Monterey Credit Union

Overview / Commentary

www.montereycu.com

831-647-1000

501 E Franklin ST
Monterey, CA 93940

Monterey Credit Union is headquartered in MONTEREY and is the 110^th largest credit union in the state of California. It is also the 1,031^st largest credit union in the nation. It was established in 1968 and as of December of 2023, it had grown to 61 employees and 15,628 members at 4 locations. Monterey Credit Union's savings rates are 8X 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.
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Health

B+

Data as of Q4 2023

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Health Grade Components

Overall
NCUA #	97071
Year Chartered	1968
Employees	61
Primary Regulator

Profit Margin
Return on Assets - YTD	0.05%
Return on Equity - YTD	0.59%
Annual Interest Income	$11MM

Assets and Liabilities
Assets	Q4 2023vs Q4 2022	$290.8MM$297.8MM
Loans	Q4 2023vs Q4 2022	$191.6MM$190.3MM
Deposits	Q4 2023vs Q4 2022	$245.8MM$255.5MM
Equity Capital	Q4 2023vs Q4 2022	$26.7MM$27.5MM
Loan Loss Allowance	Q4 2023vs Q4 2022	$2.5MM$1.1MM
Unbacked Noncurrent Loans	Q4 2023vs Q4 2022	$1.9MM$1.1MM
Real Estate Owned	Q4 2023vs Q4 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* 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

APY	MIN	MAX	ACCOUNT NAME
4.10%^*	$250k^*	-	Platinum Savings
OTHER TIERS: 0.05% → Up to $10k \| 0.25% → $10k - $100k \| 3.90% → $100k - $250k
0.25%^*	$10k^*	-	High Rate Savings
OTHER TIERS: 0.05% → Up to $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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
8.00%^*	-	$10k	Wealth Builder Checking
OTHER TIERS: 0.01% → $10k+

Monterey Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.42%	$100k	-	30 Day Jumbo CD
5.29%	$10k	$1m	9 Month CD Special - New Money
4.50%	$10k	$1m	22 Month CD Special - New Money
4.07%^*	$100k^*	-	3 Month CD
OTHER TIERS: 0.56% → $1k - $10k \| 0.83% → $10k - $50k \| 1.40% → $50k - $100k
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

APY	MIN	MAX	ACCOUNT NAME
4.07%^*	$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 Office	1566 N Main St	Salinas, CA 93906
Branch Office	24560 Silver Cloud Ct Ste 204	MONTEREY, CA 93940-6560
Branch Office	501 E FRANKLIN ST	MONTEREY, CA 93940
Branch Office	1760 Airline Hwy Ste H2	Hollister, CA 95023

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