Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Altura CU to merge Hemet Calif. branches
IVERSIDE, Calif. (11/4/10)--Riverside, Calif.-based Altura CU will close a branch office in Hemet, Calif., on Jan. 12 and merge it with a second Hemet branch, said Mark Hawkins, the credit union's president/CEO. After Jan. 12, Altura will have 13 branch locations throughout Riverside County: four in the city of Riverside, two in Moreno Valley, two--including one that is all electronic--in Corona, and one each in Hemet, Indio, Murrieta, Rancho Mirage and Temecula. "The 'great recession' continues to linger in the Inland Empire, and although we are beginning to see signs of improvement, some challenges remain," said Hawkins. "We continue to look for ways to reduce our costs of operation, while causing the least amount of disruption to our members." Building leases will expire on three branch office locations in the next 90 days.. "An expiring lease is an easier way to reduce our expenses compared to some other options," he said. Hemet was chosen for closure because two branches were within three miles of each other. "This was a painful choice, but merging the Hemet branches is the least objectionable option for cutting our operating costs," he said. Staff from the two branches will be merged. However, five employees have been offered severance packages, outplacement services and Altura loan modification packages to assist them in the transition.


RSS print
News Now LiveWire
We really want to hear from our readers. Please take the News Now survey: http://t.co/BYiQ5vr5Ob
6 minutes ago
Advanced technologies don't quell cybersecurity fears #NewsNow http://t.co/ZJ20bimRvv
39 minutes ago
.@CentralMaineCom reports #creditunions have issued thousands of new cards to proactively protect members from Home Depot data breach.
1 hours ago
.@siskiyoucu does 'littlest things' for members as it waits for toll from devastating fire in Weed, Calif
2 hours ago
Maine wracked by 100,000 compromised cards from #HomeDepotBreach http://t.co/edJuIOuBvO
3 hours ago