Jun, 30, 2024 — ALTURA CREDIT UNION is a federally insured state chartered credit union headquartered in RIVERSIDE, CA with 21 branch locations and about $2.40 billion in total assets. Opened 67 years ago in 1957, ALTURA CREDIT UNION has about 172,846 members and employs 457 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 |
|---|---|
| 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: | 172,846 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62799 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,399,557,587 |
| CEO/Manager: | Jennifer Binkley |
| Chairperson: | Jerry Rivera |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 90,817,397 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 620,000 |
| Real Estate Loans | 656,661,111 |
| Unsecured Loans | 70,626,097 |
| Other Loans | 719,779,350 |
| TOTAL LOANS | 1,447,066,558 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,473,203 |
| Land And Building | 32,895,343 |
| Other Fixed Assets | 9,025,973 |
| NCUSIF Deposit | 19,826,232 |
| All Other Assets | 152,598 |
| TOTAL ASSETS | 2,399,557,587 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 40,000,000 |
| Accounts Payable & Other Liabilities | 38,367,637 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 625,767,849 |
| Regular shares | 664,384,112 |
| All Other Shares & Deposits | 914,531,392 |
| TOTAL SHARES & DEPOSITS | 2,204,683,353 |
| TOTAL LIABILITIES | 2,283,050,990 |
| Regular Reserve | 0 |
| Other Reserves | -82,034,397 |
| Undivided Earnings | 198,540,994 |
| TOTAL EQUITY | 116,506,597 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,399,557,587 |
| INCOME & EXPENSE | |
| Loan Income | 43,296,065 |
| Investment Income | 9,990,912 |
| Other Income | 12,569,174 |
| Total Employee Compensation & Benefits | 31,257,455 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 30,998,431 |
| Non-operating Income & (Expense) | 41,076 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,656,514 |
| Cost of Funds | 5,413,720 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 14,349,095 |
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