Dec, 31, 2023 — ALTAONE FEDERAL CREDIT UNION is a federal credit union headquartered in RIDGECREST, CA with 13 branch locations and about $823.74 million in total assets. Opened 77 years ago in 1947, ALTAONE FEDERAL CREDIT UNION has about 56,796 members and employs 181 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALTAONE FEDERAL CREDIT UNION |
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Address: (Main Office) | 701 S China Lake Blvd RIDGECREST, CA 93555-5027 |
Phone: | (760) 371-7000 |
Fax: | |
Website: | https://www.altaone.org |
Branches: | 13 branch locations |
Members: | 56,796 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5612 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $823,744,681 |
CEO/Manager: | STEPHANIE SIEVERS |
Chairperson: | Norman Alexander |
ASSETS: | $ Amount |
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Cash & Equivalents | 71,521,542 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 270,248,552 |
Unsecured Loans | 91,329,122 |
Other Loans | 263,127,145 |
TOTAL LOANS | 624,704,819 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,839,862 |
Land And Building | 8,500,001 |
Other Fixed Assets | 4,376,339 |
NCUSIF Deposit | 6,795,757 |
All Other Assets | 823,863 |
TOTAL ASSETS | 823,744,681 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 15,138,037 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 176,253,814 |
Regular shares | 297,170,481 |
All Other Shares & Deposits | 279,346,988 |
TOTAL SHARES & DEPOSITS | 752,771,282 |
TOTAL LIABILITIES | 767,918,298 |
Regular Reserve | 0 |
Other Reserves | -12,204,262 |
Undivided Earnings | 68,030,645 |
TOTAL EQUITY | 55,826,383 |
TOTAL LIABILITIES, SHARES, & EQUITY | 823,744,681 |
INCOME & EXPENSE | |
Loan Income | 30,177,212 |
Investment Income | 3,609,233 |
Other Income | 5,596,473 |
Total Employee Compensation & Benefits | 15,883,484 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,671,081 |
Non-operating Income & (Expense) | 2,098,683 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,730,000 |
Cost of Funds | 6,191,952 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,277,944 |
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