Nonprofit · EIN 94-0755684
PATELCO CREDIT UNION
Tax-exempt · DUBLIN, CA 94568
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $527,538,511 | $521,333,437 | $6,205,074 | $9,414,390,000 | $8,543,226,000 | $871,164,000 |
| December 31, 2023 | 990 | $445,084,380 | $372,513,460 | $72,570,920 | $9,714,731,000 | $8,885,282,000 | $829,449,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $377,340,780
- Investment income
- $132,949,749
- Net rental income
- $3,160,099
- Net gain from sales of assets
- $38,002,969
- Other revenue
- $17,247,982
Expenses
- Grants and similar amounts paid
- $365,545
- Compensation of officers, directors and key employees
- $5,733,526
- Other salaries and wages
- $82,365,032
- Salaries, compensation and benefits (total)
- $113,284,039
- Professional fundraising fees
- $0
- Legal fees
- $1,783,831
- Accounting fees
- $639,075
- Occupancy
- $17,512,042
- Travel
- $1,022,528
- Depreciation
- $2,748,607
Balance sheet and other
- Total assets, start of year
- $9,714,731,000
- Total assets, end of year
- $9,414,390,000
- Total liabilities, end of year
- $8,543,226,000
- Net assets, end of year
- $871,164,000
- Land, buildings and equipment
- $92,402,937
- Publicly traded securities
- $1,451,108,841
- Gross unrelated business income
- $140,955
- Gross receipts
- $527,608,522
- Employees
- 851
- Volunteers
- 10
- Year formed
- 1936
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIN MENDEZ | PRESIDENT/CEO/DIRECTOR Trustee or director, Officer | 40 | $1,570,994 | $306,983 |
| EMMANUEL PABLO | FINANICAL ADVISOR III Highest-paid employee | 40 | $1,518,446 | $55,291 |
| YEN PHAM | EXTERNAL HOME LOAN CONSULTANT Highest-paid employee | 40 | $1,004,618 | $35,703 |
| MELISSA MORGAN | CHIEF RETAIL OFFICER Key employee | 40 | $587,891 | $379,378 |
| MITSUHO WADA | CHIEF LENDING OFFICER Key employee | 40 | $610,765 | $341,393 |
| SUSAN MAKRIS | CHIEF PEOPLE OFFICER Key employee | 40 | $533,536 | $388,438 |
| ROLLAND JURGENS | CHIEF FINANCIAL OFFICER Officer | 40 | $624,194 | $55,291 |
| KALYAN MAJMUNDAR | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $576,334 | $50,881 |
| ANGELA JEFFERS | SVP, GENERAL COUNSEL Highest-paid employee | 40 | $573,289 | $36,168 |
| DAVID FONG | SVP, INTERNAL AUDIT (ENDED 12/2024) Highest-paid employee | 40 | $532,232 | $51,866 |
| MANINDER JOHAL | EXTERNAL HOME LOAN CONSULTANT Highest-paid employee | 40 | $531,312 | $26,530 |
| AJU ASAR | SVP, STRATEGY AND PLANNING Key employee | 40 | $448,050 | $48,610 |
| AMEET SETH | SVP, DELIVERY Key employee | 40 | $433,526 | $51,843 |
| ARMAND ABHARI | SVP, OPERATIONS Key employee | 40 | $348,236 | $39,974 |
| JESSE RIVERA | CHAIRPERSON/DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICKIE RATH | TREASURER/DIRECTOR Trustee or director, Officer | 5 | $0 |
| TRACEY SCOTT | SECRETARY/DIRECTOR Trustee or director, Officer | 5 | $0 |
| ROBERT MCCORMISH | DIRECTOR Trustee or director | 5 | $0 |
| RACE CHEN | DIRECTOR (ENDED 5/1/24) Trustee or director | 5 | $0 |
| PETER HANELT | DIRECTOR Trustee or director | 5 | $0 |
| COLLEEN CABEY | DIRECTOR Trustee or director | 5 | $0 |
| DEBBIE CHAW | 2ND VICE CHAIR/DIRECTOR Trustee or director, Officer | 5 | $0 |
| GARICK ZILLGITT | 1ST VICE CHAIR/DIRECTOR Trustee or director, Officer | 5 | $0 |
| JEFFREY PARKS | DIRECTOR Trustee or director | 5 | $0 |
| MANUEL ARENS | DIRECTOR (AS OF 5/1/24) Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ERIN MENDEZ | PRESIDENT/CEO/DIRECTOR Trustee or director, Officer | 40 | $1,434,352 | $309,867 |
| MITSUHO WADA | CHIEF LENDING OFFICER Key employee | 40 | $535,006 | $457,939 |
| EMMANUEL PABLO | FINANICAL ADVISOR II Highest-paid employee | 40 | $937,505 | $53,310 |
| MELISSA MORGAN | CHIEF RETAIL OFFICER Key employee | 40 | $544,370 | $387,153 |
| SUSAN MAKRIS | CHIEF ADMINISTRATIVE OFFICER Key employee | 40 | $502,019 | $387,153 |
| YEN PHAM | EXT HOME LOAN CONS Highest-paid employee | 40 | $575,585 | $33,204 |
| KALYAN MAJMUNDAR | CHIEF TECHNOLOGY OFFICER Key employee | 40 | $549,158 | $48,823 |
| ANGELA JEFFERS | SVP, GENERAL COUNSEL Highest-paid employee | 40 | $534,411 | $33,455 |
| DAVID FONG | SVP, INTERNAL AUDIT Highest-paid employee | 40 | $495,911 | $47,640 |
| ROLLAND JURGENS | CHIEF FINANCIAL OFFICER Officer | 40 | $462,998 | $53,310 |
| AJU ASAR | SVP, STRATEGY, PLANNING, & EXECUTION Highest-paid employee | 40 | $421,584 | $44,428 |
| AMEET SETH | SVP, DELIVERY Key employee | 40 | $406,059 | $50,177 |
| VINCENT SALINAS | VP, HOME LOANS Key employee | 40 | $362,993 | $23,003 |
| JOSHUA GARRISON | VP, CONSUMER LENDING Key employee | 40 | $316,308 | $42,356 |
| ARMAND ABHARI | SVP, OPERATIONS Key employee | 40 | $243,862 | $36,189 |
| JESSE RIVERA | CHAIRPERSON/DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| VICKIE RATH | TREASURER/DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| TRACEY SCOTT | SECRETARY/DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| ROBERT MCCORMISH | DIRECTOR Trustee or director | 5 | $0 | $0 |
| RACE CHEN | DIRECTOR Trustee or director | 5 | $0 | $0 |
| PETER HANEL | DIRECTOR Trustee or director | 5 | $0 | $0 |
| COLLEEN CABEY | DIRECTOR Trustee or director | 5 | $0 | $0 |
| DEBBIE CHAW | 2ND VICE CHAIR/DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| GARICK ZILLGITT | 1ST VICE CHAIR/DIRECTOR Trustee or director, Officer | 5 | $0 | $0 |
| JEFFREY PARKS | DIRECTOR Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3 PARK PL, DUBLIN, CA 94568-7983
- In care of
- % RAQUEL FLORES
- Principal officer (990 for 2024)
- ERIN M MENDEZ, 3 PARK PLACE, DUBLIN, CA 94568
- Signed the 990
- MICHAEL MATHENY, CONTROLLER
- Phone
- (800) 358-8228
- Website
- WWW.PATELCO.ORG
- Return prepared by
- WOLF & COMPANY PC
California records
California keeps its own records of charities and corporations. Search them by EIN 94-0755684 or by the name PATELCO CREDIT UNION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO BUILD OUR MEMBERS' FINANCIAL HEALTH AND WELLBEING.
Program accomplishments
- PATELCO CREDIT UNION IS A STATE-CHARTERED CREDIT UNION THAT IS COMMITTED TO BUILD MEMBERS' FINANCIAL HEALTH AND WELLBEING. ITS PRIMARY FUNCTION IS TO PROVIDE LOANS TO ITS MEMBERS AS WELL AS ACCEPT DEPOSITS FROM THEM. IN 2024, THE CREDIT UNION PROVIDED MEMBERS WITH 2,103 NEW REAL ESTATE LOANS TOTALING $720,842,000 AND 37,966 NEW CONSUMER LOANS TOTALING $756,037,000. AS OF DECEMBER 31, 2024, THERE WERE 1,059,272 DEPOSIT ACCOUNTS TOTALING $7,906,661,019.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-0755684
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $9,414,390,000
- Income (IRS master file)
- $527,608,522
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $527,538,511 | $521,333,437 | $9,414,390,000 | XML |
| 990 | December 2023 | $445,084,380 | $372,513,460 | $9,714,731,000 | XML |
| 990 | December 2022 | $314,717,655 | $243,406,109 | $9,073,686,000 | IRS |
| 990 | December 2021 | $276,202,116 | $220,010,224 | $9,047,982,000 | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-0755684).
Questions about PATELCO CREDIT UNION
- What is the EIN of PATELCO CREDIT UNION?
- The employer identification number (EIN) of PATELCO CREDIT UNION is 94-0755684.
- Is PATELCO CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Which annual return does PATELCO CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PATELCO CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PATELCO CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PATELCO CREDIT UNION?
- The 990 for the year ended December 31, 2024 names ERIN M MENDEZ.
- Who are the officers and directors of PATELCO CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 25 people; 14 received compensation from the organization, the highest $1,570,994 (ERIN MENDEZ, PRESIDENT/CEO/DIRECTOR).
- How much revenue does PATELCO CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $527,538,511, expenses of $521,333,437 and total assets of $9,414,390,000 at year end.
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