Press
Patelco program reaches significant milestone
Participants in “Switch to Save” Have Now Saved More Than $1 Million
PLEASANTON, CA (October 21, 2013) — Patelco announced today that their “Switch to Save” program, launched earlier this year in Sacramento as a pilot to a small number of branches and just recently rolled out to all Patelco locations, has now saved participating members more than $1 million.
“Switch to Save” offers to pay someone $25 if refinancing auto loans or switching credit cards to Patelco doesn’t save them money. Most people who have gone through the program have been able to save a significant amount of money, thus totaling more than $1 million dollars for the close to 1,000 participants who’ve been eligible to save through the program so far. “We are really proud of this milestone,” said Ryan Misasi, Patelco’s Chief Retail Officer. “The success of this program shows that Patelco is truly in a position to improve the financial lives of a great number of people. We look forward to sharing the program with many more people throughout the Bay Area and Sacramento.”
The program is available to members of the community as well as current credit union members. It is not necessary to already be a member of Patelco to “Switch to Save,” as anyone living or working throughout the Bay Area and Sacramento is eligible to participate. For more details about the program, click here.
About Patelco Credit Union
Founded in 1936, Patelco Credit Union ranks among the largest credit unions in the nation and is the fifth largest in California with more than $4 billion in assets and 275,000 members. Throughout its 77-year history, Patelco has helped people and their communities prosper through volunteer initiatives and personalized service that focuses on transparency, simplicity in banking, and garnering trust. Patelco is a federally insured, not-for-profit, full-service credit union that offers the same types of products and services as large banks. For more information, visit Patelco Credit Union at patelco.org.