Monterra Credit Union East Palo Alto CA | Low Mortgage Rates & Auto Loans

Introduction

At Monterra, we believe in building strong relationships with our members and community. Located at 1735 E Bayshore Rd, East Palo Alto, CA 94303, our East Palo Alto Branch has been serving the local community since 1952. As a trusted credit union, we're proud to support over 96,500 members, providing them with essential financial services tailored to their needs. With total assets exceeding $1.75 billion and total deposits of $228,479,308, Monterra is committed to ensuring your financial stability and success. Our diverse range of offerings includes personal banking options like checking and savings accounts, auto loans, mortgage loans, and business banking solutions. We strive to create an environment where everyone feels valued and supported. Led by our dedicated CEO, Wade Painter, and Board President, John Beiers, our team of 214 employees is here to help you navigate your financial journey. We understand that every member's needs are unique, which is why we offer personalized assistance in person or through our user-friendly online platform. While members can visit us at our branch location, official correspondence should be sent to the same address: 1735 E Bayshore Rd, East Palo Alto, CA 94303. You can also reach us by phone at 650-562-1260 for any inquiries or assistance. Explore how Monterra can make a difference in your financial life today! Visit our website at monterra.org or stop by the branch to discover more about our services and how we can help you achieve your goals.

Branch History & Mission

Join Us

We invite you to experience all that Monterra has to offer. Become a member today and discover how we can help you achieve your financial dreams while being part of a caring community focused on growth and support. Visit us or give us a call at 650-562-1260 we're here for you!

Our Evolution

From our opening year in 1952, Monterra has continuously evolved to meet the changing needs of our community. Over the years, we have expanded our offerings beyond traditional banking services. Today, we proudly provide personal banking options such as checking and savings accounts, auto loans, mortgages, personal loans, and business banking solutions. Our commitment to innovation has led us to embrace digital advancements that make banking more accessible than ever. Members can enjoy convenient online and mobile banking services along with ATM access available at our branch. While members can visit us at 1735 E Bayshore Rd, official correspondence should be sent to the same address. Our operating hours are designed for your convenience: Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 10 AM to 2 PM.

Our Mission

At Monterra, our mission is simple yet impactful: to enhance the financial well-being of our members while supporting our local community. We believe that everyone deserves access to affordable financial services that empower them to achieve their goals. Our dedicated team works tirelessly to ensure that each member receives personalized service and guidance tailored to their unique situation. We are proud of our community outreach initiatives which include partnerships with local organizations aimed at promoting financial literacy and economic growth in East Palo Alto. By actively engaging with residents and providing educational resources, we strive not just for individual success but collective prosperity within our neighborhood. As we look ahead, Monterra remains committed to adapting and innovating in order to serve you better. Whether you're looking for a new checking account or seeking advice on loans or mortgages, we invite you to join us on this journey.

Branch Location & Accessibility

Operating Hours

At Monterra, we know your time is valuable. That's why we offer flexible operating hours to fit your busy schedule! You can visit us Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 10 AM to 2 PM. If you have any questions or need assistance, feel free to call us at 650-562-1260 during these hours.

Parking and Accessibility

We understand that accessibility matters. Our branch features ample parking, and we are committed to ensuring all members can easily access our services. Our facilities include ADA-compliant features such as ramps and designated parking spots to accommodate everyone comfortably.

Services Offered

Our East Palo Alto Branch offers a wide range of services designed to meet your banking needs. From personal banking options like checking and savings accounts to auto loans and mortgages, we are here to help you every step of the way. Need cash? We have an ATM available for your convenience, though we currently do not offer drive-thru services.

Visit Us Today!

While members can visit us at our main location on E Bayshore Rd, official correspondence should be directed to the same address. We invite you to stop by or give us a call if you have any questions or want to learn more about how we can assist you in achieving your financial dreams. At Monterra, you're not just a member; you're part of our family!

Member Eligibility

Joining the Monterra community is more than just opening an account it's about becoming part of a supportive network that cares for your financial well-being. To become a member at our East Palo Alto Branch, located at 1735 E Bayshore Rd, you'll find that eligibility is open to individuals who live, work, worship, or attend school in our local area. We believe in inclusivity and strive to welcome everyone into our family. The benefits of membership at Monterra are numerous! From competitive loan rates to personalized service and a variety of banking options tailored to your needs, we aim to empower you on your financial journey. If you're ready to take the next step, opening an account is a breeze. Feel free to give us a call at 650-562-1260 for more details or visit our website for updated eligibility criteria at Monterra's Eligibility Page. Join us today and experience the difference!

Business Banking & Commercial Services

Financing Your Growth

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $11 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $7 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $15,289,625, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services That Matter

In addition to loans, we offer merchant services that streamline transactions for your business. Picture this: you're at a busy event, and customers are eager to buy your products. With our efficient payment processing solutions, you can accept payments easily, ensuring you don't miss out on sales while enhancing customer satisfaction. Visit us at 1735 E Bayshore Rd East Palo Alto Ca 94303 in East Palo Alto, CA, or call us at (650) 562-1260 to discover how we can partner with you in achieving your business goals!

Comprehensive List Of Services

ATM Services

Need cash on the go? Our branch provides ATM and cash withdrawal services, allowing you to withdraw cash or check your balance at your convenience. We also ensure basic ATM access for essential transactions so you're never left without access to your funds. At Monterra, we're here to support all aspects of your financial journey. If you have any questions about our services or how they can benefit you, feel free to reach out! Call us at 650-562-1260 or visit us at our branch in East Palo Alto today! Your financial well-being is our priority! Explore the full range of services we offer at Monterra's website and discover how we can help make your banking experience better than ever.

Business Banking

For local businesses, we offer essential services including merchant services and business loans to help you thrive in a competitive environment. Our knowledgeable team can assist you in finding the right financial tools to support your business goals.

Credit Cards & Rewards

At Monterra, we understand the importance of rewards in everyday spending. That's why we provide credit cards with rewards programs that give back to you every time you shop. Whether you're planning a vacation or just want to earn points for future purchases, our credit cards are designed with your lifestyle in mind.

Online & Mobile Banking

We know that convenience matters most in today's fast-paced world. With our robust online and mobile banking platforms, managing your finances has never been easier. You can access your accounts anytime, anywhere whether it's checking balances, transferring funds, or paying bills through our user-friendly app.

Personal Banking

When it comes to personal banking, Monterra offers a variety of options designed for individuals and families. Our checking and savings accounts make it easy for you to manage your money while earning interest on your savings. If you're thinking about purchasing a car, our auto loans and vehicle financing services can help turn that dream into reality with competitive rates and flexible terms. For those looking to buy a home or refinance an existing mortgage, our mortgage loans and refinancing options provide the support you need in today's housing market. Additionally, we offer personal loans and debt consolidation services that can help simplify your financial life by combining multiple payments into one manageable monthly installment.

Digital & Online Banking

Key Features

Security is a top priority for us. We use advanced security measures to keep your information safe while you enjoy the ease of digital banking. You can trust that transactions are secure, giving you peace of mind whether you're paying bills or making purchases. E-statements are available at Monterra, allowing you to receive important account documents electronically. This feature not only helps reduce paper clutter but also gives you quick access to your financial records anytime. Plus, with electronic signature authorization, signing documents is simple and fast no need for printing or scanning. If you're looking to send money easily, our person-to-person transfer feature makes it effortless to pay friends or family directly from your account. You can also take advantage of our mobile payments feature, which allows you to make purchases using just your phone. In short, Monterra provides everything you need for effective online and mobile banking from e-statements and secure transactions to user-friendly apps. Experience the freedom of managing your finances conveniently and securely today!

Financial Strength

Operational Efficiency

Our net income of $14,026,121 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 210 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Reinvestment for Better Services

With $203,198,285 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $9,552 in used auto loans and an impressive $1,420,098,349 in total loans and leases.

Secure Savings Options

Members' savings are secured through $417,061,917 in share certificates and $192,305,137 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $219,309,894, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 1249 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Strong Member Base

Total Share Accounts stand at 209,356, showing a strong and growing member base that trusts us with their finances. This trust underscores the commitment we have toward each member's success. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Monterra is your trusted partner. Visit us at 1735 E Bayshore Rd East Palo Alto Ca 94303 or call 650-562-1260 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.

Loan Offering

Additional Offerings

For those looking for business solutions, our outstanding commercial loans totaling $15,289,625 provide essential capital needed for growth and expansion. Additionally, we have available credit lines amounting to $550,389,531, giving you even more flexibility when it comes to managing cash flow. At Monterra, we believe everyone deserves access to financial resources that empower them. If you're considering refinancing options or need assistance determining your eligibility for any of our loan products, don't hesitate to reach out. You can contact us at 650-562-1260 or visit us at 1735 E Bayshore Rd East Palo Alto CA 94303. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Let us help you take the next step toward achieving your financial goals!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $159,162,975 in used vehicle loans and $178,687,948 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, our flexible terms make it easy for you to drive away with confidence.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $139,824,385, making buying or refinancing simple. We strive to provide competitive rates and personalized service so that you can find the best fit for your needs.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $54,374,038 in loans helping members manage their finances effectively. These cards are designed to give you the freedom to make purchases while maintaining control over your budget.

Loan Aggregator

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Monterra