Overview / Commentary
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.
See current membership details
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional 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 | 21 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.51% |
| Return on Equity - YTD | 9.91% |
| Annual Interest Income | $1.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $32.0MM$31.1MM |
| Loans | Q4 2019vs Q4 2018 | $20.4MM$19.0MM |
| Deposits | Q4 2019vs Q4 2018 | $27.0MM$26.6MM |
| Equity Capital | Q4 2019vs Q4 2018 | $4.9MM$4.4MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $68.00K$121.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $104.00K$58.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |