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Altana Federal Credit Union

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Altana Federal Credit Union
Company typeCredit union
IndustryFinancial services
Founded1949[1]
HeadquartersBillings, Montana, United States
ProductsSavings; checking; consumer loans; mortgages; credit cards
RevenueUS$217M[2]
Websitealtanafcu.org

Altana Federal Credit Union or (Altana FCU) (formerly Avanta Federal Credit Union [3][4][5][6]) is a federally insured, community chartered credit union in south-central Montana . The corporate office is in Billings, Montana.[7][8]

History

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Altana Federal Credit Union (then Laurel Federal Credit Union) started in 1949 out of an empty railcar in Laurel, Montana. Several refinery workers joined and started the credit union as a way to safeguard themselves from the high cost of banking services. The first loan given was to purchase a sewing machine. Credit unions merged into Altana FCU include:

  • Mountain States FCU – a credit union that served a Select Employer Group (SEG) that included employees of USWest and AT&T.
  • Montana Media Credit Union – a credit union that served a Select Employer Group (SEG) that included people who worked in the media industry.
  • Northwest Humble FCU – a credit union that served a Select Employer Group (SEG) that included employees of Exxon.
  • Summit FCU [9][10] – originally Yellowstone Teachers Credit Union, they served teachers, faculty and students for area schools before expanding to a community charter.
  • BearPaw FCU - established in 1942 for Great Northern Railway employees — eventually expanding to their families, then to Havre as a whole, then to county and surrounding counties over the coming decades

Membership

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Persons who live, work, worship or attend school, and businesses located in the following Montana counties are eligible for membership[11] at Altana Federal Credit Union: Big Horn, Blaine, Broadwater, Carbon, Carter, Cascade, Choteau, Custer, Daniels, Dawson, Fallon, Fergus, Gallatin, Garfield, Golden Valley, Hill, Judith Basin, Liberty, McCone, Meagher, Musselshell, Park, Petroleum, Phillips, Pondera, Powder River, Prairie, Richland, Roosevelt, Rosebud, Sheridan, Stillwater, Sweet Grass, Teton, Toole, Treasure, Valley, Wheatland, Wibaux, Yellowstone. Persons who live, work, worship or attend school, and businesses located in the following Wyoming counties are eligible for membership[11] at Altana Federal Credit Union: Big Horn, Fremont, Hot Springs, Johnson, Park, Sheridan, Sublette, Teton, Washakie. As an added feature of membership, immediate family members are able to join. Immediate family members include a spouse, child, sibling, parent, grandparent, grandchild, stepparent, stepchild, step-sibling or adoptive relationship.

Locations

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Altana Federal Credit Union is located in the following towns in Montana: Billings, Columbus, Laurel, Red Lodge, Havre, Chinook, Shelby, Sunburst, and Chester.

References

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  1. ^ Altana Federal Credit Union Official Website Archived September 5, 2015, at the Wayback Machine
  2. ^ Credit Unions Online
  3. ^ "Patent dispute means name change". PDD.net. Retrieved November 10, 2014.
  4. ^ "Avanta FCU changes name to avoid trademark problems". CUNA. Retrieved November 10, 2014.
  5. ^ "Facing lawsuit, credit union takes on new name". Billings Gazette. 9 June 2009. Retrieved November 10, 2014.
  6. ^ "Avanta FCU becomes Altana". The Financial Brand. 15 June 2009. Retrieved November 10, 2014.
  7. ^ "Credit Union settles in on west end". Billings Gazette. 2 July 2005. Retrieved November 10, 2014.
  8. ^ USA Credit Unions
  9. ^ "Credit unions move to merger". Billings Gazette. 25 February 2009. Retrieved November 10, 2014.
  10. ^ "Two Billings credit unions merging". Billings Gazette. 10 December 2008. Retrieved November 10, 2014.
  11. ^ a b Altana Federal Credit Union Official Website Archived September 5, 2015, at the Wayback Machine
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