Alternatives Federal Credit Union

Overview / Commentary
125 N Fulton St
Ithaca, NY 14850

Alternatives Federal Credit Union is headquartered in Ithaca and is the 69th largest credit union in the state of New York. It is also the 1,517th largest credit union in the nation. It was established in 1978 and as of March of 2020, it had grown to 51 employees and 10,971 members at 1 location. Alternatives Federal Credit Union has a C+ 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: |

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 - YTD0.03%
Return on Equity - YTD0.5%
Annual Interest Income$1.2MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$118.6MM$111.0MM
LoansQ1 2020vs Q1 2019$95.7MM$90.9MM
DepositsQ1 2020vs Q1 2019$106.9MM$99.3MM
Equity CapitalQ1 2020vs Q1 2019$8.0MM$7.9MM
Secondary CapitalQ1 2020vs Q1 2019$1.2MM
Loan Loss AllowanceQ1 2020vs Q1 2019$528.00K$529.00K
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.7MM$1.3MM
Real Estate OwnedQ1 2020vs Q1 2019$205.00K$0
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Alternatives Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* 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

0.25%*$20k*-IRA Savings
OTHER TIERS: 0.10% $5 - $20k
0.15%$1-Youth Savings
0.10%*$20k*-Regular Share Savings
OTHER TIERS: 0.05% $5 - $20k
0.10%*$20k*-Single HSA Checking Account
OTHER TIERS: 0.01% $5 - $10k | 0.05% $10k - $20k
0.10%*$20k*-Family HSA Checking Account
OTHER TIERS: 0.01% $5 - $10k | 0.05% $10k - $20k
0.10%*$20k*-Other Regular 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

10.00%$200$50012 Month Free Tax Prep Savings CD
1.92%$500-60 Month Share Certificate
1.51%$500-48 Month Share Certificate
1.31%$500-36 Month Share Certificate
1.05%$500-24 Month Share Certificate
0.80%$500-12 Month Share Certificate
0.55%$500-6 Month Share Certificate
0.55%$100-12 Month Savers Club CD
0.55%$100-12 Month Homebuyers Club CD
0.55%$25-12 Month Lucky Savers CD
0.30%$500-3 Month Share Certificate

Alternatives Federal Credit Union IRA Rates

1.92%$500-60 Month IRA
1.51%$500-48 Month IRA
1.31%$500-36 Month IRA
1.05%$500-24 Month IRA
0.80%$500-12 Month IRA
0.50%$500-6 Month IRA
0.30%$500-3 Month IRA

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.