Sep, 30, 2025 — MONTEREY CREDIT UNION is a non-federally insured state credit union headquartered in MONTEREY, CA with 4 branch locations and about $352.62 million in total assets. Opened 58 years ago in 1968, MONTEREY CREDIT UNION has about 20,142 members and employs 71 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MONTEREY CREDIT UNION |
|---|---|
| Address: (Main Office) | 501 E FRANKLIN ST MONTEREY, CA 93940 |
| Phone: | (831) 647-1000 |
| Fax: | (831) 647-1290 |
| Website: | https://www.montereycu.com |
| Branches: | 4 branch locations |
| Members: | 20,142 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97071 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $352,616,122 |
| CEO/Manager: | J Wade Pyron |
| Chairperson: | Peter Tansill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,616,913 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 115,395,841 |
| Unsecured Loans | 6,864,721 |
| Other Loans | 129,670,009 |
| TOTAL LOANS | 251,930,571 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,242,297 |
| Land And Building | 1,185,515 |
| Other Fixed Assets | 5,141,868 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 0 |
| All Other Assets | 409,421 |
| TOTAL ASSETS | 352,616,122 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 12,000,000 |
| Accounts Payable & Other Liabilities | 5,743,893 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 77,344,736 |
| Regular shares | 73,615,962 |
| All Other Shares & Deposits | 160,258,324 |
| TOTAL SHARES & DEPOSITS | 311,219,022 |
| TOTAL LIABILITIES | 328,962,915 |
| Regular Reserve | 0 |
| Other Reserves | 4,725,642 |
| Undivided Earnings | 18,927,565 |
| TOTAL EQUITY | 23,653,207 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 352,616,122 |
| INCOME & EXPENSE | |
| Loan Income | 10,368,342 |
| Investment Income | 1,000,682 |
| Other Income | 1,923,359 |
| Total Employee Compensation & Benefits | 6,939,992 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,343,375 |
| Non-operating Income & (Expense) | 18,789 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,038,816 |
| Cost of Funds | 3,552,741 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,493,104 |
| ↑ Back to Top | |