Ridgecrest, California, January 18, 2024 — The AltaOne Foundation is proud to announce the 2024 Digital Scholarship Program, an initiative designed to support the educational aspirations of AltaOne Federal Credit Union’s younger members. The scholarship is open to graduating high school seniors who are members of AltaOne Federal Credit Union, and attend high schools in Kern, Inyo, Mono, and northern San Bernardino counties. The scholarship offers a unique opportunity for students to combine their creative talents with their educational goals.

This year, the foundation will award up to six scholarships, each valued at $1,000. These scholarships aim to ease the financial burden of higher education for deserving students. To be eligible, applicants must be members in good standing with AltaOne Federal Credit Union and plan to attend an accredited college, university, or trade school for the 2024-2025 academic year.

The application process for the Digital Scholarship requires a unique approach. Applicants are asked to create and submit digital media content that promotes AltaOne Federal Credit Union. This creative requirement allows students to showcase their digital skills and creativity, making the scholarship application both challenging and engaging.

The deadline for the 2024 Digital Scholarship applications is March 15, 2024. Interested students can find more details and apply on the AltaOne Foundation website at www.AltaOne.org/Foundation.

About the AltaOne Foundation

Based in Ridgecrest, California, The AltaOne Foundation was established in 2023 by AltaOne Federal Credit Union to provide funding and donations for educational scholarships, financial education and other activities that help fulfill its mission to ‘improve the inequalities that exist in income, wealth, and access to financial solutions’ in its field of membership and designated CDFI Investment Areas. The Foundation’s 501 (c) 3 certification is currently pending with the Internal Revenue Service. For more information on the AltaOne Foundation, visit www.AltaOne.org/Foundation.

RIDGECREST, CA – January 16, 2024 – AltaOne Federal Credit Union has been selected for a $200,000 grant award from the California Investment & Innovation Program (Cal IIP). This grant will bolster AltaOne's efforts in providing essential financial services and support to communities across California.

Cal IIP is an initiative led by the California State Treasurer's Office, that focuses on empowering community development financial institutions (CDFIs) like AltaOne. This program aims to facilitate equitable economic recovery and development in underserved communities.

AltaOne Federal Credit Union, meeting the stringent criteria set by Cal IIP, including federal CDFI certification and a strong presence in California, is well-positioned to utilize this grant effectively. The funds are earmarked for enhancing working capital and increasing total net assets, which will enable AltaOne to expand its services. These services range from affordable housing projects to supporting businesses and facilities that contribute to community revitalization and stability.

"This grant award is an acknowledgment of our commitment to serving the financial needs of Californians, especially in low-income and underserved areas," said Stephanie Sievers, CEO of AltaOne Federal Credit Union. "With these funds, we are able to further our mission in making a tangible difference in the lives of our members and the broader community."

AltaOne Federal Credit Union plans to channel the grant towards various initiatives, including expanding affordable housing options and supporting small businesses.

RIDGECREST, CA – October 2, 2023 — AltaOne Federal Credit Union has announced appointments to key leadership roles within our Ridgecrest branches. Roger Ussery has been named the Branch Manager of the Ridgecrest Corporate Branch, while Daniel Lagunez will assume the position of Branch Supervisor for both the Ridgecrest North Branch and the China Lake Base Branch. These appointments reflect AltaOne's commitment to excellence in serving our members and communities.

Ussery brings a wealth of experience and dedication to his new role as Branch Manager of the Ridgecrest Corporate Branch. He has been an integral part of the AltaOne team for over a year, joining the credit union through the Mission Bank Ridgecrest Branch acquisition in 2022. With over 25 years of industry management experience, Ussery has consistently demonstrated exceptional leadership and a deep understanding of the credit union's mission and values. Roger's vision and passion for member service make him an ideal choice to lead our Corporate Branch.

“I look forward to continuing to serve my community and our members as the Branch Manager of the Ridgecrest Corporate Branch,” Ussery said. “I feel it’s important to be involved in the community and plan to continue to serve and support various charitable and resource organizations.”

In his role as Branch Supervisor, Lagunez will oversee the Ridgecrest North Branch and the China Lake Base Branch. With 4 years of experience in financial services and a proven track record of delivering outstanding member experiences, Lagunez is well-equipped to lead our teams in providing top-notch service to our members in the Ridgecrest area.

“I’m excited to embrace our roots by supervising our China Lake Base Branch, where we were founded over 75 years ago,” said Lagunez. “Also with providing support to our local businesses through the Ridgecrest North Branch, we will be able to help our local economy grow and become more resilient.”

"At AltaOne Federal Credit Union, our commitment to our members is unwavering, and we believe that strong leadership is essential to achieving our mission of improving our members' financial well-being," said Nike Shelton-Romero, East County Regional Manager at AltaOne. "Roger and Daniel exemplify the values and dedication that define AltaOne, and we are confident that they will continue to uphold our high standards of member service and community engagement."

For more information about AltaOne Federal Credit Union and its services, please visit our website at www.altaone.org.

RIDGECREST, CA – September 28, 2023 – AltaOne Federal Credit Union, a trusted financial institution serving our community for decades, today announced a comprehensive assistance program designed to support our valued members in the face of the potential federal government shutdown scheduled for October 1, 2023.

As the nation stands at the brink of uncertainty due to the looming government shutdown, AltaOne reaffirms its unwavering commitment to our members, especially those who may be adversely affected by this situation. We understand the financial hardships that such a shutdown can bring, and we are here to provide assistance and peace of mind during these challenging times.

Our assistance program, tailored to cater to the unique needs of our members, includes the following key provisions:

Bridge Loans up to $5,000:

• We are offering Bridge Loans of up to $5,000 to help affected individuals navigate through this period of uncertainty.

• These loans come with reduced interest rates to ease the financial burden.

• No payments will be required for the first 90 days, allowing borrowers ample time to stabilize their financial situations.

• These funds can be used for essential living expenses, unexpected emergencies, and other immediate financial needs.

Streamlined Loan Payment Deferment:

• For our existing AltaOne members with loans, we are simplifying the process of deferring loan payments.

• Members facing financial difficulties due to the government shutdown can request payment deferments to alleviate immediate financial pressures.

• Additionally, we will be offering assistance by waiving late fees for eligible members.

AltaOne recognizes that the uncertainty surrounding government operations can impact our members and their families in various ways. We are committed to providing support, financial solutions, and peace of mind during these challenging times.

"In times of uncertainty, the strength of our community and the commitment to supporting one another become paramount," said Stephanie Sievers, AltaOne CEO. "We are here to stand with our members, offering a helping hand when it's needed most. Our assistance program reflects our dedication to the financial well-being of our community."

Members affected by the potential government shutdown are encouraged to reach out to the credit union to explore these assistance options. Our dedicated team is ready to provide guidance and support through these challenging times.

For more information about AltaOne's assistance program and how we support our members, please visit our website at AltaOne.org or contact us at (800) 433-9727.

RIDGECREST, CA — August 21, 2023 — Due to the recent hurricane and tropical storm, AltaOne Federal Credit Union has activated its Emergency Assistance Program to provide aid to those in Ridgecrest and other affected areas.

The AltaOne Emergency Assistance Program is designed to help those who live or work in the affected areas in two ways:

• Bridge Loans up to $5,000, at reduced rates, with no payments for 90 days for affected individuals. The Bridge Loan can be used for small repairs, insurance deductibles, and other needs.

• For affected AltaOne members with existing loans, the credit union is streamlining the payment deferment process and offering late fee assistance.

“We stand with our members and communities in their time of need.” stated Stephanie Sievers, AltaOne CEO. “Our Emergency Assistance Program offers reliable assistance and stability to help those affected by the storms.”

With a history of providing relief in times of need, AltaOne has activated its Emergency Assistance Program in response to wildfires, earthquakes, and other natural disasters in the past.

For more information on the AltaOne Emergency Assistance Program or to apply, visit a branch or call (800) 433-9727.

RIDGECREST, CA — July 27, 2023 - AltaOne Federal Credit Union is proud to announce a significant milestone as they commemorate 25 years of unwavering support and collaboration with the Armed Forces Financial Network (AFFN). AltaOne aims to contribute to the well-being and stability of those who selflessly safeguard our nation.

Founded by naval and civilian personnel at Naval Ordinance Test Station China Lake in 1947, AltaOne has remained committed to serving military personnel and their families with the utmost care, understanding, and respect they deserve. As a trusted partner of AFFN, the credit union has continuously tailored its offerings to address the unique financial needs of military members, both active and retired.

"We take great pride in serving those who serve our nation,” said Stephanie Sievers, AltaOne CEO. “Providing financial services to the military community is not just a job, but an honor and a commitment to supporting our heroes. We look forward to continuing our 76-year legacy of service to those who serve."

Regarding AltaOne, Anthony Hernandez, CEO of the Defense Credit Union Council stated, "Your dedication to your members and military community exemplifies what it means to be a defense credit union.”

AltaOne Federal Credit Union looks forward to the future with the same passion and dedication, seeking to strengthen its partnership with the Armed Forces Financial Network and continue making a positive impact on the lives of military members and their families.

RIDGECREST, CA — June 22, 2023 — The Credit Union National Association (CUNA) has recognized AltaOne Federal Credit Union with its Certificate of Excellence.

The recognition was awarded to AltaOne for providing its members with direct financial benefits, such as charging less for loans, paying more on deposits, and charging fewer fees compared to other banking institutions.

CUNA determined that AltaOne provided $7,794,350 in direct financial benefits to its 54,169 members during the twelve months ending in December 2022. These benefits are equivalent to approximately $302 per member household. AltaOne provided loyal high-use member households $1,804 in direct financial benefits.

“Receiving this certificate is a true honor and validates our unwavering focus on delivering exceptional financial solutions, fostering meaningful relationships, and making a positive impact on the communities we serve.” said AltaOne CEO Stephanie Sievers. “It is a reflection of the trust our members place in us and the tireless efforts of our employees to exceed expectations.”

RIDGECREST, CA — April 21, 2023 — Due to the recent winter storms in California, AltaOne Federal Credit Union has activated its Emergency Assistance Program to provide aid to those in the FEMA federal disaster areas of Inyo, Kern and Mono counties.

Flooding and record-breaking snowfall have caused major damage in the Kern River Valley and Mammoth Lakes areas and residents are now faced with repairs and rebuilding. Many businesses and homes in the Kern River Valley have been flooded by the Kern River, while those in the Mammoth Lakes area have suffered damage from the weight of snow, resulting in roof collapses, gas leaks, and propane tank explosions.

The AltaOne Emergency Assistance Program is designed to help those who live or work in the affected areas in two ways:

• Bridge Loans up to $5,000, at reduced rates, with no payments for 90 days for affected individuals.

The Bridge Loan can be used for small repairs, insurance deductibles, and other needs.

• For affected AltaOne members with existing loans, the credit union is streamlining the payment

deferment process and offering late fee assistance.

“Helping our members and communities is what we do. It’s in our DNA.” stated Stephanie Sievers, AltaOne CEO. “Getting our members and communities back on their feet after this severe weather, is some of the most important work we can do.”

With a history of providing relief in times of need, AltaOne has activated its Emergency Assistance Program in response to wildfires, earthquakes, flooding, and other natural disasters in the past.

For more information on the AltaOne Emergency Assistance Program or to apply, visit a branch or call https://www.fema.gov/disaster/3592

(800) 433-9727.

Other resources available:

• FEMA - https://www.fema.gov/disaster/3592

• FEMA Assistance Applications - https://www.fema.gov/assistance/individual

• SBA Disaster Assistance for Businesses - https://disasterloanassistance.sba.gov/ela/s/

RIDGECREST, CA — April 10, 2023 — AltaOne Federal Credit Union received notice from the US Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) that it has been awarded a $2,478,839 Equitable Recovery Program Grant (ERP Grant). A total of $1.73 billion in grants were awarded by the CDFI Fund to 603 Community Development Financial Institutions (CDFIs) nationwide.

“We want to thank the U.S. Treasury for recognizing the work that AltaOne has done in supporting the residents of Kern, Mono, and Inyo counties”, said AltaOne CEO Stephanie Sievers. “This grant award will increase AltaOne's ability to continue rebuilding and investing in communities that have been impacted by the pandemic, climate change, and those that have been neglected by other mainstream financial institutions."

This is the second and last installment of the funding set aside as part of the “Coronavirus Aid, Relief, and Economic Security Act” to be deployed by the CDFI Fund to expand the capacity of CDFIs to help revitalize communities most impacted. Proceeds from the ERP Grant will be used to expand lending, grant making, and investment activities in underserved, low- to moderate-income communities and to borrowers with unmet capital and financial service needs. AltaOne serves many areas that have limited or no availability to financial services.

Funds for the ERP Grant were authorized by congress in the Consolidated Appropriations Act, 2021 to respond to the economic effects of the COVID-19 pandemic. Grant awards were announced today by Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo.

AltaOne received its Certified CDFI status in May 2022 and was assigned an Investment Area and Low Income Target Population in Inyo, Kern, Los Angeles, Mono, Orange, San Bernardino, and Tulare counties in California; Clark County, Nevada; and Mohave County, Arizona. For information on AltaOne’s CDFI activities, visit AltaOne.org/CDFI.

To Our Members and Communities,

AltaOne Federal Credit Union is a strong member-owned financial cooperative and proud to be your trusted partner. We exist to help all our 55,000+ members throughout Kern, Inyo, and Mono counties and beyond, by helping them achieve their goals and attain financial freedom.

Friday, and over the weekend, two banks located in California and New York were seized by the Federal Deposit Insurance Corporation (FDIC) and have been reopened under their direction. The FDIC has stated that although most of the deposits at both institutions were uninsured, their customers will continue to have access to all their funds.

You may have concerns about the US banking system. Please rest assured that the banking system is working how it was designed, to protect depositors.

AltaOne’s Strong and Diversified Membership

Through the years, AltaOne has helped the areas we call home to survive and thrive regardless of economic conditions, weather patterns, earthquakes, the COVID pandemic, or the opening and closing of industries. Our prudent financial management has had its critics, but our results show that we are financially strong with over $780 million in total assets and over $66 million in net worth, which is more than $11 million above the required federal regulatory level for well capitalized institutions. Additionally, the credit union recognized over $4 million in net income in 2022. Our financials are always available and can be viewed at the NCUA’s website and are posted at each branch location.

Our strength is due to our diversification. We serve many communities and hard-working families who are eager to find the best financial path for their lives. They work in various industries and are not concentrated in any specific type of business. From education to military, healthcare to farm workers and municipal to the petroleum industry, we have proudly served those who power our local communities for 76 years.

Our Focus is on Helping Members and Our Communities

We continue our mission to improve the inequalities that exist in income, wealth, and access to financial solutions. Our focus remains on meeting the financial needs of those who work and live in Kern, Inyo, and Mono counties.

If you have questions, please reach out to your local branch or directly to me.

Thank you for your membership,

Stephanie Sievers, CEO

RIDGECREST, CA — January 19, 2023 — Scammers are always trying to get into our pockets and one of their scams is called Smishing. Similar to Phishing emails, except Smishing is done through text messages. You probably receive many text messages a day, with quite a few from unknown numbers.

According to the Federal Trade Commission (FTC) Smishing is when “Scammers send fake text messages to trick you into giving them your personal information— things like your password, account number or Social Security number. If they get that information, they could gain access to your email, bank, or other accounts. Or they could sell your information to other scammers.”

Another thing smishing scammers do is claim to be someone in authority, like a boss, family member, or friend.

Recently, a few employees at AltaOne Federal Credit Union (AltaOne) received the following text message from an unknown number, purported to be from the credit union’s CEO Stephanie Sievers:

Hi let me know if you are available. There is something I need you to do and also your confidentiality would be appreciated. Reply me here once you get this. Thanks Stephanie Sievers.

This text message did not actually come from Stephanie Sievers, it came from a scammer. This smishing attempt follows a familiar pattern: Text from someone with authority to build trust, followed by a request to purchase gift cards, transfer money, or give out information.

Scammers will entice victims with promises of prizes or winnings, low interest credit cards and loans, and loan payoffs. Sometimes they even use threats of arrest, being sued, or collections.

If you get a text message from an unknown number or even a number you know, asking you to do something that is out of the ordinary, you should confirm if it is legitimate.

When you are not confident of the text sender, contact the sender at a known phone number—not the number in the text message, to verbally verify if the message is indeed from them. Do not give out personal information via text. Text messaging is not always secure.

Amer Hameed, AltaOne’s Assistant Vice President of Information Security states, “Situational awareness even in our digital world is important because every interaction we make could potentially be a targeted scam by cyber criminals. Basic common sense is the key to protecting ourselves from falling for scams whether it be by email, phone, or text message.”

To help stop scammers from contacting you through text messaging, the FTC recommends the following:

On your phone: Block the number on your cell phone. Your phone may have an option to filter and block spam or messages from unknown senders.

Through your wireless provider: They may have a service that lets you block calls and text messages. Visit ctia.org, a website from the wireless industry, to learn about options from different providers.

• AT&T: https://www.att.com/security/security-apps/

• Verizon: https://www.verizon.com/support/residential/internet/essentials/internet-security-suite

• T-Mobile: https://www.t-mobile.com/support/devices/lookout-mobile-security-app

With a call-blocking app: Visit ctia.org for a list of call-blocking apps for Android, BlackBerry, Apple, and Windows phones. Pay special attention to the features, user ratings, and expert reviews.

Reporting on your phone: Report the text on the messaging app you use. Look for the option to report junk or spam.

Report it to the FTC: Go to ReportFraud.ftc.gov.

If you receive unrequested text messages claiming to be from AltaOne, contact the credit union to confirm at (800) 433-9727, online at AltaOne.org or visit a branch.

RIDGECREST, CA — December 5, 2022 — After 40 years of distinguished service to AltaOne Federal Credit Union, Colleen Bulgarelli, Branch Manager of the Lake Isabella and Kernville branches has retired.

Bulgarelli started her career as a teller at the China Lake Base Branch in 1982. After progressing through the ranks and moving to Lake Isabella, she ends her career managing the two Kern River Valley branch locations.

“Colleen has shown exceptional leadership and leaves a legacy of service to her team and community. She will definitely be missed.”, said Stephanie Sievers, AltaOne CEO.

Bulgarelli stated, “I met my husband David while working at the credit union and the credit union played a part in the raising of my kids! Back then work/life balance wasn’t something considered, but the credit union allowed me to work part time for many years so I could spend more time with my children. I feel this enabled us to give them a great foundation, which shows in their lives now.” Bulgarelli’s children have grown up to be medical professionals— daughter Jamy is an OBGYN and son Cody is a Physician Assistant.

Looking back Bulgarelli said some of her mentors included Donna Hollingsworth and Marie Riggs. “Donna showed me how to build a high performing team and to lead with compassion and empathy. Marie offered life advice. She told me when I was hired to start preparing for retirement now, which I did by adjusting my 401k deductions regularly and investing for the future, ensuring we were set to enjoy retirement.”

Among the things Bulgarelli will miss about the credit union are the members, team, and serving the community. “I plan to continue serving the community, but in a different capacity.” Bulgarelli said.

“I have always believed in the credit union’s culture, it’s what’s kept me here. We truly care about our members and communities and work to make them better.” added Bulgarelli.

Looking ahead Bulgarelli plans to travel, spend time with family, and see where things take her. “I am excited to get out and use my e-bike, travel trailer, and spoil my grandson.”

“We are in the process of recruiting a new manager for Lake Isabella and Kernville. It’s important for us to find the perfect person to continue our legacy of community service.”, Sievers said about the search for Bulgarelli’s replacement. Interested individuals may review the job description at AltaOne.org/Careers.

RIDGECREST, CA — November 9, 2022 — AltaOne Federal Credit Union’s (AltaOne) CEO Stephanie Sievers has been named to the Most Powerful Women in Credit Unions listing by American Banker, a trade publication for the financial industry.

Sievers became CEO of AltaOne in May 2021 and since has shepherded the credit union through a bank branch acquisition in Ridgecrest CA; opened a de novo branch in Tehachapi CA; joined the Co-Op ATM and shared branching networks; received the Community Development Financial Institution certification; expanded business products and services and implemented a 5-year strategic plan—resulting in lending, deposit and membership growth and a decrease in employee turnover.

On hearing the news of the announcement Sievers said, "Our industry is full of strong female leaders who are making a positive impact in their organizations and within their communities. We are but a small representation of the many, and I’m humbled to stand amongst the amazing women on this list.”

“American Banker is proud to share the stories of 25 of the women leading the credit union industry through times of rapid and unprecedented change. The women leading many of these organizations are ensuring they have a culture of inclusion, not only within their ranks but how they serve their members.” the American Banker article states. Those on the list represent credit unions, large and small, from across the country and were selected from peer nominations.

RIDGECREST, CA — August 23, 2022 — AltaOne Federal Credit Union (AltaOne) has joined CO-OP Solutions CO-OP ATM network. The CO-OP ATM network will enable AltaOne to serve its members wherever and however they want.

“Our members have asked us to continue to look for ways to expand our products and services. Joining the Co-Op network allows for access at thousands of locations nationwide.”, said Stephanie Sievers, AltaOne’s CEO. “Now we are better supporting our members as they travel or relocate through the United States and abroad.”

CO-OP’s ATMs are coast to coast, in all 50 states and 10 countries, with more direct, surcharge-free access than most traditional banks networks. Nearly 2,000 credit unions participate, and CO-OP ATMs are inside many Costco and 7-Eleven locations.

AltaOne members can do fee free withdrawals at over 35,000 ATMs nationwide. CO-OP ATMs can be located by using the CO-OP ATM Locator on AltaOne’s website at AltaOne.org; at CO-OP’s website at co-opatm.org; or by downloading the CO-OP ATM app available for iPhone and Android.

This fall AltaOne will implement CO-OP’s Shared Branch network, giving members additional, in-person access to their accounts at more than 5,700 branches in the US and several foreign countries.

RIDGECREST, CA — August 11, 2022 — AltaOne Federal Credit Union (AltaOne) has introduced a Back to School micro loan to help teachers and parents prepare for the school year.

Setting up a classroom can be expensive for teachers as is purchasing clothing and school supplies for parents. The Back to School Loan will help both get the items they need to start the school year. The maximum loan amount is $1,200 with a 12 month term, and rates as low as 6.50% APR. Payments are about $100 a month.

“We continually look for innovative ways to help our members and we know many of them are severely impacted by the rising costs of fuel, food and utilities.”, said Chris Lowe, AltaOne Brand Manager/Marketing & Development.

“The Back to School Loan is a low-cost way to borrow a small amount at a good rate. Pricing was very important to us to ensure payments would be affordable for many our members.”

The Back to School Loan is available for a limited time, August 1, 2022 through September 30, 2022. For complete details visit altaone.org/signature-loans; call (800) 433-9727 or visit any AltaOne branch.

TEHACHAPI, CA — June 13, 2022 — AltaOne Federal Credit Union (AltaOne) opened its newest branch in Tehachapi, California. The location has been christened the Tehachapi Tucker Road Branch and is in The Orchard Center at 665 Tucker Road. This is AltaOne’s second branch in Tehachapi.

The location was previously a regional bank that vacated the market area in 2020. “We saw this as a unique opportunity to grow our presence in Tehachapi and provide improved financial services to our members and the business community.”, stated Jessica Davidson, Tehachapi Tucker Road Branch Manager. “Although we have had some supply chain issues with equipment and signage, we are open and ready to serve!”

“It’s a privilege for AltaOne to step-up, fill a vacancy, and serve our local businesses. We are committed to helping our communities grow and are thrilled to increase our investment in the amazing city of Tehachapi.”, said Stephanie Sievers, CEO of AltaOne. “I have enjoyed meeting so many wonderful people in Tehachapi and look forward to meeting many more during the All-American 4th of July Festival presented by AltaOne.”

The Tehachapi Tucker Road Branch offers a full array of business and personal banking and lending, including Safe Deposit Boxes. A Drive-Up Teller and an ATM are expected to be installed in the coming months. The branch is decorated in AltaOne’s brand colors of red, white, and blue, with a feature wall image of the famous Tehachapi Loop railroad helix. The branch is open Monday – Friday 9am-5pm, Saturday 9am-1pm, closed Sundays and holidays.

AltaOne has had an in-store branch at the Albertsons grocery store since 2007, it is remaining open as an Express Branch. Its operating hours are Monday – Friday 10am-6pm, closed 2pm-3pm daily, and closed Saturdays, Sundays and holidays.

With the new Tehachapi Tucker Road Branch and the recent acquisition of the Ridgecrest North Branch, AltaOne now has 13 locations across Kern and Inyo counties.

RIDGECREST, CA — June 7, 2022 — On June 3, 2022, AltaOne Federal Credit Union (AltaOne) completed its acquisition of the Ridgecrest location of Mission Bank. Data and systems conversions were completed over the weekend and the location opened as a branch of the credit union on Monday, June 6, 2022.

AltaOne has retained all Mission Bank employees, and Solomon Rajaratnam, formerly Mission Bank Ridgecrest Manager, has become Director of Member Business Lending for the credit union.

The acquisition increases the credit union’s footprint in the Indian Wells Valley and expands its business banking and lending offerings.

AltaOne CEO, Stephanie Sievers, stated, “Completing the acquisition of the bank branch on June 4th was the culmination of the hard work and dedication of our amazing team at AltaOne. This feels more like a homecoming than a welcoming since we have spent many months planning and awaiting the new members official onboarding as part of our AltaOne family.”

The new branch has been named the Ridgecrest North Branch and is located at 1450 N Norma St, Ridgecrest CA 93555. The full-service branch is open Monday – Friday, 9am-5pm, includes Drive-Up Teller service, an ATM and a Night Depository.

With the acquisition complete, this brings AltaOne’s number of branches to 12 with 3 branches in the Indian Wells Valley plus 9 other branches across Kern and Inyo counties.

RIDGECREST, CA— June 2, 2022 — On May 31, 2022, the U.S. Department of the Treasury certified AltaOne Federal Credit Union (AltaOne) as a Community Development Financial Institution (CDFI), a designation held by less than 1,300 financial institutions nationwide and less than 150 in California. AltaOne is the only CDFI headquartered in Kern County, California.

CDFIs are financial institutions that have a history of creating opportunities and access to financial services while providing capital in low-income, disadvantaged communities. The goal is to create jobs, build homes and improve the lives of those who reside there.

The CDFI certification will allow AltaOne to receive grants from the Community Development Financial Institutions Fund. Grants from the fund will enable AltaOne to further its mission of serving communities in areas that have limited or no availability to financial services.

AltaOne’s CEO, Stephanie Sievers, said, “We are honored to be recognized by the U.S. Department of the Treasury for our dedication in serving our members. We proudly accept this designation, and we will continue to provide needed financial services, educational opportunities, and affordable lending in our communities. We are grateful to have been a resource to so many, and as we celebrate our 75th anniversary we want to thank all our members, they are the reason why we exist.”

For fiscal year 2022, Congress appropriated $214.5 million for the CDFI Fund, and is expected to appropriate $331,420 million for fiscal year 2023.

AltaOne’s CDFI certification is for an Investment Area and Low-Income Target Population in Kern, Inyo, San Bernardino, Mono, Los Angeles, Tulare and Orange counties in California, Clark County in Nevada, and Mohave County in Arizona.

RIDGECREST, CA — May 9, 2022 — AltaOne Federal Credit Union (AltaOne) recently held its 75th Annual Member Meeting on May 7, 2022 at the Kerr McGee Center in Ridgecrest.

The meeting celebrated AltaOne’s 75th Anniversary and featured reports by Norman Alexander, Board Chair and Stephanie Sievers, CEO and a special 75th Anniversary video, featuring former CEO Bob Boland and US Congressman Kevin McCarthy was also presented.

Treasurer Elaine Janson reported that in 2021 AltaOne’s deposits had increased $50.9 million, assets rose $51.3 million, and net income was $1.3 million.

Jay Chun, Supervisory Committee Chair, informed the membership that the CPA firm of Carroll & Associates audited the financial statements and found them to be fairly represented.

Ms. Sievers spoke about AltaOne’s 2022 outlook and new, expanded services and product offerings. “We are adding products, services, and locations to make our member’s lives easier so they may bank where, when and how they want.”, said Sievers.

As previously announced, AltaOne is in the process of acquiring Mission Bank’s Ridgecrest Business Banking Center and opening a new stand-alone branch in Tehachapi, at a location vacated by Union Bank. “We are retaining banking options in our communities while others are leaving.”, stated Alexander. “Adding and keeping an established business banking branch in Ridgecrest will enable us to better serve our community.” Both branches are expected open in June 2022.

AltaOne will be joining Co-Op Shared Branching and ATM Networks this fall. This will add 30,000 surcharge free ATMs to AltaOne’s existing ATM network and will provide over 5,600 physical branch locations for members to perform over-the-counter transactions. Now members will have banking access in all 50 states.

Sievers also mentioned that AltaOne is expanding their products and services by adding ACH services; multiple business checking options; a Treasury Management Suite; SBA lending; ITIN and Home Equity loans; as well as Zogo, an app based, gamified financial literacy program that rewards users with gift cards to national retailers.

Don Cortichiato, Nominating Committee Chair, reported that the committee was recommending Shirley Kennedy be re-elected to the board, as well as two new board members, Kelley Vorpahl and Tim Jacobs. With no other candidates nominated by petition, following Cortichiato’s presentation, Board Chair Alexander declared Kennedy, Vorpahl and Jacobs elected.

The Annual Meeting was followed by raffles, children’s games, bingo and lunch.

BAKERSFIELD, CA — April 29, 2022 — AltaOne Federal Credit Union’s Bakersfield Ming Branch will be hosting a Cinco de Mayo celebration on Tuesday, May 2, 2022.

The public is invited to come celebrate Cinco de Mayo on Taco Tuesday. The celebration will start at 6pm and end at 8pm.

Scheduled entertainment includes performances by Ballet Folklorico Huaztecalli and the Mira Monte High School Mariachi Club.

In addition to the entertainment, there will be face painting, games, and other family activities.

Juan Villalobos, Bakersfield Ming Branch Manager, stated, “We are so excited to host this for our community! As a special gift, the first 250 guests will receive 2 free tacos! There will be fun and games, and great entertainment.”

TEHACHAPI, CA — March 8, 2022 — AltaOne Federal Credit Union will be expanding to better serve the Tehachapi area, by adding a new branch location.

Located at 665 Tucker Road, in the Orchard Center, the new 3,815 square foot branch will offer consumer banking and lending, business banking and lending, real estate lending, wealth management and be adding night depository, safe deposit box and drive-up teller

services. A conference room will also be available for community groups to use. The branch is expected to open in June 2022.

Jessica Davidson, Tehachapi Branch Manager, stated, “The Tehachapi team is beyond excited to open our new branch to better serve our members and community. Members have requested night deposit, safe deposit boxes and drive-up teller service many times over the years. Now we will be able to provide those, along with our other products and services, to the community.”

The Tehachapi Albertsons Instore Branch, located at 775 Tucker Road, will remain open.

BAKERSFIELD and RIDGECREST, CA — December 17, 2021 — Mission Bancorp (“Mission” or “the Company”), (OTC Pink: MSBC), a bank holding company and parent of Mission Bank (Bank), and AltaOne Federal Credit Union (AltaOne) announced that Mission Bank and AltaOne have entered into an agreement to purchase the loans and assume the deposits of Mission Bank’s Business Banking Center located at 1450 North Norma, Ridgecrest, California 93555. The agreement also states that AltaOne will purchase the facility and accompanying assets, as well as certain other assets and liabilities associated with the loans, deposits, facilities and employees of the Business Banking Center. As of September 30, 2021, Mission Bank’s Ridgecrest Business Banking Center had approximately $24 million of loans and $34 million of total deposits. The sale and assumption are anticipated to be completed during the second quarter of 2022 and is subject to regulatory approval.

“Ridgecrest is a special place driven by passionate people dedicated to growing a prosperous community. Our decision to exit the community was difficult, but ultimately one we believe is best for all the stakeholders. AltaOne and Stephanie Sievers, along with Solomon Rajaratnam can deliver the business banking services needed to support and foster continued economic expansion. Although we will no longer have a location in Ridgecrest, Mission Bank will always be a supporter and we wish everyone continued success.” said A.J. Antongiovanni, President and Chief Executive Officer of Mission Bank.

Stephanie Sievers, Chief Executive Officer of AltaOne FCU stated that, “AltaOne was chartered here, in Ridgecrest, in 1947. Next year will be our 75th year anniversary, and there is no better way to show our love and continued support of our hometown than to continue to invest in the city where we were founded. Supporting our business community is essential to supporting all our residents. We are honored to serve the community, continue the legacy created by Mission Bank, and excited to be working with Solomon and his wonderful team in what will become our third location in Ridgecrest.”

Mission Bank Vice President and Business Banking Center Manager, Solomon Rajaratnam stated “I’m grateful for my time working with Mission Bank and AJ, and I’m excited to be a part of AltaOne going forward. We will continue to support the business community in the best possible way.”

Mission Bancorp is the parent holding company of four wholly owned subsidiaries, Mission Bank, Mission 1031 Exchange, LLC, Mission Community Development, LLC, and Nosbig 88, Inc. Mission Bancorp is headquartered in Bakersfield, California and has nine Business Banking Centers, serving the greater areas of Bakersfield, Lancaster, Mojave, Ridgecrest, San Luis Obispo, Stockton and Ventura, California.

AltaOne Federal Credit Union is a federally chartered credit union headquartered in Ridgecrest, California. Organized in 1947 at China Lake. AltaOne’s field of membership includes Kern, Inyo and Mono Counties, as well as select communities in northern San Bernardino County. Branches are located in Ridgecrest, China Lake, Bakersfield, Bishop, Boron, California City, Kernville, Lake Isabella, Lone Pine and Tehachapi.

Certain statements contained herein are not based on historical facts and are "forward-looking statements” within the meaning of Section 21A of the Securities Exchange Act of 1934. Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms. Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial assets, and the availability of and costs associated with sources of liquidity. The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise.

RIDGECREST, CA — May 24, 2021 — The Board of Directors of AltaOne Federal Credit Union ($737 Million in assets) has named Stephanie Sievers as the next President and CEO of the organization. On June 1st, Stephanie succeeds Denise Mattice who has been serving as the Acting CEO. Denise will remain with the credit union in her role as Chief Operations Officer.

Stephanie, who has worked within the industry for over a decade, was most recently the CEO of Star of Texas Credit Union in Austin, Texas and has served as the District 3, Class A Director for the Credit Union National Association (CUNA) among other extensive industry involvement.

Board Chair, Norman Alexander said, “The Board is excited to have Stephanie as the next leader of AltaOne Federal Credit Union. We believe that her industry knowledge, passion for the community and strategic background will benefit all stakeholders of AltaOne Federal Credit Union.”

In looking forward to her tenure with the credit union, Ms. Sievers said, “AltaOne is a family and community focused credit union, founded to provide financial services to the military and civilian men and women who were working in the early years of China Lake’s history. I am excited to be part of the community and continue the legacy of service above self.”