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 1,546th largest credit union in the nation. It was established in 1978 and as of March of 2019, it had grown to 48 employees and 10,598 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 Q1 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 23283 |
| Year Chartered | 1978 |
| Employees | 48 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.14% |
| Return on Equity - YTD | 1.98% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $111.0MM$106.0MM |
| Loans | Q1 2019vs Q1 2018 | $90.9MM$81.3MM |
| Deposits | Q1 2019vs Q1 2018 | $99.3MM$93.9MM |
| Equity Capital | Q1 2019vs Q1 2018 | $7.9MM$7.5MM |
| Secondary Capital | Q1 2019vs Q1 2018 | $940.00K |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $529.00K$447.00K |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $1.3MM$536.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $0$29.00K |
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
Alternatives Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $20k* | - | Share Draft | ||
| OTHER TIERS: 0.01% → $5 - $10k | 0.05% → $10k - $20k | |||||
Alternatives Federal Credit Union CD Rates
Alternatives Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.92% | $500 | - | 60 Month IRA | |
| 1.46% | $500 | - | 48 Month IRA | |
| 1.26% | $500 | - | 36 Month IRA | |
| 1.00% | $500 | - | 24 Month IRA | |
| 0.75% | $500 | - | 12 Month IRA | |
| 0.50% | $500 | - | 6 Month IRA | |
| 0.30% | $500 | - | 3 Month IRA |
| Alternatives Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 125 N Fulton St | Ithaca, NY 14850-3301 |