125 North Fulton St. Ithaca, NY 14850
Phone: (607) 273-4611
Toll Free: (877) 273-AFCU      Contact

Investment Policy

The Alternatives Federal Credit Union's core investment assumption is that we would like to loan all available funds to members within the constraints of prudent management. We consider lending to be our mission - to be a vehicle for investing money in our community.

We will not make an investment when a suitable loan is available. Our primary investment with funds not loaned out in our community places funds with other Credit Unions in the state through our Corporate Central Credit Union in Albany. In most environments, loan demand is sufficient that we need not pursue investments beyond this point. If we do have longer term excess funds, we place excess funds with banks and savings and loans that have a record on investment in their communities, a high level of capital, and a profit. Our final investment alternative is government or government agency issues. We usually chose short T-bills or FHLB (Federal Home Loan Board) bonds depending on the situation.

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eStatements Prior to Dec. 2012 »

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Joe Nolan, Home Green Home

My family's credit union has been Alternatives since '96; We liked the mission, and who could resist banking in a converted house? In 2005 I started thinking about a retail start-up called "Home Green Home" that would sell healthy and eco-conscious home furnishings and renovation supplies. The Business CENTS class helped me to understand and develop the elements of a business plan, and set me on the path to taking the big leap.

At every stage, I've felt well supported by Alternatives' friendly staff. From one-on-one consultation to business banking and credit needs, I've received quick, helpful service at Alternatives. We always look to partner with organizations that share our values, and Alternatives fits the bill.


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