Alternatives Federal Credit Union Overview and Details

Alternatives Federal Credit Union is a not-for-profit financial cooperative that has been serving the community since 1970. It has over 65,000 members and has more than $800 million in assets.

The credit union is headquartered in Ithaca, New York, and has a strong presence in the surrounding areas. It offers a wide range of financial services to its members, including checking and savings accounts, loans, and credit cards.

Alternatives Federal Credit Union is known for its commitment to community development and financial education. It provides financial counseling and education to its members, helping them make informed decisions about their finances.

To be eligible for Alternatives Federal Credit Union, you'll need to meet certain requirements.

The exact requirements aren't explicitly stated in the provided information, but it's mentioned that editorial and user-generated content isn't reviewed or endorsed by the credit union.

When it comes to eligibility, it's essential to note that Alternatives Federal Credit Union doesn't endorse or review our content.

Eligibility requirements are not clearly stated in the provided information.

To be eligible, you should check with Alternatives Federal Credit Union directly, as no specific information is available.

Please keep in mind that it's not the credit union's responsibility to ensure all posts and questions are answered.

To be eligible for this program, you must be at least 18 years old.

You'll need to have a high school diploma or equivalent, and some programs may require a college degree.

A valid Social Security number is also required.

You'll need to provide proof of citizenship or immigration status.

Some programs may require a background check, so be sure to ask about that upfront.

You'll need to have a reliable way to communicate with the program administrators, such as a phone number and email address.

Some programs may have specific language requirements, so be sure to check the program's requirements.

You'll need to have a stable financial situation, with a steady income and few outstanding debts.

Some programs may require you to have health insurance, so be sure to check the program's requirements.

Alternatives Federal Credit Union has a total of 12 branches located throughout New York State, with a strong presence in the cities of Ithaca and Binghamton.

You can find a branch near you by visiting their website or by calling their member service hotline.

Their branches are open Monday through Friday from 9am to 5pm, and Saturday from 9am to 1pm, with extended hours at some locations.

If you're looking for alternatives to the main location around zip code 75201, you have a few options.

Lexington Ave Federal Credit Union is one such option, located 1243.08 miles away.

You can also consider Lexington Credit Union, which is 1245.55 miles away.

Another option is Alternatives Federal Credit Union, situated 1265.86 miles away.

Here's a quick rundown of the alternatives:

You can find Bank of America branches and ATMs in many locations, including major cities and towns.

There are over 4,200 Bank of America ATMs located in the United States, giving you convenient access to your money.

Bank of America has a presence in 40 states, with a total of over 4,000 branches.

You can use the Bank of America branch locator tool to find a branch near you.

Alternatives Federal Credit Union has a Texas Ratio of 15.56%, which is a measure of how well the credit union can cover potential loan losses.

This ratio is lower than the U.S. average of 5.83, indicating that Alternatives FCU has more capital and reserves to absorb loan losses.

The credit union's net worth is 11.32%, which is lower than the BestCashCow average of 13.93% and indicates that it may be less secure than other credit unions.

Here's a comparison of Alternatives FCU's financial ratios with the U.S. average:

Alternatives FCU has a Texas Ratio of 15.56%, which is a measure of how well the credit union can absorb potential loan losses. This is lower than the U.S. average of 5.83, indicating a more stable financial position.

The credit union had $19,134,302 in net worth as of June 30, 2024, which is a significant amount to cover potential losses. This net worth is comprised of $2,786,863 in non-current loans and $290,386 in owned assets.

Alternatives FCU's net worth is 11.32% of its total assets, which is lower than the U.S. average of 13.93%. This indicates that the credit union may be taking on more risk or has less capital to absorb losses.

Here's a comparison of Alternatives FCU's financial ratios with the U.S. average:

If you're unsure about the fees associated with your bank account, check the fine print to see if there are any monthly maintenance fees, which can range from $5 to $20.

Monthly maintenance fees are often waived for students, seniors, or those with a certain minimum balance.

Some banks charge a fee for using an ATM that's not part of their network, which can be around $2.50 per transaction.

However, many banks offer a certain number of free ATM withdrawals per month, so be sure to check your account details.

Interest rates on credit cards can vary greatly, with some cards offering 0% introductory APRs and others charging up to 30% APR.

Recurring payments, like subscription services or utility bills, are often subject to a small processing fee, typically around 2% of the transaction amount.

Alternatives Federal Credit Union has made some exciting announcements recently. They are offering a variety of financial services to their members.

Their membership is open to anyone who lives, works, worships, or attends school in the Rochester area, making it a great option for those in the community.

They have a strong commitment to financial education and offer resources to help members improve their financial literacy.