Altana Federal Credit Union

What Altana Federal Credit Union does

Altana Federal Credit Union is a federally chartered, member-owned cooperative financial institution headquartered in Montana, operating primarily through branches in Billings and Laurel with an additional digital banking platform. The institution serves individual members, students and young adults (ages 6-25), small business owners, and agricultural clients across Montana, offering a full suite of consumer and commercial banking products including savings accounts, money market accounts, certificates and IRAs, checking products (notably Xtra Checking with rewards), debit cards, auto/boat/RV loans, home loans, credit cards, lifestyle and ASAP loans, business banking services, and agricultural lending. Sub-brands include Xtra Checking, Zing! (youth banking), Cubby Accounts, FYI Checking, ASAP Loans, ExpressPay (real-time loan payment), and LearningLab+ (financial education platform). The credit union generated member returns of over $673,000 through Xtra Checking and Xtra Savings rewards in 2025, plus $184,566 in reimbursed ATM fees, demonstrating a member-value-returns model. Revenue is generated primarily through interest income on loans (auto, home, personal, business), account and transaction fees, and financial products (credit cards, certificates, IRAs, money market). The go-to-market approach is community-led, leveraging local sponsorships, educational partnerships, grassroots events (MontanaFair, VW Ice Cream Bus), social media, and member referrals to drive acquisition in the Montana region. Distribution is hybrid: physical branches in Billings and Laurel plus an online and mobile banking platform with secure messaging, ATM network with fee reimbursement for qualifying members, and NMLS-registered mortgage origination (NMLS# 417013). Strategic partnerships include GreenPath Financial Wellness (financial counseling), Federal Home Loan Bank of Des Moines (Member Impact Fund grants), and various community organizations. As a cooperative, Altana is not equity-backed; there are no disclosed funding rounds, M&A activity, or parent company ownership.

Name

Altana Federal Credit Union

Legal name

Altana Federal Credit Union

Website

https://altanafcu.org

Company type

Private

Founded year

1949

Operating status

Operating

Headcount range

51–100 employees

Short description

Altana Federal Credit Union is a federally chartered, member-owned cooperative financial institution serving individuals, students, small businesses, and agricultural clients across Montana through branches in Billings and Laurel and a digital banking platform.

Ownership category

akta.pro rank

Product category

Retail Banking (Credit Union)

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

akta.pro secondary industry

Agricultural & Rural Cooperatives (Farm Credit/Co-op Banks) (FSABAEAG)

Keywords

• Retail banking services
• Consumer lending
• Mortgage lending
• Credit union deposits
• Agricultural banking

Headquarters

HQ city

Billings

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Interest Income: Revenue generated from interest charged on loans including auto loans, home loans, personal loans, and business loans. This is the primary revenue driver for the credit union model.
2. Account and Transaction Fees: Fees from checking accounts, ATM usage (where not reimbursed), and other account services
3. Financial Products: Revenue from credit cards, Certificates, IRAs, and money market accounts

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Altana Federal Credit Union is a member-owned cooperative financial institution that accepts deposits and extends credit to individuals, families, students, small businesses, and agricultural operators in Montana. It sells deposit products (savings, money market, certificates, IRAs, Xtra Checking), consumer and commercial loans (auto, home, personal, credit cards, business and ag loans), debit cards, and digital banking services, distributing them through branches in Billings and Laurel, an ATM network, and an online/mobile platform.

Product overview

Altana Federal Credit Union offers a comprehensive suite of financial products and services organized into personal banking (savings, checking, debit cards), lending (auto, home, personal, credit cards, student loans), youth and student banking (Cubby, FYI Checking, Zing!, scholarships), and business/agricultural services. The credit union provides a digital banking platform for online and mobile access, supplemented by LearningLab+ for financial education, ExpressPay for loan payments, and online claims processing. The portfolio centers on traditional credit union products with digital delivery channels for member convenience.

Differentiator

Problem solved

Functional benefit

Brands

• Xtra Checking: Checking account with rewards program that returned over $673,000 to members in 2025 through Xtra Checking and Xtra Savings.
• Zing!
• Cubby Accounts
• FYI Checking
• ASAP Loans
• ExpressPay
• LearningLab+

Products and services

• Savings Accounts Deposit accounts for members to save and grow funds with competitive rates.
• Money Market Money market deposit accounts offering higher interest rates for members with larger balances.
• Certificates & IRAs Certificate of deposit accounts and Individual Retirement Accounts for term savings and retirement planning.
• Xtra Checking Reward checking account that returns value to members through interest and ATM fee reimbursements. In 2025, Altana returned over $673,000 through Xtra Checking and Xtra Savings and $184,566 in ATM fees.
• Debit Cards Debit card services for everyday purchasing with fraud protection features.
• Auto | Boat | RV Loans Vehicle financing for cars, boats, and recreational vehicles with pre-approval options.
• Lifestyle Loans Personal loans for various needs including debt consolidation, with flexible terms.
• Home Loans Mortgage and home equity loan products for purchasing, refinancing, or leveraging home equity for renovations and other purposes, originated under NMLS# 417013.
• Credit Cards Credit card products for members with various rewards and rate options.
• ASAP Loans Quick cash loans designed for unexpected expenses with fast funding.
• Cubby Accounts Savings accounts for young members to start building financial habits.
• FYI Checking Checking account designed for student members entering financial independence.
• Zing! Youth Banking Program Youth banking program for ages 6-25 that helps build financial habits through everyday money moments; parents can add Zing! to their account.
• Scholarship Program Educational scholarship program for student members.
• Business Checking Checking accounts tailored for business members with tools for managing business finances.
• Business Loans Loan products for business financing needs including working capital and expansion.
• Business Real Estate Commercial real estate financing for business property purchases and developments.
• Ag Services Agricultural banking services tailored for farmers and ranchers, including agricultural loans and farm banking services.
• Digital Banking Online and mobile banking platform providing 24/7 account access, bill pay, transfers, and account management.
• LearningLab+ Free online financial education platform to help members build smarter money habits and improve financial confidence.
• ExpressPay Real-time loan payment system through text or payment portal for managing loans with ease.
• Online Claims Online portal for filing loan payment protection claims for covered or qualifying events.
• Loan Calculators Online financial calculators to help members budget and plan for major milestones; used 35,000 times in 2025.

Quantifiable outcome

• Returned over $673,000 to members in 2025 through Xtra Checking and Xtra Savings rewards
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• GreenPath Financial WellnesscoreStrategic or Co-development PartnerGreenPath is a national nonprofit offering judgment-free financial counseling and free advice. Altana refers members facing debt and financial challenges to GreenPath for debt consolidation, debt management, student loan counseling, and credit report review services. This partnership provides members with additional support resources beyond traditional credit union services.
• Education Foundation for Billings Public SchoolsminorGTM or Marketing PartnerAltana supports the Reading Rocks program which keeps kids engaged in reading during summer months. The credit union also sponsors the Saturday Live event which has raised over $2.7 million for local schools over 30 years.
• Federal Home Loan Bank of Des MoinesminorStrategic or Co-development PartnerThrough the Member Impact Fund, Altana partnered with Federal Home Loan Bank of Des Moines to provide an $18,000 grant to Boulder Elementary for their new gymnasium campaign. This partnership enables larger community impact than Altana could achieve alone.
• Billings ClinicminorGTM or Marketing PartnerAltana participates in Billings Clinic Summer Celebration events, demonstrating community partnership through presence at healthcare organization events.
• Billings Public LibraryminorGTM or Marketing PartnerAltana participates in the Big Machine Petting Zoo event at Billings Library, connecting with families and promoting the Zing! youth banking program.
• MontanaFairminorGTM or Marketing PartnerAnnual partnership providing free family admission tickets to Altana members and sponsoring Altana Member Day at the fair. Includes presence with the VW Ice Cream Bus.

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• First Interstate Bank: Large Montana-based regional bank with statewide branch presence and full consumer, mortgage, and agricultural lending lines. Represents the larger competitor Altana faces within the same Montana footprint.
• BECU (Boeing Employees Credit Union): Large community credit union with extensive consumer, mortgage, and business banking products. Illustrates the scaled cooperative model and benchmarks the upside trajectory for a community credit union that successfully grows membership.
• Glacier Bank: Montana-based community bank with statewide deposit and lending operations including consumer and agricultural products. Comparable regional incumbent competing for the same Montana members and small businesses.

Direct peers

• Mountain West Federal Credit Union: Community credit union operating in Montana with consumer and business banking products. Closely comparable member-owned cooperative serving a similar regional market.
• Consumers Cooperative Credit Union: Mid-sized community credit union offering consumer, mortgage, and business banking products under a member-owned cooperative structure. Comparable in product breadth and member-service positioning.
• Premier Members Credit Union: Community credit union with similar deposit, consumer lending, and youth financial education products serving a defined membership community. Comparable in product mix and member-centric model.
• Meritrust Credit Union: Community credit union with a similar mix of consumer checking, lending, and youth financial education programs. Comparable in size-class and member-owned cooperative model.
• Valley Federal Credit Union: Small community credit union operating in a similar retail-consumer cooperative model with deposit and consumer lending products. Comparable in scale and member-owned structure.
• Whitefish Credit Union: Montana-based community credit union serving individuals and businesses across the state with a similar product mix of deposits, consumer loans, and mortgages. Directly comparable community cooperative model and geographic focus.

Regional players

• Stockman Bank of Montana: Montana-headquartered community bank offering consumer, agricultural, and business banking across the state. Comparable regional presence and agricultural lending focus, though operating as a stock bank rather than a cooperative.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/altanafederalcreditunion
• LinkedInlinkedin.com/company/altana-federal-credit-union
• Instagraminstagram.com/altana_fcu
• TikToktiktok.com/@altana_fcu
• Xx.com/altana_fcu

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Altana Federal Credit Union