In observance of Independence Day, Altura’s branches and offices will be closed on Thursday, July 4th.
Online Banking, the mobile app, and our ATMs will be available for your convenience. Thank you.

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Forget generic plastic, go wild! Nicknames, teams, or just a sprinkle of you – personalize your Altura cards with a second line and make them truly yours.
Second Line on Debit and Credit Cards - Altura Credit Union

Six decades of unwavering service, six decades of dreams realized. Altura’s legacy is etched throughout Riverside County.

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Building stronger futures, brick by brick and lesson by lesson, Altura fuels community through volunteerism.

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Boost your savings, boost your luck! Altura rewards $1,500 to two lucky savers every quarter – could you be next?

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Credit Unions are financial cooperatives because they are owned by their members. Each member has an ownership share in the credit union.

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Lorenzo Perez - Member Since 2000
helpful tips

What is the APR on a Credit Card?

APR is an acronym often seen on loan products and credit card products, but what does it stand for and what does it mean?

APR stands for annual percentage rate and essentially this is the interest that the Member will be paying for on any outstanding balances within a specified billing cycle. While APR is communicated as a “annual rate,” most credit cards are charged in a 30-day billing cycle.

How a Credit Card APR Works and How It is Calculated

Let’s use an example of a credit card with 10% APR and let’s say you have a balance of $200 for the month, which is often the billing cycle of most cards. If you want to see how much APR is applied to the card on a daily basis, the daily periodic rate, then all you have to do is:

  1. Divide your APR (10%) by 365 (the number of days in a year). For this example, the answer is 0.0273% or 0.00027.
  2. Next, multiply that by your outstanding balance, which is the balance you would owe on the card. So, $200 times 0.00027 is 0.054. This means that 5 cents a day of interest is added to your balance in the pay period.

Do I always have to pay interest?

If a Member pays the outstanding balance of their card then they can avoid paying the interest owed.

What is a good APR for a credit card?

While most cards out in the market might charge somewhere around 16% APR, at Altura Credit Union, our rates are quite lower.

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