EIN 94-6198351

Monterey Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
74
Year formed
1968
Most recent tax filings
2022-12-01
Description
A financial cooperative, organized to provide a complete selection of financial products to our members, creating a source of credit at a rate of interest set by the Board of Directors, and providing an opportunity for the members to use and control their money on a democratic basis in order to improve their economic and social conditions. As a cooperative, Monterey Credit Union conducts its business for the mutual benefit of its members. A cooperative, organized for the purpose of promoting thrift and savings among its members.
Related structure
Monterey Credit Union is child organization, under the parent exemption from Credit Unions in the State of California.
Total revenues
$12,967,037
2022
Total expenses
$11,452,496
2022
Total assets
$299,185,113
2022
Num. employees
74
2022

Program areas at Monterey Credit Union

Successful provision of an auto loan program, using both direct and indirect channels to deliver our products.
Successful provision of delivery channels to meet the varying needs of our members; including branches, ATMs and other remote means of accessing the Credit Union's financial products.
Successful provision of savings and checking products, which allows our members to fulfill their personal financial needs.

Personnel at Monterey Credit Union

NameTitleCompensation
J Stewart FullerChief Executive Officer$612,932
Matthew HohmanChief Operating Officer$418,698
James PenpraseVice President Finance$354,207
Earl MorrisVice President Information Systems$306,930
Kathy AliottiVice President Member Services$293,952
...and 2 more key personnel

Financials for Monterey Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$10,423,789
Investment income and dividends$2,543,248
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$12,967,037

Form 990s for Monterey Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-12990View PDF
2021-122022-06-08990View PDF
2020-122021-11-16990View PDF
2019-122021-01-11990View PDF
2018-122019-12-20990View PDF
...and 11 more Form 990s

Organizations like Monterey Credit Union

OrganizationLocationRevenue
Heritage Community Credit Union (HCCU)Rancho Cordova, CA$9,071,810
University Credit UnionLos Angeles, CA$44,807,900
Southland Credit UnionLos Alamitos, CA$39,973,545
Vision One Credit UnionSacramento, CA$3,970,179
Pacific Postal Credit Union (PPCU)San Jose, CA$7,633,896
California Bear Credit UnionLos Angeles, CA$4,546,792
Priority One Credit UnionSouth Pasadena, CA$9,483,146
North Bay Credit UnionSanta Rosa, CA$10,151,971
Community First Credit UnionSanta Rosa, CA$36,766,136
Premierone Credit UnionSan Jose, CA$20,460,473
Data update history
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 22, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 8, 2022
Posted financials
Added Form 990 for fiscal year 2019
July 3, 2022
Updated personnel
Identified 1 new personnel
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
PO Box 3288
Monterey, CA 93942
Metro area
Salinas, CA
County
Monterey County, CA
Website URL
montereycu.com/ 
Phone
(831) 647-1000
IRS details
EIN
94-6198351
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1968
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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