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Filing year 2023

MONTEREY CREDIT UNION

Monterey, California·EIN 94-6198351·501(c)(14)
Total revenue
$13.4M
Total assets
$290.8M
Total expenses
$14.5M
Reported officers
23
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 13 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO (thru 10/2023)
Above 90th percentile
$638k
$698k
Base
$446k
Bonus
$145k
Other
$8k
Benefits
$20k
COO
Above 90th percentile
$563k
$616k
Base
$388k
Bonus
$106k
Other
$48k
Benefits
$583
VP Finance (thru 10/2023)
Vice President
Above 90th percentile
$542k
$593k
Base
$291k
Bonus
$187k
Other
$43k
Benefits
$914
VP Information Services
Vice President
Above 90th percentile
$465k
$509k
Base
$290k
Bonus
$83k
Other
$28k
Benefits
$44k
VP Member Services
Vice President
Above 90th percentile
$437k
$479k
Base
$279k
Bonus
$80k
Other
$11k
Benefits
$48k
President - CEO
Above 90th percentile
$333k
$365k
Base
$333k
Bonus
Other
Benefits
VP Human Resources
Vice President
Above 90th percentile
$283k
$310k
Base
$204k
Bonus
$54k
Other
$8k
Benefits
$2k
Senior Network Administrator
Highest Compensated Employee
Median to 75th percentile
$231k
$252k
Base
$165k
Bonus
$29k
Other
$8k
Benefits
$16k
VP Lending
Board Vice President
75th to 90th percentile
$219k
$240k
Base
$149k
Bonus
$32k
Other
$30k
Benefits
VP Retail Sales
Board Vice President
75th to 90th percentile
$215k
$236k
Base
$139k
Bonus
$24k
Other
$24k
Benefits
$16k
Systems Administrator II
Highest Compensated Employee
Median to 75th percentile
$199k
$218k
Base
$141k
Bonus
$3k
Other
Benefits
$47k
Systems Administrator II
Highest Compensated Employee
25th percentile to median
$146k
$159k
CFO
25th percentile to median
$84k
$92k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 10 unpaid individuals.

FAQ

Common questions about MONTEREY CREDIT UNION

What does the Chief Executive Officer of MONTEREY CREDIT UNION earn?

In 2023, the Chief Executive Officer of MONTEREY CREDIT UNION received $638,065 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MONTEREY CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at MONTEREY CREDIT UNION falls in the top 10%.

What are MONTEREY CREDIT UNION's revenue and expenses?

In 2023, MONTEREY CREDIT UNION reported $13.4M in total revenue and $14.5M in total expenses on its IRS Form 990.

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