Alco Federal Credit Union

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

Alco Federal Credit Union is headquartered in Wellsville and is the 148th largest credit union in the state of New York. It is also the 2,837th largest credit union in the nation. It was established in 1953 and as of December of 2018, it had grown to 21 employees and 5,435 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.
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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 - YTD0.79%
Return on Equity - YTD5.62%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$31.1MM$29.2MM
LoansQ4 2018vs Q4 2017$19.0MM$18.4MM
DepositsQ4 2018vs Q4 2017$26.6MM$25.0MM
Equity CapitalQ4 2018vs Q4 2017$4.4MM$4.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$121.00K$118.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$58.00K$244.00K
Real Estate OwnedQ4 2018vs Q4 2017$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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