Credit union · NCUA insured
Alco Federal Credit Union
A $61.3M credit union headquartered in Wellsville, NY, with 6,820 members and 4 branches in New York. Best rates: CDs 3.50% and savings 0.35% APY.
Alco Federal Credit Union Carrot Score
75
Carrot Score
Higher than 40% of U.S. banks and credit unions
#165 of 267 in New YorkHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Alco Federal Credit Union
Alco Federal Credit Union is a member-owned credit union serving Allegany, Cattaraugus, Steuben, and Wyoming counties in New York, as well as McKean and Potter counties in Pennsylvania.
- Headquarters
- 2859 Lindy Ln, Wellsville, NY 14895-9337
- NCUA charter
- 8975
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in, and business and other legal entities located in Allegany County, Cattaraugus County, Steuben County, and Wyoming County New York and McKean County and Potter County Pennsylvania are eligible for membership.
Employers and groups
- Employees of the credit union are eligible for membership.
Family and household
- Members of the immediate family or household of eligible persons are eligible for membership.
- Spouses of persons who died while within the field of membership of the credit union are eligible for membership.
Other ways
- Organizations of persons within the field of membership are eligible for membership.
- Volunteers in the community are eligible for membership.
Branches
4 branches in New York
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New York
4 branches
Wellsville area · 1
- Wellsville OfficeMain office2859 Lindy Ln, Wellsville, NY 14895Directions
Belmont area · 1
- Belmont Office32 Greenwich St, Belmont, NY 14813Directions
Cuba area · 1
- Cuba Branch24 E Main St, Cuba, NY 14727Directions
Friendship area · 1
- Friendship Office25 W Main St, Friendship, NY 14739Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 13.74% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.95% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.47% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $61 | $59 | — |
- CapitalNet worth ratio13.74%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.95%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.47%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$61Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Alco Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.