Monterey Credit Union

Headquarters

Po Box 3288
Monterey, CA 93942
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 2.55% →
1-Year CD 0.15% 2.80% →
2-Year CD 0.15% 3.20% →
5-Year CD N.A. 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Monterey is located in Monterey, Ca. It was founded in 1968 and has approximately $303.65 millions in assets.

Who can join?

Membership is available to anyone who lives or works in the counties of Monterey, Santa Cruz, San Benito, San Luis Obispo, or Santa Clara counties.

NCUA Insured No
Charter Number # # 97071
Date Established 1968
Assets $303.65 million
Loans $179.97 million
Deposits $268.76 million
Capital $38.11 million
 

Field of Membership Restrictions

Membership is open to those who live or work in Monterey, Santa Cruz, San Luis Obispo, or Santa Clara counties.

Deposit Rates - August 14, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.15% $10,000 $14,999 Learn More
24 Mo CD
0.15% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.05% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 $99 Learn MoreShow Less
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 14, 2022

Your Current Location: California, CA 92111

There are currently no loan rates available for MONTEREY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
4.851% 4.750% 0.75 $2,920 $1,305 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
Learn More

Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to MONTEREY
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Monterey branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California


Monterey Locations



Climate Initiatives

MONTEREY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Monterey Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Monterey. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Monterey U.S. Average
3.19% 4.75

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2022, Monterey had $1,073,216 in non-current loans and $182,745 in owned assets. To cover these potential losses it had $38,105,557 in net worth and $1,244,661 in loans loss reserves. That gives it a Texas Ratio of 3.19%.

Net Worth
Monterey U.S. Average
12.55% 12.28%

Monterey FCU has a net worth of 12.55% versus the BestCashCow average of 12.28. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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