Sep, 30, 2025 — ALTRA FEDERAL CREDIT UNION is a federal credit union headquartered in ONALASKA, WI with 17 branch locations and about $3.01 billion in total assets. Opened 95 years ago in 1931, ALTRA FEDERAL CREDIT UNION has about 157,770 members and employs 498 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 |
|---|---|
| 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: | 157,770 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24077 |
|---|---|
| Membership Type: | Multiple common bond - Primarily machinery |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,010,625,934 |
| CEO/Manager: | Steve Koenen |
| Chairperson: | Tanner Holst |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 122,189,996 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 8,641,068 |
| Real Estate Loans | 1,772,391,329 |
| Unsecured Loans | 189,999,075 |
| Other Loans | 693,025,213 |
| TOTAL LOANS | 2,655,415,617 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,310,734 |
| Land And Building | 50,608,753 |
| Other Fixed Assets | 7,199,769 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 21,133,310 |
| All Other Assets | 659,932 |
| TOTAL ASSETS | 3,010,625,934 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 42,309 |
| Notes & Interest Payable | 114,500,000 |
| Accounts Payable & Other Liabilities | 30,728,207 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 559,466,412 |
| Regular shares | 380,717,624 |
| All Other Shares & Deposits | 1,569,874,992 |
| TOTAL SHARES & DEPOSITS | 2,510,059,029 |
| TOTAL LIABILITIES | 2,656,955,097 |
| Regular Reserve | 0 |
| Other Reserves | -5,511,954 |
| Undivided Earnings | 359,182,791 |
| TOTAL EQUITY | 353,670,837 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,010,625,934 |
| INCOME & EXPENSE | |
| Loan Income | 120,840,582 |
| Investment Income | 19,512,065 |
| Other Income | 6,888,262 |
| Total Employee Compensation & Benefits | 36,015,413 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 28,137,131 |
| Non-operating Income & (Expense) | 186,439 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 12,775,681 |
| Cost of Funds | 60,042,580 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 33,494,144 |
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