Credit union · NCUA insured
Alternatives Federal Credit Union
A $162M credit union headquartered in Ithaca, NY, with 12,263 members and 2 branches in New York. Best rates: CDs 3.04% and savings 0.50% APY.
Alternatives Federal Credit Union Carrot Score
69
Carrot Score
Higher than 25% of U.S. banks and credit unions
#21 of 32 in Rochester, NY metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Alternatives Federal Credit Union
Alternatives Federal Credit Union is a Community Development Financial Institution (CDFI) based in Ithaca, New York.
The credit union specializes in providing affordable financial products and services for people and businesses in low-to-moderate income and marginalized communities.
- Headquarters
- 125 N Fulton St, Ithaca, NY 14850-3301
- NCUA charter
- 23283
Branches
2 branches in New York
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New York
2 branches
Ithaca area · 1
- Alternatives Federal Credit UnionMain office125 N Fulton St, Ithaca, NY 14850Directions
Rochester area · 1
- Alternatives Federal Credit Union1275 Lexington Ave, Rochester, NY 14606Directions
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 | 8.83% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 4.71% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | -1.00% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $67 | $76 | — |
- CapitalNet worth ratio8.83%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late4.71%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets-1.00%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$67Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion 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 Alternatives 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.