Altaone Federal Credit Union is headquartered in Ridgecrest and is the 71st largest credit union in the state of California. It is also the 522nd largest credit union in the nation. It was established in 1947 and as of December of 2022, it had grown to 179 employees and 55,185 members at 13 locations. Altaone Federal Credit Union's CD rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, volunteer or attend school in Kern, Inyo, Mono County or selected communities in northern San Bernardino County. Membership is also open to immediate family of existing members.
See current membership details
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One of the best!
I banked with AltaOne when I lived in the desert. They were the first credit union I have ever banked with and they were a good introduction to the experience. My direct deposits always came in the same day and I didn't have to pay a service fee. The bank was always quiet and the tellers were super helpful. They remembered me when I would come in and always offered help when I needed it. They would call me if there were any issues with my account and made me feel comfortable that my money was safe. They offer different services like loans, safety deposit boxed etc. I enjoyed my experience with AltaOne and will probably open another account with them in the near future. Highly recommended to anyone looking for a bank.
Would not recommend
I had a savings account with this institution for several years. The local branch is friendly and I had no issues with the customer service. However the online banking was a big problem for me. I tried several times to set up an online account even spending 30 minutes inside the branch itself trying to set it up. I had issues every time and finally gave up. The problem got worse as they began charging $2.00 for each statement they sent. I wanted to opt out of the physical statement to avoid this fee but guess what? YOU CAN ONLY OPT OUT THROUGH YOUR ONLINE ACCOUNT. You CANNOT tell a local teller to opt out for you nor can a phone representative help you with this either. Each month for months I lost $2.00 out of my account because I could NOT opt out since I had so much trouble trying to make an online account. This finally lead me to close my account out of frustration and I will never bank with them again.
Data as of Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 5612 |
| Year Chartered | 1947 |
| Employees | 179 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.56% |
| Return on Equity - YTD | 8.26% |
| Annual Interest Income | $25.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $791.5MM$740.9MM |
| Loans | Q4 2022vs Q4 2021 | $624.4MM$377.8MM |
| Deposits | Q4 2022vs Q4 2021 | $711.0MM$667.1MM |
| Equity Capital | Q4 2022vs Q4 2021 | $54.2MM$64.4MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $5.8MM$5.4MM |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $3.2MM$1.6MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$393.00K |
