Meriwest Credit Union

Meriwest Credit Union

Company type	Credit Union
Industry	Financial services
Founded	May 5, 1961;64 years ago (1961-05-05)
Headquarters	San Jose, California , United States
Area served	Greater San Francisco Bay Area
Key people	Lisa Pesta, President/CEO Brian Hennessey, CFO Chad Maze, COO Board of Directors Arthur Jue, Chairman Scott Timpe, Vice Chairman Harsha Vyas, Treasurer Rosario Monge, Secretary Udey Chaudhry, Director Edwin Mach, Director Steve Goveia, Director Stan Chapman, Director Jim Hicks, Director Supervisory Committee Phil Fluegemann, Chairman Taylor Lee, Secretary Jason Laker, Member
Subsidiaries	Meriwest Mortgage, MW Wealth Advisors
Website	www.meriwest.com

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.

As of 2023 ^[update] , Meriwest Credit Union had over 80,000 members and $2.2 billion in total assets. ^[1]

History

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

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

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

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

1. "Credit Union Locator & Research a Credit Union | NCUA". mapping.ncua.gov. Retrieved 2023-12-04.
2. "Our Story: Milestones". Meriwest Credit Union. Retrieved 4 December 2023.
3. California Department of Financial Institutions (1999). "1999 Annual Report: Bridging Into the Future". State of California.
4. California Department of Financial Institutions (2007). "2007 Annual Report" (PDF). State of California.
5. Ogden, Michael (2022). "Meriwest CU Wins Financial Education Award". Credit Union Times. Retrieved 2023-12-04.
6. "State-Chartered Credit Unions: Meriwest Credit Union". Department of Financial Protection and Innovation.

External links

• "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.