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AEA FCU, Altura CU Report Second Quarter Profits

Altura in California, AEA in Arizona back in black after earlier losses.

By Natasha Chilingerian | Updated on August 03, 2011

Two sand state credit unions noted second quarter improvements this week.

Riverside, Calif.-based, $693.6 million Altura CU reported a second quarter net gain of $3.1 million after a first quarter loss of $1.6 million, while the NCUA-run, AEA FCU of Yuma, Ariz. cited a year-to-date net income of $2.2 million and total assets of $229 million, which follows a loss of $31 million in 2010.

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Natasha Chilingerian

Natasha Chilingerian

Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.

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