Monterey Credit Union


Overview / Commentary
831-647-1000
501 E Franklin ST
Monterey, CA 93940

Monterey Credit Union is headquartered in MONTEREY and is the 109th largest credit union in the state of California. It is also the 1,020th largest credit union in the nation. It was established in 1968 and as of June of 2023, it had grown to 61 employees and 16,996 members at 4 locations. Monterey Credit Union's CD rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership to Monterey Credit Union is open to those who live or work in the California counties of Monterey, San Benito, Santa Clara, Santa Cruz, or San Luis Obispo.
See current membership details

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Health

Health Grade Components

Overall
NCUA #97071
Year Chartered1968
Employees61
Primary Regulator
Profit Margin
Return on Assets - YTD0.08%
Return on Equity - YTD0.98%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$295.5MM$293.8MM
LoansQ2 2023vs Q2 2022$191.3MM$185.4MM
DepositsQ2 2023vs Q2 2022$245.3MM$261.2MM
Equity CapitalQ2 2023vs Q2 2022$25.7MM$30.3MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$1.2MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$812.00K$640.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Monterey Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Monterey Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Platinum Savings
OTHER TIERS: 0.05% Up to $10k | 0.25% $10k - $100k
0.25%*$10k*-High Rate Savings
OTHER TIERS: 0.05% Up to $10k
0.25%*$10k*-Christmas Club
OTHER TIERS: 0.03% Up to $2.5k | 0.05% $2.5k - $10k
0.05%*$250*-Share Savings
OTHER TIERS: 0.01% Up to $250
0.05%--Roth IRA Accumulation
0.05%--Education IRA Accumulation
0.05%--SEP IRA Accumulation

Monterey Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$10k*-Money Market
OTHER TIERS: 0.03% Up to $2.5k | 0.05% $2.5k - $10k
0.05%--Market IRA

Monterey Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*-$10kWealth Builder Checking
OTHER TIERS: 0.01% $10k+

Monterey Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.82%*$100k*-3 Month CD
OTHER TIERS: 0.56% $1k - $10k | 0.83% $10k - $50k | 1.40% $50k - $100k
2.82%$100k-30 Day Jumbo CD
2.82%$100k-60 Day Jumbo CD
2.79%*$100k*-6 Month CD
OTHER TIERS: 0.55% $1k - $10k | 0.82% $10k - $50k | 1.38% $50k - $100k
2.75%*$100k*-12 Month CD
OTHER TIERS: 0.54% $1k - $10k | 0.81% $10k - $50k | 1.37% $50k - $100k
2.64%*$100k*-18 Month CD
OTHER TIERS: 0.52% $1k - $10k | 0.78% $10k - $50k | 1.32% $50k - $100k
2.56%*$100k*-24 Month CD
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $50k | 1.27% $50k - $100k

Monterey Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.82%*$100k*-3 Month IRA
OTHER TIERS: 0.56% $1k - $10k | 0.83% $10k - $50k | 1.40% $50k - $100k
2.79%*$100k*-6 Month IRA
OTHER TIERS: 0.55% $1k - $10k | 0.82% $10k - $50k | 1.38% $50k - $100k
2.75%*$100k*-12 Month IRA
OTHER TIERS: 0.54% $1k - $10k | 0.81% $10k - $50k | 1.37% $50k - $100k
2.64%*$100k*-18 Month IRA
OTHER TIERS: 0.52% $1k - $10k | 0.78% $10k - $50k | 1.32% $50k - $100k
2.54%*$100k*-24 Month IRA
OTHER TIERS: 0.50% $1k - $10k | 0.75% $10k - $50k | 1.27% $50k - $100k
Locations


Monterey Credit Union Locations
Branch Office1566 N Main StSalinas, CA 93906
Branch Office24560 Silver Cloud Ct Ste 204MONTEREY, CA 93940-6560
Branch Office501 E FRANKLIN STMONTEREY, CA 93940
Branch Office1760 Airline Hwy Ste H2Hollister, CA 95023

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