Monterra Credit Union

Headquarters

350 Convention Way
Redwood City, CA 94063
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 5.50% →
1-Year CD 0.75% 4.80% →
2-Year CD 0.95% 4.25% →
5-Year CD 1.15% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

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 $1734.63 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 $1,734.63 million
Loans $1,413.18 million
Deposits $1,495.74 million
Capital $214.34 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 - November 4, 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 Learn More
Money Market
0.30% $2,500 $2,999 Learn More
Money Market
0.30% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.40% $10,000 $14,999 Learn More
6 Mo CD
0.40% $100,000 $199,999 Learn More
12 Mo CD
0.75% $10,000 $14,999 Learn More
12 Mo CD
0.75% $100,000 $199,999 Learn More
18 Mo CD
0.85% $10,000 $14,999 Learn More
18 Mo CD
0.85% $100,000 $199,999 Learn More
24 Mo CD
0.95% $10,000 $14,999 Learn More
24 Mo CD
0.95% $100,000 $199,999 Learn More
36 Mo CD
1.05% $10,000 $14,999 Learn More
36 Mo CD
1.05% $100,000 $199,999 Learn More
48 Mo CD
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More

Loan Rates - November 4, 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
District Lending
NMLS ID: 1835285
6.380% 6.250% 0.88 $4,400 $1,971 Learn More
PenFed Credit Union
NMLS ID: 401822
6.818% 6.625% 1.00 $6,400 $2,049 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.984% 6.875% 0.88 $3,545 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.200% 7.125% 0.75 $2,400 $2,156 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 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
0.63% 5.83

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 June 30, 2024, Monterra had $1,084,694 in non-current loans and $297,830 in owned assets. To cover these potential losses it had $214,335,199 in net worth and $3,901,330 in loans loss reserves. That gives it a Texas Ratio of 0.63%.

Net Worth
Monterra U.S. Average
12.34% 13.93%

Monterra FCU has a net worth of 12.34% versus the BestCashCow average of 13.93. 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


  • August 21, 2020

    What is San Mateo's SWIFT code?


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