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Patelco to move headquarters out of San Francisco
SAN FRANCISCO (8/25/10)--Patelco CU, San Francisco, has decided to move its headquarters to Pleasanton, Calif. The $3.65 billion-asset credit union expects to complete its move to Pleasanton in February, said Ken Burns, Patelco CEO (The Contra Costa Times and Oakland Tribune Aug. 24). About 150 employees will move to then new site, the article said. Patelco looked at 75 to 100 office buildings before it settled on its new building. Patelco will establish a long-term presence in Pleasanton once the lease is finalized and signed, Burns said. The credit union intends to rent the offices for 15 years, he added. “This is very compelling for us financially, in terms of signage, growth potential, parking, visibility, all of the things you would look for in a long-term facility for a corporate presence,” Burns told the paper. Access to public transit also is a big factor, Burns added. A branch that is part of the credit union’s San Francisco headquarters will move to a nearby location. “That branch presence in San Francisco will remain,” Burns told the paper.


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