USALLIANCE Financial began in 1966 as a credit union for IBM employees. Today, from its branch locations in the Northeast United States and through convenient and secure online and mobile banking options, USALLIANCE Financial serves over 90,000 members around the world.
The credit union provides a range of financial products and services, including the following personal depository banking products: checking accounts, savings accounts, health savings accounts (HSAs), money market accounts, Certificates of Deposit (CDs), and Individual Retirement Accounts (IRAs).
USALLIANCE Financial’s checking accounts include a special account option for teenagers. There is also a savings account option for children. The credit union’s money market account yields tiered interest rates, with higher rates for larger account balances. CD terms range from 3 to 60 months. USALLIANCE Financial offers Traditional, Roth, and Coverdell Education Savings Account IRA products.
In addition to the depository products mentioned above, USALLIANCE Financial also offers loans, lines of credit, and insurance options to its members.
Field of Membership Restrictions
Membership in USALLIANCE Financial is open to anyone through membership in any of four associations, including the American Consumer Council. Membership is open to those who live, work, or worship in the Massachusetts counties of Barnstable, Essex, Middlesex, Norfolk, Plymouth, Suffolk, or Worcester; the City of West Haven, Connecticut; or qualifying districts in Manhattan, Mount Vernon, and The Bronx. State or local government employees/retirees of the NY counties of Columbia, Dutchess, Greene, Orange, Putnam, Rockland, Sullivan, Ulster, Westchester are also eligible to join, as are employees of more than 175 SEGs. Complete membership requirements are listed on the Credit Union's online application.
See current membership details
SFSG (So Far, So Good)
I joined US Alliance to help fill out a CD ladder I was building. They had maybe the best 2-year CD interest rate in the nation. Joining, opening a CD account, and funding the CD (from an *external* account) were all fairly easy and painless. I was required to open another account; I chose to open a savings account and fund it with $1. As of this writing the CD is fully funded but they haven't funded the savings account.
Push Deposits. Don't Pull.
CD specials are good, but can't fund with external account. If you pull money into savings, then they put a significant hold on the funds. If you push from an external account then it's available the next day.
DO NOT USE US ALLIANCE FOR IRA
They charge a $3 per month fee for IRA accounts. This is the only institution I have ever heard of doing this.
18 Month CD (Beware This Could Be You)
Plain and simply. I had a 18 month CD to mature. I went online and requested that they transfer the money to my saving prior to the maturity date. They choose to ignore my request and keep me a customer. The CD was rolled over to another 18 month CD. WTF!!!
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 17587 |
| Year Chartered | 1966 |
| Employees | 270 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 7.4% |
| Annual Interest Income | $44.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $3.21B$3.15B |
| Loans | Q1 2025vs Q1 2024 | $2.87B$2.75B |
| Deposits | Q1 2025vs Q1 2024 | $2.44B$2.38B |
| Equity Capital | Q1 2025vs Q1 2024 | $229.5MM$216.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $31.9MM$32.9MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $19.3MM$17MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $383K$291K |
