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Alternatives Federal Credit Union


Overview / Commentary
www.alternatives.org
607-273-4611
125 N Fulton St
Ithaca, NY 14850

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 1,397th largest credit union in the nation. It was established in 1978 and as of December of 2021, it had grown to 44 employees and 10,789 members at 1 location. Alternatives Federal Credit Union has a B+ 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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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.

2


Health
B+

Data as of Q4 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #23283
Year Chartered1978
Employees44
Primary Regulator
Profit Margin
Return on Assets - YTD2.07%
Return on Equity - YTD30.02%
Annual Interest Income$4.7MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$165.8MM$145.2MM
LoansQ4 2021vs Q4 2020$88.3MM$93.0MM
DepositsQ4 2021vs Q4 2020$151.3MM$134.3MM
Equity CapitalQ4 2021vs Q4 2020$11.4MM$8.2MM
Secondary CapitalQ4 2021vs Q4 2020$720.00K
Loan Loss AllowanceQ4 2021vs Q4 2020$966.00K$847.00K
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$1.7MM$1.2MM
Real Estate OwnedQ4 2021vs Q4 2020$0$667.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%*-$100kFree Kasasa Saver
OTHER TIERS: 0.10% → $100k+
0.15%$1-Student Credit Union Youth Savings
0.15%*$20k*-IRA Savings
OTHER TIERS: 0.05% → $5 - $20k
0.05%$100-Club Saving
0.05%$100-Homebuyers Club Account
0.05%*$20k*-Regular Share Savings
OTHER TIERS: 0.01% → $5 - $20k
0.05%$25-Lucky Savers

Alternatives Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$20kFree Kasasa Cash Checking
OTHER TIERS: 0.10% → $20k+
0.05%*$20k*-Basic Checking
OTHER TIERS: 0.01% → $5 - $20k

Alternatives Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-60 Month Share Certificate
0.05%$500-36 Month Share Certificate
0.05%$500-24 Month Share Certificate
0.05%$500-12 Month Share Certificate
0.05%$500-6 Month Share Certificate
0.05%$500-3 Month Share Certificate
0.05%$500-48 Month Share Certificate

Alternatives Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-24 Month IRA
0.05%$500-36 Month IRA
0.05%$500-60 Month IRA
0.05%$500-12 Month IRA
0.05%$500-6 Month IRA
0.05%$500-3 Month IRA
0.05%$500-48 Month IRA
Locations


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

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