Alco Federal Credit Union is headquartered in Wellsville and is the 135th largest credit union in the state of New York. It is also the 2,596th largest credit union in the nation. It was established in 1953 and as of March of 2022, it had grown to 18 employees and 6,008 members at 4 locations. Alco Federal Credit Union has a B+ health rating.
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
Overall | |
---|---|
NCUA # | 8975 |
Year Chartered | 1953 |
Employees | 18 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 1.57% |
Return on Equity - YTD | 12.03% |
Annual Interest Income | $388.00K |
Assets and Liabilities | ||
---|---|---|
Assets | Q1 2022vs Q1 2021 | $46.3MM$43.4MM |
Loans | Q1 2022vs Q1 2021 | $22.8MM$20.9MM |
Deposits | Q1 2022vs Q1 2021 | $40.3MM$37.9MM |
Equity Capital | Q1 2022vs Q1 2021 | $5.9MM$5.4MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $44.00K$78.00K |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $79.00K$90.00K |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Alco Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.65% | $500 | - | IRA Shares | |
0.25% | $100 | - | Shares | |
0.25% | $100 | - | Christmas Club | |
0.25% | $100 | - | Vacation Club |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.35% | $2.5k | - | Money Market |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.75% | $500 | - | 12 Month Share Certificate | |
0.50% | $500 | - | 6 Month Share Certificate |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.50% | $500 | - | 36 Month IRA | |
0.75% | $500 | - | 12 Month IRA |
Alco Federal Credit Union Locations | ||
---|---|---|
Branch Office | 2859 Lindy Ln | Wellsville, NY 14895-9337 |
Branch Office | 25 W Main St | Friendship, NY 14739 |
Branch Office | 32 Greenwich St | Belmont, NY 14813 |
Branch Office | 24 E Main St | Cuba, NY 14727 |