Nonprofit · EIN 94-6198351
MONTEREY CREDIT UNION
Tax-exempt · MONTEREY, CA 93942
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $16,074,276 | $20,577,911 | -$4,503,635 | $315,430,888 | $291,618,687 | $23,812,201 |
| December 31, 2023 | 990 (amended) | $13,414,494 | $14,469,997 | -$1,055,503 | $290,805,580 | $264,087,555 | $26,718,025 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $14,332,403
- Investment income
- $1,741,873
- Net gain from sales of assets
- $40,609
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $2,650,554
- Other salaries and wages
- $4,351,380
- Salaries, compensation and benefits (total)
- $8,191,436
- Professional fundraising fees
- $0
- Legal fees
- $104,315
- Accounting fees
- $179,086
- Occupancy
- $324,345
- Travel
- $122,237
- Depreciation
- $758,814
Balance sheet and other
- Total assets, start of year
- $290,805,580
- Total assets, end of year
- $315,430,888
- Total liabilities, end of year
- $291,618,687
- Net assets, end of year
- $23,812,201
- Land, buildings and equipment
- $3,919,126
- Gross unrelated business income
- $22,028
- Gross receipts
- $16,074,276
- Employees
- 88
- Volunteers
- 13
- Year formed
- 1968
- 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 |
|---|---|---|---|---|
| JAMES WADE PYRON | PRESIDENT - CEO Officer | 40 | $756,490 | $20,700 |
| MATHEW HOHMAN | COO Officer | 40 | $453,015 | $21,321 |
| E SCOTT MORRIS | VP INFORMATION SERVICES Officer | 40 | $335,507 | $67,715 |
| SIDNEY COOPER JR | CFO Officer | 40 | $308,400 | $49,044 |
| KATHY ALIOTTI | VP MEMBER SERVICES Officer | 40 | $300,812 | $39,066 |
| HEATHER MALAFRONTE | VP HUMAN RESOURCES Officer | 40 | $235,114 | $53,369 |
| A DAVID SANTOS | VP RETAIL SALES Highest-paid employee | 40 | $186,592 | $7,904 |
| ANDREW BONO | SENIOR NETWORK ADMINISTRATOR Highest-paid employee | 40 | $180,862 | $10,973 |
| CHRISTOPER BURKHARDT | VP LENDING Highest-paid employee | 40 | $178,777 | $9,153 |
| MATTHEW BROWN | SYSTEMS ADMINISTRATOR II (THRU 12/2024) Highest-paid employee | 40 | $144,473 | $0 |
| DAVID MARCOS | SYSTEMS ADMINISTRATOR II Highest-paid employee | 40 | $135,099 | $8,553 |
| PETE TANSILL | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CANDACE INGRAM | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARL SEDORYK | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT BRANDEWIE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JENNIFER CLARKE | BOARD MEMBER Trustee or director | 2 | $0 |
| JEAN DJUBASAK | BOARD MEMBER Trustee or director | 2 | $0 |
| SARAH HARDGRAVE | BOARD MEMBER Trustee or director | 2 | $0 |
| DAVID C LAREDO | BOARD MEMBER Trustee or director | 2 | $0 |
| TARA TRAUTSCH | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| J STEWART FULLER | CEO (THRU 10/2023) Officer | 40 | $598,416 | $39,649 |
| MATTHEW HOHMAN | COO Officer | 40 | $542,376 | $20,383 |
| JAMES E PENPRASE | VP FINANCE (THRU 10/2023) Officer | 40 | $521,328 | $20,714 |
| E SCOTT MORRIS | VP INFORMATION SERVICES Officer | 40 | $401,367 | $63,437 |
| KATHLEEN ALIOTTI | VP MEMBER SERVICES Officer | 40 | $370,001 | $67,496 |
| JAMES WADE PYRON | PRESIDENT - CEO Officer | 40 | $333,244 | $0 |
| HEATHER MALAFRONTE | VP HUMAN RESOURCES Officer | 40 | $265,553 | $17,870 |
| ANDREW BONO | SENIOR NETWORK ADMINISTRATOR Highest-paid employee | 40 | $201,919 | $28,638 |
| CHRISTOPER BURKHARDT | VP LENDING Highest-paid employee | 40 | $209,963 | $8,906 |
| A DAVID SANTOS | VP RETAIL SALES Highest-paid employee | 40 | $187,405 | $27,761 |
| DAVID MARCOS | SYSTEMS ADMINISTRATOR II Highest-paid employee | 40 | $143,165 | $55,665 |
| MATTHEW BROWN | SYSTEMS ADMINISTRATOR II Highest-paid employee | 40 | $135,308 | $10,234 |
| SIDNEY COOPER | CFO Officer | 40 | $76,848 | $7,533 |
| PETE TANSILL | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CANDACE INGRAM | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CARL SEDORYK | SECRETARY & TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ROBERT BRANDEWIE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JENNIFER CLARKE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JEAN DJUBASAK | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SARAH HARDGRAVE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID LAREDO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| TARA TRAUTSCH | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JUDY HIGGERSON | BOARD MEMBER (THRU 05/2023) Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3288, MONTEREY, CA 93942-3288
- In care of
- % JAMES E PENPRASE
- Principal officer (990 for 2024)
- WADE PYRON, PO BOX 3288, MONTEREY, CA 93942
- Signed the 990
- SIDNEY COOPER JR, CFO
- Phone
- (831) 647-1000
- Website
- WWW.MONTEREYCU.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-6198351 or by the name MONTEREY 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
A FINANCIAL COOPERATIVE, ORGANIZED TO PROVIDE A COMPLETE SELECTYION 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.
Program accomplishments
- SUCCESSFUL PROVISION OF AN AUTO LOAN PROGRAM, USING BOTH DIRECT AND INDIRECT CHANNELS TO DELIVER OUR PRODUCTS.
- SUCCESSFUL PROVISION OF SAVINGS AND CHECKING PRODUCTS, WHICH ALLOWS OUR MEMBERS TO FULFILL THEIR PERSONAL FINANCIAL NEEDS.
- SUCCESSFUL PROVISION OF DELIVERY CHANNELS TO MEET THE VARYING NEEDS OF OUR MEMBERS; INCLUDING BRANCHES, ATMS, AND OTHER REMOTE MEANS OF ACCESSING THE CREDIT UNION'S FINANCIAL PRODUCTS.
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
- 94-6198351
- 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
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $315,430,888
- Income (IRS master file)
- $16,074,276
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $16,074,276 | $20,577,911 | $315,430,888 | IRS |
| 990 | December 2023 | $13,414,494 | $14,469,997 | $290,805,580 | XML |
| 990 | December 2022 | $12,967,037 | $11,452,496 | $299,185,113 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 94-6198351).
Questions about MONTEREY CREDIT UNION
- What is the EIN of MONTEREY CREDIT UNION?
- The employer identification number (EIN) of MONTEREY CREDIT UNION is 94-6198351.
- Is MONTEREY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to MONTEREY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MONTEREY 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 MONTEREY 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 MONTEREY 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 MONTEREY CREDIT UNION?
- The 990 for the year ended December 31, 2024 names WADE PYRON.
- Who are the officers and directors of MONTEREY CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 20 people; 11 received compensation from the organization, the highest $756,490 (JAMES WADE PYRON, PRESIDENT - CEO).
- How much revenue does MONTEREY CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $16,074,276, expenses of $20,577,911 and total assets of $315,430,888 at year end.
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- EDWARD M DOWD FOUNDATION EIN 85-2105615 · last filed 990-PF for 2025
- ASPIRE HEALTH PLAN EIN 46-1567681 · last filed 990 for 2024
- COMMUNITY FOUNDATION FOR MONTEREY COUNTY EIN 94-1615897 · last filed 990 for 2024
- MONTAGE HEALTH EIN 94-2789696 · last filed 990 for 2024
- UNIVERSITY CORPORATION AT MONTEREY BAY EIN 77-0387459 · last filed 990 for 2025
- MONTAGE MEDICAL GROUP EIN 26-4826604 · last filed 990 for 2024