Alternatives Federal Credit Union
Alternatives Federal Credit Union is headquartered in Ithaca and is the 73rd largest credit union in the state of New York. It is also the 1,563rd largest credit union in the nation. It was established in 1978 and as of December of 2017, it had grown to 44 employees and 10,109 members at 1 location. Alternatives Federal Credit Union 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
Great Local Federal Credit Union With Great Service
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.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 23283 |
| Year Chartered | 1978 |
| Employees | 44 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 6.98% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $103.7MM$101.2MM |
| Loans | Q4 2017vs Q4 2016 | $76.4MM$73.8MM |
| Deposits | Q4 2017vs Q4 2016 | $92.4MM$89.4MM |
| Equity Capital | Q4 2017vs Q4 2016 | $7.2MM$6.8MM |
| Secondary Capital | Q4 2017vs Q4 2016 | $1,000.00K |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $458.00K$339.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $944.00K$795.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $29.00K$307.00K |
Rates for Alternatives Federal Credit Union are currently being reviewed.
| Alternatives Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 125 N Fulton St | Ithaca, NY 14850-3301 |