Alternatives Federal Credit Union

Overview / Commentary
125 N Fulton St
Ithaca, NY 14850

Alternatives Federal Credit Union is headquartered in Ithaca and is the 59th largest credit union in the state of New York. It is also the 1,400th largest credit union in the nation. It was established in 1978 and as of September of 2022, it had grown to 47 employees and 10,619 members at 1 location. Alternatives Federal Credit Union has a C health rating.

Field of Membership Restrictions

Membership in Alternatives Federal Credit Union is open to those who live in the New York counties of Cayuga, Chemung, Cortland, Seneca, Schuyler, Steuben, Tioga, or Tompkins.
See current membership details

Reviews (1)

Great Local Federal Credit Union With Great Service

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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 - YTD0.31%
Return on Equity - YTD5.22%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$167.4MM$163.8MM
LoansQ3 2022vs Q3 2021$87.3MM$92.3MM
DepositsQ3 2022vs Q3 2021$148.8MM$149.1MM
Equity CapitalQ3 2022vs Q3 2021$10.2MM$11.5MM
Loan Loss AllowanceQ3 2022vs Q3 2021$737.00K$931.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$2.3MM$1.5MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0

Rates for Alternatives Federal Credit Union are currently being reviewed.


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

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