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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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 |
| ↑ Back to Top | |