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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Monterey Credit Union

Monterey Credit Union

Fiscal year ending 2022. Filed on October 12, 2023.

PO Box 3288
Monterey, California 93942

Monterey Credit Union (EIN: 94-6198351) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Monterey Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 74 total employees. Among the employees shown here, the average compensation is $480,897. The highest compensated employee at Monterey Credit Union is J Stewart Fuller with fiscal year 2022 compensation of $723,973.

Revenue, expenses, and employee compensation

Revenue

$12,967,037

Expenses

$11,452,496

Employee compensation

$6,974,756
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

J Stewart Fuller
Chief Executive Officer
$723,973
$612,932 No related comp$111,041
Matthew Hohman
Chief Operating Officer
$523,957
$418,698 No related comp$105,259
Kathy Aliotti
Vice President, Member Services
$452,364
$293,952 No related comp$158,412
Earl Morris
Vice President, Information Systems
$448,111
$306,930 No related comp$141,181
James E Penprase
Vice President, Finance
$442,556
$354,207 No related comp$88,349
Heather Malafronte
Vice President, Human Resources
$294,419
$189,357 No related comp$105,062

Benchmark Employee Compensation

Non-Employee Board Members

Candice Ingram
Board Member
Carl Sedoryk
Board Member - Secretary and Treasurer
David Laredo
Board Member
James Calandra
Supervisory Committee Member
Jean Djubasak
Supervisory Committee Chair
Jennifer Clark
Board Member
Joe Monza
Supervisory Committee Member
Judy Higgerson
Board Member
Lynne Dixon
Supervisory Committee Member
Pete Tansill
Board Chair and Board Member
Robbie Brandewie
Board Member
Sarah Hardgrave
Supervisory Committee Member

Mission Statement

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.

Revisions to this organization profile

November 6, 2025:
2024 Monterey Credit Union 990 filed
March 7, 2025:
Amended (originally filed November 15, 2024)2023 Monterey Credit Union 990 filed
October 12, 2023:
2022 Monterey Credit Union 990 filed

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