Monterra Credit Union
Headquarters
350 Convention Way
Redwood City, CA 94063
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2024 Overview
General Credit Union Information
Monterra is an NCUA insured institution located in Redwood City, CA. It was founded in 1952 and has approximately $1677.88 millions in assets.
Who can join?
You are eligible for membership in SMCU if you are:
A resident, employee or student in San Mateo County, the City of Palo Alto or certain areas of San Francisco
An employee of one of San Mateo's partner companies
An employee of a company that belongs to the Golden Gate Better
Business Bureau or one of the 15 Chambers of Commerce within San Mateo County that the union serves
A family member, domestic partner, or roommate of an SMCU member
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 62736 |
| Date Established | 1952 |
| Assets | $1,677.88 million |
| Loans | $1,374.53 million |
| Deposits | $1,446.50 million |
| Capital | $205.28 million |
Field of Membership Restrictions
Membership in San Mateo Credit Union is open to those who live, work or attend school in San Mateo County, the City of Palo Alto or select areas of San Francisco. Membership is open to employees of companies that belongs to the Golden Gate Better Business Bureau or one of the 15 Chambers of Commerce within San Mateo County.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $2,500 | $4,999 |
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|
|
Money Market
|
0.30% | $2,500 | $2,999 |
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|
|
Money Market
|
0.30% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.05% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.10% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Monterra
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2059741 |
6.905% | 6.750% | 1.00 | $5,094 | $2,076 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: 1907 |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Monterra
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Monterra 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:
Columbus,Ohio
Climate Policy and Initiatives
MONTERRA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Monterra Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Monterra. 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
| Monterra | U.S. Average |
|---|---|
| 1.59% | 6.97 |
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 December 31, 2023, Monterra had $3,020,903 in non-current loans and $297,830 in owned assets. To cover these potential losses it had $205,283,773 in net worth and $3,901,330 in loans loss reserves. That gives it a Texas Ratio of 1.59%.
Net Worth
| Monterra | U.S. Average |
|---|---|
| 12.22% | 13.62% |
Monterra FCU has a net worth of 12.22% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Monterra
Evelyn Navarro
August 21, 2020
What is San Mateo's SWIFT code?
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