Alternatives Credit Union

Alternatives Credit Union is headquartered in Ithaca and is the 81^st largest credit union in the state of New York. It is also the 1,772^nd largest credit union in the nation. It was established in 1978 and as of December of 2011, it had grown to 38 employees and 9,381 members. Alternatives Credit Union has a 3-star health rating.

Alternatives Credit Union Checking Account Rates

Alternatives Credit Union Savings Account Rates

Alternatives Credit Union CD Rates

Alternatives Credit Union IRA Rates

Data for Q4 2011

Institution Statistics ALTERNATIVES NCUA # 23283 BankRate Report View Year Chartered 1978 Employees 38 Primary Regulator Assets and Liabilities Assets $72.99 million Loans $47.99 million Deposits $62.07 million Equity Capital $5.53 million Loan Loss Allowance $446,000 Unbacked Noncurrent Loans $865,000 Real Estate Owned $50,000 Historic Data - December 2010 Assets $70.05 million Equity Capital $4.15 million Loan Loss Allowance $419,000 Unbacked Noncurrent Loans $526,000 Real Estate Owned $50,000 Profit Margin - Quarterly Net Interest Margin 5.32% Return on Assets 1.91% Return on Equity 25.14% Interest Income $3.06 million Non-Interest Income $2.58 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Alternatives Credit Union had $915,000 in non-current loans and owned real-estate with $5.98 million in equity and loan loss allowances on hand to cover it. This gives Alternatives Credit Union a Texas Ratio of 15.30% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Alternatives Credit Union held steady from 12.62% as of December 31, 2010 to 15.30% as of December 31, 2011, resulting in a negative change of 21.24%. This indicates that the balance sheet and financial strength for Alternatives Credit Union has held steady in recent periods. Deposit Growth In the past year, Alternatives Credit Union has increased its total deposits by $1.41 million, resulting in 2.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alternatives Credit Union has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alternatives Credit Union has $72.98 million in assets with $5.98 million in equity, resulting in a capitalization level of 8.19%, which is average.

No reviews have been left for this bank yet. Be the first to review.