(Riverside, Calif.) Nov. 21, 2016 – Altura Credit Union today reported year-to-date Net Income of $7.403 million on Total Assets of $1.22 billion for the quarter ended Sept. 30, 2016. This is an increase of $1.380 million compared to the same period in 2015, and represents a 23% increase in net income on a year-over-year basis. Additionally, the credit union’s total Net Worth was also higher, increasing 6.1% to $130.5 million.
“The third quarter was another strong quarter for Altura,” reported CEO Mark Hawkins. “Member loan demand remained strong during the Quarter and revenue from operations continues to show improvement. We’re very pleased with our performance.”
Altura also continues to experience increased market interest in joining the credit union, as it has throughout 2016. “New Member growth has settled in at about 1,200 new Members per month,” Hawkins continued. “This represents the strongest, sustained rate of growth we’ve seen in years.”