Alternatives Federal Credit Union

Overview / Commentary
125 N Fulton St
Ithaca, NY 14850

Alternatives Federal Credit Union is headquartered in Ithaca and is the 59th largest credit union in the state of New York. It is also the 1,381st largest credit union in the nation. It was established in 1978 and as of June of 2022, it had grown to 47 employees and 10,688 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

Reviews (1)

Great Local Federal Credit Union With Great Service

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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 - YTD0.31%
Return on Equity - YTD4.92%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$171.5MM$164.1MM
LoansQ2 2022vs Q2 2021$80.3MM$98.2MM
DepositsQ2 2022vs Q2 2021$152.4MM$150.0MM
Equity CapitalQ2 2022vs Q2 2021$10.6MM$11.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$745.00K$947.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.6MM$1.8MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
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* 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

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

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

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

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

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

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