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Overview / Commentary
406-651-2328
3212 Central Ave
Billings, MT 59102-6646

Altana Credit Union is headquartered in Billings and is the 3rd largest credit union in the state of Montana. It is also the 888th largest credit union in the nation. It was established in 1949 and as of March of 2014, it had grown to 77 employees and 18,477 members. Altana Credit Union's savings rates are 63% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Persons who live, work, worship or attend school, and businesses located in the counties of Yellowstone, Carbon, Stillwater, Sweet Grass, Wheatland, Golden Valley and Musselshell are eligible for membership at Altana Federal Credit Union. As an added feature of membership, immediate family members are able to join. Immediate family members include a spouse, child, sibling, parent, grandparent, grandchild, stepparent, stepchild, stepsibling or adoptive relationship. - See Details

Reviews (1)

Awful Experiences

This credit union has been horrible! I have 2 loans with them. I thought one was going to be paid off until they came back to tell me that I had 6 payments that were skipped! (I had to contact them to find this out). I have payed every month and my money clearly has been misplaced! This is not the first time. They also cannot make a simple change of address or record an accurate phone number. I attempted three times via mail and fax to change my address, and they finally did it when my mom had to take it in. (I live out of state). Then they recorded the wrong phone number, and claim that that is why I was never notified of the skipped payments. I guess the mail isn't a method they considered. I now have been waiting for three weeks to get the documentation on the loan where they lost my payments that were cleared and sent directly to them from my bank. Wow. I really wonder how they are allowed to handle people's money. My advice is to stay clear.



Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Altana Credit Union had $1.16 million in non-current loans and owned real-estate with $25.49 million in equity and loan loss allowances on hand to cover it. This gives Altana Credit Union a Texas Ratio of 4.56% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Altana Credit Union experienced no significant changes from 2.95% as of March 31, 2013 to 4.56% as of March 31, 2014, resulting in a negative change of 54.64%. This indicates that the balance sheet and financial strength for Altana Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Altana Credit Union has increased its total deposits by $3.63 million, resulting in 1.95% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Altana Credit Union has shown is above average.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Altana Credit Union has $215.92 million in assets with $25.49 million in equity, resulting in a capitalization level of 11.80%, which is excellent.

Institution Statistics

Overall
NCUA #6275
Year Chartered1949
Employees77
Primary Regulator
Assets and Liabilities
Assets$215.92 million
Loans$132.17 million
Deposits$189.59 million
Equity Capital$24.51 million
Loan Loss Allowance$976,000
Unbacked Noncurrent Loans$1.16 million
Real Estate Owned$0
Historic Data - March 2013
Assets$211.22 million
Equity Capital$23.65 million
Loan Loss Allowance$950,000
Unbacked Noncurrent Loans$1.16 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.14%
Return on Assets0.41%
Return on Equity3.59%
Interest Income$1.75 million
Rates
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Altana Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.85%-$10kWealth Builder Savings Account
0.85%$2,500$20kWealth Builder Plus Savings Account
0.40%$100k-Traditional IRA Shares
0.40%$100k-Roth IRA Shares
0.25%$10k-Coverdell ESA
0.05%$20k-Super Saver Account
0.03%$25-Regular Shares Savings Account

Altana Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Premier Money Market Account
0.10%$100k-Money Market Account

Altana Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.40%$50k-60 Month CD
1.20%$50k-48 Month CD
0.90%$50k-36 Month CD
0.65%$50k-24 Month CD
0.45%$50k-18 Month CD
0.35%$50k-12 Month CD
0.20%$25k-6 Month CD
0.15%$100-6 Month FYI CD
0.15%$100-12 Month FYI CD
0.15%$100-6 Month Cubby CD
0.15%$100-12 Month Cubby CD

Altana Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.55%$50k-60 Month IRA
1.10%$100-60 Month CESA
1.00%$50k-36 Month IRA
0.75%$50k-24 Month IRA
0.55%$100-24 Month CESA
0.35%$50k-12 Month IRA
0.10%$100-12 Month CESA
Locations


Altana Credit Union Locations
Branch Office3212 Central AveBillings, MT 59102-6646
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