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State-Issued Warrants AcceptedJuly 7, 2009; Ridgecrest, CA � AltaOne announces that as a service to their members, California State-issued warrants will be negotiated; in other words, cashed similar to checks. The California State Controller announced that, beginning July 2, the State will be issuing registered warrants (i.e., �IOUs�) in lieu of checks for certain payments.
�AltaOne will treat these warrants like checks, to the best of our ability,� said Robert M. Boland, AltaOne President/CEO. �We have a long tradition of providing uninterrupted service to our members.� He further stated AltaOne also honored such IOUs in 1992, the last time the State of California had to issue the promise-to-pay notes and will do this once more, as a courtesy to our members.
AltaOne Federal Credit Union has been a safe and sound financial services provider since its inception in 1947 as the NOTS Employees Federal Credit Union. With over 47,000 members and $500 million in assets today, AltaOne Federal Credit Union provides a full range of financial services. Membership in AltaOne Federal Credit Union is available to people who live, work, worship, volunteer or attend school in Kern, Inyo, Mono, and Northern San Bernardino Counties.
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