INFORMATION ON THE PROPOSED MONTEREY CREDIT UNION CONVERSION TO A BANK


Locations: 7 branches: Monterey, Salinas, Sand City, Carmel, Pacific Grover, Hollister, Soquel
Members: 19,543
Field of Membership: Anyone who lives or works in the counties of Monterey, Santa Cruz, San Benito, San Luis Obispo, or Santa Clara counties.
Year Chartered: 1968 as Monterey Peninsula Navy FCU.
Member Owned Equity: $209 Million
Net Worth (Equity) Ratio: 13%
Website: https://secure.montereycu.com/
NCUA financial records for Monterey CU available at: Privately insured and state chartered. So no NCUA financial data.
Monterey CU Conversion In the News: "Could Montery P&A its Way to a Bank Charter?", Credit Union Times, 7/30/14

"Going, Going, Gone", Monterey County News Letter to the editor, 7/24/14
   Data as of August 20, 2014