Alternatives Federal Credit Union is headquartered in Ithaca and is the 63rd largest credit union in the state of New York. It is also the 1,431st largest credit union in the nation. It was established in 1978 and as of September of 2020, it had grown to 48 employees and 1,098 members at 1 location. Alternatives Federal Credit Union has a C+ health rating.
Membership in Alternatives Federal Credit Union is open to those who live in the New York counties of Cayuga, Chemung, Cortland, Seneca, Schuyler, Tioga, or Tompkins.
See current membership details
My husband and I opened accounts with Alternatives just after our wedding, and the workers there made the process so easy for us. I had changed my last name and they talked me through the process to open the new accounts, which was much easier than expected. We also met with a representative to discuss buying a house in the future, and they were very patient with us (as beginners in the home-buying process). I do wish there were more ATMs around town, as it's not always easy to get to the main branch. I also like that Alternatives seeks to provide service to the community through its programming (the Money Wise program, free tax preparation, etc). Overall, I'm happy we found a credit union that cares about its members and the community.
Overall | |
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NCUA # | 23283 |
Year Chartered | 1978 |
Employees | 48 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.3% |
Return on Equity - YTD | 5.11% |
Annual Interest Income | $3.6MM |
Assets and Liabilities | ||
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Assets | Q3 2020vs Q3 2019 | $141.5MM$114.2MM |
Loans | Q3 2020vs Q3 2019 | $96.7MM$94.6MM |
Deposits | Q3 2020vs Q3 2019 | $130.2MM$102.0MM |
Equity Capital | Q3 2020vs Q3 2019 | $8.3MM$8.0MM |
Secondary Capital | Q3 2020vs Q3 2019 | $860.00K |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $898.00K$555.00K |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.8MM$1.2MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $205.00K$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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3.00%* | - | $20k | Free Kasasa Cash Checking | ||
OTHER TIERS: 0.10% → $20k+ | |||||
0.05%* | $20k* | - | Basic Checking | ||
OTHER TIERS: 0.01% → $5 - $20k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.30% | $500 | - | 60 Month IRA | |
0.25% | $500 | - | 48 Month IRA | |
0.20% | $500 | - | 36 Month IRA | |
0.15% | $500 | - | 24 Month IRA | |
0.15% | $500 | - | 12 Month IRA | |
0.10% | $500 | - | 6 Month IRA | |
0.05% | $500 | - | 3 Month IRA |
Alternatives Federal Credit Union Locations | ||
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Branch Office | 125 N Fulton St | Ithaca, NY 14850-3301 |