Overview
What is Altura Credit Union Fka Riverside County's Credit Union?
Altura Credit Union, formerly known as Riverside County's Credit Union, is a cooperative financial institution based in Riverside, California, with an address at 2847 Campus Parkway, ZIP code 92507. Established with the purpose of promoting thrift and savings among its members, Altura Credit Union offers traditional banking services, including checking accounts, savings accounts, and investment services, such as retirement accounts, stocks, bonds, and mutual funds, for both personal and business needs. The credit union also provides mobile banking through a phone application that allows 24/7 account access, loan and credit card payments, and branch and ATM location services. Altura Credit Union is democratic in nature, with earnings, savings, benefits, or services being distributed to its members as patrons, creating opportunities for them to control and improve their economic and social conditions. With a team of 505 dedicated employees, the credit union upholds its mission to provide a source of credit at rates determined by its board of directors and operate for the mutual benefit and general welfare of its members.
Official website here: www.alturacu.com
Is Altura Credit Union Fka Riverside County's Credit Union legitimate?
Altura Credit Union Fka Riverside County's Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Altura Credit Union Fka Riverside County's Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,744,454
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,217,306
For more financial information, click here
Official website here: www.alturacu.com
What is the mission statement of Altura Credit Union Fka Riverside County's Credit Union?
Altura Credit Union, formerly known as Riverside County's Credit Union, operates as a cooperative with the primary goal of encouraging savings and thrift amongst its members. The organization provides an avenue for its members to access credit at interest rates determined by the board of directors. Members have the opportunity to manage their own money democratically, improving their economic and social conditions. Altura Credit Union conducts its business with the mutual benefit and general welfare of its members in mind, distributing earnings, savings, benefits, or services to its members as patronage.
Official website here: www.alturacu.com
Who is the CEO of Altura Credit Union Fka Riverside County's Credit Union?
Jennifer Binkley is the Ceo of Altura Credit Union Fka Riverside County's Credit Union. The CEO's salary of Altura Credit Union Fka Riverside County's Credit Union is $916,623 and their total compensation is $943,144.
Official website here: www.alturacu.com
What is the revenue of Altura Credit Union Fka Riverside County's Credit Union?
Altura Credit Union Fka Riverside County's Credit Union's revenue in 2022 was $117,960,253.
Official website here: www.alturacu.com
Who are the executives of Altura Credit Union Fka Riverside County's Credit Union and what are their salaries?
The average compensation at Altura Credit Union Fka Riverside County's Credit Union during 2022 was $69,231. There are 505 employees and 14 volunteers at Altura Credit Union Fka Riverside County's Credit Union.
Here are 25 key members and their salaries (Altura Credit Union Fka Riverside County's Credit Union's CEO's salary is $916,623 and their total compensation is $943,144):
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- Compensation: $916,623
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- Other: $26,521
- Compensation: $505,776
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- Other: $20,161
- Compensation: $393,096
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- Other: $20,785
- Compensation: $381,449
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- Other: $34,390
- Compensation: $377,307
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- Other: $34,489
- Compensation: $355,711
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- Other: $17,788
- Compensation: $308,083
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- Other: $9,086
- Compensation: $215,055
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- Other: $29,671
- Compensation: $416,283
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- Other: $32,352
- Compensation: $221,862
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- Other: $32,353
- Compensation: $221,434
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- Other: $30,682
- Compensation: $216,866
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- Other: $22,007
- Compensation: $214,909
- Related: $0
- Other: $30,241
Official website here: www.alturacu.com
Where can I find the form 990 for Altura Credit Union Fka Riverside County's Credit Union?
Altura Credit Union Fka Riverside County's Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alturacu.com
Learn more at the official website: www.alturacu.com
Mission Statement of Altura Credit Union Fka Riverside County's Credit Union
Altura Credit Union, a cooperative organized for the purpose of promoting thrift and savings among its members, strives to create a reliable source of credit for them at rates determined by its board of directors. By doing so, the credit union offers its members an opportunity to control their own money in a democratic fashion, ultimately aiming to improve their economic and social conditions. As a cooperative, Altura Credit Union operates with the mutual benefit and general welfare of its members in mind. The earnings, savings, benefits, and services of the credit union are distributed back to its members as patronage. In simple terms, Altura Credit Union acts as a financial cooperative, where members come together to save and borrow money at favorable rates, collectively contributing to their financial well-being.
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Impact
October, 2024
Altura Credit Union, formerly known as Riverside County's Credit Union, serves as a vital financial institution in Riverside, California, dedicated to enhancing the economic and social welfare of its members. By promoting thrift and savings, Altura fosters a sense of financial responsibility within the community, encouraging members to build their wealth and secure their financial futures.
The credit union provides a comprehensive range of banking services, including checking and savings accounts, investment options such as retirement accounts, stocks, bonds, and mutual funds for both personal and business purposes. This accessibility to various financial products empowers members to make informed financial decisions and manage their resources effectively.
With the integration of mobile banking, Altura ensures that members have 24/7 access to their accounts, enabling them to check balances, transfer funds, and manage loans conveniently from their smartphones. This modern banking solution accommodates the busy lifestyles of today’s members, making financial management simpler and more efficient.
Altura operates on a cooperative model that emphasizes democratic control and membership benefits. By returning earnings to members in the form of better rates and services, the credit union reinforces its commitment to the community, allowing individuals and families to improve their economic conditions and realize their financial goals. Through these efforts, Altura Credit Union plays a crucial role in fostering financial literacy, stability, and growth within its community.
This information is meant to be a general summary of Altura Credit Union Fka Riverside County's Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,018,211
- Program Service Revenue: $103,399,409
- Gross Receipts: $118,089,925
Assets and Liabilities:
- Total Assets: $2,461,240,542
- Total Liabilities: $2,334,169,582
- Net Assets: $127,070,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$60,975,262
OTHER OPERATING INCOME
Revenue
$25,798,578
FEE INCOME
Revenue
$16,625,569
Organization Details
Founding Year
1957
Phone
(951) 571-5395Principal Officer
Jennifer Binkley
Main Address
2847 CAMPUS PARKWAY, RIVERSIDE, CA, 92507
Website
www.alturacu.comNTEE Category
Code: W60 - Public benefit
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