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Notice of the 2023 Annual Meeting

We are conducting the 2023 Annual meeting by Electronic Transmission as provided in Section 411 of the Amended and Restated Bylaws of Patelco Credit Union effective April 28, 2017 (the “Bylaws”). The Annual Meeting will be hosted by video conference on April 28, 2023, at 5pm PT. Members can register by submitting an email request to annualmeeting@patelco.org. Questions will not be taken during the Annual Meeting, so please submit any questions that you have in advance along with your attendance request. Answers will be provided during the virtual meeting. Registration will end at 11:59pm PT on April 17, 2023.

Annual Meeting materials

The Annual Meeting materials are available for download. The materials will include the following:

Please note that there is no new business to discuss. The only matter requiring a vote of the members in attendance is approval of the 2022 Annual Meeting minutes. The Directors nominated will be approved by acclamation of the Board of Directors as provided by the Bylaws.

Patelco Credit Union 2023 list of candidates nominated

Board of Directors – Four (4) positions to be filled by acclamation of the Board of Directors as provided in the Bylaws:

Colleen Cabey	3-year term
Debbie Chaw	3-year term
Vickie Rath	3-year term
Jesse Rivera	3-year term

We’re in this together

As we move into 2023 and its economic uncertainty, we will continue to focus on our mission to build our members’ financial health and wellbeing. 2022 was a successful year for Patelco despite global events and some continuing effects from the pandemic. The Fed has indicated that it plans to continue raising rates to fight inflation – which is good news for savers but challenging for those with variable rate debt. Already, we’ve seen the effects of inflation in terms of members increasing spending and debt payments. Nationally and globally, the economy is projected to expand at a slower rate as financial conditions tighten. Some economists are forecasting a recession during 2023, but there’s also optimism for a pivot by the Fed later in the year towards lower rates. The labor market remains tight, which is good for workers, and many state governments are entering 2023 with record-high reserves, which could help the overall economy weather a recession this year. Whatever 2023 brings, Patelco has the financial stability to continue supporting our members and helping them deal with whatever financial challenges come.

Sincerely,

Erin Mendez
President & CEO
Patelco Credit Union

2022 tax information — plus an exclusive TurboTax discount

It's tax time, and Patelco is here to help. We're making your tax documents available online, plus answering your most popular tax questions.

Find your tax documents in Patelco Online™
1099-INT statements will be ready by January 31, 2023 (or earlier if you get an email telling you that your tax documents are ready).

Only members who earned more than $10 in interest with Patelco during 2022 will receive a 1099-INT statement from Patelco for 2022.

If you are receiving a 1099-INT statement, on January 31, 2023, log in to Patelco Online™ and tap or click on the account that earned interest. Select the Statements & Documents tab, and then look in the middle of the page for the Tax Reports tab. (You will only receive a 1099-INT statement if you earned $10 or more in interest with Patelco during 2022.)

If you're looking for tax documents besides 1099-INT statements, check out our updated Tax Time FAQs.

Get your TurboTax discount
As a Patelco member, you get an exclusive discount with TurboTax — get your discount now.

More questions?
For questions about everything from refund checks to direct deposit, refer to our updated Tax Time FAQs.

We're protecting you with our top-notch cybersecurity

August 1, 2022 — Global conflict has dominated the news this week, including coverage of cyberattacks. While there's no particular threat to Patelco, we’re writing today to share how we protect your accounts – so you know your money and your information are safe and secure 24/7.

Here's how we're guarding you:

Our devices are protected
All the hardware our organization uses has best-in-class protection – from laptops to phones to data servers.
Our networks are monitored
We protect our communications and data with next-generation security systems that monitor and control incoming and outgoing network traffic. Our firewalls are monitored and managed by a global cybersecurity firm, and our network traffic is analyzed for threats 24 hours a day.
Our team's accounts are secured
To secure our team members' access to our mission-critical systems, Patelco uses a leading information security company with over 20 years of experience protecting financial institutions We further protect all our administrative accounts with multifactor authentication (MFA) — think of it like a vault requiring multiple keys to access. Here's how to set up that same protection for your online banking account.
We have plans in place to respond to any unexpected cyber events
We routinely test and refine our incident response plans so that we’re prepared in the event of anything unexpected.
We've got the knowledge you need to protect yourself
As always, you too play an important role in account security: by keeping your personal information private. Never share these 5 pieces of information with anyone who contacts you – even if they claim to be from Patelco.

President and CEO Erin Mendez joins Patelco Board

September 13, 2021 — Patelco President and CEO Erin Mendez has been appointed to the Patelco Board of Directors. Mendez will fill the term of former board member Emily Shubert through April 22, 2022. At that time, she will have the opportunity to be re-elected to serve a three-year term.

“Erin has been instrumental in Patelco's growth and transformation over the past eight years and we're extremely proud to welcome her to the board,” said Peter Hanelt, Patelco Credit Union's Chairman of the Board. “While it's common for a CEO to be on the board of a public company, it's certainly less so among credit unions. Appointing Erin is a recognition of her unwavering commitment to improving the financial health and well-being of more than 400,000 Patelco members throughout Northern California. It's also a result of her governance, strategic planning, and overall leadership within the credit union industry.”

Our San Ramon branch has moved to a new location

August 9, 2021 — Our San Ramon Crow Canyon branch has closed and we are excited to announce that our San Ramon City Center branch is now open!

This new larger space located at 6000 Bollinger Canyon Rd offers parking available directly in front, private member service offices, and free and open community workspace including free wifi.

On behalf our San Ramon Valley team, we look forward to seeing you at our new location!

Patelco News