded the highest, full five-star rating. The study, conducted by Plant-A Insights Group, gathered information from over 9,400 regional banks and credit unions across the United States. The insights firm evaluated banks and credit unions on a range of factors including their financial health, current operational performance, and metrics indicating long term stability.
Drivers for Patelco Credit Union’s high ranking include member service capabilities, channel usability and availability, member perks and benefits, low fees, credit card offerings, abundant loan and mortgage programs, financial health monitoring tools and more.
“Regional banks and credit unions play a pivotal role in meeting the needs of communities across the nation. Newsweek and market-data research firm Plant-A Insights are proud to introduce America’s Best Regional Banks and Credit Unions 2024, highlighting local lenders that are committed to the needs of their communities,” said Nancy Cooper, Global Editor in Chief of Newsweek.
About Patelco Credit Union
Dublin, Calif.-based Patelco Credit Union is a not-for-profit credit union committed to serving the financial health and wellbeing of its membership. With 500,000 members, primarily in and around northern California, Patelco is dedicated to improving its members’ financial health and wellbeing by offering personalized solutions, advice, and expertise that empower members to live their best financial lives. Founded in 1936 with $500 in assets by Pacific Telephone and Telegraph Company employees, Patelco is in the top one percent of U.S. credit unions with more than $9 billion in assets. For more information, visit https://www.patelco.org/.
