Altaone Federal Credit Union:

Altaone Federal Credit Union was chartered in 1947 and its charter number is 5612. Altaone Federal Credit Union's address registered with the NCUA is PO BOX 1209 RIDGECREST, CA 93556. As of 07/24/06, Altaone Federal Credit Union reported $459,865,569 in assets. The credit union currently has 41,002 members. It's Manager/CEO is Robert M. Boland. The credit unions website is www.altaone.net

Altaone Federal Credit Unionis a member of the California Credit Union League.

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Altaone Federal CU News:

Outlook Conference coming Feb. 15
Ridgecrest Daily Independent, CA - Jan 17, 2007
Other sponsors this year are The Swap Sheet, DCS Corporation, Zip Self Storage and AltaOne Federal Credit Union, Mojave Desert Bank and Desert Valleys ... read more

AltaOne Credit Union Financial Evaluation

As of December 31, 2006
Total Assets: $471,260,298
Total Loans: $363,208,530
Net Worth Ratio: 10.64
% Share Growth: 2.57
% Loan Growth: 18.8
Loans/Assets Ratio: 77.07
Investment/Assets Ratio: 17.38
Number of Members: 42,348
Number of Full-time Employees: 180

 In the year of 2006, AltaOne Credit Union assets increased by 0.03% and its membership increased by 0.06%. AltaOne CU's membership increased by a total of 2,348 members. Assets increased by the amount of $15,733,314. The total loan amounts went from $305,720,177 in 2005 to $363,208,530 in 2006. Their net worth ratio increased to 10.64. AltaOne CU increased their job opportunities to 180 by adding 23 employees.

As of December 31, 2005
Total Assets: $455,526,984
Total Loans: $305,720,177
Net Worth Ratio: 10.19
% Share Growth: 3
% Loan Growth: 16.33
Loans/Assets Ratio: 67.11
Investment/Assets Ratio: 27.02
Number of Members: 40,000
Number of Full-time Employees: 157

 In the year of 2005, AltaOne Credit Union assets increased by 0.04% and its membership increased by 0.03%. AltaOne CU's membership increased by a total of 1,183 members. Assets increased by the amount of $16,524,271. The total loan amounts went from $262,795,181 in 2004 to $305,720,177 in 2005. Their net worth ratio increased slightly to 10.19. AltaOne CU increased their job opportunities to 157 by adding 1 employee.

As of December 31, 2004
Total Assets: $439,002,713
Total Loans: $262,795,181
Net Worth Ratio: 9.52
% Share Growth: 8.06
% Loan Growth: 9.59
Loans/Assets Ratio: 59.86
Investment/Assets Ratio: 34.58
Number of Members: 38,817
Number of Full-time Employees: 156

  
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Full Story: http://heralddemocrat.com/articles/2008/02/09/local_news/doc47ab17862a461164267013.txt

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