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.
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
I am a mobile user and when i say its easy, its easy. I can keep up with all my accounts and view the great rate offerings on all their products. In addition to great rates, I love Early Direct Deposit and my USALLIANCE credit card! Helps my budgeting skills!
I worked with a particular manager at USAlliance. She was super diligent to help the process of opening an IRA and transferring a Trad IRA from another financial institution. She never took longer than 24 hours to get back to me and it was usually less than 15 minutes. I have nothing but good things to say about USAlliance. They are great there!
High Dividend/Business High Dividend Savings Withdrawal $5.00 per withdrawal
https://www.usalliance.org/hubfs/assets/documents/disclosures/usalliance-fee-schedule.pdf
Twice it was close to impossible to get my funds back when a CD matured. They will not allow ACH transfers initiated from your account. I am an internet customer in California and they are in Rye, New York. The customer service representative said "come into a branch to make your withdrawal"! They sent me a form called "Agreement for Preauthorized Transfers". They confirmed receipt of the form but when it came time for the CD maturity, they denied that they received it. It has taken much effort and the loss of many days of interest to get funds back from them. For these reasons I did not renew my account nor will I open new accounts in the future.
Overall | |
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NCUA # | 17587 |
Year Chartered | 1966 |
Employees | 219 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.4% |
Return on Equity - YTD | 5.49% |
Annual Interest Income | $53.9MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2020vs Q3 2019 | $1.92B$1.83B |
Loans | Q3 2020vs Q3 2019 | $1.71B$1.58B |
Deposits | Q3 2020vs Q3 2019 | $1.45B$1.36B |
Equity Capital | Q3 2020vs Q3 2019 | $141.0MM$131.4MM |
Secondary Capital | Q3 2020vs Q3 2019 | $19.2MM |
Loan Loss Allowance | Q3 2020vs Q3 2019 | $19.2MM$13.0MM |
Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $13.0MM$13.2MM |
Real Estate Owned | Q3 2020vs Q3 2019 | $672.00K$1.4MM |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.