Dec, 31, 2023 — ALTURA CREDIT UNION is a federally insured state chartered credit union headquartered in RIVERSIDE, CA with 21 branch locations and about $2.59 billion in total assets. Opened 67 years ago in 1957, ALTURA CREDIT UNION has about 189,695 members and employs 476 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALTURA CREDIT UNION |
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Address: (Main Office) | 2847 Campus Pkwy RIVERSIDE, CA 92507-0906 |
Phone: | (877) 258-8721 |
Fax: | |
Website: | https://www.alturacu.com |
Branches: | 21 branch locations |
Members: | 189,695 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62799 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,590,432,255 |
CEO/Manager: | Jennifer Binkley |
Chairperson: | Jerry Rivera |
ASSETS: | $ Amount |
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Cash & Equivalents | 142,329,942 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,073,250 |
Real Estate Loans | 814,256,395 |
Unsecured Loans | 96,455,870 |
Other Loans | 791,642,962 |
TOTAL LOANS | 1,702,355,227 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,201,237 |
Land And Building | 30,417,694 |
Other Fixed Assets | 10,255,822 |
NCUSIF Deposit | 20,339,438 |
All Other Assets | 239,284 |
TOTAL ASSETS | 2,590,432,255 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 300,000,000 |
Accounts Payable & Other Liabilities | 38,510,006 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 604,519,516 |
Regular shares | 586,920,784 |
All Other Shares & Deposits | 904,792,556 |
TOTAL SHARES & DEPOSITS | 2,096,232,856 |
TOTAL LIABILITIES | 2,434,742,862 |
Regular Reserve | 0 |
Other Reserves | -57,593,307 |
Undivided Earnings | 213,282,700 |
TOTAL EQUITY | 155,689,393 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,590,432,255 |
INCOME & EXPENSE | |
Loan Income | 76,465,997 |
Investment Income | 18,479,534 |
Other Income | 18,666,153 |
Total Employee Compensation & Benefits | 45,419,906 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 47,908,565 |
Non-operating Income & (Expense) | 47,049 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,112,240 |
Cost of Funds | 22,649,168 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,858,343 |
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