Remain vigilant for Patelco phone number spoofing. Our Patelco team will never reach out to you directly to ask for your card details, like expiration date or CVV code.
Our branches and call center are closed Monday, September 2.
The right checking account 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 our payment support center to learn more about loan modification options.
Up to $50,000. As low as 12.40% APR.
Get support managing your debit and credit cards and loans.
Learn more about our local expertise, guidance and personal service.
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.
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.
Manage accounts, pay bills, and transfer funds securely from any device.
Bank on the go: check balances, deposit checks, send money and more.
Make secure, contactless payments using your mobile device at participating merchants.
Schedule and manage your bill payments online with ease and confidence.
Transfer funds between accounts or send money to others quickly and securely.
Send and receive money instantly with friends and family using Zelle®.
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 500,000 members nationwide, we are one of the largest credit unions in the nation.
Higher savings, better rates, and fewer fees. Patelco membership connects you to more.
Discover all the perks, savings and resources that come with being a Patelco member.
Learn about our history, our core values and our mission to build financial wellbeing.
Meet the people who are dedicated to helping you live your best financial life.
We’re united in our mission to help uplift each other, our members and communities.
Patelco’s latest news and announcements, media and press, awards and more.
See exactly how we’re doing by reviewing our latest financials.
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.
Learn more about Patelco’s community values, service in action, impact, events and partnerships.
Learn about our impact, purpose and involvement in the communities we call home.
Check out our sponsored community events and ones we participate in.
Discover how we can create a stronger culture of financial health for your employees.
Follow and like us to get the latest news, financial tips, and special offers.
Access to your accounts anywhere, anytime
Rolling over your 401(k) account balance into your IRA is a great way to get greater control over your retirement funds.
18 or over with earned income can contribute
$7,000 under age 50 or $8,000 if age 50 or older
Rollover to Traditional IRA or Roth IRA
When you leave a job, you don't have to leave your employer-sponsored 401(k) retirement plan behind. For most people rolling over a 401(k) into an IRA is a great option. When you roll over to an IRA, you can maintain tax-advantaged status of your retirement savings when you follow the IRA rules.
Withdrawals are penalty-free once IRA owner reaches 59 1/2
Maintain tax-deferred status of your retirement savings
Guaranteed return on principal with automatic renewal at maturity; Federally insured up to $250,000
Talk to a CFS Financial Advisor available through CUSO Financial Services, L.P. ("CFS") about your options2
Calculations provided are for demonstration purposes only and do not guarantee credit approval for the rate and terms displayed.
When you change jobs or retire and have savings left in your former employer's retirement plan, you typically have several options when deciding what to do with your money. If you opt to move your money into an IRA, you'll determine if a traditional IRA or Roth IRA is right for you. This generally depends on the type of money in your original account and your tax situation. It's common to roll pre-tax money into a traditional IRA and post-tax money into a Roth IRA. You can usually open your IRA online, over the phone, in person, or by mail and then fund it by requesting to transfer money from your former employer's retirement plan to your new account.
If you reach the age of 50 before the end of the taxable year, you may be eligible to contribute an additional catch-up contribution to your Traditional and/or Roth IRA.
You can open and fund one without employer participation Contributions/earnings are tax-deferred until retirement. Depending on your plan participation and income, you may benefit from tax deductions. Your funds are always available, generally not true of employer plans. There’s no minimum contribution.
The main difference between them is when you pay taxes. A traditional IRA is tax deferred. This means that you can contribute money before it's taxed, and you don't owe taxes on those contributions or your earnings until you withdraw the money. It's likely that you will be earning less when you begin to withdraw from your IRA, which means that you may end up being in a lower tax bracket and paying less overall in taxes. If you qualify, you may also be able to deduct your contributions to your IRA on your federal income tax return, which can lower how much you will need to pay. A Roth IRA is not tax deferred, which means you owe taxes when you contribute the money to the account. But that means you won't have to worry about paying them later and your contribution can grow tax-free. Withdrawals of contributions and earnings are tax free if your account has been open at least five years, and you're at least 59 and a half.
If you want to make a withdrawal before you're 59 and a half, you'll have to pay a 10% tax penalty. On the other hand, you must begin to take required minimum distributions (RMDs) after you turn 73 if you have a traditional IRA. This is a minimum amount that you're required to withdraw each year. RMDs are taxed as ordinary income. If you have a Roth IRA, you won't have an RMD.
Additional FAQs can be found here
We want to help you with your Rollover IRA. Schedule a complimentary meeting with any of our experienced CUSO Financial Services, L.P. ("CFS") financial advisors. We'll talk with you about your goals and interests, find out where you are financially, and get you started on a path that works for you.
To learn more, watch this video from Jane Krueger, CFP, Financial Advisor, CUSO Financial Services, L.P. at Patelco Credit Union.
All roads lead to retirement and saving for this major life event starts as soon as you're working. With tax incentives that we get from the IRS for saving for your own retirement, it's easy. It's cheaper too, if you invest in some solid stock funds and let the global economic growth build your assets over your lifetime. As people near retirement, they almost intuitively want to move to safe and conservative investments. I get it, but I always have to remind clients that at age 65, you could be 20 or 30 years away from your long-term goals.
Investments in money market savings and CDs have never kept pace with inflation and taxes. In fact, every 20 years, our money’s worth about half as much or has about half of the purchasing power. Luckily, there are products that offer principal protection and potential growth from market indexes.
A good financial advisor can help you invest, accumulate, consolidate and eventually plan for the distribution of your retirement assets to you.
Retirement Planning
Planning for retirement and wondering how much you need to retire? Patelco can help you determine how much to save and plan your retirement income.
Are you between the ages of 41-55? Get Generation X retirement strategies whether you are on track or need to do a little catch up!
1 Consult tax advisor about IRA tax advantages.
2 Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Patelco Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.
Financial Advisors are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will be made only upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.
