Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
1700 Oak Forest Dr
Onalaska, WI 54650

Altra Federal Credit Union is headquartered in Onalaska and is the 8th largest credit union in the state of Wisconsin. It is also the 219st largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 252 employees and 78,994 members. Altra Federal Credit Union's money market rates are 93% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

You qualify if you live, work, worship, or attend school in one of the select designated areas or communities. Or, if someone in your immediate family or household does, you qualify. - See Details

Related Posts

Reviews (3)

Correction To Review Re: Posting Order


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!

Warning Posting Process!!!!

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

Best Bank!!!

They really care about you as a person! I tell everyone to go to Altra, many friends and family have switched and everyone LOVES IT!!! A+ on everything.


Data for Q1 2014

Institution Health


Texas Ratio


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 Altra Federal Credit Union had $7.8 million in non-current loans and owned real-estate with $115.84 million in equity and loan loss allowances on hand to cover it. This gives Altra Federal Credit Union a Texas Ratio of 6.74% 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 Altra Federal Credit Union decreased slightly from 8.86% as of March 31, 2013 to 6.74% as of March 31, 2014, resulting in a positive change of 24.02%.This indicates that the balance sheet and financial strength for Altra Federal Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Altra Federal Credit Union has increased its total deposits by $46.77 million, resulting in 5.75% 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.



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 $1 billion in assets with $115.84 million in equity, resulting in a capitalization level of 11.54%, which is excellent.

Institution Statistics

NCUA #24077
Year Chartered1934
Primary Regulator
Assets and Liabilities
Assets$1.00 billion
Loans$792.57 million
Deposits$859.81 million
Equity Capital$108.25 million
Loan Loss Allowance$7.59 million
Unbacked Noncurrent Loans$5.76 million
Real Estate Owned$2.04 million
Historic Data - March 2013
Assets$933.22 million
Equity Capital$97.23 million
Loan Loss Allowance$8.73 million
Unbacked Noncurrent Loans$5.76 million
Real Estate Owned$1.84 million
Profit Margin - Quarterly
Net Interest Margin0.91%
Return on Assets1.12%
Return on Equity10.34%
Interest Income$8.92 million

Always verify rates and promotions with the bank or credit union. We are not Altra Federal Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Altra Federal Credit Union Savings Account Rates

1.00%$5k-Health Savings Account
0.80%--IRA Savings
0.60%$75k-High Rate Savings
0.10%--Club Savings Account
0.10%--Regular Savings
0.10%--Business Regular Savings
0.10%--Special Savings

Altra Federal Credit Union Money Market Rates

0.85%$150k-Platinum Money Market w/ Checking
0.75%$150k-Platinum Money Market w/o Checking
0.60%$75k-Business Money Market Account
0.40%$20k-Traditional Money Market w/ Checking
0.30%$20k-Traditional Money Market w/o Checking

Altra Federal Credit Union Checking Account Rates

2.25%-$15kA+ Checking - Qualifying
0.60%$75k-Platinum Checking
0.15%$20k-Business Edge (checking)
0.10%--A+ Checking - Non Qualifying

Altra Federal Credit Union CD Rates

5.00%$100-Graduation New Youth CD
4.00%$100-Grow Up New Youth CD
3.00%$1k$25kFirst Time Homebuyers' CD
2.00%$1k-60 Month CD w/ Checking
1.35%$100k-48 Month CD w/ Checking
1.25%$100k-36 Month CD w/ Checking
1.00%$100k-24 Month CD w/ Checking
1.00%$1k-16 Month Step Up CD w/ Checking
0.90%$100k-18 Month CD w/ Checking
0.85%$100k-48 Month CD w/o Checking
0.75%$100k-36 Month CD w/o Checking
0.70%$100k-12 Month CD w/ Checking
0.60%$100k-6 Month CD w/ Checking
0.50%$100k-24 Month CD w/o Checking
0.45%$100k-12 Month CD w/o Checking
0.40%$100k-18 Month CD w/o Checking
0.35%$100k-6 Month CD w/o Checking

Altra Federal Credit Union IRA Rates

2.00%$1k-60 Month IRA Certificate w/ Checking
1.35%$100k-48 Month IRA Certificate w/ Checking
1.25%$100k-36 Month IRA Certificate w/ Checking
1.00%$100k-24 Month IRA Certificate w/ Checking
1.00%$1k-16 Month Step Up IRA Certificate w/ Checking
0.90%$100k-18 Month IRA Certificate w/ Checking
0.85%$100k-48 Month IRA Certificate w/o Checking
0.75%$100k-36 Month IRA Certificate w/o Checking
0.70%$100k-12 Month IRA Certificate w/ Checking
0.50%$100k-24 Month IRA Certificate w/o Checking
0.45%$100k-12 Month IRA Certificate w/o Checking
0.40%$100k-18 Month IRA Certificate w/o Checking

Altra Federal Credit Union has 17 locations. Click to view all Altra Federal Credit Union locations.