About Monterra Credit Union

Founded in 1952, Monterra Credit Union is a member-owned financial institution that currently serves more than 100,000 members who count on Monterra Credit Union for savings and checking accounts, low-interest car loans and home mortgages, investment services, retirement planning, and more.

Monterra Credit Union is a full‑service financial institution serving members across these communities. We’ve supported our members for over seven decades, starting with San Mateo County Employees, our original member group.

With seven San Mateo County branch locations, full ATM services, and a comprehensive online banking system, Monterra works hard to meet its members’ complete financial needs and invest in you.

Membership Eligibility

Membership is open to anyone who lives, works, worships, or attends school in San Mateo, Alameda, Contra Costa, Santa Clara, or San Francisco counties.

Your Benefits

  • $150 cash bonus when you open a new Monterra Credit Union Premium Checking account
  • Credit of up to $800 towards appraisal fees
  • 12-month 2.99% APR with Montera Credit Union VISA® Platinum Rewards credit card on purchase and balance transfer
  • Up to 0.50% auto loan discount 

Convenience & Early Pay

  • Swift Access to Your Funds with Fast ACH: No more waiting in line or dealing with the uncertainty of check cashing. With direct deposit, your hard-earned money arrives in your account on payday. Enroll in direct deposit and receive your payroll deposit sooner with Fast ACH!
  • Holiday Club Savings Account: You can open a Holiday Club Savings account anytime, and funds are automatically paid out on the first business day of November by check or transfer to your Monterra Credit Union checking account. The account stays open to continued saving, but early withdrawals aren’t allowed unless the full balance is withdrawn and the account is closed. Learn more at www.monterra.org/holidayclub.  

Join Monterra Credit Union

  1. Open a membership savings account ($1 minimum)
  2. Add checking, loans, or credit cards if desired
  3. Set up payroll direct deposit through County HR https://www.monterra.org/county

Please contact Monterra Credit Union for any questions about your benefits or to change/enroll in payroll deduction. 

Contact Information:

  • Email: communityrelations@monterra.org
  • Phone: (650) 562-1282
     

County Employee Down Payment Assistance Program

Monterra Credit Union is proud to be partnering with San Mateo County for a down payment assistance program. Please check back often or review your employee communications for upcoming informational sessions.

County Employee Quick Cash Loan Program

Monterra Credit Union has been serving County employees since 1952, and we’re proud to be the preferred lender for this exciting Quick Cash Loan program in partnership with the County of San Mateo Department of Human Resources.  For more information please view the flyer and FAQ.

Free Financial Education Coaching

Monterra Credit Union has been recognized at the state, national and international levels for excellence in financial education for youth, students and adults. And all of this material is available to you!

  • Balance Financial Coaching
    • Balance's certified coaches provide life-changing action plans for people who need help with money management, housing, debt management, credit scores, and everything in between. They connect with people over the phone in Spanish or English at a time that is convenient for you — six days a week. Their coaches approach each session without judgment and with your best interest at heart.
    • https://monterra.bebalanced.org/partners/county-of-san-mateo
    • 1-888-456-2227