allU.S. Credit Union

Specialties

allU.S. was formed in 1950 as the Monterey County Employees Credit Union to provide services to the employees of Monterey County and their family members. They expanded their field of membership to include a select number of employer groups. In June of 2008 they welcomed the former members of Monterey Columbian Federal Credit Union to their field of membership. In September of 2013 they changed their name to allU.S. Credit Union and currently serve thousands of members from the Monterey Peninsula to the Salinas Valley. The name may have changed, but the locally valued credit union still proudly stands apart as an alternative to large, for-​profit banks run by corporations. The all-​volunteer board of directors and the executive team remain unchanged, and they always vow to help fuel a healthy economy and apply the same level of community involvement and leadership. allU.S. may be a new name in the community, but the way it conducts business is still positively different. The changes have positioned this unique credit union for sustained growth — in size as well as member loyalty and satisfaction.

History

Established in 1950.

In 1950, the average American earned roughly $ 3,210 a year. A new house cost $ 8,450. A gallon of gasoline was 18 cents. And the Monterey County Employee Credit Union opened its doors, offering low-​cost loans and personal customer service to a select few members.

Fast-​forward 63 years, and the financial outlook is much more complicated for the average American consumer. And the Monterey County Employee Credit Union has changed with the times, starting with expanding its valued services to everyone — and renaming the now-​inclusive business allU.S. Credit Union.

Meet the Manager

Patrick R.

Manager

Patrick Redo, Chief Executive Officer joined allU.S. Credit Union, formerly Monterey County Employees Credit Union (MCECU), in January of 2006. Since his appointment, allU.S. assets have nearly doubled to $ 33.4 million, and its loan volume of $ 13 million has reached the highest level in the Credit Union’s history. Mr. Redo credits the many accomplishments of allU.S. to his talented team of employees:

* the development of allU.S. new progressive and innovative vision;

* the implementation of a strong proactive, customer service– oriented corporate culture;

* significant growth in assets services, infrastructure and members.

Prior to allU.S., Mr. Redo served in a variety of leadership positions with Bank of America for 23 years and then five years as Chief Operating Officer at Patriots Federal Credit Union in southern California.

He is a committed member of the community, providing support to Rancho Cielo Youth Campus and the Deputies Benefit Association.