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Alco Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.alcofcu.com
585-593-4959
2859 Lindy Ln
Wellsville, NY 14895

Alco Federal Credit Union is headquartered in Wellsville and is the 115th largest credit union in the state of New York. It is also the 2,307th largest credit union in the nation. It was established in 1953 and as of March of 2025, it had grown to 21 employees and 6,749 members at 4 locations. Alco Federal Credit Union's CD rates are 67% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Alco Federal Credit Union is open to businesses and other legal entities, and individuals who live, work, worship, or attends school in the New York counties of Allegany, Cattaraugus, Steuben, or Wyoming, or the Pennsylvania counties of McKean or Potter. Immediate family and household members of membership-eligible individuals are also eligible to join.
See current membership details

Reviews

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Health
A

Data as of Q1 2025

Learn why bank health matters
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 relatively low asset base.

Health Grade Components

Overall
NCUA #8975
Year Chartered1953
Employees21
Primary Regulator
Profit Margin
Return on Assets - YTD1.28%
Return on Equity - YTD10.08%
Annual Interest Income$678K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$58MM$54.9MM
LoansQ1 2025vs Q1 2024$32.5MM$30.8MM
DepositsQ1 2025vs Q1 2024$50.6MM$48.1MM
Equity CapitalQ1 2025vs Q1 2024$7.2MM$6.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$139K$148K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$321K$149K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/15/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Alco Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%$100-Shares
0.25%$100-Christmas Club
0.25%$100-Vacation Club

Alco Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$2.5k-Money Market

Alco Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.85%$500$10k7 Month Share Certificate Special
3.25%$500-15 Month Share Certificate Special
1.50%$500-12 Month Share Certificate
1.00%$500-6 Month Share Certificate

Alco Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-36 Month IRA
1.25%$500-12 Month IRA
0.65%$500-IRA Shares
Locations


Alco Federal Credit Union Locations
Branch Office2859 Lindy LnWellsville, NY 14895-9337
Branch Office25 W Main StFriendship, NY 14739
Branch Office32 Greenwich StBelmont, NY 14813
Branch Office24 E Main StCuba, NY 14727

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