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P.O. Box 1209
Ridgecrest, CA 93556

Altaone Credit Union is headquartered in Ridgecrest and is the 65th largest credit union in the state of California. It is also the 387th largest credit union in the nation. It was established in 1947 and as of December of 2013, it had grown to 157 employees and 50,902 members. Altaone Credit Union's money market rates are 14% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or attend school in Kern, Inyo, Mono County or selected communities in northern San Bernardino County. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Altaone Credit Union had $6.12 million in non-current loans and owned real-estate with $62.01 million in equity and loan loss allowances on hand to cover it. This gives Altaone Credit Union a Texas Ratio of 9.86% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Altaone Credit Union decreased slightly from 12.96% as of December 31, 2012 to 9.86% as of December 31, 2013, resulting in a positive change of 23.88%.This indicates that the balance sheet and financial strength for Altaone Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Altaone Credit Union has increased its total deposits by $6.4 million, resulting in 1.27% 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 Altaone Credit Union has shown is above average.



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. Altaone Credit Union has $566.4 million in assets with $62.01 million in equity, resulting in a capitalization level of 10.95%, which is above average.

Institution Statistics

NCUA #5612
Year Chartered1947
Primary Regulator
Assets and Liabilities
Assets$566.40 million
Loans$475.44 million
Deposits$510.09 million
Equity Capital$53.96 million
Loan Loss Allowance$8.05 million
Unbacked Noncurrent Loans$4.84 million
Real Estate Owned$1.28 million
Historic Data - December 2012
Assets$557.10 million
Equity Capital$50.91 million
Loan Loss Allowance$8.68 million
Unbacked Noncurrent Loans$4.84 million
Real Estate Owned$1.46 million
Profit Margin - Quarterly
Net Interest Margin4.84%
Return on Assets0.78%
Return on Equity8.14%
Interest Income$25.79 million

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Altaone Credit Union Savings Account Rates

0.15%$50k-Regular Share Savings
0.15%--IRA Account

Altaone Credit Union Money Market Rates

0.50%$250k-AltaAdvantage Money Market
0.20%$50k-Money Market Account

Altaone Credit Union Checking Account Rates

0.23%$250k-Business Dividend Share Draft

Altaone Credit Union CD Rates

1.56%$50k-60 Month Share Certificate
1.36%$50k-48 Month Share Certificate
1.00%$50k-36 Month Share Certificate
0.90%$50k-30 Month Bump-up Share Certificate
0.70%$50k-24 Month Share Certificate
0.65%$50k-18 Month Bump-up Share Certificate
0.50%$50k-12 Month Share Certificate
0.30%$50k-6 Month Share Certificate

Altaone Credit Union IRA Rates

1.56%$50k-60 Month IRA
1.36%$50k-48 Month IRA
1.00%$50k-36 Month IRA
0.90%$50k-30 Month Bump-up IRA
0.70%$50k-24 Month IRA
0.65%$50k-18 Month Bump-up IRA
0.50%$50k-12 Month IRA
0.30%$50k-6 Month IRA

Altaone Credit Union has 13 locations. Click to view all Altaone Credit Union locations.