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Alternatives Federal Credit Union


Overview / Commentary
www.alternatives.org
607-273-4611
125 N Fulton St
Ithaca, NY 14850-3301

Alternatives Federal Credit Union is headquartered in Ithaca and is the 67th largest credit union in the state of New York. It is also the 1,517th largest credit union in the nation. It was established in 1978 and as of December of 2019, it had grown to 50 employees and 10,959 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: |

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 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #23283
Year Chartered1978
Employees50
Primary Regulator
Profit Margin
Return on Assets - YTD0.11%
Return on Equity - YTD1.58%
Annual Interest Income$4.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$115.6MM$109.5MM
LoansQ4 2019vs Q4 2018$96.3MM$88.8MM
DepositsQ4 2019vs Q4 2018$103.4MM$97.6MM
Equity CapitalQ4 2019vs Q4 2018$8.0MM$7.8MM
Secondary CapitalQ4 2019vs Q4 2018$1.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$514.00K$528.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.7MM$1.2MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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
0.25%*$20k*-IRA Savings
OTHER TIERS: 0.10% → $5 - $20k
0.15%$1-Youth Savings
0.10%*$20k*-Regular Share Savings
OTHER TIERS: 0.05% → $5 - $20k
0.10%*$20k*-Single HSA Checking Account
OTHER TIERS: 0.01% → $5 - $10k | 0.05% → $10k - $20k
0.10%*$20k*-Family HSA Checking Account
OTHER TIERS: 0.01% → $5 - $10k | 0.05% → $10k - $20k
0.10%*$20k*-Other Regular Savings
OTHER TIERS: 0.05% → $5 - $20k

Alternatives Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$20k*-Share Draft
OTHER TIERS: 0.01% → $5 - $10k | 0.05% → $10k - $20k

Alternatives Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
10.00%$200$50012 Month Free Tax Prep Savings CD
1.92%$500-60 Month Share Certificate
1.46%$500-48 Month Share Certificate
1.26%$500-36 Month Share Certificate
1.00%$500-24 Month Share Certificate
0.75%$500-12 Month Share Certificate
0.50%$500-6 Month Share Certificate
0.50%$100-12 Month Savers Club CD
0.50%$100-12 Month Homebuyers Club CD
0.50%$25-12 Month Lucky Savers CD
0.30%$500-3 Month Share Certificate

Alternatives Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW 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
Locations


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

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