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.

Online Access

eStatements Prior to Dec. 2012 »

Loan Rates
Deposit Rates

Donate »

Your gift to Alternatives Impact helps our community!

Becki Hawley

I have had the pleasure of enjoying Alternatives from two perspectives but I couldn't have had one without the other.

When I knew I was moving from southwestern VA to Ithaca, NY, I knew I wanted to work at Alternatives. My partner at the time said it would be the perfect job for me. I read a little online about the mission. I didn't really understand all of it, but it sounded positive and ethical. I had worked in banking for a few years and as a community-minded individual, I thought this could be a good fit. more»

Education »

Discover how you can gain control of your finances...

Alternatives Federal Credit Union ("Alternatives") provides a hyperlink to Google Translate� for convenience only and without any responsibility for the accuracy of translations. Alternatives has no control over this unrelated, free and entirely computerized translation program. Computerized translations are only an attempted approximation of the website�s original content and thus Alternatives makes no representations or warranties of any kind with respect to the accuracy, reliability or completeness of any translations. Persons using translated information do so at their own risk.