Pomona chamber schedules networking lunch

The Pomona Chamber of Commerce’s next networking luncheon is scheduled to take place Wednesday at Coco Palm Restaurant.

Admission will cost $15 for chamber members and $20 for others.

The luncheon is scheduled to begin at 11:30 a.m. Wednesday. Coco Palm Restaurant is at 1600 Fairplex Dr., Pomona.

Information: (909) 622-8484

Dripp “coffee boutique” to open in Chino Hills

Dripp, which calls itself a “coffee boutique” is scheduled to open at Shoppes at Chino Hills on Nov. 15, the company announced.

Dripp is set to do business under the banner of Espresso Republic, which is also based in Chino Hills. The company also sells Turkish coffee under the brand Black Goat.

Shoppes at Chino Hills is at 13855 City Center Dr., Chino Hills.

Big Bear Mountain resorts names new marketing leaders

Big Bear Mountain Resorts, which runs both Snow Summit and Bear Mountain ski resort, has announced new leadership for its marketing department.

Chris Riddle, formerly Big Bear Mountain’s director of marketing, has been promoted to the position of vice president of marketing. Rio Tanbara will now serve as director of marketing.

The company also announced Clayton Shoemaker has been appointed to the position of director of youth marketing and park development.

Local businesses invited to procurement conference

>Small businesses seeking to offer products and services to government agencies and utilities are invited to attend the Inland Empire Procurement Expo.

The event’s schedule also includes workshops on how small businesses can obtain financing and use social media to promote their companies.

The procurement expo is scheduled to take place from 8 a.m. to 12:30 p.m. Nov. 15 at Inland Empire Regional Center, 1365 S. Waterman Ave., San Bernardino.

Information: Call Sheila Futch at the offices of Assemblywoman Wilmer Amina Carter at 909-820-5008.

Altura Credit Union reports $3.37 million profit

Altura Credit Union reported a $3.37 million profit for the quarter ending Sept. 30.

The amount signifies an increase of about $200,000 from the year’s previous quarter and a significant improvement from the Riverside-based credit union’s condition of one year prior.
After the third quarter of 2010, Altura Credit Union reported a $1.5 million loss.

Improved financial conditions have also made it possible for Altura to reduce its loan loss provisions.

“The local unemployment rate has begun to drop. Home foreclosures are down, although we are seeing more ‘short sales’,” Altura CEO Mark Hawkins said in a statement. “People are adjusting to the new economic reality and are focusing on paying down debt. As a result, consumer loan activity remains sluggish. This is an ongoing challenge for all financial institutions, and we are no exception,” he added. “Yet, there is a lot to be positive about right now.”

Altura’s reported capital ratio is 6.89 percent, which the government considers to be adequately capitalized.