Patelco Teams up with HFH for Inaugural Cycle of Hope Bike Ride

As Presenting Sponsor, Patelco Helped Raise Over $232,000 Along With Hundreds of Road Bikers Who Took To the Streets of Palo Alto, California

PLEASANTON, CALIFORNIA, Nov. 8, 2018 — Patelco Credit Union on Saturday teamed up with Habitat for Humanity East Bay/Silicon Valley for its Inaugural Cycle of Hope fundraiser as its presenting sponsor, helping to raise over $232,000. 641 cyclists took part in races held throughout Palo Alto, California, ranging from the 17-mile beginner circuit, to the 100-mile challenge for experienced racers.

“As long-time supporters and volunteers for Habitat for Humanity, Patelco was honored to serve as the first ever Cycle of Hope presenting sponsor,” said Erin Mendez, Patelco’s President and CEO. “Over the years, Patelco employees have given thousands of volunteer hours to build affordable housing and fostering hope for the Bay Area, and many employees were excited to put down the hardhat and put on a bike helmet to support this crucial organization in a new way.”

“With Cycle of Hope, we’ve provided a fun and accessible way for the community to join this movement,” says Janice Jensen, President and CEO of Habitat East Bay/Silicon Valley. “It’s with this exemplarily group of people, including our friends at Patelco, that we’re able to create more affordable homeownership opportunities here, where they are unfortunately so few and far between.”

200 volunteers contributed to a total of 1,000 hours to help make Cycle of Hope a success, including Patelco team members, who also provided promotional support to help raise awareness about Cycle of Hope and Habitat for Humanity.

Patelco aims to help its members live their best financial lives. This philosophy also guides its involvement within the communities it serves by focusing on supporting charitable initiatives and organizations tied to financial literacy, healthy nutrition, affordable housing and children's health.

About Patelco Credit Union

Pleasanton, Calif.-based Patelco Credit Union is a not-for-profit credit union committed to serving the financial health and well being of its membership. With more than 330,000 members primarily in and around northern California, Patelco is committed to 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 $6.3 billion in assets. For more information, visit https://www.patelco.org/.

About Habitat for Humanity East Bay/Silicon Valley: As an independent affiliate of Habitat for Humanity International, Habitat East Bay/Silicon Valley believes in a world where everyone has a decent place to live. We create opportunities for families to transform their lives, gaining the strength, stability, and self-reliance they need to build a better future. Working together as a community, we build homes with affordable mortgages, repair and renovate existing homes, counsel first-time homebuyers, and revitalize neighborhoods in Alameda, Contra Costa, and Santa Clara counties. For more information, please visit HabitatEBSV.org or call 866.450.4432.