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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Express Employment Professionals, Kathy Nivison

With a background of 15 years in Human Resources, Kathy Nivison started up the Ithaca office of Express Employment Professionals to better serve local employment and recruiting needs. Kathy approached Alternatives for a business loan, and was impressed with both the loan's low interest rate, as well as the quick response from Bob Anderson, the business loan officer at Alternatives.

Kathy took advantage of our "Women and Minority" subsidized loan, which helps women and minority borrowers who have a minimum of one year in business and are looking for assistance with continued growth and expansion.


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