Altura Credit Union Hits New Milestone: $800 Million in Assets

Adds $100 Million in Less Than a Year

RIVERSIDE, Calif., Aug. 24 (allCUnews) -- Altura Credit Union, the largest credit union based in Riverside County, Calif., recently marked a significant milestone; achieving $800 million in assets as of July 31, 2006. This is a $100 million increase in asset size in less than a year. Altura achieved $700 million in assets as of Aug. 31, 2005.

In less than 10 years, Altura has grown from $240 million in assets. Altura was created through the merger of Riverside County Federal Credit Union and Riverside County Schools Credit Union in 1998. The merged credit union changed its name to Altura in 2004 to reflect is expanded field of membership. Since then Altura's growth has not been enhanced through mergers.

"We are fortunate to be located in one of the fastest growing areas of the country, in Southern California's Inland Empire," said Mark Hawkins, Altura president and CEO. "However, this is only part of the story. We believe a major factor in our growth is our unwavering attention to member service and satisfaction, which translates into superior customer service as well as a wide product mix. We are focused on helping our members build wealth, achieve their dreams and protect their assets through our products and services."

Altura will be opening its 12th branch location in September in Murrieta, Calif. Members also have access to a network of ATMs, a member-call center and Web-based services.

Altura Credit Union, is open to anyone who lives, works, attends school or worships in Riverside and San Diego counties, as well as in selected cities in Orange and San Bernardino counties. Today, Altura Credit Union serves more than 106,000 members and has $821 million in total assets. For more information, visit www.Alturacu.com [1] or call 1.888.883.7228.

Source: Altura Credit Union