Altura Credit Union (Altura) is the largest credit union headquartered in Riverside County, California. It is federally insured and state-chartered, offering checking and savings accounts, commercial and residential mortgage loans, and wealth management services. It also belongs to the CO-OP Financial Services and CU Service Centers interbank networks.
Altura was originally founded in 1957 as Riverside Schools Credit Union (RCSCU) in order to serve the banking and financial needs of county school district employees.[citation needed] In 1963, the charter was enlarged to include all school employees of Riverside County.[citation needed]
In 1984, RCSCU opened its 10,000th account and began offering VISA cards.[citation needed] RCSCU established its own ATM network in 1992.[citation needed]
In 1998, it merged with Riverside County Federal Credit Union, which served both private and public sector employees in Riverside County, and was re-named Riverside County's Credit Union.[citation needed]
In 2004, it was renamed Altura Credit Union.[citation needed]
In 2015, Altura and Visterra Credit Union announced a merger but retained the Altura name. The merger, which was finalized on August 1, 2015, created a $1.1 billion credit union with 118,000 members.[2] On March 1, 2016, Altura completed the final phase of the merger process.[citation needed]
Altura operates a subsidiary company, Auto Expert.[3] Auto Expert is an auto locating and buying service that assists Altura's members (as well as members of 11 partner credit unions) in finding and purchasing their next pre-owned or new vehicle. In 2007, Auto Expert received the California Award for Performance Excellence (CAPE) Gold Award.[4] This award is the California equivalent of the Malcolm Baldrige National Quality Award.
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