Message from the President


Jim Ernest

I'm happy to share that we're getting closer to launching our new website. In addition to a brand-new look, improved navigation and enhanced security, we've made ease-of-use a top priority. Among a variety of new features, you'll have convenient access to all our forms in the new Applications Center.

Other updates I'd like to share:

The build-out of our new location in the Fremont Hub will be completed this month.

Meet the Branch Manager, Vinisha Patel. Vinisha has over 14 years of retail banking and 11 years of management experience. She played a vital role in the successful opening of our new Dublin Branch and spends many weekends representing Provident Credit Union at open houses and local community events. She's a true team player and is relied upon to provide training and management coverage for numerous branches. Vinisha is a pro in growing and nurturing business relationships with local employer groups, realtors, dealerships and solar companies. Vinisha is currently working towards a degree in Business Administration, and we are excited about her future.

We're working on securing a site for an additional branch in San Jose in the Blossom Hill/Santa Theresa Road area. Stay tuned for updates.

Provident is a great place to work.Top Work Place

Every year, the Bay Area News Group solicits employees to nominate their companies for the coveted Top Workplace award. For the third year in a row, Provident qualified as a Top Workplace in the mid-size category of 150-500 employees. The official announcement was capped by a celebratory party at Levi Stadium in June, attended by 20 of Provident's top performers.

Term deposit rates at PCU are extremely competitive, and it may be a good time to ladder investments with CDs.

Here's an example on how to execute a ladder:

  • $50,000 in a 12-month CD with 2.16% APY*
  • $50,000 in a 24-month CD with 2.51% APY*
  • $50,000 in a 36 month CD with 2.56% APY*
  • $50,000 in a 48 month CD with 2.61% APY*
  • $50,000 in a 60 month CD with 2.66% APY*

When the 12-month CD matures, open a new five-year CD. When the 24-month CD matures, open another five-year CD, and so on. In five years, you'd have only the higher-yielding five-year CDs in your ladder — and every year one of them will mature.

We've been involved in the community.Volunteers

Provident is committed to helping better the communities we serve and assisting local non-profits. We've been very active in 2019. In the first half of the year, Provident employees volunteered over 500 hours of community service and coordinated and hosted three blood drives. In addition, Provident provides annual financial sponsorship for many organizations including American Cancer Society, Samaritan House, the American Heart Association and Second Harvest Food Bank. For more information on our community outreach, follow us on Facebook:

We will continue to work on finding new ways to bring value to your membership, which includes the launch of our new website and opening additional branch locations. We appreciate your continued business with Provident.


Jim Ernest

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