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