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3 star rating based on 2 reviews.

Altra Federal Credit Union

Altra Federal Credit Union Locations
2715 Losey Blvd South
La Crosse, WI 54601
608-787-4500
www.altra.org

Altra Federal Credit Union is headquartered in LA CROSSE and is the 8th largest credit union in the state of Wisconsin. It is also the 216st largest credit union in the nation. It was established in 1934 and as of September of 2011, it had grown to 204 employees and 69,204 members. Altra Federal Credit Union's money market rates are 2X the national average, and it boasts a 5-star health rating.

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Special 18-Month CD Rate at Altra Federal Credit Union in Parts of WI, MN, TN & TX - 4/27/2011

Altra Federal Credit Union continues to offer a competitive special 18-month CD. The top rate is 2.00% APY. This requires a checking account with direct deposit. Otherwise, the rate falls to 1.50% APY ...

Competitive 18-Month CD Rate at Altra FCU in Parts of WI, MN, TN & TX - 5/10/2010

Altra Federal Credit Union is offering a special 18-month CD with both a step-up and add-on feature. The top rate is 2.10% APY. This requires a checking account with direct deposit. Without this the ...

High-Yield Reward Checking Account at a Multi-State CU (Altra) - 12/30/2007

Update 9/07/09: The top yield has fallen to 3.50% APY. Refer to the bottom of the post for the rate history.Altra Federal Credit Union has a reward checking account called Altra Plus A+ Checking that pays 3.50% APY on balances up to $25,000 (0.75% for...



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See Rates for: Checking | Savings | Money Market | CD | IRA

Altra Federal Credit Union Checking Account Rates

ApyMinMaxProduct
2.00%-$25kA+ Checking
0.65%$75k-Platinum Checking
0.20%$500-Premium Checking
0.15%$20k-Business Edge (checking)

Altra Federal Credit Union Savings Account Rates

ApyMinMaxProduct
1.10%$5k-Health Savings Account
1.00%-$5kSaveUP - Qualifying
0.80%--IRA Savings
0.65%$75k-High Rate Savings
0.20%--Club Savings Account
0.20%--Regular Savings
0.20%--Business Regular Savings
0.20%--Special Savings
0.10%--SaveUP - Non Qualifying

Altra Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.95%$150k-Platinum Money Market
0.65%$75k-Business Money Market Account
0.45%$20k-Traditional Money Market

Altra Federal Credit Union CD Rates

ApyMinMaxProduct
4.00%$25-Grow Green Youth Certificate
1.65%$100k-48 Month CD w/ Checking
1.65%$100k-60 Month CD w/ Checking
1.45%$100k-36 Month CD w/ Checking
1.45%$250-48 Month Youth CD w/ Checking
1.45%$250-60 Month Youth CD w/ Checking
1.25%$250-36 Month Youth CD w/ Checking
1.15%$1k-18 Month Step Up CD w/ Checking
1.15%$250-18 Month Youth Step Up CD w/ Checking
1.15%$100k-48 Month CD w/o Checking
1.15%$100k-60 Month CD w/o Checking
1.10%$100k-24 Month CD w/ Checking
0.95%$100k-36 Month CD w/o Checking
0.95%$250-48 Month Youth CD w/o Checking
0.95%$250-60 Month Youth CD w/o Checking
0.90%$250-24 Month Youth CD w/ Checking
0.75%$250-36 Month Youth CD w/o Checking
0.70%$100k-12 Month CD w/ Checking
0.65%$1k-18 Month Step Up CD w/o Checking
0.65%$250-18 Month Youth Step Up CD w/o Checking
0.60%$100k-6 Month CD w/ Checking
0.60%$100k-24 Month CD w/o Checking
0.50%$250-12 Month Youth CD w/ Checking
0.45%$100k-12 Month CD w/o Checking
0.40%$250-6 Month Youth CD w/ Checking
0.40%$250-24 Month Youth CD w/o Checking
0.35%$100k-6 Month CD w/o Checking
0.25%$250-12 Month Youth CD w/o Checking
0.15%$250-6 Month Youth CD w/o Checking

Altra Federal Credit Union IRA Rates

ApyMinMaxProduct
1.65%$100k-48 Month CESA Certificate w/ Checking
1.65%$100k-48 Month IRA Certificate w/ Checking
1.65%$100k-48 Month Roth IRA Certificate w/ Checking
1.65%$100k-60 Month CESA Certificate w/ Checking
1.65%$100k-60 Month IRA Certificate w/ Checking
1.65%$100k-60 Month Roth IRA Certificate w/ Checking
1.45%$100k-36 Month CESA Certificate w/ Checking
1.45%$100k-36 Month IRA Certificate w/ Checking
1.45%$100k-36 Month Roth IRA Certificate w/ Checking
1.15%$1k-18 Month Step Up IRA Certificate w/ Checking
1.15%$100k-48 Month IRA Certificate w/o Checking
1.15%$1k-18 Month Step Up Roth IRA Certificate w/ Checking
1.15%$100k-48 Month Roth IRA Certificate w/o Checking
1.15%$1k-18 Month Step Up CESA Certificate w/ Checking
1.15%$100k-48 Month CESA Certificate w/o Checking
1.15%$100k-60 Month CESA Certificate w/o Checking
1.15%$100k-60 Month IRA Certificate w/o Checking
1.15%$100k-60 Month Roth IRA Certificate w/o Checking
1.10%$100k-24 Month CESA Certificate w/ Checking
1.10%$100k-24 Month IRA Certificate w/ Checking
1.10%$100k-24 Month Roth IRA Certificate w/ Checking
0.95%$100k-36 Month IRA Certificate w/o Checking
0.95%$100k-36 Month Roth IRA Certificate w/o Checking
0.95%$100k-36 Month CESA Certificate w/o Checking
0.70%$100k-12 Month CESA Certificate w/ Checking
0.70%$100k-12 Month IRA Certificate w/ Checking
0.70%$100k-12 Month Roth IRA Certificate w/ Checking
0.65%$1k-18 Month Step Up IRA Certificate w/o Checking
0.65%$1k-18 Month Step Up Roth IRA Certificate w/o Checking
0.65%$1k-18 Month Step Up CESA Certificate w/o Checking
0.60%$100k-24 Month IRA Certificate w/o Checking
0.60%$100k-24 Month Roth IRA Certificate w/o Checking
0.60%$100k-24 Month CESA Certificate w/o Checking
0.45%$100k-12 Month IRA Certificate w/o Checking
0.45%$100k-12 Month Roth IRA Certificate w/o Checking
0.45%$100k-12 Month CESA Certificate w/o Checking

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


ALTRA
NCUA #24077
BankRate ReportView
Year Established1934
Employees204
Primary Regulator

Assets and Liabilities

Assets$843.43 million
Loans$629.99 million
Deposits$747.33 million
Equity Capital$75.63 million
Loan Loss Allowance$8.92 million
Unbacked Noncurrent Loans$9.30 million
Real Estate Owned$2.90 million

Historic Data - September 2010

Assets$767.34 million
Equity Capital$67.54 million
Loan Loss Allowance$8.25 million
Unbacked Noncurrent Loans$16.28 million
Real Estate Owned$2.85 million

Profit Margin - Quarterly

Net Interest Margin3.14%
Return on Assets0.77%
Return on Equity8.61%
Interest Income$26.60 million
Non-Interest Income$10.33 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
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 September 30, 2011 Altra Federal Credit Union had $12.19 million in non-current loans and owned real-estate with $84.55 million in equity and loan loss allowances on hand to cover it. This gives Altra Federal Credit Union a Texas Ratio of 14.42% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Altra Federal Credit Union decreased significantly from 25.24% as of September 30, 2010 to 14.42% as of September 30, 2011, resulting in a positive change of 42.87%.This indicates that the balance sheet and financial strength for Altra Federal Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, Altra Federal Credit Union has increased its total deposits by $63.88 million, resulting in 9.35% 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 Altra Federal Credit Union has shown is excellent.
Capitalization4
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. Altra Federal Credit Union has $843.43 million in assets with $84.55 million in equity, resulting in a capitalization level of 10.02%, which is above average.
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Correction To Review Re: Posting Order
5 stars - CLN - Monday, May 2, 2011 - 11:23 AM

The previous review is not correct. Altra posts credit before debits. All ACH credits are posted first, then debits. Checks that come in for a particular day are cleared in numeric order at the end of that business day. We do everything possible to give the member most advantageous posting order.

The only exception is Debit card PIN purchases or ATM withdrawals are posted as they occur and a check cashed at one of our branches will clear immediately.

If the member would like to discuss, please stop in or call our Member Service center. We'd be happy to discuss further.

P.S. The comment system would not let me reply to the previous review or post this without a star rating - I am not trying to skew the ratings!

4

Warning Posting Process!!!!
1 stars - REDBUTLER - Friday, April 8, 2011 - 10:04 PM

This institution processess ACH and Bill Pay BEFORE deposits on the same business day. Buyer beware.

3
 
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