Dec, 31, 2023 — ALTRA FEDERAL CREDIT UNION is a federal credit union headquartered in ONALASKA, WI with 17 branch locations and about $2.82 billion in total assets. Opened 90 years ago in 1934, ALTRA FEDERAL CREDIT UNION has about 147,035 members and employs 494 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALTRA FEDERAL CREDIT UNION |
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Address: (Main Office) | 1700 Oak Forest Dr ONALASKA, WI 54650 |
Phone: | (608) 787-4500 |
Fax: | (608) 787-7160 |
Website: | https://www.altra.org |
Branches: | 17 branch locations |
Members: | 147,035 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24077 |
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Membership Type: | Multiple common bond - Primarily machinery |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,817,967,433 |
CEO/Manager: | Steve Koenen |
Chairperson: | Terri J Brennan |
ASSETS: | $ Amount |
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Cash & Equivalents | 113,526,195 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,435,441 |
Real Estate Loans | 1,561,850,443 |
Unsecured Loans | 192,019,769 |
Other Loans | 738,073,137 |
TOTAL LOANS | 2,491,943,349 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,071,863 |
Land And Building | 48,667,299 |
Other Fixed Assets | 7,428,362 |
NCUSIF Deposit | 19,943,490 |
All Other Assets | 3,491,524 |
TOTAL ASSETS | 2,817,967,433 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 35,714 |
Notes & Interest Payable | 153,182,857 |
Accounts Payable & Other Liabilities | 27,440,913 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 596,710,997 |
Regular shares | 451,294,175 |
All Other Shares & Deposits | 1,299,187,864 |
TOTAL SHARES & DEPOSITS | 2,347,193,036 |
TOTAL LIABILITIES | 2,528,945,292 |
Regular Reserve | 0 |
Other Reserves | -7,740,269 |
Undivided Earnings | 296,762,410 |
TOTAL EQUITY | 289,022,141 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,817,967,433 |
INCOME & EXPENSE | |
Loan Income | 118,281,496 |
Investment Income | 17,592,705 |
Other Income | 7,974,779 |
Total Employee Compensation & Benefits | 38,241,844 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 32,215,389 |
Non-operating Income & (Expense) | 146,470 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,673,313 |
Cost of Funds | 63,483,562 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 24,464,385 |
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