Pleasanton Weekly

News - August 2, 2013

Pleasanton-based Patelco names new CEO

Southern California credit union executive takes top post here

Erin Mendez, a senior executive with 35 years of experience in the financial services sector and other industries, has been named chief executive officer of Pleasanton-based Patelco Credit Union.

Mendez will assume leadership of the $4 billion Patelco Credit Union in mid-August. Patelco, one of the nation's oldest and largest credit unions, is headquartered at 5050 Hopyard Road in Pleasanton.

Previously, Mendez was executive vice president and chief operating officer of Schools First Federal Credit Union, headquartered in Southern California. She has spent more than 25 years in the financial services industry, including the last 10 years at School First and earlier at Retail Banking at American Savings Bank, Western Financial Bank, and Health Net Inc.

Patelco posted an 11.04% net worth ratio at the close of 2012, well above the highest ranking of "well capitalized," a weighted standard set by the National Credit Union Association, the regulatory agency for all credit unions.

"Throughout our nationwide search, Erin Mendez stood out as a trusted, seasoned leader with a passion for serving members," said Peter Hanelt, Patelco's board chairman.

"She possesses a balanced mix of leadership experience, proven and tested financial acumen and innovative thinking that will provide the blend of practical skills and vision we view as vital to the future of Patelco."

In taking the post, Mendez said, "Patelco has long been known as an innovative leader in the financial services industry, and I am honored to join the ranks of the prestigious few who have shaped Patelco into the trusted, growing financial institution it is today."

Mendez has a bachelor of science degree in Business Administration and has completed executive development programs at California Institute of Technology and Harvard University as well as earning 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.

She and her husband currently reside in Ladera Ranch, Calif., and have three children.

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