DUBLIN, Calif. —Patelco Credit Union has been ranked 14th on GoBankingRates’ Best Credit Unions of 2021 list as well as landing on its Top 100 Best Bank of 2021 list.
The personal finance news website analyzed over 4,300 data points across more than 120 banks and 50 credit unions for its 9th Annual Best Banks and Credit Unions of 2021 aimed to help readers across the country achieve their financial goals in the new year.
“Patelco Credit Union offers a complete array of financial services products to allow you to do all of your banking in one place. When you open an account, you become a member of the credit union, which is owned by members, not shareholders,” GoBankingRates stated. “This means that Patelco can offer better interest rates because it doesn't need to worry about generating profits for shareholders.”
The team of researchers at GoBankingRates evaluated Patelco’s initial deposits, branch locations, mobile app ratings, late fees, savings rates, among other criteria, to determine its ranking on the list. “We’re honored to make GoBankingRates list of the best banks and credit unions in the country,” said Erin Mendez, president and CEO. “Our purpose is to make a positive difference in people’s lives and support the financial health and well-being of our members. Recognition from a national website dedicated to personal finance makes us feel extremely proud and motivated to continue to bring the very best products, services and experience to our members.”