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Altura Hosts ‘Bite of Reality,’ Giving Students Real World Financial Insights

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*(Hemet, Calif.) Feb. 15, 2018 *– Ninth-graders from West Valley High School in Hemet recently received a “bite of reality” when they attended an interactive financial education simulation designed to teach them how to manage money on campus, hosted by Riverside-based Altura Credit Union.

The program is offered by the Richard Myles Johnson (RMJ) Foundation, the state foundation for credit unions in California and Nevada, and it aims to teach young people the basics of finance by having them take a “real world” test drive, complete with a job, money, and the freedom to make their own financial decisions.

*PHOTO CAPTION: *
Ninth grade students from West Valley High School in Hemet, from left, Ellexus Griffin, Mya Jones and Yara Trujillo, talk about the importance of looking good with Patrice Rogers from Altura Credit Union who is portraying a “merchant” during Bite of Reality, a financial reality program. Altura hosted Bite of Reality, which is offered by the Richard Myles Johnson Foundation, the state foundation for credit unions in California and Nevada. It is designed to teach the basics of money management.

Altura Reports Net Income of $10.3 Million for 2017

Total Assets up 4.89% over 2016; 2018 Emphasis on Member Retention, Expansion

(Riverside, Calif.) Feb. 12, 2018 – Altura Credit Union today reported Net Income of $10.23 million for the year ended Dec. 31, 2017, an increase of 30.1% over year-end 2016, and the highest in the past three years. Altura also reported Total Assets of $1.279 billion for the year ended Dec. 31, 2017, a 4.89% increase over 2016.

“We are very pleased with Altura’s financial performance in 2017,” said Jennifer Binkley, Altura Credit Union president and CEO. “We experienced year-over-year increases in total assets, net income, total revenue, total net worth, loan production and Member shares, among other measures.”

Altura Now Accepting College Scholarship Applications

Application Deadline is March 12, 2018

(Riverside, Calif.) Feb. 2, 2018 – High school students graduating from Riverside County high schools in 2018 are invited to apply for a college scholarship from Altura Credit Union. The deadline for application is Monday, March 12, 2018.

High school seniors enrolled in public and private high schools in Riverside County are eligible to apply. The final number of scholarships has not been determined for this year, but in the past Altura has awarded 40 scholarships:
• 25 general scholarships
• 5 for students in AVID programs
• 10 for local students who plan to attend University of California, Riverside (UCR)

Students can download the scholarship application from Altura’s website, https://www.alturacu.com/community/altura-in-the-community/scholarships or from The Community Foundation at https://www.thecommunityfoundation.net/grants/scholarships/scholarship-schedule. Area high school guidance counselors often have the applications as well.

Routing Number Scam, Beware

Recently, there has been a string of scams that promote the use of federal reserve bank or credit union routing numbers to pay “your” bills online. Learn more about this scam and how to protect yourself here.

Giant Equifax Data Breach: 143 Million People Could Be Affected

Credit reporting agency, Equifax has experienced a data breach that can compromise the personal information of as many as 143 million U.S. citizens. Access the link in this article to learn more. Links from CNN Money.

What happened?
http://money.cnn.com/2017/09/07/technology/business/equifax-data-breach/index.html?iid=EL

How to find out if you’re affected by the hack:
http://money.cnn.com/2017/09/07/pf/victim-equifax-hack-how-to-find-out/index.html?iid=EL