- The Alternatives Fund (a community chest/revolving loan fund set up by area coop businesses) becomes a Credit Union. Membership was limited to members of area coops and employees of worker managed businesses.
- We offer savings accounts and loans at 12%.
- We receive designation as a low income Credit Union.
- End of year $137,552 in deposits and $35,838 in loans.
- First statement of goals are presented to annual meeting, stressing lending in the community, starting new cooperatives, and volunteerism.
- End year with $378,406 in deposits, and $145,123 in loans.
- First real estate loan.
- Reach ½ million deposits.
- Alternatives Energy Home Loans gives loans to innovative ways to improve homes by saving energy.
- End year with $817,334 in deposits, and $428,010 in loans
- Annual meeting snowed out.
- March: We offer share drafts and reach $1,000,000 in deposits. By November we reach $2,000,000.
- Start home mortgage program.
- End year with $2,009,790 in deposits and $640,412 in loans.
- Alternatives gets its first alarm system.
- Green Star opens on Cayuga Street.
- Pledge to finance 3 INHS super-insulated houses.
- End year with $3,582,017 in deposits and $4,034,857 in loans.
- First loan sent to collection agent.
- Alternatives moves to 301 West State Street.
- Start Alternatives Currents, our monthly newsletter.
- End year with $4,863,035 in deposits and $5,133,824 in loans.
- Offer members pay credit life and disability insurance.
- Offer roundtable discussions with retailers and contractors.
- First issue of Alternatives Business Yellow Pages.
- Staff all dress up with "Bill Myers" masks for Halloween.
- End year with deposits of $6,452,443 and loans at $4,574,442.
- Kick off our Local Small Business Venture Capital Network
- We start what we think is the first Socially Responsible Investment Club, modeled after the National Association of Investment Clubs (NAIC)
- Join "Lets Barter" system, a precursor to Ithaca Hours
- Offer seminars on Ethical Investing, Low Income Housing, Landlording,
- Personal Budgeting, Investment Club, Entrepreneurs Network, Small Business Employee
- Benefits, Business Plans, Accounting Systems.
- End year deposits $7,805,468 and loans $6,656,471.
- Published first edition of "Home Buyers Guide to Mortgages"
- End year deposits: $9,189,528 and $8,135,013 in loans.
1989 Tenth Anniversary!
- End with $10,543,456 in deposits and $8,474,445 in loans.
- Dollars for Dreams, our Student Credit Union is born.
- End year with $12,433,165 in deposits and $9,120,977 in loans.
- Start Local Sustainable Quality of Life Economic Indicators meetings (the precursor to Livable Wage)
- End year with $17,929,456 in deposits and $12,655,143 in loans.
- Start livable wage "wage watchers" clump and reach a formula on livable wage.
- Approval for SBA lending.
- First web page!
- End with $17,456,483 in deposits and $12,940,435
- First SBA loan.
- Offer Merchant VISA to member businesses.
- First hire for micro-enterprise outreach and counseling.
- Start Credit Builder Loan.
- End year with $20,040,666 and $13,737,488 in loans.
- Start Historic Preservation Lending program with Historic Ithaca.
- End with $21,225,706 in deposits and $14,502,615 in loans.
- Begin lending for modular homes.
- First year we offer IDAs.
- Every staff person now has email.
- End year with $21,162,164 in deposits and $14,407,771 in loans
- Hire our first full time business loan officer
- Take over the CEO (now called Business CENTS) program from the city
- Student Credit Union opens is first off-site branch.
- End year with $25,419,554 in deposits and $16,168,300 in loans.
1999 20th Anniversary!
- Start CU@home online banking services.
- Purchase 125 North Fulton Street, our future home.
- Happy 20th year!
- Ben Cohen (of Ben and Jerry's) is the guest speaker at our annual meeting
- Student Credit Union expands to ACS
- End year with $27,437,403 and $19,747,862 in loans.
- Ground breaking for our new building with homing pigeons, drumming and 150 folks.
- End year with $34,475,413 in deposits and $21,295,326 in loans
- First Business from the Heart seminar
- Grand opening on August 19, 2002!
- Launch the 1/10 Ithaca Hour
- End with $37,744,492 in deposits and $21,179, 490 in loans.
- First year for Free Tax Preparation Program
- First year for RALs (Refund Anticipation Loans)
- The West End Diorama is now on display on the 2nd floor.
- First Credit Path seminar is offered.
- First "The Business of Making Art, the Art of Making Business" workshop.
- Begin financial counseling program.
- 2nd floor build out is completed.
- Our new mural by Mary Beth Ihnken is unveiled.
- End year with $43,229,000 in deposits.