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 158th largest credit union in the nation. It was established in 1931 and as of March of 2025, it had grown to 463 employees and 157,353 members at 17 locations. Altra Federal Credit Union's savings rates are 9X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Altra Federal Credit Union offers membership to those who live, work, worship, or attend school in specific census tracts in La Crosse, Wisconsin; Winona or Rochester, Minnesota; City of Clarksville or Montgomery County, Tennessee; or City of Tyler or Smith County, Texas. Employees of Trane or a Trane Authorized Dealer also qualify for membership. Immediate family member/household member of a current Altra Federal Credit Union are eligible to join.
See current membership details

Reviews (1)

Good Overall, Dislike Interest-Rate Swings In High Interest Checking

Joined this credit union in 2018 from a friend's recommendation and was not disappointed based on their high-interest checking accounts.

Easy to join even if outside field of membership requirements. The donation for $5 or so isn't so bad since you'll more than make up for it with interest rates on your balance.

Downsides are:

1. If you use this account to save money, they make it a little annoying to move money out. Outbound external transfers cost $5 each, but they offer "Altra Pay", which is their brand of "Payzur P2P" payments. You can do these for free in any amount up to $1000 per 24-hour period. They also participate in the credit union co-op shared branching/ATM. You can withdraw up to $500 from your debit card per day. Or just walk into the branch of another participating credit union to withdraw or deposit money without getting hit by fees like you would at the ATM.

2. Their interest rates are less stable compared to other big Midwestern credit unions such as Evansville Teachers FCU or Lake Michigan Credit Union. Altra used to only have A+ checking until 2019, when they came up with A+ platinum checking. The A+ checking makes you do 20 transactions. They don't have minimum required transaction amounts so if you want to do $0.50 gift card reloads on Amazon, pump tiny amounts of gas or find a store willing to do penny transactions, the account can still yield ~2% annually. Also slightly annoyed they are offering promotional rates for new members to join A+ platinum checking. Wish they'd prioritize current members first because dedicated savers like us are the ones who recommend friends and family to join. If they cut their interest rate on deposits, they should also cut the required transaction limit too. Otherwise it feels like a bit of a money grab.

3. Last time I checked, they don't offer personal checks for free outside of the first 8 they provide when signing up for a new account.



Health
A+

Health Grade Components

Overall
NCUA #24077
Year Chartered1931
Employees463
Primary Regulator
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD11.14%
Annual Interest Income$45.1MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$3.01B$2.88B
LoansQ1 2025vs Q1 2024$2.6B$2.5B
DepositsQ1 2025vs Q1 2024$2.5B$2.41B
Equity CapitalQ1 2025vs Q1 2024$329.2MM$294.4MM
Loan Loss AllowanceQ1 2025vs Q1 2024$29.1MM$26.4MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$11.8MM$15.7MM
Real Estate OwnedQ1 2025vs Q1 2024$239K$1.2MM
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
4.46%*$1m*$3mIndexed Tiered Savings
OTHER TIERS: 0.10% $0 - $250k | 3.46% $250k - $500k | 3.66% $500k - $750k | 4.06% $750k - $1m
0.75%*$5k*-Health Savings Account (HSA)
OTHER TIERS: 0.50% $0 - $5k
0.75%*$5k*-Business Health Savings Account
OTHER TIERS: 0.50% $0 - $5k
0.50%$25-Saver's Sweepstakes
0.10%$5-Business Regular Savings
0.10%$0-Special Savings
0.05%$5-Regular Savings

Altra Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.40%*$250k*-Business Money Market Account
OTHER TIERS: 1.90% $0 - $10k | 2.00% $10k - $25k | 2.10% $25k - $75k | 2.30% $75k - $250k
2.40%*$150k*-Best Life Advantage Money Market
OTHER TIERS: 1.90% $0 - $15k | 2.00% $15k - $50k | 2.10% $50k - $75k | 2.20% $75k - $100k | 2.30% $100k - $150k

Altra Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.25%*$0$15kA+ Platinum
OTHER TIERS: 0.20% $15k+
2.25%$0$15kA+ Checking
0.15%*$20k*-Business Edge (checking)
OTHER TIERS: 0.05% $5k - $10k | 0.10% $10k - $20k

Altra Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$100$4kGraduation Youth CD
4.00%$100$2kGrow Up Youth CD
4.00%$1k-13 Month Thrive Bump CD Special
3.50%$1k-37 Month Thrive Bump CD Special
3.00%*$1k*$25k25 Month First Time Homebuyers' CD
OTHER TIERS: 2.30% $25k+
2.45%$1k-60 Month CD
2.40%$1k-48 Month CD
2.35%$1k-36 Month CD
2.30%$1k-24 Month CD
2.25%$1k-18 Month CD
2.15%$1k-12 Month CD
2.15%$5k-12 Month HSA CD
2.05%$1k-6 Month CD

Altra Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$1k-13 Month Thrive Bump IRA Special
3.50%$1k-37 Month Thrive Bump IRA Special
2.45%$1k-60 Month IRA
2.40%$1k-48 Month IRA
2.35%$1k-36 Month IRA
2.30%$1k-24 Month IRA
2.25%$1k-18 Month IRA
2.15%$1k-12 Month IRA
0.50%$0-IRA Savings
Locations

Availability



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