Altura Credit Union is headquartered in Riverside and is the 55th largest credit union in the state of California. It is also the 313st largest credit union in the nation. It was established in 1957 and as of September of 2013, it had grown to 208 employees and 85,452 members. Altura Credit Union's money market rates are 18% higher than the national average, and it has a A health rating.
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
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
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, 2013 Altura Credit Union had $3.75 million in non-current loans and owned real-estate with $92.99 million in equity and loan loss allowances on hand to cover it. This gives Altura Credit Union a Texas Ratio of 4.03% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Altura Credit Union decreased slightly from 5.15% as of September 30, 2012 to 4.03% as of September 30, 2013, resulting in a positive change of 21.72%.This indicates that the balance sheet and financial strength for Altura Credit Union has improved slightly in recent periods.
In the past year, Altura Credit Union has increased its total deposits by $808,000, resulting in 0.13% 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.
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 $689.49 million in assets with $92.99 million in equity, resulting in a capitalization level of 13.49%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$80.16 million|
|Loan Loss Allowance||$12.84 million|
|Unbacked Noncurrent Loans||$3.54 million|
|Real Estate Owned||$213,000|
|Historic Data - September 2012|
|Equity Capital||$63.76 million|
|Loan Loss Allowance||$22.56 million|
|Unbacked Noncurrent Loans||$3.54 million|
|Real Estate Owned||$404,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.07%|
|Return on Assets||2.46%|
|Return on Equity||21.2%|
|Interest Income||$16.40 million|
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|0.10%||-||-||Roth IRA Accumulator|
|0.02%||-||-||Regular Share Savings|
|0.52%||$100k||-||Prestige Money Market|
|0.04%||$2,500||-||Smart Money Market|
|0.12%||$10k||-||Wealth Builder Checking|
|1.35%||$1k||-||60 Month Share Certificate|
|0.95%||$1k||-||48 Month Share Certificate|
|0.65%||$1k||-||36 Month Share Certificate|
|0.40%||$1k||-||24 Month Share Certificate|
|0.40%||$50||-||50/50 Share Certificate|
|0.25%||$1k||-||12 Month Share Certificate|
|0.15%||$1k||-||6 Month Share Certificate|
|0.10%||$1k||-||3 Month Share Certificate|
|1.35%||$1k||-||60 Month IRA|
|1.35%||$1k||-||60 Month Roth IRA|
|0.95%||$1k||-||48 Month IRA|
|0.95%||$1k||-||48 Month Roth IRA|
|0.65%||$1k||-||36 Month IRA|
|0.65%||$1k||-||36 Month Roth IRA|
|0.40%||$1k||-||24 Month IRA|
|0.40%||$1k||-||50/50 Roth IRA|
|0.40%||$1k||-||24 Month Roth IRA|
|0.25%||$1k||-||12 Month IRA|
|0.25%||$1k||-||12 Month Roth IRA|
|0.15%||$1k||-||6 Month IRA|
|0.15%||$1k||-||6 Month Roth IRA|
|0.10%||$1k||-||3 Month IRA|
|0.10%||$1k||-||3 Month Roth IRA|