The right checking account can build a strong foundation — find one tailored to your unique needs.
The right savings account helps you grow toward your goals — find one that fits your needs and lifestyle.
Manage your Patelco accounts effortlessly with our comprehensive support services.
Low rates, no annual fees — Patelco credit cards fit every lifestyle and financial goal.
Flexible loans and lines of credit to consolidate debt or cover life’s big expenses
Flexible lending options and programs for new and existing homeowners.
Take advantage of one of life’s biggest investments.
Drive off with an affordable new or used vehicle, or save on one you already own.
Have your fun and freedom with a great loan that fits into your financial plan.
Explore payment options and answers to commonly asked questions about loan payments with Patelco.
Up to $50,000. As low as 11.65% APR.
Get support managing your personal loans and much more.
Learn more about our local expertise, guidance and personal service.
Get support managing your loans.
Get support managing your auto loans and much more.
Get support managing your debit and credit cards and loans.
Tailored investment solutions to help you plan, invest, and secure your financial future.
Comprehensive insurance solutions to protect your assets and loved ones.
Complimentary one-on-one guidance from our Certified Financial Specialists.
Connect with us and find the right insurance option that fits your needs.
We provide a number of banking solutions to help your small business grow with peace of mind and personalized service.
Help your business grow with the convenience of our worry-free checking account.
Enjoy the convenience of higher transaction limits with low monthly fees.
Earn rewards points on your purchases with extra security features, tools and benefits.
Ensure peace of mind and keep your business going with overdraft protection.
Everything your business needs — from hardware to software — to process payments.
Simple and secure Payroll Solutions to help you better manage your business.
A convenient, secure account that helps your business grow with no monthly fee.
Get the most out of your Patelco Business relationship with a rate as high as 3.25% APY.
Meet with our Virtual BranchTM to open your account from the comfort of your home or business. You can schedule a video appointment or meet instantly with a Patelco team member.
Patelco’s Digital Banking provides secure, convenient access to your accounts anytime, anywhere. Manage your finances effortlessly with our comprehensive suite of online and mobile services.
Sign up for Patelco Online™ to access and manage your accounts securely.
Schedule a video appointment or meet instantly with a Patelco team member.
Send and receive money instantly with friends and family using Zelle®.
Manage accounts, pay bills, and transfer funds securely from any device.
Transfer funds between accounts or send money to others quickly and securely.
Bank on the go: check balances, deposit checks, send money and more.
Schedule and manage your bill payments online with ease and confidence.
Make secure, contactless payments using your mobile device at participating merchants.
Download our Mobile App to check your balance, make transfers, pay bills, deposit checks, plan and save securely and conveniently from your phone or tablet.
Patelco Credit Union is a full-service, not-for-profit financial cooperative dedicated to helping members and communities prosper. With nearly $10 billion in assets and over 550,000 members nationwide, we are one of the largest credit unions in the nation.
Learn more about Patelco’s community values, service in action, impact, events and partnerships.
As your trusted financial partner, we’re solely focused on helping our members build and sustain their best financial lives. Learn what makes Patelco membership different.
Get expert guidance, tools and support to take control of your financial future — from fraud prevention to education, relief options, and personalized advice.
Protect yourself from scams with tools, alerts, and tips to keep your info secure.
Explore financial hardship resources, loan relief options, and personalized support.
Tune in for expert interviews and real-life stories to help you master your money.
Get one-on-one coaching and tailored financial guidance from our financial specialists.
Join live and on-demand webinars to grow your financial knowledge and confidence.
Access tools, articles, and interactive course to support smarter financial decisions.
Access articles, guides, and tools to enhance your financial knowledge.
Access to your accounts anywhere, anytime
Improve your cash flow when you first move in with a lower initial interest rate and payment.
With low payments
5, 7, or 10 years
An adjustable-rate mortgage provides a lower initial interest rate and payments than a fixed rate loan – and improves your cash flow when you first move in. Patelco offers 5, 7, or 10-year terms for an ARM. After that, your payments can increase or decrease with interest rate changes, based on the terms of your individual loan. The interest rate will cap during the adjustments and life of your loan. Depending on your situation, an ARM may be a good financial decision and can potentially save you money. It’s especially good for people who know they want to move in the near future or will pay off their mortgage loan in several years.
ARM loans are different from fixed-rate mortgage loans, which keep the same interest rate for the life of the loan.
Competitive rates, plus low-down-payment and bridge-loan-alternative programs
Personalized advice and guidance at each step – find your Home Loan Consultant
Explore our First-Time Buyer Learning Center to learn about the home-buying process
Make offers with confidence with an upfront full credit approval
We’re tightly connected to the communities we call home. You can rely on us for neighborhood-level insight
We work fast to meet your closing deadlines on time
Rates Effective 08/05/2024
Loan Program
Amount
Rate
APR1
How much home can I afford? (Below, “Monthly child support payments” refers to child support payments made as a monthly expense, not to income from child support.)
Calculations provided are for demonstration purposes only and do not guarantee credit approval for the rate and terms displayed.
An ARM provides a lower rate and payment in the early years of the loan – which helps improve your cash flow when you first move in. Patelco offers a fixed rate for the initial terms of 5,7, and 10 years. The money you save with a lower interest rate can be put in a higher yield savings or investment account. In addition, an ARM offers a good, less expensive option for home buyers who plan on relocating after a few years. Lastly, in a lower rate environment, borrowers can take advantage of falling rates without refinancing after their initial fixed rate term. They won’t have to worry about additional closing costs and fees.
The ARM offers a fixed rate for an initial period of 5, 7, or 10 years. After that initial fixed period, the interest rate adjusts. And while we put caps during the adjustments and the life of the loan, if the interest rate increases (for example in a higher rate environment), you may have higher payments. The higher payments may make it difficult on your budget and make planning challenging. Even if you carefully plan, it might make refinancing or selling your home difficult. ARMs are more complex than fixed-rate mortgage loans. We encourage you to speak with our expert Home Loan Consultants to discuss your options and find the right loan for you.
Your mortgage loan’s interest rate is affected by a variety of things, including your credit score, down payment, and the amount of your mortgage loan, among other factors. We encourage you to speak to a Home Loan Consultant for a more accurate quote.
The difference between a fixed rate and an adjustable-rate mortgage is that, for an adjustable-rate mortgage, the interest rate may go up or down. With a fixed rate mortgage, the interest rate is set when you take out the loan and will not change over the loan term.
It’s a common misconception that you need a 20% down payment to buy a home. We offer several programs designed to help make homeownership more affordable. Here’s an overview of the most common options and their benefits: 5% Down Loan
10% Down Piggyback Loan
Buying a home is an important milestone and one of the biggest financial decisions you’ll make. But it can be stressful if you’re unsure of what to expect.
Our Home Loan Consultants will answer all of your questions so you’re well prepared and informed every step of the way.
Whether it’s your first home, a vacation property or an investment purchase, our Home Loan Consultants will meet with you to discuss your plans and goals.
They’re located locally and have a unique understanding of the Bay Area and Sacramento areas.
Take advantage of dealing with a local expert instead of one across the country.
Learn more through our Financial Wellness library.
1 APR = Annual Percentage Rate. APRs are based on the following:
Rate shown at 60% loan-to-value (LTV), owner-occupied purchase with excellent credit and no subordinate financing. Your rate may be different than what is shown, there are pricing adjustments on certain scenarios. Rates, terms, conditions, and availability are subject to change or withdrawal at any time and without notice. Nothing herein is or should be interpreted as an offer or commitment to lend. Loans are subject to credit and property approval. Other conditions and restrictions may apply. Hazard insurance may be required. NMLS ID Number is 506373.
2 The index is the weekly average of the 1-year US Treasury securities adjusted to constant maturity of one year, as made available by the Federal Reserve. The caps are 2% annually and 6% lifetime based on the initial rate. The current index is 4.80. Your rate may be different than what is shown.
3 The index (for 5/5 product) is the weekly average of the 5-year US Treasury securities adjusted to constant maturity of five years, as made available by the Federal Reserve. The caps are 2% every adjustment and 5% lifetime based on the initial rate. The current index is 4.01. Your rate may be different than what is shown.
4 The index (for 10/10 product) is the weekly average of the 10-year US Treasury securities adjusted to constant maturity of ten years, as made available by the Federal Reserve. The caps are 3% every adjustment and 6% lifetime based on the initial rate. The current index is 4.10. Your rate may be different than what is shown.
