Altura Credit Union announced that it will cut 35 jobs, closetwo branches and transition a third branch to an electronicbranch.

The $958 million-credit union based in Riverside, Calif. alsoeliminated 27 open positions over the past 12 months, which makesthe total number of eliminated positions 20% of Altura'sworkforce.

"Everyone knows these are tough times," said President/CEO MarkHawkins. "We are adopting a proactive approach to address them.Altura has a 51-year history in this community and we take thisresponsibility very seriously. In order to assure our future is assuccessful as our past, we have had to take some difficult steps toreduce our expenses."

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