
Patelco Credit Union has been making waves in the financial industry, and its CEO has been at the forefront of the movement. Patelco CEO, Tom Hall, has been leading the credit union with a focus on innovation and member satisfaction.
Patelco has been expanding its services, including the launch of a new mobile banking app. This app allows members to easily manage their accounts, pay bills, and transfer funds on the go.
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Patelco CEO Update
Erin Mendez has been named the new CEO of Patelco Credit Union, a $4 billion firm based in Pleasanton.
She brings 35 years of experience in the financial services sector and other industries to the role.
Mendez previously served as executive vice president and chief operating officer of Schools First Federal Credit Union in southern California.
She has spent over 25 years in the financial services industry, with the last 10 years at Schools First and earlier at Retail Banking at American Savings Bank, Western Financial Bank, and Health Net, Inc.
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Patelco's board chairman, Peter Hanelt, praised Mendez as a trusted, seasoned leader with a passion for serving members.
Mendez holds a Bachelor of Science degree in Business Administration and has completed executive development programs at California Institute of Technology and Harvard University.
She also earned a Certified Chief Executive certificate at The Wharton School at the University of Pennsylvania, The Johnson School at Cornell University, and Darden University of Virginia.
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Patelco News
Patelco has a new CEO, Erin Mendez, who comes from a senior executive position at Schools First Federal Credit Union. She has 35 years of experience in the financial services sector and other industries.
Mendez will assume leadership of Patelco in mid-August, taking over a $4 billion firm. She has spent over 25 years in the financial services industry.
Patelco's board chairman, Peter Hanelt, praised Mendez's leadership experience, financial acumen, and innovative thinking. He believes she has the right blend of skills to lead the credit union.
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Mendez has a strong educational background, with a bachelor's degree in Business Administration and completion of executive development programs at top universities. She has also earned a Certified Chief Executive certificate from prestigious business schools.
Patelco has had a few changes at the top, with Ken Burns resigning as CEO in 2012. Burns had taken over in 2009, aiming to turn the credit union around during a tough economic time.
Under Burns' leadership, Patelco achieved its best performing year in 2012, with over $55 million in net income.
Frequently Asked Questions
Who is Patelco owned by?
Patelco Credit Union is owned by its members, who are its primary stakeholders. As a not-for-profit credit union, it operates for the benefit of its members, not external shareholders.
How much is Patelco Credit Union worth?
Patelco Credit Union has approximately $9 billion in assets. With over 450,000 members nationwide, it's one of the largest credit unions in the country.
Sources
- https://www.pleasantonweekly.com/news/2013/07/31/pleasanton-based-patelco-names-new-ceo/
- https://www.prweb.com/releases/patelco_credit_union_announces_new_ceo/prweb10944828.htm
- https://www.americanbanker.com/creditunions/news/patelco-ceo-resigns-cu-begins-exec-search
- https://www.cutimes.com/2024/07/02/patelco-ceo-says-ransomware-challenges-may-last-for-days-or-weeks/
- https://www.woccu.org/about/people/bod
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