Overview
What is San Mateo Credit Union?
San Mateo Credit Union is a financial cooperative serving communities within San Mateo County, the City of Palo Alto, and select neighborhoods in San Francisco. With seven branches and a headquarters office in Redwood City, California, they cater to over 90,000 member-owners as of year-end 2022. The credit union provides an extensive range of retail financial products and services, including residential real estate loans, automobile loans, secured and unsecured loans, credit cards, checking, savings, and certificate of deposit accounts. Their mission goes beyond financial services, as they offer financial education to both youth and adults throughout the communities they serve. San Mateo Credit Union passionately delivers relevant products, services, and education to help their members, employees, and communities achieve their financial goals.
Official website here: www.monterra.org
Is San Mateo Credit Union legitimate?
San Mateo Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. San Mateo Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,985,637
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,848,117
For more financial information, click here
Official website here: www.monterra.org
What is the mission statement of San Mateo Credit Union?
The San Mateo Credit Union is dedicated to enhancing the financial well-being of its members. It passionately delivers tailored financial products, services, and education to help individuals and communities reach their financial objectives. With a wide range of offerings including residential loans, auto loans, credit cards, and various deposit accounts, the credit union caters to diverse financial needs. Additionally, it provides financial education to both youth and adults in the communities it serves.
Official website here: www.monterra.org
Who is the CEO of San Mateo Credit Union?
Wade Painter is the CEO of San Mateo Credit Union The CEO's salary of San Mateo Credit Union is $759,104 and their total compensation is $783,470.
Official website here: www.monterra.org
What is the revenue of San Mateo Credit Union?
San Mateo Credit Union's revenue in 2023 was $88,263,104.
Official website here: www.monterra.org
Who are the executives of San Mateo Credit Union and what are their salaries?
The average compensation at San Mateo Credit Union during 2023 was $89,033. There are 234 employees and 10 volunteers at San Mateo Credit Union.
Here are 25 key members and their salaries (San Mateo Credit Union's CEO's salary is $759,104 and their total compensation is $783,470):
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $759,104
- Related: $0
- Other: $24,366
- Compensation: $328,737
- Related: $0
- Other: $16,167
- Compensation: $429,210
- Related: $0
- Other: $16,552
- Compensation: $300,906
- Related: $0
- Other: $26,210
- Compensation: $256,486
- Related: $0
- Other: $21,053
- Compensation: $203,711
- Related: $0
- Other: $18,033
- Compensation: $201,135
- Related: $0
- Other: $24,447
- Compensation: $207,676
- Related: $0
- Other: $13,459
- Compensation: $213,669
- Related: $0
- Other: $14,164
- Compensation: $206,285
- Related: $0
- Other: $17,637
- Compensation: $172,754
- Related: $0
- Other: $14,178
- Compensation: $259,121
- Related: $0
- Other: $21,187
- Compensation: $209,180
- Related: $0
- Other: $10,210
- Compensation: $280,296
- Related: $0
- Other: $27,935
- Compensation: $278,038
- Related: $0
- Other: $17,464
- Compensation: $169,274
- Related: $0
- Other: $14,834
- Compensation: $163,768
- Related: $0
- Other: $6,269
- Compensation: $144,522
- Related: $0
- Other: $5,997
Official website here: www.monterra.org
Where can I find the form 990 for San Mateo Credit Union?
San Mateo Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.monterra.org
Learn more at the official website: www.monterra.org
Mission Statement of San Mateo Credit Union
San Mateo Credit Union, a financial cooperative, is dedicated to enhancing the financial lives of its members through the provision of a diverse range of products and services. With a passion for delivering relevance, this organization goes beyond offering financial tools, extending to the realms of education to help members, employees, and communities achieve their financial objectives.
In simple terms, San Mateo Credit Union aims to cater to the financial needs of its members by providing them with an extensive selection of consumer financial products. This array includes residential real estate loans, automobile loans, secured and unsecured loans, and credit cards, as well as checking, savings, and certificate of deposit accounts. By offering this comprehensive suite of financial services, the Union empowers its members to manage their money effectively and reach their financial goals.
Moreover, San Mateo Credit Union recognizes the importance of financial education. With this understanding, the organization extends its reach beyond the realm of mere transactions to engage in the communities it serves. Through various educational initiatives, the Union equips youth and adults with the knowledge and skills necessary to make informed financial decisions and build a solid financial foundation for their futures.
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Impact
October, 2024
San Mateo Credit Union significantly enhances the financial well-being of its members and the broader community by providing a comprehensive suite of financial products and services. Serving San Mateo County, the City of Palo Alto, and select neighborhoods in San Francisco, the credit union operates seven branches and a headquarters in Redwood City, California. With nearly 91,000 member-owners, it focuses on delivering relevant solutions that cater to the diverse financial needs of its community.
By offering various retail financial services—including residential and automobile loans, secured and unsecured loans, and credit cards—San Mateo Credit Union empowers individuals to achieve their financial goals. Additionally, the credit union promotes financial literacy through educational initiatives aimed at both youth and adults, fostering an informed community that can make sound financial decisions. This commitment to member service and community education exemplifies San Mateo Credit Union's impact, contributing to improved financial stability and growth for its members and the neighborhoods it serves.
This information is meant to be a general summary of San Mateo Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $11,935,485
- Program Service Revenue: $69,997,800
- Gross Receipts: $88,269,127
Assets and Liabilities:
- Total Assets: $1,661,497,926
- Total Liabilities: $1,482,369,102
- Net Assets: $179,128,824
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$54,595,634
INTERCHANGE INCOME
Revenue
$7,377,391
OTHER NONINTEREST INCOME
Revenue
$4,253,718
DEPOSIT SERVICE CHARGES AND FEES
Revenue
$3,710,541
SALE OF LOANS
Revenue
$60,516
Organization Details
Founding Year
1952
Principal Officer
Wade Painter
Website
www.monterra.orgNTEE Category
Code: W61 - Public benefit
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