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Not Federally Insured

Monterey Credit Union is headquartered in MONTEREY and is the 111st largest credit union in the state of California. It is also the 912st largest credit union in the nation. It was established in 1968 and as of March of 2014, it had grown to 72 employees and 19,543 members. Monterey Credit Union has a A health rating.

Field of Membership Restrictions

Membership is available to anyone who lives or works in the counties of Monterey, Santa Cruz, San Benito, San Luis Obispo, or Santa Clara counties. Members who move out of the area do not lose their Credit Union standing - you are a member for life! If you do move out of the area, our remote banking services will allow you to continue to bank with us and continue to receive worldclass member service!!! - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Monterey Credit Union had $475,000 in non-current loans and owned real-estate with $30.4 million in equity and loan loss allowances on hand to cover it. This gives Monterey Credit Union a Texas Ratio of 1.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Monterey Credit Union decreased dramatically from 3.19% as of March 31, 2013 to 1.56% as of March 31, 2014, resulting in a positive change of 50.98%.This indicates that the balance sheet and financial strength for Monterey Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Monterey Credit Union has decreased its total deposits by -$3.08 million, resulting in -1.71% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Monterey Credit Union has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Monterey Credit Union has $209.51 million in assets with $30.4 million in equity, resulting in a capitalization level of 14.51%, which is excellent.

Institution Statistics

NCUA #97071
Year Chartered1968
Primary Regulator
Assets and Liabilities
Assets$209.51 million
Loans$116.86 million
Deposits$176.81 million
Equity Capital$28.43 million
Loan Loss Allowance$1.97 million
Unbacked Noncurrent Loans$475,000
Real Estate Owned$0
Historic Data - March 2013
Assets$211.70 million
Equity Capital$28.51 million
Loan Loss Allowance$2.39 million
Unbacked Noncurrent Loans$475,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.49%
Return on Equity3.6%
Interest Income$2.08 million

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Monterey Credit Union Savings Account Rates

0.20%$250k-Platinum Savings
0.10%$10k-High Rate Savings
0.10%$50k-Christmas Club
0.05%--Market IRA
0.05%--Market Roth IRA
0.05%--Market CESA
0.01%--Share Savings

Monterey Credit Union Money Market Rates

0.10%$50k-Money Market

Monterey Credit Union Checking Account Rates

0.01%$250-Market Checking

Monterey Credit Union CD Rates

0.35%$50k-24 Month CD
0.30%$50k-18 Month CD
0.25%$50k-12 Month CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD
0.10%$100k-30 Day Jumbo CD
0.10%$100k-60 Day Jumbo CD

Monterey Credit Union IRA Rates

0.35%$50k-24 Month IRA
0.30%$50k-18 Month IRA
0.25%$50k-12 Month IRA
0.15%$1k-6 Month IRA
0.10%$100k-30 Day Jumbo IRA
0.10%$100k-60 Day Jumbo IRA
0.10%$1k-3 Month IRA

Monterey Credit Union Locations
Branch Office1566 N Main StSalinas, CA 93906
Branch Office2600 Garden Rd Ste 115MONTEREY, CA 93940-5321
Branch Office501 E FRANKLIN STMONTEREY, CA 93940
Branch Office915 Playa Ave Ste BSand City, CA 93955
Branch Office161 Fountain AvePacific Grove, CA 93950
Branch Office1760 Airline Hwy Ste H2Hollister, CA 95023
Branch Office2750 41st Ave Ste FSoquel, CA 95073
Branch Office26135 Carmel Rancho Blvd Ste B5Carmel, CA 93923