Alternatives Federal Credit Union
Alternatives Federal Credit Union is headquartered in Ithaca and is the 60th largest credit union in the state of New York. It is also the 1,385th largest credit union in the nation. It was established in 1978 and as of June of 2024, it had grown to 57 employees and 13,447 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
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Don't Let All Of The Hype FOOL You!
I CLOSED Both of my accounts because their "Manager" was RUDE to me and refused to accept my rolled coin for deposit. I took my business elsewhere and I'm Glad I did.
There are Much Better banks in Ithaca!
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 23283 |
| Year Chartered | 1978 |
| Employees | 57 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.77% |
| Return on Equity - YTD | 10.79% |
| Annual Interest Income | $3.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $168.3MM$159.1MM |
| Loans | Q2 2024vs Q2 2023 | $99.4MM$88MM |
| Deposits | Q2 2024vs Q2 2023 | $148.9MM$140MM |
| Equity Capital | Q2 2024vs Q2 2023 | $11.3MM$10.1MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1.4MM$1MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $4.8MM$2.9MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $205K$97K |