Altra Federal Credit Union


Overview / Commentary
608-787-4500
1700 Oak Forest Dr
Onalaska, WI 54650

Altra Federal Credit Union is headquartered in ONALASKA and is the 10th largest credit union in the state of Wisconsin. It is also the 184th largest credit union in the nation. It was established in 1934 and as of June of 2019, it had grown to 375 employees and 106,977 members at 16 locations. Altra Federal Credit Union's money market rates are 4X the national average, and it has an A health rating.

Field of Membership Restrictions

Altra Federal Credit Union offers membership to those who attend school, worship, live, or work in specific census tracts in La Crosse, Wisconsin; Winona or Rochester, Minnesota; city of Clarksville or Montgomery County, Tennessee; or city or Tyler or Smith County, Texas.
See current membership details

Related Posts

Altra Federal Credit Union Adds A+ Platinum Checking, 3.50% APY - 2/21/2019

Altra Federal Credit Union (MN/TN/TX/WI) has introduced a new rewards checking account: A+ Platinum, earning 3.50% APY on qualifying balances up to $15k.

View all posts from:


Reviews (7)

Best Bank!!!

Posted by: Amber2256 | Apr 18, 2012

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.

Correction To Review Re: Posting Order

Posted by: CLN | May 2, 2011

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!

Great customer service!

I've banked with Altra for years now, And I have to say the customer service is great! I've had every issue resolved with speed and accuracy right away, with no waiting! Everyone is kind, and genuinely seems to care for customers that bank with them. I was told about this bank through a friend, they said how much they liked it, and that I would too. And they were right! The only problems I have had are with the website, but those are forgivable. I would highly recommend banking with this institution! They will meet any needs that you have. If that doesn't convince you, then let me tell you, their rates are low. I've had a credit card for a few years now, and not once have I regretted getting it!

Altra Will Not Add Beneficiary Without Notarized Paperwork

Posted by: wayward | Dec 13, 2018

I have been a customer at Altra FCU for years and on my original app long ago had included my beneficiaries. However when buying two new CDs this year, they would not guarantee my beneficiaries apply to the new CDs until I send in notarized documents. Their rates are good but not good enough for that hassle, and also the fact they did not notify me that my existing beneficiaries are suddenly not applicable is unprofessional at the least.

NOT ACCOMODATING

If you're looking for interest rates that can't be beat once you jump through some hoops, this is your bank as long as you don't mind the absence of the "personal" interaction.

Customer Dis-Service

Posted by: Alnel4 | Aug 24, 2016

Went to deposit money for cell phone bill..one of the people on my account is a cab driver so had $13 in quarters. They wouldn't take it, saying that they have some agreement with Festival. First of all I understand the agreement of not having a change counter. Second, you're a god d**m bank, money is money! Third, if someone is offering to count it out all for you and put it in dollar stacks jump at that chance! Less for you guys to do! Fourth, I don't appriciate being told not to come back because I said it was retarded (which you know is true). I will be closing my account at the end of the month, and my boyfriend will be as well. Never will recommend Altra again.

And you probably should really think of calling people when they have something that comes out that'll make their account overdrawn BEFORE the overdraft fee. Literally could have come to put a measly $11 in that day, not everyone remembers when a debit is gonna happen for a monthly debit transaction...nor do they check their bank account daily.

Warning Posting Process!!!!

Posted by: REDBUTLER | Apr 8, 2011

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



Health

Health Grade Components

Overall
NCUA #24077
Year Chartered1934
Employees375
Primary Regulator
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD9.62%
Annual Interest Income$32.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.64B$1.49B
LoansQ2 2019vs Q2 2018$1.39B$1.28B
DepositsQ2 2019vs Q2 2018$1.34B$1.22B
Equity CapitalQ2 2019vs Q2 2018$179.5MM$161.9MM
Loan Loss AllowanceQ2 2019vs Q2 2018$8.0MM$7.5MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$7.7MM$9.3MM
Real Estate OwnedQ2 2019vs Q2 2018$532.00K$1.9MM
Rates
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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 cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

Altra Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$5k*-Health Savings Account (HSA)
OTHER TIERS: 0.75% Up to $5k
0.80%--IRA Savings
0.40%$25-Saver's Sweepstakes (MN and WI residents only)
0.10%--Club Savings
0.10%$5-Regular Savings
0.10%$5-Business Regular Savings

Altra Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.78%*$1m*$3mIndexed Money Market
OTHER TIERS: 0.10% Up to $250k | 0.78% $250k - $500k | 0.98% $500k - $750k | 1.38% $750k - $1m
1.78%*$1m*$3mBusiness Indexed Money Market
OTHER TIERS: 0.10% Up to $250k | 0.78% $250k - $500k | 0.98% $500k - $750k | 1.38% $750k - $1m
1.10%*$150k*-Best Life Money Market
OTHER TIERS: 0.10% Up to $25k | 0.70% $25k - $50k | 0.80% $50k - $75k | 0.90% $75k - $100k | 1.00% $100k - $150k
0.85%*$150k*-Platinum Money Market w/ Checking
OTHER TIERS: 0.10% Up to $35k | 0.45% $35k - $50k | 0.55% $50k - $75k | 0.65% $75k - $100k | 0.75% $100k - $150k
0.75%*$150k*-Platinum Money Market w/o Checking
OTHER TIERS: 0.10% Up to $35k | 0.35% $35k - $50k | 0.45% $50k - $75k | 0.55% $75k - $100k | 0.65% $100k - $150k
0.70%*$250k*-Business Money Market Account
OTHER TIERS: 0.10% Up to $25k | 0.40% $10k - $25k | 0.50% $25k - $75k | 0.60% $75k - $250k
0.40%*$20k*-Traditional Money Market w/ Checking
OTHER TIERS: 0.10% Up to $2.5k | 0.30% $2.5k - $10k | 0.35% $10k - $20k
0.30%*$20k*-Traditional Money Market w/o Checking
OTHER TIERS: 0.10% Up to $2.5k | 0.20% $2.5k - $10k | 0.25% $10k - $20k

Altra Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*-$15kA+ Platinum
OTHER TIERS: 0.40% $15k+
2.75%-$15kA+ Checking
0.60%*$75k*-Platinum Checking
OTHER TIERS: 0.10% Up to $25k | 0.50% $25k - $75k
0.15%*$20k*-Business Edge (checking)
OTHER TIERS: 0.05% $5k - $10k | 0.10% Up to $20k

Altra Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$100-Graduation Youth CD
4.00%$100-Grow Up Youth CD
3.00%*$25k*-25 Month First Time Homebuyers' CD w/ Checking
OTHER TIERS: 1.55% $1k - $25k
2.20%$1k-31 Month Thrive CD Special
1.95%*$100k*-60 Month CD w/ Checking
OTHER TIERS: 1.75% $1k - $50k | 1.85% $50k - $100k
1.95%$1k-13 Month Thrive CD Special
1.85%*$100k*-48 Month CD w/ Checking
OTHER TIERS: 1.65% $1k - $50k | 1.75% $50k - $100k
1.80%*$100k*-36 Month CD w/ Checking
OTHER TIERS: 1.60% $1k - $50k | 1.70% $50k - $100k
1.75%*$100k*-24 Month CD w/ Checking
OTHER TIERS: 1.55% $1k - $50k | 1.65% $50k - $100k
1.70%*$100k*-18 Month CD w/ Checking
OTHER TIERS: 1.50% $1k - $50k | 1.60% $50k - $100k
1.65%*$100k*-12 Month CD w/ Checking
OTHER TIERS: 1.45% $1k - $50k | 1.55% $50k - $100k
1.45%*$100k*-60 Month CD w/o Checking
OTHER TIERS: 1.25% $1k - $50k | 1.35% $50k - $100k
1.35%*$100k*-48 Month CD w/o Checking
OTHER TIERS: 1.15% $1k - $50k | 1.25% $50k - $100k
1.30%*$100k*-6 Month CD w/ Checking
OTHER TIERS: 1.10% $1k - $50k | 1.20% $50k - $100k
1.30%*$100k*-36 Month CD w/o Checking
OTHER TIERS: 1.10% $1k - $50k | 1.20% $50k - $100k
1.25%*$100k*-24 Month CD w/o Checking
OTHER TIERS: 1.05% $1k - $50k | 1.15% $50k - $100k
1.20%*$100k*-18 Month CD w/o Checking
OTHER TIERS: 1.00% $1k - $50k | 1.10% $50k - $100k
1.15%*$100k*-12 Month CD w/o Checking
OTHER TIERS: 0.95% $1k - $50k | 1.05% $50k - $100k
0.80%*$100k*-6 Month CD w/o Checking
OTHER TIERS: 0.60% $1k - $50k | 0.70% $50k - $100k

Altra Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.20%$1k-31 Month Thrive IRA Special
1.95%*$100k*-60 Month IRA w/ Checking
OTHER TIERS: 1.75% $1k - $50k | 1.85% $50k - $100k
1.95%$1k-13 Month Thrive IRA Special
1.85%*$100k*-48 Month IRA w/ Checking
OTHER TIERS: 1.65% $1k - $50k | 1.75% $50k - $100k
1.80%*$100k*-36 Month IRA w/ Checking
OTHER TIERS: 1.60% $1k - $50k | 1.70% $50k - $100k
1.75%*$100k*-24 Month IRA w/ Checking
OTHER TIERS: 1.55% $1k - $50k | 1.65% $50k - $100k
1.70%*$100k*-18 Month IRA w/ Checking
OTHER TIERS: 1.50% $1k - $50k | 1.60% $50k - $100k
1.65%*$100k*-12 Month IRA w/ Checking
OTHER TIERS: 1.45% $1k - $50k | 1.55% $50k - $100k
1.45%*$100k*-60 Month IRA w/o Checking
OTHER TIERS: 1.25% $1k - $50k | 1.35% $50k - $100k
1.35%*$100k*-48 Month IRA w/o Checking
OTHER TIERS: 1.15% $1k - $50k | 1.25% $50k - $100k
1.30%*$100k*-36 Month IRA w/o Checking
OTHER TIERS: 1.10% $1k - $50k | 1.20% $50k - $100k
1.25%*$100k*-24 Month IRA w/o Checking
OTHER TIERS: 1.05% $1k - $50k | 1.15% $50k - $100k
1.20%*$100k*-18 Month IRA w/o Checking
OTHER TIERS: 1.00% $1k - $50k | 1.10% $50k - $100k
1.15%*$100k*-12 Month IRA w/o Checking
OTHER TIERS: 0.95% $1k - $50k | 1.05% $50k - $100k
Locations

Availability



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