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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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