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888-883-7228
2847 Campus Pkwy
Riverside, CA 92507

Altura Credit Union is headquartered in Riverside and is the 56th largest credit union in the state of California. It is also the 319st largest credit union in the nation. It was established in 1957 and as of December of 2013, it had grown to 207 employees and 85,079 members. Altura Credit Union's money market rates are 64% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, attend school or worship in Riverside County, San Diego County, Orange County, San Bernardino County, Cities of Anaheim, Garden Grove, Irvine, Santa Ana, Rancho Cucamonga, Ontario or Fontana. - See Details

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Reviews (1)

Closing Of Branches And Poor Website For On-Line Banking

Closing the Temecula and Murrieta branches has left customers isolated and dependent upon the old branch ATMs and the on-line banking system. Now, the Temecula bank ATM has been boarded up, and the on-line banking since January 11 does not allow Verizon customers to log-in to do business with the bank. The bank says that it is Verizon's fault - speed of the internet service - but Verizon technicians find that the speeds are no different than they were a week ago. In today's market, this is poor business process for customers. Hopefully, Altura will do a better investigation of the program and will provide solutions and communication with customers with the options and results.

AA Temecula, CA



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Altura Credit Union had $3.69 million in non-current loans and owned real-estate with $88.34 million in equity and loan loss allowances on hand to cover it. This gives Altura Credit Union a Texas Ratio of 4.17% 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 Altura Credit Union experienced no significant changes from 4.55% as of December 31, 2012 to 4.17% as of December 31, 2013, resulting in a positive change of 8.35%.This indicates that the balance sheet and financial strength for Altura Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Altura Credit Union has increased its total deposits by $6.11 million, resulting in 1.05% 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 Altura 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. Altura Credit Union has $678.89 million in assets with $88.34 million in equity, resulting in a capitalization level of 13.01%, which is excellent.

Institution Statistics

Overall
NCUA #62799
Year Chartered1957
Employees207
Primary Regulator
Assets and Liabilities
Assets$678.89 million
Loans$363.70 million
Deposits$587.52 million
Equity Capital$78.20 million
Loan Loss Allowance$10.15 million
Unbacked Noncurrent Loans$3.53 million
Real Estate Owned$160,000
Historic Data - December 2012
Assets$655.38 million
Equity Capital$67.97 million
Loan Loss Allowance$19.11 million
Unbacked Noncurrent Loans$3.53 million
Real Estate Owned$338,000
Profit Margin - Quarterly
Net Interest Margin5.31%
Return on Assets1.65%
Return on Equity14.31%
Interest Income$21.75 million
Rates

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

Altura Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--IRA Accumulator
0.10%--Roth IRA Accumulator
0.02%--Regular Share Savings
0.02%--Side Share
0.02%--Holiday Savings
0.02%--MyMoney Savings

Altura Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.72%$100k-Prestige Money Market
0.04%$2,500-Smart Money Market

Altura Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.12%$10k-Wealth Builder Checking
0.02%$100-Honors Checking

Altura Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.71%$1k-60 Month Share Certificate
1.11%$1k-48 Month Share Certificate
0.85%$1k-36 Month Share Certificate
0.50%$1k-24 Month Share Certificate
0.40%$50-50/50 Share Certificate
0.35%$1k-12 Month Share Certificate
0.25%$1k-6 Month Share Certificate
0.20%$1k-3 Month Share Certificate

Altura Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.71%$1k-60 Month IRA (Traditional,Roth)
1.11%$1k-48 Month IRA (Traditional,Roth)
0.85%$1k-36 Month IRA (Traditional,Roth)
0.50%$1k-24 Month IRA (Traditional,Roth)
0.40%$1k-50/50 IRA (Traditional,Roth)
0.35%$1k-12 Month IRA (Traditional,Roth)
0.25%$1k-6 Month IRA (Traditional,Roth)
0.20%$1k-3 Month IRA (Traditional,Roth)
Locations

Altura Credit Union has 12 locations. Click to view all Altura Credit Union locations.