USALLIANCE Financial


Overview / Commentary
914-921-0500
411 Theodore Fremd Ave, Suite 350
Rye, NY 10580-1426

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 Financial Boosts High Dividend Savings Rate - 5/16/2022

USALLIANCE Financial (easy membership) recently upped its High Dividend Savings rate to a competitive level. Minimum deposit and balance requirement is $500.

Rate Increase To 1.00% On High Dividend Savings - 5/13/2022

Increased today to 1.00%

18 Month CD Increase - 5/9/2022

18 month rate is now 1.95%

View all posts from:

12/3/19 - USALLIANCE Financial Brings Back 15-Month CD Special, 2.40% APY
9/24/19 - UsAlliance Continues Rate Drop - 15 Month CD Special @ 2.70% is M.I.A.
9/9/19 - USALLIANCE Financial Ups CDs, 9-month 2.50% APY, 15-month 2.70% APY
7/1/19 - Usalliance Continues Rate Drops, Flattens Long End
6/14/19 - USALLIACE Correction
6/14/19 - 12 Month Promotion Gone
6/3/19 - USALLIANCE Financial Adds 12-Month CD Special, 3.00% APY
6/1/19 - 12 Month 3% CD
5/8/19 - Usalliance Drops Out Of 3% Club Again
4/5/19 - USALLIANCE Financial Adds 18-Month CD Special, 3.00% APY
4/1/19 - Usalliance Drops Out Of 3% Club
1/4/19 - USALLIANCE Financial Unveils High Dividend Savings, 2.30% APY
1/1/19 - Usalliance Increases Rates On 12- And 24-Month Certificates
10/20/18 - Updated, Correct, Info Re Usalliance 2-Yr & 3 Yr. Promotional Cds
10/19/18 - Usalliance Raises 3-Year Promotional Yield To 3.25%
9/22/18 - Usalliance Lowers 3-Yr. CD Yield To 2.80% (Was 3.25%)
8/24/18 - USALLIANCE Adds Promo Rate On 12-Month CD
8/7/18 - USALLIANCE Financial Raises 24-Month CD Rate
8/2/18 - Assorted CD Rate Changes At Usalliance
7/9/18 - USALLIANCE Financial Offers Special Rate 35-Month CD To Everyone
6/21/18 - 35 Month 3% CD 25 Month 2.85% Now for all
6/14/18 - USALLIANCE Financial Ups 25- And 35-Month CD Rates
6/13/18 - 25 Basis Point Rate Bump Ups
6/1/18 - New CD Rates
4/17/18 - USALLIANCE 9-Month CD Rate Raised
3/31/18 - USALLIANCE Ups 18-Month CD Rate
3/31/18 - 18-Month CD Rate
12/22/17 - USALLIANCE Hikes Rate On 12-Month CD
12/22/17 - USALLIANCE CD Rate Changes. Quick Look.
11/10/17 - USALLIANCE Ups 24-Month Certificate Rate
11/10/17 - 24-Month CD Now 2.02% APY
10/27/17 - USALLIANCE Adds 35-Month Certificate
10/27/17 - USALLIANCE 35 Month CD 2.38% APY. Quick Look.
9/4/17 - USALLIANCE Financial Ups Long Term Certificate Account Rates
9/3/17 - 48- And 60-Month CD Rate Hikes
9/1/17 - 25-Month And 36-Month CD Rates
8/10/17 - USALLIANCE Adds Cooperative Rewards CD Specials
8/9/17 - 2.28% APY 36 Mth, 2.02% 24 Mth, 1.51% 15 Mth. $500 Minimum
6/29/17 - Rate Changes
5/15/17 - 2.20% APY 36-Month Special CD
4/26/17 - USALLIANCE Financial Adds 36-Month High Yield CD
4/25/17 - 2.2% APY 36-Month Special CD
3/4/17 - 15Mo CD Special No Longer Available
2/22/17 - USAlliance CD Specials Withdrawn. Quick Look.
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).

I Highly Recommend

Posted by: |

I've been with USAlliance for 50 years. My father (an IBMer) opened an account for me when I was 13. Their mortgage rates are reasonable. I got a classic credit card from them at 10% ! You can't beat that. And my credit rating is nothing great - very average. The customer service is great as long as you call during business hours. Thier fraud department is excellent. My elderly mom got scammed by phone scammers and USAlliances fraud dept. saved the day ! If you apply for a mortgage ask for an older experienced rep as the younger ones can be insensitive and innattentive.
I've only one complaint about the on-line website - the logout button needs to be MUCH BIGGER !

Generally Good But When They Are Bad....

I have a few products with them, their Visa Sig flat rate 3% credit card (rate declines at end of 2022) and some CD/IRA CD, with very competitive rates. But....

Because of the rates, I moved some money from a maturing IRA CD at another institution (the excellent Evansville Teachers) to USAlliance. I did this the safest way, trustee to trustee, a cashiers check goes directly from ETFCU to USAlliance. A few days later, the IRA CD is opened in USAlliance. Today I get a message that the check has been returned as duplicate presentation, and they removed the money from the CD, and said they will also charge a $35 fee.

Now as they were the only ones with the cashier's check, a duplicate presentation is probably their action. Eventually I got them to agree that they had indeed presented it twice on different days, causing the duplicate error. OK, fine (well not really but...) but put the money back! It would have been fine had they credited the account twice and removed one, but they only credited once and removed once, so I am currently out the tens of thousands in the check. But they will research it and get back to me. I said that they didn't seem to need time to remove the money, but ... no sense of urgency at all.

I called ETFCU and they were helpful, confirming the check was sent and that it was presented twice by USAlliance, the first time the funds were there and the second was caught as a duplicate.

So my lesson, known by lots here, is that chasing the higher rates isn't always a good idea.

The problem here is that until now, USAlliance has been pretty good for me. But no more IRA money to them

Overall NOT A Good Experience

Posted by: |

While they might offer decent rates on their accounts and credit cards, as Ken correctly points out their capitalization is dismal at best. Therefore if you do bring your business here do not exceed NCUA insurance limits.

In terms of their credit card, their cash back rate might be good, BUT, your ability to use the card will be severely limited. While their policy clearly states "The Credit Union may delay replenishing Your credit limit until the date the payment is posted or the Credit Union confirms the payment has cleared," the REALITY is according to supervisors I have spoken with at cardmember services and the credit union, "Our policy is that we will delay replenishing Your credit limit until 7-10 business days after payment is POSTED."

Be prepared to jump through major hurdles if you attempt to redeem for cash back. You MUST first open a USAlliance checking account. Even if you are a current credit union member, that process will require your application to be processed as a new member. Then according to the website CUREWARDS it will take 10 business days.

In terms of redeeming for travel, read the yelp reviews on their travel provider and get ready to roll the dice.

Another case of when it seems to good to be true....it probably is not.

Beware Credit Hit!

Posted by: |

" Even if you are just interested in becoming a depositor member and not utilizing any of the great loans that we have here at USAlliance, yes, a hard credit pull must be run." PROMPT response after business hours the same day within 2 hours to my query. Good for responsive service, not for applicants. There ARE credit unions not whacking would-be depositors this way. Procedure is not any law or regulation.

Hard pull hazard is becoming omnipresent, for NO CLEAR REASON other than supercaution. It dings your credit score and prevents many credit cards with bonuses from being added to your financial life. Financial troublemakers can likely be screened out from a soft pull, or from further/later running hard pull on doubtful cases.

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
NCUA #17587
Year Chartered1966
Employees249
Primary Regulator
Profit Margin
Return on Assets - YTD1.38%
Return on Equity - YTD17.21%
Annual Interest Income$73.7MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$2.23B$2.01B
LoansQ4 2021vs Q4 2020$1.98B$1.79B
DepositsQ4 2021vs Q4 2020$1.70B$1.52B
Equity CapitalQ4 2021vs Q4 2020$175.4MM$143.5MM
Secondary CapitalQ4 2021vs Q4 2020$18.0MM
Loan Loss AllowanceQ4 2021vs Q4 2020$17.8MM$21.0MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$6.5MM$12.6MM
Real Estate OwnedQ4 2021vs Q4 2020$883.00K$672.00K
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
2.00%*-$500MyLife Savings
OTHER TIERS: 0.02% $500+
2.00%*$1$500MyLife Kids Savings
OTHER TIERS: 0.02% $500+
1.00%$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
0.60%*$1m*-MyLife Money Market
OTHER TIERS: 0.05% Up to $2k | 0.07% $2k - $10k | 0.10% $10k - $50k | 0.15% $50k - $100k | 0.25% $100k - $250k | 0.40% $250k - $500k | 0.50% $500k - $1m
0.30%*$75k*-Platinum Money Manager Account
OTHER TIERS: 0.05% Up to $75k
0.25%*$25k*-Super Savings Money Manager Account
OTHER TIERS: 0.05% Up to $25k
0.25%*$50k*-Diamond Money Manager Account
OTHER TIERS: 0.05% Up to $50k
0.20%*$5k*-Silver Money Manager Account
OTHER TIERS: 0.05% Up to $5k

USALLIANCE Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$500-48 Month Certificate Special
1.95%$500-18 Month Certificate Special
1.25%$500-11 Month No Penalty CD
1.25%$500-24 Month Certificate Special
0.80%$500-60 Month Certificate
0.75%$500-36 Month Certificate Special
0.70%$500-36 Month Certificate
0.70%$500-35 Month Certificate Special
0.65%$500-18 Month Certificate
0.65%$500-12 Month Certificate Special
0.60%$500-24 Month Certificate
0.60%$500-24 Month Step-Up Certificate
0.55%$500-12 Month Certificate
0.50%$500-12 Month Step-Up Certificate
0.25%$500-9 Month Certificate
0.20%$500-6 Month Certificate
0.15%$500-3 Month Certificate
Locations


Cities: Bronx, Chelmsford, Medford, Napanoch, Port Chester, Purchase, Rye, Wayne, West Haven

Bronx Branches
Branch Office20 E 179th StBronx, NY 10453-4770

Chelmsford Branches
Corporate Office300 Apollo DrChelmsford, MA 01824-3629

Medford Branches
Branch Office71 Station LndgMedford, MA 02155-5191

Napanoch Branches
Branch Office7500 Route 209 Inside Ellenville WalmartNapanoch, NY 12458

Port Chester Branches
Branch Office555 Boston Post RdPort Chester, NY 10573

Purchase Branches
Branch Office700 Anderson Hill RdPurchase, NY 10577-1401

Rye Branches
Branch Office411 Theodore Fremd AveRye, NY 10580

Wayne Branches
Branch Office1 Corporate DrWayne, NJ 07470-3112

West Haven Branches
Branch Office1 Atwood PlWest Haven, CT 06516-2047
Branch Office950 Campbell Ave Bldg 5West Haven, CT 06516-2770

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