Regular Savings

Patelco is a member owned, not-for-profit financial cooperative. When you join Patelco, you become a member and a shareholder. That’s why we’ll deposit one share ($1) in your Share Savings account when you join.
Our mission is to help members achieve lifelong financial wellbeing so you can live happier, fuller lives.
Unlike the big banks or other for-profit financial institutions, we invest our profits back in our members with better rates and low- to no fees.
We also offer free financial advice to anyone who wants to improve their financial situation. Members have told us that they feel seen, heard, informed, and supported to make more confident financial choices.
Membership is free and comes with great benefits. You become a member when you open an account with us.

No. There’s no monthly fee and no minimum balance requirements.

You will receive your debit card in the mail typically within 5 business days after you’ve opened your account. Or, you can pick up a debit card at a branch near you.

When you join Patelco, you become a member and a shareholder. The $1 we deposit into your shares savings account is your “share” in Patelco. As a member-owner – your voice is heard. With other for-profit banks or fintech, you are a customer who buys something, or a client who receives a professional service in return for a payment.

Our ScoreUp Loan is designed to help you establish credit if you have no credit, little credit or may need some help improving your credit score. Loan proceeds are deposited into a ScoreUp Savings Account and the funds will be available when the loan is paid in full. By making manageable monthly payments on time, you’ll be establishing a positive credit history, while also growing your savings. (Automatic payments from a Patelco account are required.)