Patelco Credit Union
501(c)(14)
Strong reserves Growing revenue
Patelco Credit Union is a 501(c)(14) organization based in Dublin, California, registered in 1961, with $527,538,511 in FY2024 revenue.
3 Park Pl, Dublin, CA, 94568 EIN 94-0755684 Since 1961
Revenue (FY2024)
$527.5M
▲ 18.5% vs prior year
Expenses (FY2024)
$521.3M
Net assets
$871.2M
Employees
851
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Patelco Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Patelco Credit Union: 20 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Patelco Credit Union: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Patelco Credit Union: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To build our members' financial health and wellbeing.
What they do
Patelco credit union provided members 58,718 consumer loans totalling $950,862,121 in 2013.
Patelco credit union offered loans, deposits and other services to 277,752 members in 2013.
Contact & location
- Address
- 3 Park Pl, Dublin, CA, 94568
- City
- Dublin
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $158.2M (FY2013) to $527.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $8.5BNet assets $871.2M
Operating margin
1.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$9.4B
Total liabilities
$8.5B
Net assets
$871.2M
Salaries & benefits
$113.3M
22% of expenses
Board members
11
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $527,538,511▲18.5% | $521,333,437▲40.0% | $871,164,000▲5.0% | $9,414,390,000▼3.1% | 990 |
| 2023 | $445,084,380▲41.4% | $372,513,460▲53.0% | $829,449,000▲11.1% | $9,714,731,000▲7.1% | 990 |
| 2022 | $314,717,655▲13.9% | $243,406,109▲10.6% | $746,415,000▼11.3% | $9,073,686,000▲0.3% | 990 |
| 2021 | $276,202,116▼0.8% | $220,010,224▼11.1% | $841,768,000▲4.9% | $9,047,982,000▲7.3% | 990 |
| 2020 | $278,445,780▼7.1% | $247,581,568▲5.4% | $802,551,000▲5.6% | $8,433,823,239▲15.7% | 990 |
| 2019 | $299,706,510▲13.2% | $234,831,465▲17.8% | $760,188,292▲11.6% | $7,290,342,964▲10.6% | 990 |
| 2018 | $264,823,443▲20.6% | $199,301,098▲19.2% | $680,965,532▲8.8% | $6,592,553,961▲8.9% | 990 |
| 2017 | $219,637,554▲11.0% | $167,139,572▲12.4% | $626,114,448▲8.8% | $6,055,263,986▲10.8% | 990 |
| 2016 | $197,930,997▲14.3% | $148,663,366▲4.0% | $575,234,828▲8.7% | $5,463,556,120▲15.2% | 990 |
| 2015 | $173,161,261▲8.4% | $142,974,205▲22.2% | $529,120,732▲4.4% | $4,741,673,876▲13.0% | 990 |
| 2014 | $159,683,742▲1.0% | $116,985,443▲10.2% | $506,588,471▲7.2% | $4,195,707,329▲4.6% | 990 |
| 2013 | $158,175,470 | $106,170,645▼10.0% | $472,717,413▲9.8% | $4,011,238,511▲3.6% | 990 |
| 2012 | — | $117,974,733▼23.1% | $430,507,920▲14.1% | $3,871,998,534▲7.2% | 990 |
| 2011 | — | $153,412,193▼6.6% | $377,445,380▲4.4% | $3,611,613,563▲1.1% | 990 |
| 2010 | — | $164,172,445 | $361,694,569 | $3,571,214,395 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Erin Mendez — $1,570,994 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Erin Mendez | President/ceo/director | 40 | $1,570,994 |
| Emmanuel Pablo | Finanical Advisor III | 40 | $1,518,446 |
| Yen Pham | External Home Loan Consultant | 40 | $1,004,618 |
| Rolland Jurgens | Chief Financial Officer | 40 | $624,194 |
| Mitsuho Wada | Chief Lending Officer | 40 | $610,765 |
| Melissa Morgan | Chief Retail Officer | 40 | $587,891 |
| Kalyan Majmundar | Chief Technology Officer | 40 | $576,334 |
| Angela Jeffers | Svp, General Counsel | 40 | $573,289 |
| Susan Makris | Chief People Officer | 40 | $533,536 |
| David Fong | Svp, Internal Audit (ended 12/2024) | 40 | $532,232 |
| Maninder Johal | External Home Loan Consultant | 40 | $531,312 |
| Aju Asar | Svp, Strategy and Planning | 40 | $448,050 |
| Ameet Seth | Svp, Delivery | 40 | $433,526 |
| Armand Abhari | Svp, Operations | 40 | $348,236 |
| Colleen Cabey | Director | 5 | — |
| Debbie Chaw | 2nd Vice Chair/director | 5 | — |
| Garick Zillgitt | 1st Vice Chair/director | 5 | — |
| Jeffrey Parks | Director | 5 | — |
| Jesse Rivera | Chairperson/director | 5 | — |
| Manuel Arens | Director (as of 5/1/24) | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Allied Universal Security Services | Security Services | $1,184,280 |
| Mortgage Cadence LLC | Mortgage Services | $656,000 |
| Plante & Morgan Pllc | Accounting Services | $476,190 |
| Heartland Valuation Service LLC | Appraisal Services | $475,715 |
| The Facilities Group National LLC | Facility Services | $468,275 |
Grants made · $305K in FY2024
13 grants totaling $305K in FY2024. All grants made by Patelco Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Habitat For Humanity International Inc | Charitable donations | $65,000 |
| Childrens Miracle Network | Charitable donations | $42,650 |
| Worldwide Foundation For Credit Unions Inc | Charitable donations | $40,000 |
| National Credit Union Foundation Inc | Charitable donations | $33,000 |
| Family Giving Tree | Charitable donations | $26,050 |
| Sacramento Food Bank & Family Services | Charitable donations | $20,104 |
| Second Harvest of Silicon Valley | Charitable donations | $20,000 |
| Kids Bike Lane | Charitable donations | $10,200 |
| Redwood Empire Food Bank | Charitable donations | $10,000 |
| San Francisco Food Bank | Charitable donations | $10,000 |
| Merced County Food Bank | Charitable donations | $10,000 |
| The Alameda County Community Food Bank Inc | Charitable donations | $10,000 |
| California Credit Union League | Charitable donations | $7,825 |
Frequently asked questions
- Is Patelco Credit Union a legitimate nonprofit?
- Yes. Patelco Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 94-0755684, based in Dublin, California.
- What is Patelco Credit Union's EIN?
- Patelco Credit Union's Employer Identification Number (EIN) is 94-0755684.
- How much revenue does Patelco Credit Union report?
- Patelco Credit Union reported $527,538,511 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Patelco Credit Union's highest-paid employee make?
- The highest reported compensation on Patelco Credit Union's latest Form 990 is $1,570,994, paid to Erin Mendez (President/ceo/director).
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Data for Patelco Credit Union (EIN 94-0755684) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.