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Overview / Commentary
585-593-4959
2859 Lindy Ln
Wellsville, NY 14895-9337

Alco Federal Credit Union is headquartered in Wellsville and is the 158th largest credit union in the state of New York. It is also the 3,025th largest credit union in the nation. It was established in 1953 and as of December of 2016, it had grown to 18 employees and 5,731 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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Health
B+
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

Overall
NCUA #8975
Year Chartered1953
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD5.43%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$27.8MM$26.3MM
LoansQ4 2016vs Q4 2015$18.0MM$17.0MM
DepositsQ4 2016vs Q4 2015$23.8MM$22.5MM
Equity CapitalQ4 2016vs Q4 2015$3.9MM$3.7MM
Loan Loss AllowanceQ4 2016vs Q4 2015$65.00K$98.00K
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$186.00K$151.00K
Real Estate OwnedQ4 2016vs Q4 2015$0$0
Rates
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Alco Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$2,500-Money Market

Alco Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$500-12 Month Share Certificate
0.40%$500-6 Month Share Certificate

Alco Federal Credit Union IRA Rates

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


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