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Meriwest Credit Union is an American member owned, not-for-profit credit union located in San Jose, California. The credit union offers financial services to communities in the Greater San Francisco Bay Area.
| Company type | Credit Union |
|---|---|
| Industry | Financial services |
| Founded | May 5, 1961 |
| Headquarters | , |
Area served | Greater San Francisco Bay Area |
Key people | Lisa Pesta, President/CEO Brian Hennessey, CFO |
| Subsidiaries | Meriwest Mortgage, MW Wealth Advisors |
| Website | www |
As of 2023[update], Meriwest Credit Union had over 80,000 members and $2.2 billion in total assets.[1]
History edit
The credit union began on May 5, 1961, when a group of IBM employees organized the IBM San Jose Employees Federal Credit Union.[2] In 1975 the official name changed to Pacific IBM Employees Federal Credit Union. In 1999, the Credit Union converted to state charter and changed its name to Meriwest Credit Union.[3] In 2007, Meriwest merged with Golden Bay Federal Credit Union.[4]
Community relationship edit
Meriwest Credit Union has a long history of providing support to its local communities by partnering with local charities and non-profit organizations, as well as providing free educational resources.
In 2022, the Credit Union National Association (CUNA) awarded Meriwest the 2022 National Desjardins Adult Financial Education Award for its workshops & programs to promote financial literacy.[5]
Membership requirements edit
At least one of these options listed below will apply:
- Live, work, or attend school in select counties within the Greater San Francisco Bay Area of Northern California, or Tucson, Arizona.
- Employee of a participating Meriwest Credit Union member company.
- Relative of or reside with a current member of Meriwest Credit Union.
Regulation edit
Meriwest Credit Union is chartered under the authority of the California Department of Financial Protection and Innovation (DFPI).[6] Members' deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the U.S. federal government.
References edit
- ^ "Credit Union Locator & Research a Credit Union | NCUA". mapping.ncua.gov. Retrieved 2023-12-04.
- ^ "Our Story: Milestones". Meriwest Credit Union. Retrieved 4 December 2023.
- ^ California Department of Financial Institutions (1999). "1999 Annual Report: Bridging Into the Future". State of California.
- ^ California Department of Financial Institutions (2007). "2007 Annual Report" (PDF). State of California.
- ^ Ogden, Michael (2022). "Meriwest CU Wins Financial Education Award". Credit Union Times. Retrieved 2023-12-04.
- ^ "State-Chartered Credit Unions: Meriwest Credit Union". Department of Financial Protection and Innovation.
External links edit
- "Meriwest Company Profile - The Business Journals". Companies.bizjournals.com. Retrieved 2017-04-10.
- "Meriwest Credit Union Careers and Employment". Indeed.com. 2015-06-23. Retrieved 2017-04-10.
- "Meriwest Credit Union in San Jose, California 95113". Mylocal.mercurynews.com. 1961-05-05. Retrieved 2017-04-10.
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