Institutions Altra Federal Credit Union

Does Altra Federal Credit Union Use ChexSystems? Is it Good for Bad Credit?

Considering Altra Federal Credit Union or already applying for its account? Find out whether Altra Federal Credit Union uses ChexSystems and offers a second chance checking or savings account.

You walk into your local bank branch and sit down with your bank representative to talk about opening a checking account. Maybe you’ve been through some financial difficulties in the past, but you are ready to get back on track. But maybe not. You may think your financials are in good shape.

You wait with bated breath through the application process, only to let it out in a sigh of disappointment.

The banking representative turns to you and says, “I’m sorry, but we can’t open an account for you right now. You were rejected by ChexSystems.”

At that point, the banker probably explained ChexSystems to you in detail. If you haven't already, you can read our in-depth guide to ChexSystems and ChexSystems removal, and why it may be having a negative impact on your financial life.

Denials like these are surprisingly common. In fact, CNN has reported that approximately 15% of bank applicants are denied regular bank accounts.

Altra Federal Credit Union

Several members of our community have reported that Altra Federal Credit Union DOES use ChexSystems but you can still qualify for an account if you don't owe any money to the bank. A second chance checking or savings account is another option to consider. Check out their financial products below and visit the official website to learn more.


Method of Verification ChexSystems and a Credit Report
Official Response (Email or Phone)

As long as the listing on ChexSystems is 6 months or older and showing paid you would be able to open an account. We have a 6 month trial basis with no NSF activity and we wait that 6 months before ordering a check/debit card for the member.

Top Banks That Don’t Use ChexSystems

Below you will find banks that don’t use ChexSystems as an alternative to Altra Federal Credit Union in any step of the process. You can be sure that these banks won’t ever cross reference your records before deciding whether to let you open an account.

The list is suggested by our readers. Please consider the Unchex editor's curated list of banks that don't use ChexSystems for all the banking options available nationwide.

Editor's Choice


Chime is a fast-growing internet-only bank. Unlike big banks, Chime was created during the smartphone era and, therefore, features an app that is more than just a way for customers to review their bank accounts.

Features and Benefits:

  • Free Visa® debit card
  • Free online banking and mobile banking/deposits
  • No monthly account balance minimums

Why is it recommended for you?

Chime accepts all customers who apply. Even if you have bad or poor credit or have been blacklisted by ChexSystems or credit bureaus.

Apply Now

The Basics

Main Office 1700 Oak Forest Dr Onalaska, WI 54650
Deposit Insurance NCUA
Established On -
CEO Jack Peplinski
Headquarter Wisconsin
Number of Members 83,818
Community Bank -
Institution Class Federal Credit Union - Multiple common bond - primarily machinery
Institution Type Credit Union
Credit Union Programs Approved Mortgage Seller, Mortgage Processing
Low Income Designation Yes
Member of FHLB Yes
Total Assets $1,036,331,897
Asset Concentration -
Charter Number 24077
Routing Number 291881216
Membership Eligibility It's easier than ever to become an Altra member!
Please visit for complete details.

Services & Products

Accounts Offered -
Electronic Services e-Statements, Merchant Processing Svs, Share Draft Orders, Download Account History, Account Aggregation, Bill Payment, View Account History, Account Balance Inquiry, Member Application, Electronic Signature Auth./Cert., External Account Transfers, Remote Deposit Capture, Share Account Transfers, New Share Account, New Loan, Loan Payments, Electronic Cash, Mobile Payments
Access to Electronic Services Home Banking via Internet Website, Mobile Banking, Audio Response/Phone Based, Automatic Teller Machine (ATM)
Services & Products: Credit Debt Cancellation/Suspension, Participation Loans, Real Estate Loans, Overdraft Protection/ Courtesy Pay, Indirect Business Loans, Interest Only or Pymt Option, Indirect Consumer Loans, Micro Consumer Loans, Risk Based Loans, Credit Builder, Micro Business Loans, Business Loans, Overdraft Lines of Credit
Services & Products: Depository No Cost Share Drafts, Share Certificates with low minimum balance requirement, Business Share Accounts, Health Savings Accounts
Services & Products: Financial Education Financial Education, Financial Literacy Workshops, First Time Homebuyer Program, In-School Branches, Financial Counseling
Services & Products: Other Insurance/Investment Sales, No Cost Bill Payer, Bilingual Services
Services & Products: Transactional ATM/Debit Card Program, Prepaid Debit Cards, No surcharge ATMs