Alternatives Federal Credit Union
Alternatives Federal Credit Union is headquartered in Ithaca and is the 61st largest credit union in the state of New York. It is also the 1,406th largest credit union in the nation. It was established in 1978 and as of March of 2025, it had grown to 67 employees and 12,996 members at 2 locations. 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
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 Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 23283 |
| Year Chartered | 1978 |
| Employees | 67 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.09% |
| Return on Equity - YTD | -1.24% |
| Annual Interest Income | $2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $168.9MM$147.1MM |
| Loans | Q1 2025vs Q1 2024 | $92.2MM$86.2MM |
| Deposits | Q1 2025vs Q1 2024 | $148.6MM$128.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $11.8MM$10.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $980K$1.2MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $3.6MM$2.7MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$97K |