Program areas at SMCU
Monterra Credit Union is a financial cooperative serving the communities within San Mateo county, city of palo alto and select neighborhoods in San francisco. We have seven branches throughout these geographical areas and a headquarters office located in redwood city, California. As of year-end 2023, we had 94,907 member-owners. We offer our members a wide array of retail financial products and services, and we provide financial education to youth and adults throughout the communities we serve. Monterra Credit Union offers an array of consumer financial products, including residential real estate loans, automobile loans, secured and unsecured loans and Credit cards, as well as checking, savings and certificate of deposit accounts.
Personnel at SMCU
| Name | Title | Compensation | Date of data |
|---|
| Wade Painter | Chief Executive Officer and President / President and Chief Executive Officer | $801,842 | 2022-12-31 |
| Valerie Alsip | Executive Vice President and Chief Operating Officer | $559,420 | 2024-08-29 |
| David Diamond | Vice President and Chief Financial Officer | $401,435 | 2024-08-29 |
| Rebecca Nixon | Senior Vice President and Chief People Officer | $322,343 | 2024-08-29 |
| Suzanne Knowlton | Vice President and Marketing and Community Relations | $215,497 | 2024-08-29 |
| ...and 22 more key personnel |
Financials for SMCU
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $69,997,800 | $59,827,484 | 17% |
| Investment income and dividends | $11,935,485 | $8,905,205 | 34% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $252,693 | $1,335,771 | -81.1% |
| Net gain from sale of non-inventory assets | $6,077,126 | $0 | 999% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $88,263,104 | $70,068,460 | 26% |
Organizations like SMCU
| Organization | Type | Location | Revenue |
|---|
| Financial Partners Credit Union | 501(c)(14) | Downey, CA | $112,970,824 |
| Credit Union of Southern California | 501(c)(14) | Anaheim, CA | $179,480,392 |
| Coast Central Credit Union | 501(c)(14) | Eureka, CA | $85,336,490 |
| Pacific Service Credit Union | 501(c)(14) | Concord, CA | $63,244,667 |
| Educational Employees Credit Union | 501(c)(14) | Fresno, CA | $167,213,088 |
| Safe Credit Union | 501(c)(14) | Folsom, CA | $229,786,087 |
| CoastHills Credit Union | 501(c)(14) | Santa Maria, CA | $95,869,457 |
| Excite Credit Union | 501(c)(14) | San Jose, CA | $40,865,548 |
| Ventura County Credit Union | 501(c)(14) | Ventura, CA | $66,662,060 |
| Valley First Credit Union | 501(c)(14) | Modesto, CA | $57,186,497 |
Data update history
January 14, 2025
Used new vendors
Identified 1 new vendor, including
August 29, 2024
Updated personnel
Identified 2 new personnel
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 13, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
Nonprofit Types
Grantmaking organizationsCredit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
- Address
- 350 Convention Way
- Redwood City, CA 94063
- Metro area
- San Francisco-Oakland-Berkeley, CA
- County
- San Mateo County, CA
- Website URL
- monterra.org/Â
- Phone
- (650) 363-1716
- Facebook page
- San-Mateo-Credit-UnionÂ
- Twitter profile
- @smcuÂ
IRS details
- EIN
- 94-1231186
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1952
- 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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