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USALLIANCE Financial


Overview / Commentary
800-431-2754
411 Theodore Fremd Ave
Rye, NY 10580

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

Related Posts

Usalliance Continues Rate Drops, Flattens Long End - 7/1/2019

New rates:               Rate     APY     Term    Minimum Balance Required 60 Month 2.567% 2.60% 5 Years $500 48 Month 2.567% 2.60% 4 Years $500 36 Month 2.567% 2.60% 3 Years $500 24 Month 2.469% 2.50% 2 Years $500 18 Month 2.225% 2.25% 18 Months $500 12 Month 2.274% 2.30% 1 Year $500

USALLIACE Correction - 6/14/2019

The CD Promo from USALLIANCE that is gone was for a 12 month CD at 3% APY, NOT 2.95% APY

12 Month Promotion Gone - 6/14/2019

Just dropped it's 12 month CD 2.95 APY promotion a few days ago.

View all posts from:

11/29/16 - USALLIANCE Financial's MyChoice CD Option Adds 0.25%
8/3/16 - New Website
2/3/16 - USALLIANCE Financial Continues To Offer Top Rate 15-Month CD
11/6/15 - USALLIANCE Financial Adds 5-Month CD Special - New Members
9/21/15 - USALLIANCE Financial Revives 25-Month CD Special
9/18/15 - 25-Mo. CD Special Is Back
7/24/15 - USAlliance FCU's "Summer Blow Out" Rate On 25-Month CD Special
7/21/15 - USAlliance CD Specials; Clarification.
7/11/15 - 25 Month 2.01% CD
6/4/15 - Usalliance Fed CU Rates Go Up
5/28/15 - USAlliance Federal CU Raises Rate On 25-Month Fixed Certificate Again
5/4/15 - USAlliance Federal CU Has Top Rate 15-month and 25-month CD Specials
5/3/15 - Usalliance 15M/1.51%, 25M/2.01% (Hush-Hush?) CD's. Quick Look.
4/1/15 - USAlliance Federal CU Offers Two New CD Specials (Nationally Available)
11/7/14 - Win $3,000/$5,000 Cash From Usalliance FCU; CT, MA, NJ, NY Only.
10/31/14 - Usalliance Ends 13 Month CD Special
9/10/14 - USAlliance Federal CU's Competitive Rate 13-month CD Special: It's Back
9/9/14 - 1.30% APY, 13-Month CD Special
8/11/14 - USAlliance Federal CU New 25-Month CD Special (Nationally Available)
5/23/14 - USAlliance FCU Increases Rate of its 35-Month CD Special
5/7/14 - USAlliance Credit Union can call CDs early
5/2/14 - Special CDs with Top Rates at USAlliance FCU - Easy Membership
5/1/14 - Usalliance Spring CD Special
5/1/14 - CD Specials From Usalliance Credit Union
6/28/13 - Special CD Rates at USAlliance FCU - Easy Membership
1/8/13 - Special 15-Month CD Rate at USAlliance FCU - Easy Membership
12/10/12 - Special 12-Month CD Rate at USAlliance FCU - Easy Membership
2/12/09 - 4.03% 18-Month CD at USAlliance FCU in NY, NJ & MA
2/12/09 - 3.46% 11-Month and 18-Month CD at USAlliance Federal Credit Union in MA, NY and NJ
3/15/07 - 5.60% 15-Month CD at a MA/NJ/NY Credit Union (US Alliance)
3/3/07 - 6.00% 7-Month CD at a Colorado CU (US Alliance).

Great Service!

Posted by: Svensk | Jun 13, 2019

I had paused part way and saved my application for a CD. Once I had moved the funds to my hub bank, I called and got a CSR that finished my ap in ten minutes. Didn't lose a dime on the transfer. That CD was 3% for a year. Only lasted a couple of days.
BTW, the funds came from CIT Bank which transfers swiftly that evening....I had a CD with Alliance earlier and kept $1 in a savings account to save filling out forms the next time...The CSR transferred my beneficiaries on file in a second to my new CD..

Account Opening Was Very Time Consuming

Posted by: Saver4321 | Jun 6, 2019

Recently, I opened a new 12-month CD and member checking account at this very large credit union. I was told they have over 100,000 members and 2 separate customer service call centers in 2 different states. I opened these 2 accounts by phone all in one very long day, and during this long process talked to 9 different customer service representatives. They were all nice to work with, but they made several important mistakes and gave me incorrect information several times.

First, they entered my name and address incorrectly. I later caught these errors, but it was time consuming to go back and correct them in their various systems. Second, they needed to pull my credit report from one credit bureau. I have security freezes on all 3 credit bureaus, so I asked them which credit bureau they used. They said I could unfreeze any one of them, but after I chose one and unfroze it, they said they only use Experian, which was not the one I chose. So I had to spend more time and go through the unfreezing process again.

Third, they said I could use a credit card to make an initial small deposit into my new member checking account, and that there would be no charges or fees of any kind by the credit card company for this transaction. In actuality, the credit card company charges me for this transaction as a cash advance.

Fourth, I funded this new account by using an inbound wire transfer. USAlliance gave me a routing number and account number to do this, but the new account number they gave me was wrong and did not correspond to any account they currently have. So they said they did not receive any incoming wire transfer deposit, and they told me the wire transfer was rejected. However, when I called back 8 hours after my initial phone call to them, my account showed that the wire transfer did successfully go through, and I was able to finally open the CD that same day.

In short, if you open an account by phone, allow many hours to complete the process and check constantly for errors on their part. Why go through all of this? Because their promotional CD interest rates are among the highest offered at present.

$5.00 Per Withdrawal

Posted by: henryr | May 1, 2019

High Dividend/Business High Dividend Savings Withdrawal $5.00 per withdrawal

https://www.usalliance.org/hubfs/assets/documents/disclosures/usalliance-fee-schedule.pdf

Opening A Account Is Horrible - AVOID

Posted by: BillM | Jun 5, 2019

So I liked the CD rate they were offering and called to open an account. The agents seemed fine but they provided conflicting information. My advise is this : if you have a credit freeze don't bother with this call center set up. They have no idea how to deal with it. One agent told me I had to provide them access to my credit through all 3 major credit bureaus. Seriously, I spent a few hours trying to open an account and finally gave up. If you don't live in the immediate area all you have to deal with is a call center. For a few hundredths of a point of interest it is not worth the head ache. AVOID

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Health
B+

Health Grade Components

Overall
NCUA #17587
Year Chartered1966
Employees265
Primary Regulator
Profit Margin
Return on Assets - YTD1.2%
Return on Equity - YTD16.61%
Annual Interest Income$19.3MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$1.75B$1.51B
LoansQ1 2019vs Q1 2018$1.48B$1.27B
DepositsQ1 2019vs Q1 2018$1.28B$1.14B
Equity CapitalQ1 2019vs Q1 2018$124.3MM$109.1MM
Secondary CapitalQ1 2019vs Q1 2018$16.6MM
Loan Loss AllowanceQ1 2019vs Q1 2018$12.8MM$11.1MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$9.3MM$8.7MM
Real Estate OwnedQ1 2019vs Q1 2018$1.4MM$467.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Usalliance Continues Rate Drops, Flattens Long End

CapitalClimate   |  
New rates:
              Rate     APY     Term    Minimum Balance Required
60 Month 2.567% 2.60% 5 Years $500
48 Month 2.567% 2.60% 4 Years $500
36 Month 2.567% 2.60% 3 Years $500
24 Month 2.469% 2.50% 2 Years $500
18 Month 2.225% 2.25% 18 Months $500
12 Month 2.274% 2.30% 1 Year $500

USALLIACE Correction

MikeG   |  
The CD Promo from USALLIANCE that is gone was for a 12 month CD at 3% APY, NOT 2.95% APY

12 Month Promotion Gone

MikeG   |  
Just dropped it's 12 month CD 2.95 APY promotion a few days ago.

12 Month 3% CD

scottj   |  
Back in 3% Club, https://go.usalliance.org/12-month-special

Usalliance Drops Out Of 3% Club Again

CapitalClimate   |  
The USAlliance 18-month rate special is now down to 2.85%.

Rates
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Always verify rates and promotions with the bank or credit union. We are not USALLIANCE Financial; 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.

USALLIANCE Financial Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.05%*-$500MyLife Savings
OTHER TIERS: 0.02% $500+
3.05%*$1$500MyLife Kids Savings
OTHER TIERS: 0.02% $500+
2.10%$500-High Dividend Savings
0.65%$1-Education Savings Account
0.40%$25-STAR Account
0.25%$1-Club Account
0.10%*$2k*-Savings Plus Account
OTHER TIERS: 0.05% Up to $2k
0.05%*$2k*-Share Management Savings
OTHER TIERS: 0.02% Up to $2k
0.05%*$2k*-Kids Savings Account
OTHER TIERS: 0.02% Up to $2k
0.05%*$2k*-Teen Savings Account
OTHER TIERS: 0.02% Up to $2k
0.05%*$2k*-Health Savings Account
OTHER TIERS: 0.02% Up to $2k

USALLIANCE Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$250k*$100mMyLife Money Market
OTHER TIERS: 0.05% Up to $2k | 0.50% $2k - $10k | 0.75% $10k - $50k | 1.15% $50k - $100k | 1.35% $100k - $250k
0.35%*$75k*-Platinum Money Manager Account
OTHER TIERS: 0.05% Up to $75k
0.30%*$50k*-Diamond Money Manager Account
OTHER TIERS: 0.05% Up to $50k
0.25%*$25k*-Super Savings Money Manager Account
OTHER TIERS: 0.05% Up to $25k
0.20%*$5k*-Silver Money Manager Account
OTHER TIERS: 0.05% Up to $5k

USALLIANCE Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.60%$500-36 Month CD
2.60%$500-48 Month CD
2.60%$500-60 Month CD
2.50%$500-24 Month CD
2.30%$500-12 Month CD
2.25%$500-18 Month CD
2.25%$500-24 Month Step-Up CD
2.05%$500-12 Month Step-Up CD
2.00%$500-9 Month CD
1.85%$500-6 Month CD
1.60%$500-3 Month CD
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.