Alco Federal Credit Union
LOCATIONS
4
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HEALTH RATING
B+
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CURRENT TOP RATE
0.65% APY
12 Month IRA (Traditional, Roth)
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Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.50% | 1-year CD | 12 Month Share Certificate 1.05% - Ally Bank High Yield 12-Month CD |
| 0.20% | Savings | Shares 1.00% - Ally Bank Online Savings Account |
| 0.30% | Money Market | Money Market 0.85% - Ally Bank Money Market Account |
Overview / Commentary
Alco Federal Credit Union is headquartered in Wellsville and is the 161st largest credit union in the state of New York. It is also the 3,080th largest credit union in the nation. It was established in 1953 and as of June of 2016, it had grown to 18 employees and 5,705 members at 4 locations. Alco Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, worship, attend school or work in, and businesses and legal entities located in Allegany County, New York.
See current membership details
Health
B+
Data as of Q2 2016
Learn more about bank healthAdditional 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
| Overall | |
|---|---|
| NCUA # | 8975 |
| Year Chartered | 1953 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 5.78% |
| Annual Interest Income | $525.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $26.8MM$26.1MM |
| Loans | Q2 2016vs Q2 2015 | $17.2MM$16.0MM |
| Deposits | Q2 2016vs Q2 2015 | $22.8MM$22.5MM |
| Equity Capital | Q2 2016vs Q2 2015 | $3.8MM$3.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $83.00K$191.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $71.00K$200.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Rates
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Alco Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $500 | - | IRA Shares | |
| 0.20% | $100 | - | Shares | |
| 0.20% | $100 | - | Christmas Club | |
| 0.20% | $100 | - | Vacation Club |
Alco Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | $2,500 | - | Money Market |
Alco Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | $500 | - | 12 Month Share Certificate | |
| 0.40% | $500 | - | 6 Month Share Certificate |
Alco Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.65% | $500 | - | 12 Month IRA | |
| 0.65% | $500 | - | 36 Month IRA |
Locations
| Alco Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2859 Lindy Ln | Wellsville, NY 14895-9337 |
| Branch Office | 9 W Main St | Cuba, NY 14727-1403 |
| Branch Office | 25 W Main St | Friendship, NY 14739 |
| Branch Office | 32 Greenwich St | Belmont, NY 14813 |