Patelco Credit Union and Habitat for Humanity Join Forces for Affordable Housing

DUBLIN, Calif. – November 12, 2020 — Throughout the month of October, Habitat for Humanity East Bay/Silicon Valley hosted an adapted version of its annual charity cycling ride, Cycle of Hope, sponsored by Patelco Credit Union.

Cycle of Hope: Ride From Home allowed community members to raise critical funds to benefit affordable housing through Habitat for Humanity East Bay/Silicon Valley in a safe, impactful way. While Habitat for Humanity had to change gears by switching to virtual celebrations and relying on an app to track individuals’ rides, it was still a major success. This year, 500 cyclists joined the ride and were able to raise $266,992 for affordable housing opportunities in the Bay Area.

In its third year supporting the Cycle of Hope, Team Patelco – made up of 25 Patelco team members – was able to raise over $8,200.

“We’re so grateful for Patelco’s enduring support,” said Janice Jensen, President and CEO of Habitat for Humanity East Bay/Silicon Valley. “Their third year as Cycle of Hope’s Presenting Sponsor demonstrates not only their commitment to this event, but their longstanding partnership in Habitat’s work over the years.”

Harold DeGuzman, Vice President and Controller at Patelco, said, “I realize that the reality of homeownership is not a reality at all for a lot of people, especially in the Bay Area. It means a lot to me that an organization like Habitat exists to help families fulfill that reality. At Patelco, we believe in supporting everyday needs like housing for our communities.” Harold has been able to raise over $1,000 by telling the story of Habitat for Humanity and Patelco.

Dublin, Calif.-based Patelco Credit Union is a not-for-profit credit union committed to serving the financial health and wellbeing of its membership. With more than 380,000 members primarily in and around northern California, Patelco is committed to improving their members’ financial well-being and fueling hope and opportunity for its members by offering personalized solutions, advice, and expertise that empower them to achieve personal financial freedom. Founded in 1936 with $500 in assets by employees of the Pacific Telephone and Telegraph Company, Patelco is in the top one percent of U.S. credit unions with more than $8 billion in assets. For more information, visit https://www.patelco.org/.