Sep, 30, 2025 — SAN MATEO CREDIT UNION is a federally insured state chartered credit union headquartered in REDWOOD CITY, CA with 8 branch locations and about $1.86 billion in total assets. Opened 74 years ago in 1952, SAN MATEO CREDIT UNION has about 98,214 members and employs 223 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SAN MATEO CREDIT UNION |
|---|---|
| Address: (Main Office) | 350 Convention Way REDWOOD CITY, CA 94063 |
| Phone: | (650) 363-1725 |
| Fax: | |
| Website: | https://www.monterra.org |
| Branches: | 8 branch locations |
| Members: | 98,214 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62736 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,856,033,569 |
| CEO/Manager: | Wade Painter |
| Chairperson: | Magda Gonzalez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 295,511,443 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,075,363,897 |
| Unsecured Loans | 96,027,077 |
| Other Loans | 300,355,673 |
| TOTAL LOANS | 1,471,746,647 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,234,078 |
| Land And Building | 12,715,213 |
| Other Fixed Assets | 14,638,833 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 14,680,073 |
| All Other Assets | 223,580 |
| TOTAL ASSETS | 1,856,033,569 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 25,772,586 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 366,876,302 |
| Regular shares | 519,009,499 |
| All Other Shares & Deposits | 708,391,748 |
| TOTAL SHARES & DEPOSITS | 1,594,277,550 |
| TOTAL LIABILITIES | 1,620,050,136 |
| Regular Reserve | 0 |
| Other Reserves | -1,170,876 |
| Undivided Earnings | 237,154,309 |
| TOTAL EQUITY | 235,983,433 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,856,033,569 |
| INCOME & EXPENSE | |
| Loan Income | 54,681,089 |
| Investment Income | 8,973,886 |
| Other Income | 3,217,160 |
| Total Employee Compensation & Benefits | 22,894,621 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 18,223,749 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,206,613 |
| Cost of Funds | 18,700,046 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,554,963 |
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