Jun, 30, 2024 — MONTEREY CREDIT UNION is a non-federally insured state credit union headquartered in MONTEREY, CA with 4 branch locations and about $296.16 million in total assets. Opened 56 years ago in 1968, MONTEREY CREDIT UNION has about 17,149 members and employs 59 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: | 17,149 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $296,162,314 |
| CEO/Manager: | J STEWART FULLER |
| Chairperson: | Peter Tansill |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 16,040,152 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 81,023,183 |
| Unsecured Loans | 1,832,807 |
| Other Loans | 100,739,367 |
| TOTAL LOANS | 183,595,357 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,188,417 |
| Land And Building | 751,693 |
| Other Fixed Assets | 2,326,236 |
| NCUSIF Deposit | 0 |
| All Other Assets | 264,466 |
| TOTAL ASSETS | 296,162,314 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,635,745 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 83,934,061 |
| Regular shares | 86,184,919 |
| All Other Shares & Deposits | 94,419,108 |
| TOTAL SHARES & DEPOSITS | 264,538,088 |
| TOTAL LIABILITIES | 269,173,833 |
| Regular Reserve | 0 |
| Other Reserves | -1,089,441 |
| Undivided Earnings | 28,077,922 |
| TOTAL EQUITY | 26,988,481 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 296,162,314 |
| INCOME & EXPENSE | |
| Loan Income | 5,775,162 |
| Investment Income | 1,009,430 |
| Other Income | 1,815,269 |
| Total Employee Compensation & Benefits | 5,067,999 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,876,549 |
| Non-operating Income & (Expense) | -18,855 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 357,613 |
| Cost of Funds | 85,173 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,129,361 |
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