Jun, 30, 2024 — ALTAONE FEDERAL CREDIT UNION is a federal credit union headquartered in RIDGECREST, CA with 13 branch locations and about $793.54 million in total assets. Opened 77 years ago in 1947, ALTAONE FEDERAL CREDIT UNION has about 54,302 members and employs 191 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 |
|---|---|
| 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: | 54,302 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5612 |
|---|---|
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $793,540,945 |
| CEO/Manager: | STEPHANIE SIEVERS |
| Chairperson: | Norman Alexander |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 60,297,194 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 268,537,027 |
| Unsecured Loans | 91,414,997 |
| Other Loans | 231,335,690 |
| TOTAL LOANS | 591,287,714 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,544,485 |
| Land And Building | 8,924,378 |
| Other Fixed Assets | 4,805,258 |
| NCUSIF Deposit | 6,217,940 |
| All Other Assets | 494,805 |
| TOTAL ASSETS | 793,540,945 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 14,912,660 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 186,386,889 |
| Regular shares | 348,572,605 |
| All Other Shares & Deposits | 191,554,177 |
| TOTAL SHARES & DEPOSITS | 726,513,671 |
| TOTAL LIABILITIES | 741,426,331 |
| Regular Reserve | 0 |
| Other Reserves | -16,480,565 |
| Undivided Earnings | 68,595,179 |
| TOTAL EQUITY | 52,114,614 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 793,540,945 |
| INCOME & EXPENSE | |
| Loan Income | 15,790,597 |
| Investment Income | 1,726,078 |
| Other Income | 4,071,948 |
| Total Employee Compensation & Benefits | 10,549,976 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,369,574 |
| Non-operating Income & (Expense) | 2,939,756 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 959,000 |
| Cost of Funds | 700,431 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,743,220 |
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