Monterey Credit Union

Monterey Credit Union Locations
P.O. Box 3288
Monterey, CA 93942
(831) 647-1000
www.montereycu.com


Monterey Credit Union is headquartered in MONTEREY and is the 112st largest credit union in the state of California. It is also the 902nd largest credit union in the nation. It was established in 1968 and as of December of 2011, it had grown to 72 employees and 18,691 members. Monterey Credit Union has a 5-star health rating.

Monterey Credit Union Routing Number: 321173603



See Rates for: Checking | Savings | Money Market | CD | IRA

Monterey Credit Union Checking Account Rates

ApyMinMaxProduct
0.05%$250-Market Checking

Monterey Credit Union Savings Account Rates

ApyMinMaxProduct
0.40%$250k-Platinum Savings
0.15%$10k-High Rate Savings
0.15%$50k-Christmas Club
0.05%--Share Savings
0.05%--Market IRA
0.05%--Market Roth IRA
0.05%--Market CESA

Monterey Credit Union Money Market Rates

ApyMinMaxProduct
0.15%$50k-Money Market

Monterey Credit Union CD Rates

ApyMinMaxProduct
0.50%$100k-24 Month CD
0.45%$100k-18 Month CD
0.40%$100k-12 Month CD
0.30%$100k-6 Month CD
0.20%$10k-3 Month CD
0.20%$100k-60 Day Jumbo CD
0.15%$100k-30 Day Jumbo CD

Monterey Credit Union IRA Rates

ApyMinMaxProduct
0.50%$100k-24 Month IRA
0.50%$100k-24 Month Roth IRA
0.50%$100k-24 Month CESA
0.45%$100k-18 Month IRA
0.45%$100k-18 Month Roth IRA
0.45%$100k-18 Month CESA
0.40%$100k-12 Month IRA
0.40%$100k-12 Month Roth IRA
0.40%$100k-12 Month CESA
0.30%$100k-6 Month IRA
0.30%$100k-6 Month Roth IRA
0.30%$100k-6 Month CESA
0.20%$100k-60 Day Jumbo IRA
0.20%$10k-3 Month IRA
0.20%$100k-60 Day Jumbo Roth IRA
0.20%$10k-3 Month Roth IRA
0.20%$100k-60 Day Jumbo CESA
0.20%$10k-3 Month CESA
0.15%$100k-30 Day Jumbo IRA
0.15%$100k-30 Day Jumbo Roth IRA
0.15%$100k-30 Day Jumbo CESA

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


MONTEREY
NCUA #97071
BankRate ReportView
Year Chartered1968
Employees72
Primary Regulator

Assets and Liabilities

Assets$186.82 million
Loans$114.05 million
Deposits$156.88 million
Equity Capital$26.01 million
Loan Loss Allowance$2.77 million
Unbacked Noncurrent Loans$1.22 million

Historic Data - December 2010

Assets$171.73 million
Equity Capital$23.40 million
Loan Loss Allowance$3.14 million
Unbacked Noncurrent Loans$1.28 million

Profit Margin - Quarterly

Net Interest Margin6.37%
Return on Assets1.14%
Return on Equity8.19%
Interest Income$9.30 million
Non-Interest Income$3.63 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Monterey Credit Union had $1.22 million in non-current loans and owned real-estate with $28.78 million in equity and loan loss allowances on hand to cover it. This gives Monterey Credit Union a Texas Ratio of 4.22% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Monterey Credit Union held steady from 4.84% as of December 31, 2010 to 4.22% as of December 31, 2011, resulting in a positive change of 12.75%.This indicates that the balance sheet and financial strength for Monterey Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Monterey Credit Union has increased its total deposits by $13.28 million, resulting in 9.25% 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 excellent.
Capitalization5
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 $186.82 million in assets with $28.78 million in equity, resulting in a capitalization level of 15.41%, which is excellent.
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