In another sign of improving economic health in the hard-hit sand states, the $718 million Altura Credit Union Friday reported nearly $5 million in net income for the first quarter of 2013.

The black ink marks Altura's eighth consecutive quarter of net gains after cutting 35 positions and closing three retail branches in 2009.

The Riverside, Calif., credit union also reported 10.13% net worth, up significantly from 8.10% reported one year ago.

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