Overview / Commentary
125 N Fulton St
Ithaca, NY 14850-3301

Alternatives Federal Credit Union is headquartered in Ithaca and is the 72nd largest credit union in the state of New York. It is also the 1,558th largest credit union in the nation. It was established in 1978 and as of September of 2018, it had grown to 47 employees and 10,314 members at 1 location. Alternatives Federal Credit Union's CD rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

Must live in Ithaca, Tompkins or adjacent counties (Cayuga, Chemung, Cortland, Seneca, Schuyler or Tioga).
See current membership details

Reviews (1)

Great Local Federal Credit Union With Great Service

Posted by: HayKeys | May 12, 2016

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.


Health Grade Components

NCUA #23283
Year Chartered1978
Primary Regulator
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD10.29%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$107.4MM$102.2MM
LoansQ3 2018vs Q3 2017$84.6MM$78.6MM
DepositsQ3 2018vs Q3 2017$95.3MM$90.8MM
Equity CapitalQ3 2018vs Q3 2017$7.8MM$7.1MM
Secondary CapitalQ3 2018vs Q3 2017$940.00K
Loan Loss AllowanceQ3 2018vs Q3 2017$482.00K$434.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.3MM$903.00K
Real Estate OwnedQ3 2018vs Q3 2017$15.00K$29.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Alternatives Federal Credit Union Savings Account Rates

0.50%$100-Club Account
0.50%$100-Homebuyers Club Account
0.50%$25-Lucky Savers
0.25%*$20k*-IRA Savings
OTHER TIERS: 0.10% $5 - $20k
0.15%$1-Student Credit Union Youth Savings
0.10%*$20k*-Regular Share Savings
OTHER TIERS: 0.05% $5 - $20k

Alternatives Federal Credit Union Checking Account Rates

0.10%*$20k*-Share Draft
OTHER TIERS: 0.01% $5 - $10k | 0.05% $10k - $20k

Alternatives Federal Credit Union CD Rates

3.00%$500-36 Month Share Certificate
2.70%$500-24 Month Share Certificate
2.45%$500-12 Month Share Certificate
1.36%$500-60 Month Share Certificate
1.11%$500-48 Month Share Certificate
0.50%$25-12 Month Lucky Savers CD
0.25%$5k-6 Month Share Certificate
0.20%$5k-3 Month Share Certificate

Alternatives Federal Credit Union IRA Rates

3.00%$500-36 Month IRA
2.70%$500-24 Month IRA
2.45%$2.5k-12 Month IRA
1.36%$500-60 Month IRA
1.11%--48 Month IRA
0.25%$5k-6 Month IRA
0.20%$5k-3 Month IRA

Alternatives Federal Credit Union Locations
Branch Office125 N Fulton StIthaca, NY 14850-3301

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