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Helping you live your BEST life!


Helping you live your BEST life!

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


Rochester 19th St. 3833 Cascade Creek Rd. NW Rochester, MN 55901





Table of

CONTENTS Historical Membership Growth....................4 Minutes of the 87th Annual Meeting...........5 Message from the CEO..................................7 Supervisory Committee Annual Report....8 Altra Milestones................................................9 Community Engagement............................ 11 2019 Board Nominees................................ 17 Board Members............................................. 19 2018 Financial Summary............................ 21 Altra Locations............................................... 22



1. Roll Call

6. Supervisory Committee Report

2. Introduction

7. Elections

3. Minutes of the 2018 Annual Meeting

8. Old Business

4. Chairman’s Report

9. New Business

5. Management Report

10. Adjournment














Historical Membership





40 20 0





2011 2012



2015 2016

2017 2018


Minutes of the 86th ANNUAL MEETING • The Meeting was called to order at 6:00pm by Board Chair Terri Brennan. • Chair Brennan asked for a count of members present. Hearing that a quorum was in attendance, she declared it a legal meeting. • Chair Brennan introduced Attorney John Stuber and appointed him Parliamentarian. • Chair Brennan introduced the Board of Directors. Those present were: Terri Brennan, Amy Hansen, Don Lee, Mike Goryl and Jill Bernstein. Frank Gillette, John Nemec, Mark Ward and Wes Panzer were excused. Also introduced was Jack Peplinski, President and CEO.

• The report from Management was presented by CEO Jack Peplinski. Jack’s report commented on the goals and action plans for 2018. Altra strives to provide the highest level of member service. To that end, Altra will continue to invest in infrastructure, technology, and training to ensure that Altra Members receive the best service possible. To support member growth, an existing bank office building was purchased in Tyler, TX and the new Rochester, MN office is expected to be completed by the 3rd quarter of 2018. Total Assets are expected to grow to $1.5 billion by yearend. He also recognized the employee award recipients from last year. The Management report was accepted as presented.

• As the minutes of the 86th Annual Meeting were printed and included in the meeting agenda, Chair Brennan asked if there are any corrections, additions, or deletions. Upon hearing none, the minutes stood approved as printed.

• The report of the Supervisory Committee was presented by Don Lee and accepted.

• The Chair’s report was delivered by Chair Brennan. The Chair’s report commented on Altra’s favorable 2017 operating results. Total Assets grew by 10.5% or $132 million, which is the highest dollar growth in a single year in Altra’s history. Total Loans and Savings grew by 10.6% and 9.2% respectively. Altra’s loan-to-share ratio is 108.5% which means that all of our member’s deposits are being invested in loans to other members. Capital continues to be “well capitalized” by regulatory standards at 11.1%. Total new Members added in 2017 was 12,339, a new record. The report was accepted as presented.

• Hearing that there were no nominations from the floor, it was moved and seconded that nominations be closed and the secretary be instructed to cast a unanimous ballot for Amy Hansen, Jill Bernstein and Wes Panzer for 3-year terms.

• The report of the Nominating Committee was presented by Mike Goryl. The nominating and voting procedures were then explained by Mike Goryl.

• Old Business: NONE • New Business: NONE • It was moved and seconded that the Meeting be adjourned at 6:33pm. Motion carried. • Door Prizes were given out and light refreshments were served following the meeting.

Donald M. Lee | Secretary

Altra Gives Back Day


Tyler West 2815 W SW Loop 323 Tyler, TX 75701






Message from the Chief Executive Officer “Our employees are our biggest asset as an organization. As we continue to grow, we want to ensure that Altra maintains an environment of corporate giving.” Altra exceeded over $1.5 billion in assets in 2018 and added a record number of new members, 12,960! Our total membership is now over 103,000, a key milestone. We could not have achieved this growth without you and our dedicated employees. 2018 was a year of new records and milestones for Altra Federal Credit Union in many areas. We earned the Gold WELCOA Well Workplace Award for our wellness program offered to employees and spouses. We closed a record 569 loans for $96.3 million to first time home buyers. We achieved net growth of 6,400 new checking accounts and our loan growth passed $1.34 billion resulting in a 9.4% growth rate. Our capital position was 11.3%, which is considered “well capitalized” by the National Credit Union Administration (NCUA). A strong capital position allows Altra to expand its products and services while maintaining a strong professional workforce. I am pleased to report Altra remains safe, sound, and financially strong. Altra’s brand continues to grow. We have the number one mortgage loan market share in La Crosse County and the number one auto loan market share in La Crosse County and Winona, MN. We were also voted the Best Financial Institution in La Crosse County and recognized as one of the top 5 financial institutions in Tyler, TX for mortgage, real estate loans, and personal loans. We continue to invest in the communities we serve. On October 8, 2018, we held an inaugural Altra Gives Back Day where 366 employees volunteered at more than 30 organizations. Employees taught financial literacy, worked in community gardens, assisted in local food shelters, aided agencies that help at-risk children, supported animal shelters, socialized with area seniors, built homes and more. We truly made a wonderful impact in our communities.


Recently, our new Rochester, MN and Tyler, TX offices celebrated their grand openings; offering the latest technology and expanded services. We look forward to serving more families in these areas this year. This will be my last message as CEO as I will be retiring in April. When I started at Altra in 1990, we had 26,000 members, $100 Million in assets, and 77 employees. The journey to where we are today has been rewarding. I’ve had the pleasure of working with an exceptional team, who share my passion for serving our members. Steve Koenen will become Altra’s new President and CEO. Steve understands Altra’s culture, members, and staff thereby making him ideally qualified to successfully lead Altra into the future. In closing, I would like to extend my appreciation to you, our member/owners, for allowing Altra to help you live your best life. We are grateful for your business and know that it is because of you we continue to grow! Best regards,

Jack Peplinski | Chief Executive Officer

Supervisory Committee ANNUAL REPORT The Supervisory Committee is responsible for maintaining oversight of the Credit Union’s management and financial records to ensure that the Credit Union’s financial condition is fairly presented. To meet this responsibility, the Supervisory Committee ensures that a regular independent financial audit of the institution’s financial statements is performed. The certified public accounting firm of CliftonLarsonAllen LLP performed the audit for 2018. They have performed our audit for the past several years, and for 2018 we received an unmodified opinion, similar to previous years. The Supervisory Committee also oversees the internal audit function. The internal audit function is an independent appraisal activity established by the Board of Directors to conduct reviews of operations and procedures and to report findings and recommendations to management and to the Board of Directors via the Supervisory Committee.

Frank Gillette | Chair Supervisory Committee



• Implementation of Day One Certainty-Using Data and technology to streamline the Mortgage Process and reduce processing time

• New Members: 12,960*

• Addition of Servion which improves our product and regional offerings

• New Youth Accounts Opened: 2,475 (accounted for 19% of the above total)

• Enhanced the VISA Signature program by upgrading to Variable Air for travel redemptions

• New Checking Accounts: 11,821* • Loan Growth: 9.37% • Share Growth: 9.99% - ending @ $1.235B • Asset Growth: 9.25% - passed the $1.5B milestone ending 2018 @ $1.52B

• Establishment of the Data Warehouse that becomes the foundation for Altra’s Data Analytics Strategy

• Exceeded 100,000 member milestone in May, ending year with 103,441 members

• Successfully introduced new Deposit products

• Employee fraud finders prevented potential fraud in 88 cases totaling $306,424

- Best Life Money Market - $76 million in balances

• Debit Card volume was over 18 million transactions totaling over $633M*

- Indexed Money Market - $59 million, $18 million in balances

• Consumer Loan Volume: $378.3M increase by 9.8%*

- Thrive Certificates - 10 month $70 million and $33 million net growth in certificates

• New/Used Vehicle Volume: $229.9M increase by 4.2%*

• Home Equity Volume: $95.0M increase by 19.5%*

• Opened new retail offices at Tyler West and Rochester 19th. These offices are the flagship offices in their respective markets for Altra. Both offices feature a community room and both will house additional support functions; Tyler Call Center and Rochester backup data center. Because of that these offices are Altra’s second and third largest offices respectively

• Mortgage Purchase Loan Volume: $246.5M increase by 17%* • 1st Time Home Buyer Mortgages: 569 Loans for $96.3M* • New Credit Cards: 4,681* • Credit Card total Sales Volume $144.5M increase by 9.8%* • Credit Card total Transaction 2,115,100 increase by 9.0%* • Altra Financial Advisors serve 1,953 members* w/ assets under management of $145M (increase of 6% YOY) • Online new membership account opening increased by 35.8% to 883 accounts * New Record

NEW PRODUCTS/SERVICES/ENHANCEMENTS • Implemented market based pricing and fees for Real Estate loans • Introduced Real Estate Specific loans for physicians and investment properties


• Implemented “Rev Up Program” which allows us to make auto loans to members that would have been denied

- Savers Sweepstakes - 208 accounts opened with balances of almost $71K

• Completed the remodel of the Onalaska School District Building which became the new home for Credit Services • Operations Center – Developed and presented to the Board expansion options based on Altra’s 10-year projected growth • Completed smaller lobby remodels in Holmen and Trenton which helped with traffic flow and better work spaces • Implemented Palm Vein Authentication in all offices. At last count over 3,500 members are enrolled • Launched new altra.org site

CUNA Marketing Council Diamond Award for Member Birthday Video



Desjardins Award (State) 1st Place for Adult Financial Literacy Efforts

Received the WELCOA Well Workplace Award for Altra’s wellness program

Desjardins Award (State) 2nd Place for Youth Financial Literacy Efforts










Altra Employees Make a Difference Altra strives to make an impact in the communities we serve by focusing on three key areas: financial literacy, community development and cultural enrichment. To achieve this commitment, Altra supports and encourages employee volunteerism. In 2018, employees volunteered over 4,100 hours in the community. Altra instituted a Volunteer Time Off (VTO) policy in 2018, which gives full-time employees eight hours per year of paid time to volunteer in the community. Employees are encouraged to find a cause they are passionate about and volunteer during their normal work hours. In October, we held our first Altra Gives Back Day. For one day, 366 employees volunteered over 1,300 hours at 34 different organizations.

Annual Giving Campaigns As part of Credit Unions for Kids, Altra fundraises for Children’s Miracle Network Hospitals each year as part

of our CMN Month Campaign in February. Last year, employees contributed ninety percent of the nearly $7,500 raised. In addition to CMN Month, Altra employees are involved in the Miracle Open Golf Classic held the first Tuesday of August for the past thirty-three years. Each year they help plan the tournament with other Credit Union employees from the Seven Rivers Chapter, as well as representing Altra by volunteering or golfing at the event. Throughout the summer, Altra employees helped set the pace for the Great Rivers United Way as part of the Pacesetter Campaign. In addition to participating in A Day of Caring, employees participated in a variety of events during the month-long fundraiser. In 2018, we hosted Altra’s first tasting event that included food and beverages from local restaurants, breweries and wineries. Employees also gathered over lunch to assemble personal hygiene kits that were distributed to local organizations in need. In the spirit of the Christmas holiday season, employees stepped up to adopt local individuals and families in need. Altra realizes that by providing clothing, every day necessities and simple gifts to those who are experiencing adverse circumstances can make a positive impact on one’s life that can be paid forward

in the future. Employees could participate on any level they chose including a monetary donation, shopping, wrapping or delivering gifts. Furthermore, employees may choose to participate in Friday Jeans Days each week. In 2018, employees contributed over $13,000 in Jeans Day funds which, combined with Altra sponsorships and gift-in-kind donations, were distributed to over 300 organizations in Altra’s local and national markets.

Financial Education Altra’s commitment to Financial Education is paramount. From our youngest members to those who are young at heart, we provide opportunities to increase financial knowledge. In 2018, employees gave over 200 classroom presentations. Furthermore, Altra hosted over a dozen adult seminars ranging from home buying to retirement income planning. Lastly, the Altra Foundation provided $7000 in scholarships to our youth members.

COMMUNITY HERO Kathy Landsinger| Manager, Deposit Operations

In 2018, Altra created the Community Hero Award as a way to acknowledge employee efforts. The award will be given out annually and will recognize an individual whose volunteer service to others embraces Altra’s sense of helping community members live their best lives. This award honors an employee who possesses a selfless dedication to the betterment of others and the betterment of the communities Altra serves. This year’s recipient was Kathy Landsinger who volunteered over 135 hours in 2018.


The Foundation’s definition of financial literacy is having the knowledge and skills to develop financial goals, budget, manage debt, save, invest, and maintain good credit. Financial literacy is more important than ever. The majority of American households do not have adequate savings to cope with a minor emergency. Consumers are asked to make decisions about how much to save for retirement and how to invest, and the result is the majority of Americans do not have adequate retirement savings. Total student loan debt reached $1.36 trillion in 2017, up from $530 billion a decade earlier, and it is the largest share of non-housing debt. At the same time, an overwhelming majority of 13-21 year olds say their parents have not actively taught them how to manage money and fewer than 25% of students have taken a personal financial literacy class in school.

To create a brighter future, the Altra Foundation provides financial literacy materials for classrooms in our communities through the Banzai Financial Literacy program; in 2017 more than 2,000 students completed the program. The Foundation provides grants for teacher education and other educational initiatives through school districts and Junior Achievement, and works with school districts to implement financial literacy as a graduation requirement. The Foundation also provides scholarships to Altra youth members; to date, it has awarded 148 scholarships for a total of $74,000. To learn more or to donate, visit www.altra.org/about-us/altra-foundation.

The Altra Foundation, Inc. is dedicated to providing financial literacy education opportunities for youth and adults in the communities we serve. 12


Clarksville, TN


All Star Playmaker Middle Level Basketball Tournament Austin Peay State University Athletics Clarksville Area Organization of REALTORS Clarksville Association for Downs Syndrome Clarksville Chamber of Commerce Clarksville Downtown Market Clarksville Young Professionals Network Customs House Eagles Baseball Fright on Franklin Fuel for Kids – Childhood Hunger Kiwanis Club Mickey Fisher Memorial Golf Tournament Movies in the Park Oakdale Elementary Paradise Ranch Partners In Education Roxy Regional Theater Tickle Me Pink Trane Alzheimer’s Golf Outing

Holmen, WI

Ballin for Brandon Evergreen Elementary Holmen American Legion Post 284 Holmen Athletic Booster Club Holmen Area Foundation Holmen Community Center Holmen High School Athletic Program Holmen High School Dance Team Holmen High School Dancing with the Sports Stars Holmen High School DECA Holmen High School Pork Feed for Education Holmen High School Robotics Team Holmen High School Show Choir Holmen’s Hope Holmen’s Lions Club Holmen National Night Out Holmen Park and Rec Knights of Columbus Vietnam Veteran’s Memorial, Inc. Volunteer Fire Department

La Crescent, MN

International Owl Center La Crescent - Hokah Yearbook La Crescent Animal Rescue La Crescent Apple Fest La Crescent Basketball Bash La Crescent Chamber of Commerce La Crescent Community Center La Crescent Lions Club La Crescent National Night Out La Crescent Rotary Club La Crescent-Hokah Community Education Lancer Wrestling Mat Club Living for Liz St. Pat’s Brownsville St. Peter’s School Hokah

La Crosse, WI

Aging & Disability Resource Center ALS Foundation – WI Chapter Alzheimer’s Association American Heart Association Aptiv Aquinas High School Booster Club Aquinas Scholarship Golf Scramble Art Dash Art Fair on the Green ASHRAE Avalanche Hockey Bangor Athletics Bangor High School Big Bikes for Little Tikes Big Blue Dragon Boat Festival Big Brothers Big Sisters of the 7 Rivers Region Boys & Girls Clubs of Greater La Crosse Brice Prairie Ball Club Cameron Park Farmers Market Capable Canines Central High School Booster Club Central High School DECA Children’s Miracle Network Hospitals Children’s Museum Citizens Advocacy of La Crosse Coulee Recovery Center Coulee Region Chill Coulee Region Humane Society

Coulee Region Sports Network Hockey Coulee Wheels Program Crime Stoppers Downs Syndrome Association Downtown Mainstreet Drive For Hope Family Fun Fest Fight the Flood Finance & Investment Bowl Franciscan Spirituality Center Freedom Honor Flight Gateway Area Council Boy Scouts of America Glow In The Deke Grandad Half Marathon Great Rivers United Way Habitat for Humanity Hintgen Elementary PTO Hmong Lao Vietnam Memorial Hmong New Year Horse Sense For Special Riders Hunger Task Force Irish Fest JDRF Winter Gala Jim’s Grocery Bag Fund Joe was Just Joe Foundation Knights of Columbus District 25 La Crosse Area Autism Foundation La Crosse Area Builders Association La Crosse Area Chamber of Commerce La Crosse Area Realtor Association La Crosse Citizen Advocacy La Crosse Community Thanksgiving Dinner La Crosse Community Theater La Crosse County 4-H Drill Team La Crosse County Library Summer Reading Program La Crosse Curling Club La Crosse Family & Children’s Center La Crosse Figure Skating La Crosse Loggers La Crosse National Night Out La Crosse Open Bowling La Crosse Salvation Army La Crosse School District La Crosse Thanksgiving Dinner La Crosse Wellness Center

La Crosse YMCA La Crosse YWCA Local Lupus Alliance Logan Rangers Baseball/Softball Booster Club Marine Credit Union Foundation Memorial Day Association Mississippi Valley Conservancy Misty’s Dance University Money Smart Week Multiple Sclerosis Foundation – WI Chapter National Fire Safety Council New Horizons North American Squirrel Association Oktoberfest Operation Home Front Pump House Riverfest Rotary Lights Rotary Works Foundation RSVP School District of La Crosse Shelby Youth Baseball Southern Bluffs Elementary Steppin Out In Pink The Outdoor Recreation Alliance of the 7 Rivers Region Thunder Ride for Juvenile Diabetes Trane All Abilities Park Trempealeau PTO United Funds for the Arts UW-La Crosse Alumni Association Viterbo Hometown Softball Viterbo University Athletics Viterbo University Theatre Viterbo Welcome Back Bash WAFER Warming Center of La Crosse WisCorps Women’s Fund La Crosse


1st Lutheran Preschool Brice Prairie Conservation Association Celebrate Onalaska Character Lives Servant Leadership Program Clearwater Farm


American Cancer Society Colon Cancer Coalition Gift of Life Transplant House Good Life Expo Hawthorne Helps Hiawatha Homes Mayo Clinic Children’s Center Med City Marathon - Altra 5K Minnesota Credit Union Foundation Paws & Claws Animal Shelter RAEDI RDFM Summer Market Rochester Area Builders Rochester Benevolent Police Assoc. Rochester Chamber of Commerce Rochester Honkers Rochester John Marshall Spring Sports Rochester Lincoln School Rochester Mayo Spartans Rochester Repertory Theater Rochester Salvation Army Ronald McDonald House Season’s Hospice SEMAR Realtor Rally

Stewartville Welcome Home Project Teen Challenge American Heart Association


American Cancer Society American Heart Association ASHRAE Azleway Boys Ranch Bullard Area Chamber of Commerce Chapel Hill High School Football Children’s Advocacy Center of Smith County Children’s Miracle Network Telethon City of Bullard Christmas Kickoff Cowan Center Defeat Autism Through ABA East Texas Cornerstone East Texas Food Bank Embark Women GTAR Hispanic Heritage Month Hope Haven of East Texas JJO’s Radio Stuff the Bus JJO’s Radio Ton of Toys Toy Drive John Tyler Spring Sports John Tyler Winter Sports Leadership Tyler Lindale Chamber of Commerce Lindale High School Sports Love & War Texas Movies in the Park Noon Day Food Bank Pigskin Preview Red Dirt BBQ & Music Festival Robert E. Lee Southern Bells Rose City Farmer’s Market Susan G. Komen Race For The Cure TABA Troup High School Band True Vine Beer Run Tyler Area Chamber of Commerce Tyler Bowser Camp Tyler Boys & Girls Club Tyler Fire Fighter Relief Tyler ISD Athletics Tyler ISD Teacher Tailgate

Tyler Salvation Army Tyler West Little League Baseball Tyler Young Professionals Network UG T-ball Union Grove Youth Sports Association United Way UT Tyler Whitehouse ISD Education Foundation Women’s Fund of Smith County Women’s Symphony League

West Salem

Country Boom Heider Center Henderson Racing Hesselberg Racing June Dairy Days La Crosse Fairgrounds Speedway La Crosse Interstate Fair Sunshine on the Trail Volunteer Fire Department West Salem Baseball West Salem Booster Club West Salem Boys & Girls Club West Salem Business Association West Salem DECA West Salem First Responders West Salem Fun Run West Salem Hockey Association West Salem Robotics Club West Salem Sharks West Salem Youth Go Kart Racing West Salem Park and Rec West Salem Rod and Gun


Bob Welch Aquatic Center Chamber of Commerce Craft Beer Tour Family & Children’s Center Frozen River Film Festival Goodview Days Habitat for Humanity Home and Community Options Junior Achievement Morrie Miller Athletic Foundation

Saint Mary’s University Athletics Shakespeare Festival St. Judes Cash for Kids Steamboat Days Winona Cotter High School Winona County Library Summer Reading Winona Health Foundation Winona Rotary Club Winona State University Athletics Winona State University Foundation Winona Volunteering Services YMCA


Irving Pertzsch Elementary PTO Mini Donut Half Marathon Northern Hills PTO Onalaska Enrichment Foundation Onalaska Halloween Bash Onalaska High School Job Skills Olympics Onalaska High School Parent Support Group for Show Choir Onalaska Legion Onalaska Luther High School Onalaska Luther Knights Sports Program Onalaska Luther Knights Yearbook Onalaska Park and Rec Onalaska Police Reserve Onalaska Royals Basketball Onalaska School District Foundation Onalaska Thanksgiving Dinner Rockin The Prairie Sand Lake Elementary PTG Three Rivers Roleo




A Special Thank You to Amy Hansen & Wes Panzer Altra sends a special thank you to Amy Hansen and Wes Panzer for their service on the Altra Board of Directors. Amy was appointed to the Board in July 2010. During her tenure, Amy served as Vice-Chair and Treasurer as well as being involved in various committees. Wes was elected to the Board on August 22, 1990. During his tenure on the Board, Wes served as Chair, Vice-Chair, and Treasurer as well as being involved in various committees. Amy and Wes were always strong advocates for Altra’s members. They made major contributions to our culture and growth over the years! So on behalf of the staff and members, we say “Thank You” for your guidance, engagement and leadership!


Frank Gillette

Donald Lee

Terri Brennan

2019 Board Nominee

2019 Board Nominee

2019 Board Nominee

Board member since 2002

Board member since 2001

Board member since 2008

Donald Lee was elected to the Altra Board of Directors in March of 2001 and is currently the Secretary. Lee is retired from Trane Company where he spent forty-one years as a Machinist Skills Trainer/Machine Operator. As a trainer, he was responsible for on-the-job classroom training using presentations, machine controls simulator, and hands-on training verifications. Lee has served as Deacon for the Onalaska Church of Christ and also led the Fellowship Ministries Committee. While serving in the United States Army, he was the team leader for the Communications Center at Fort Monroe, Virginia. Lee has five children, many grandchildren, and resides with his wife in Onalaska, WI.

Terri Brennan joined the Altra Board of Directors in March of 2008. She is currently the Business Transformation Leader for Trane, a division of Ingersoll Rand in La Crosse, WI, where she leads large scale projects related to improving business systems and processes. Brennan is also a Trane Six Sigma Master Black Belt and was one of the first groups at Trane to achieve certification. She has been employed by Trane since 1996. She is also a member of the Blessed Sacrament Parish Finance Council. Brennan is a CPA, has an MBA in Business from the UW–La Crosse, and a BA in Accounting and Marketing from the University of St. Thomas School of Business.

Chair of the Supervisory Committee Frank Gillette has been on the Altra Board of Directors since October of 2002 and currently serves as Chairman of the Supervisory Committee. He was the founder of Gillette & Associates, LLC. Gillette & Associates has been in business for over twenty-seven years, specializing in tax and accounting services. Gillette has taught accounting classes at the University of Wisconsin – La Crosse and is a retired Navy Commander. Gillette is a CPA, has an MBA in Accounting from Mankato State University, and a BS in Business Administration from UW–La Crosse. He has two sons and resides with his wife in Stoddard, WI.




BOARD MEMBERS Crystal Seiler

Board member since 2018

Mike Goryl - Treasurer Board member since 2013


John Nemec

Board member since 1990

Jill Bernstein

Board member since 1988

Mark Ward

Board member since 1993


Jack Peplinski CEO

Steve Koenen President

Mary Isaacs Executive VP, CFO

Kevin Strangman Executive VP, Administration

Mike Nickel Senior VP, Lending

Dan Schwaab Senior VP, Retail Operations








Liabilities and Members’ Equity $1,240,236,409 $92,360,032 $11,145,385 $170,685,814 $1,514,427,640

$1,127,565,264 $89,024,490 $15,226,775 $154,444,545 $1,386,261,074




1,254.2 2016



Total Net Income (in millions)







$14,673,581 $65,351,352 $1,222,817,440 $45,331,735 $38,086,966


$12,701,837 $66,479,241 $1,337,866,349 $52,791,465 $44,588,748


Cash Investments Loans (Net) Fixed Assets (Net) Other Assets

Share and Savings Accounts Borrowed Funds Other Liabilities Members’ Equity TOTAL LIABILITIES AND MEMBERS’ EQUITY





(in millions)



Balance Sheet Assets

Total Assets


2018 Financial Summary




Income Statement


Interest on Loans Income on Investments NCUA Share Insurance Distribution Non-Interest Income TOTAL INCOME

$53,740,244 $2,532,588 $690,782 $23,255,245 $80,218,859

$46,332,239 $2,174,149 $0 $21,510,082 $70,016,470

Dividends and Interest Non-Interest Expense Provision for Loan Losses TOTAL EXPENSE NET INCOME

$12,342,669 $47,089,237 $4,082,323 $63,514,229 $16,704,630

$9,477,895 $43,112,855 $3,300,668 $55,891,418 $14,125,052




Members’ Share & Savings Accounts




OPERATIONS CENTER 1700 Oak Forest Dr. • Onalaska, WI 54650

TYLER WEST 2815 W SW Loop 323 • Tyler, TX 75701

HOLMEN HIGH SCHOOL 1001 McHugh Rd. • Holmen, WI 54636

LA CROSSE 2715 Losey Blvd. S. • La Crosse, WI 54601

TYLER TROUP HWY. 5523 Troup Hwy. • Tyler, TX 75707

CENTRAL HIGH SCHOOL 1801 Losey Blvd. S. • La Crosse, WI 54601

LA CROSSE FESTIVAL FOODS 28 Copeland Ave. • La Crosse, WI 54603

TYLER SOUTH BROADWAY 8976 South Broadway • Tyler, TX 75703

ONALASKA 1807 E. Main St. • Onalaska, WI 54650

CLARKSVILLE MADISON ST. 1600 Madison St. • Clarksville, TN 37043

HOLMEN 1404 S. Main St. • Holmen, WI 54636

CLARKSVILLE WILMA RUDOLPH 2625 Wilma Rudolph Blvd. • Clarksville, TN 37040

WEST SALEM 1400 Waterloo Ave. • West Salem, WI 54669

LEXINGTON 1515 Mercer Rd. • Lexington, KY 40511

LA CRESCENT 205 N. Chestnut St., Suite 102 • La Crescent, MN 55947

TRENTON 2231 E. State St. • Trenton, NJ 08619

WINONA 526 Orrin St. • Winona, MN 55987

PUEBLO 101 William White Blvd. • Pueblo, CO 81001

ROCHESTER 19TH ST. 3833 Cascade Creek Road NW • Rochester, MN 55901 ROCHESTER 2ND ST. 123 16th Ave. SW, Suite 500 • Rochester, MN 55902


800-755-0055 • www.altra.org

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2018 Annual Report  

2018 Annual Report  

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