Nonprofit · EIN 94-1231186
MONTERRA CREDIT UNION
Tax-exempt · REDWOOD CITY, CA 94063
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $94,782,581 | $75,381,520 | $19,401,061 | $1,763,442,270 | $1,542,671,402 | $220,770,868 |
| December 31, 2023 | 990 | $88,263,104 | $63,730,186 | $24,532,918 | $1,674,734,928 | $1,473,504,715 | $201,230,213 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $82,551,342
- Investment income
- $11,877,920
- Net rental income
- $353,319
- Other revenue
- $353,319
Expenses
- Grants and similar amounts paid
- $125,660
- Benefits paid to members
- $21,583,109
- Compensation of officers, directors and key employees
- $4,362,369
- Other salaries and wages
- $18,559,683
- Salaries, compensation and benefits (total)
- $28,472,632
- Professional fundraising fees
- $0
- Legal fees
- $176,825
- Accounting fees
- $336,051
- Occupancy
- $2,796,638
- Travel
- $88,791
- Depreciation
- $2,027,687
Balance sheet and other
- Total assets, start of year
- $1,674,734,928
- Total assets, end of year
- $1,763,442,270
- Total liabilities, end of year
- $1,542,671,402
- Net assets, end of year
- $220,770,868
- Land, buildings and equipment
- $14,985,355
- Publicly traded securities
- $20,349,353
- Gross unrelated business income
- $118,657
- Gross receipts
- $94,788,604
- Employees
- 249
- Volunteers
- 10
- Year formed
- 1952
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WADE PAINTER | CEO/PRESIDENT Officer | 40 | $835,111 | $37,472 |
| VALERIE ALSIP | EVP/COO Key employee | 40 | $420,688 | $28,079 |
| DAVID DIAMOND | VP, CHIEF FINANCIAL OFFICER Officer | 40 | $366,095 | $37,648 |
| PATRICIA ELLINGSON | EVP, CHIEF LENDING OFFICER Key employee | 40 | $323,933 | $40,060 |
| ANATOLY VILDERMAN | EXECUTIVE WEALTH ADVISOR Highest-paid employee | 40 | $304,653 | $30,117 |
| EMILIO JOHANSEN | EXECUTIVE WEALTH ADVISOR Highest-paid employee | 40 | $278,899 | $54,194 |
| REBECCA NIXON | SVP, CHIEF PEOPLE OFFICER Key employee | 40 | $272,768 | $50,960 |
| WILLIAM ANDREWS | VP INFORMATION SERVICES Key employee | 40 | $247,634 | $41,186 |
| RICHARD KINZIE | VP RISK & COMPLIANCE Key employee | 40 | $210,854 | $38,515 |
| IGNASIO MEDRANO | VP DIGITAL SERVICES Key employee | 40 | $212,725 | $36,089 |
| SUZANNE KNOWLTON | VP MARKETING & COMMUNITY RELATIONS Key employee | 40 | $209,010 | $36,037 |
| CHERYL RAYO | VP REAL ESTATE LENDING Key employee | 40 | $222,647 | $22,179 |
| DOREEN SZYMANKSKI | VP MEMBER EXPERIENCE Key employee | 40 | $205,956 | $37,454 |
| YOMI ANTHONIO | SBA COMMERCIAL LENDING OFFICER Highest-paid employee | 40 | $209,703 | $24,669 |
| ROBERT CARTER | VP ADMINISTRATIVE SERVICES Key employee | 40 | $200,629 | $21,219 |
10 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHNNY ESCALANTE | DIRECTOR OF INFORMATION SERVICES Highest-paid employee | 40 | $185,273 | $26,519 |
| DANI ROBINSON | VP CREDIT RISK Key employee | 40 | $182,235 | $25,184 |
| JANELLE ESCALANTE | DIRECTOR OF EMPLOYEE RELATIONS Highest-paid employee | 40 | $181,974 | $24,369 |
| STEVE DIVNEY | BOARD DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN BEIERS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATE HARR | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MAGDA GONZALEZ | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL CLAIRE | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL OKADA | BOARD DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN PONTY | BOARD TREASURER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WADE PAINTER | CEO/PRESIDENT Officer | 40 | $759,104 | $24,366 |
| VALERIE ALSIP | EVP/COO Key employee | 40 | $429,210 | $16,552 |
| DAVID DIAMOND | VP, CHIEF FINANCIAL OFFICER Officer | 40 | $328,737 | $16,167 |
| PATRICIA ELLINGSON | SVP, CHIEF LENDING OFFICER Key employee | 40 | $300,906 | $26,210 |
| EMILIO JOHANSEN | EXECUTIVE WEALTH ADVISOR Highest-paid employee | 40 | $280,296 | $27,935 |
| ANATOLY VILDERMAN | EXECUTIVE WEALTH ADVISOR Highest-paid employee | 40 | $278,038 | $17,464 |
| SUZANNE KNOWLTON | VP MARKETING & COMMUNITY RELATIONS Key employee | 40 | $259,121 | $21,187 |
| REBECCA NIXON | VP EMPLOYEE RELATIONS Key employee | 40 | $256,486 | $21,053 |
| ROBERT CARTER | VP ADMINISTRATIVE SERVICES Key employee | 40 | $213,669 | $14,164 |
| DOREEN SZYMANKSKI | VP MEMBER EXPERIENCE Key employee | 40 | $201,135 | $24,447 |
| RICHARD KINZIE | VP RISK & COMPLIANCE Key employee | 40 | $206,285 | $17,637 |
| WILLIAM ANDREWS | VP INFORMATION SERVICES Key employee | 40 | $203,711 | $18,033 |
| IGNASIO MEDRANO | VP DIGITAL SERVICES Key employee | 40 | $207,676 | $13,459 |
| CHERYL RAYO | VP REAL ESTATE LENDING Key employee | 40 | $209,180 | $10,210 |
| DANI ROBINSON | VP CREDIT RISK Key employee | 40 | $172,754 | $14,178 |
| JOHNNY ESCALANTE | DIRECTOR OF INFORMATION SERVICES Highest-paid employee | 40 | $169,274 | $14,834 |
| JANELLE EATON-ESCALANTE | DIRECTOR OF EMPLOYEE RELATIONS Highest-paid employee | 40 | $163,768 | $6,269 |
| FANGZHOU LIU | IS PROGRAMMING LEAD Highest-paid employee | 40 | $144,522 | $5,997 |
| STEVE DIVNEY | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN BEIERS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KATE HARR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MAGDA GONZALEZ | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL CLAIRE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL OKADA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN PONTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 350 CONVENTION WAY 3RD FLOOR, REDWOOD CITY, CA 94063-1435
- In care of
- % SAN MATEO CREDIT UNION
- Principal officer (990 for 2024)
- WADE PAINTER, 350 CONVENTION WAY, REDWOOD CITY, CA 94063
- Signed the 990
- DAVID DIAMOND, VP, CHIEF FINANCIAL OFFICER
- Phone
- (650) 363-1716
- Website
- WWW.MONTERRA.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1231186 or by the name MONTERRA CREDIT UNION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PASSIONATELY DELIVER RELEVANT PRODUCTS, SERVICES, AND EDUCATION TAILORED TO HELP OUR MEMBERS, EMPLOYEES, AND COMMUNITIES ACHIEVE THEIR FINANCIAL GOALS.
Program accomplishments
- 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 2024, WE HAD 96,616 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, CREDIT CARDS, SMALL BUSINESS LOANS, AS WELL AS CHECKING, SAVINGS AND CERTIFICATE OF DEPOSIT ACCOUNTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 94-1231186
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $1,763,442,270
- Income (IRS master file)
- $94,788,604
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $94,782,581 | $75,381,520 | $1,763,442,270 | XML |
| 990 | December 2023 | $88,263,104 | $63,730,186 | $1,674,734,928 | XML |
| 990 | December 2022 | $70,068,460 | $51,836,419 | $1,661,497,926 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-1231186).
Questions about MONTERRA CREDIT UNION
- What is the EIN of MONTERRA CREDIT UNION?
- The employer identification number (EIN) of MONTERRA CREDIT UNION is 94-1231186.
- Is MONTERRA CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to MONTERRA CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MONTERRA CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONTERRA CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTERRA CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MONTERRA CREDIT UNION?
- The 990 for the year ended December 31, 2024 names WADE PAINTER.
- Who are the officers and directors of MONTERRA CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 25 people; 18 received compensation from the organization, the highest $835,111 (WADE PAINTER, CEO/PRESIDENT).
- How much revenue does MONTERRA CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $94,782,581, expenses of $75,381,520 and total assets of $1,763,442,270 at year end.
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All nonprofits in REDWOOD CITY · California · Public and societal benefit