Alco Federal Credit Union

Overview / Commentary
2859 Lindy Ln
Wellsville, NY 14895-9337

Alco Federal Credit Union is headquartered in Wellsville and is the 144th largest credit union in the state of New York. It is also the 2,802nd largest credit union in the nation. It was established in 1953 and as of December of 2019, it had grown to 21 employees and 5,538 members at 4 locations. Alco Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Alco Federal Credit Union is open to businesses and other legal entities, and anyone who lives, works, worships, or goes to school in Allegany County. Immediate family are also eligible.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Alco Federal Credit Union has a low asset base.

Health Grade Components

NCUA #8975
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD1.51%
Return on Equity - YTD9.91%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$32.0MM$31.1MM
LoansQ4 2019vs Q4 2018$20.4MM$19.0MM
DepositsQ4 2019vs Q4 2018$27.0MM$26.6MM
Equity CapitalQ4 2019vs Q4 2018$4.9MM$4.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$68.00K$121.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$104.00K$58.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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Alco Federal Credit Union Savings Account Rates

0.50%$500-IRA Shares
0.20%$100-Christmas Club
0.20%$100-Vacation Club

Alco Federal Credit Union Money Market Rates

0.30%$2.5k-Money Market

Alco Federal Credit Union CD Rates

0.75%$500-12 Month Share Certificate
0.50%$500-6 Month Share Certificate

Alco Federal Credit Union IRA Rates

1.50%$500-36 Month IRA
0.65%$500-12 Month IRA

Alco Federal Credit Union Locations
Branch Office2859 Lindy LnWellsville, NY 14895-9337
Branch Office9 W Main StCuba, NY 14727-1403
Branch Office25 W Main StFriendship, NY 14739
Branch Office32 Greenwich StBelmont, NY 14813

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