Featured Savings Rates
Featured Accounts
Overview / Commentary
607-273-4611
125 N Fulton St
Ithaca, NY 14850-3301

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

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

Health Grade Components

Overall
NCUA #23283
Year Chartered1978
Employees44
Primary Regulator
Profit Margin
Return on Assets - YTD0.49%
Return on Equity - YTD6.98%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$103.7MM$101.2MM
LoansQ4 2017vs Q4 2016$76.4MM$73.8MM
DepositsQ4 2017vs Q4 2016$92.4MM$89.4MM
Equity CapitalQ4 2017vs Q4 2016$7.2MM$6.8MM
Secondary CapitalQ4 2017vs Q4 2016$1,000.00K
Loan Loss AllowanceQ4 2017vs Q4 2016$458.00K$339.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$944.00K$795.00K
Real Estate OwnedQ4 2017vs Q4 2016$29.00K$307.00K
Rates

Rates for Alternatives Federal Credit Union are currently being reviewed.

Locations


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 feedback@depositaccounts.com 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.