Alco Federal Credit Union


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

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.

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.
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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 - YTD1.57%
Return on Equity - YTD12.03%
Annual Interest Income$388.00K
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$46.3MM$43.4MM
LoansQ1 2022vs Q1 2021$22.8MM$20.9MM
DepositsQ1 2022vs Q1 2021$40.3MM$37.9MM
Equity CapitalQ1 2022vs Q1 2021$5.9MM$5.4MM
Loan Loss AllowanceQ1 2022vs Q1 2021$44.00K$78.00K
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$79.00K$90.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates
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Alco Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.65%$500-IRA Shares
0.25%$100-Shares
0.25%$100-Christmas Club
0.25%$100-Vacation Club

Alco Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%$2.5k-Money Market

Alco Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-12 Month Share Certificate
0.50%$500-6 Month Share Certificate

Alco Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$500-36 Month IRA
0.75%$500-12 Month IRA
Locations


Alco Federal Credit Union Locations
Branch Office2859 Lindy LnWellsville, NY 14895-9337
Branch Office25 W Main StFriendship, NY 14739
Branch Office32 Greenwich StBelmont, NY 14813
Branch Office24 E Main StCuba, NY 14727

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