Altra Federal Credit Union

Altra Federal Credit Union - Where you belong

While many of our members refer to us as “their bank,” we’re not a bank. We offer the same products and services as a bank, but our structure is different. Altra is a not-for-profit financial cooperative and each member owns one ‘share’ of the Credit Union; no member has more influence than another. During the Great Depression, Credit Unions introduced themselves to America using the slogan “Not for profit, not for charity, but for service.” That principle still applies today because we exist to serve you. Management decisions are based on what’s best for our membership – not what will generate the most profit. You, as a member-owner, reap the benefits of membership and strengthen the Credit Union through your participation. Member participation helps determine the products, services, rates, and fees we offer. As an owner, it’s in your best interest to use as many of your Credit Union’s services as possible.

Altra is in business to benefit our Members’ by providing competitive products and services while still keeping our rates and fees low. Altra is dedicated to financial literacy education for members to help them make better decisions. The primary concern is always for the Members’ financial success. It’s important to understand Altra’s cooperative structure, principles, and purpose because those are key reasons why we are safe, sound, and solvent today.

Altra’s Mission Statement

“To create member loyalty by providing products, services and guidance that enable our members, staff and communities to prosper.”

Altra’s Vision Statement

“Helping You Live Your Best Life.”

Our Guiding Principles

Like all credit unions, we follow eight basic guiding principles:

1. Voluntary Membership
2. Democratic Member Control
3. Member Participation
4. Autonomy & Independence
5. Education, Training, and Information
6. Cooperation among Cooperatives
7. Concern for Community
8. Diversity, Equity and Inclusion

While many of our members refer to us as “their bank,” we’re not a bank. We offer the same products and services as a bank, but our structure is different. Altra is a not-for-profit financial cooperative and each member owns one ‘share’ of the Credit Union; no member has more influence than another. During the Great Depression, Credit Unions introduced themselves to America using the slogan “Not for profit, not for charity, but for service.” That principle still applies today because we exist to serve you. Management decisions are based on what’s best for our membership – not what will generate the most profit. You, as a member-owner, reap the benefits of membership and strengthen the Credit Union through your participation. Member participation helps determine the products, services, rates and fees we offer. As an owner, it’s in your best interest to use as many of your Credit Union’s services as possible.

Life at Altra

Everything we do at Altra Federal Credit Union is centered on our Members. While many of our members refer to us as “their bank”, we’re not a bank! We offer the same products and services as a bank, but our structure is different. Management decisions are based on what’s best for our membership-not what will generate the most profit.

From the members to our employees, we are “Helping You Live Your Best Life!”