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

Student Credit Union


Since 1990, Alternatives' Student Credit Union (SCU) has provided financial education, financial services, and the opportunity for youth (under 19) to manage their own money. 

Students have the opportunity to be trained as tellers and process transactions for other students.

Check out our Student Credit Union video and hear success stories from student members and their families:


Below are Alternatives Student Credit Union branch locations & times:


Lehman Alternative Community School
111 Chestnut St.

Wednesdays 12:30pm -1:00pm

Beverly J. Martin Elementary School
302 W. Buffalo St.

Thursdays 8:00am - 8:15am

Cayuga Heights Elementary School
110 E. Upland Rd.
Wednesdays 8:45am - 9:15

Enfield Elementary School
20 Enfield Main Rd.
Tuesdays 7:45am - 8:15 

Fall Creek Elementary School
202 King St.

Wednesdays 7:45am - 8:00am

Belle Sherman Elementary School
501 Mitchell St.
Thursdays 7:45am - 8:00

Caroline Elementary School
2439 Slaterville Rd., Slaterville Springs
Thursdays 7:40 am - 8:00 

Northeast Elementary School
425 Winthrop Dr.
Wednesdays 7:40am - 8:00am


Northern Lights Student Credit Union
St. Paul's Methodist Church
402 N. Aurora St.
Mondays 2:25pm - 2:45pm

Ithaca High School (deposit only)
1401 North Cayuga St. (G104) 

South Hill Elementary School
520 Hudson Street, Ithaca, NY 14850
Wednesdays 7:40am - 8:00am in the cafeteria


Financial education begins with a savings habit. Our programs encourage students to make deposits every week no matter how small. We find that when students build their own savings they start to show interest in learning more about money.

“In a world where it is assumed that young people would rather rob a bank than work in one, Alternatives Credit Union is 'Alternative' in everything, especially in how they're willing to act toward teens."
- SCU Volunteer

n a study of college students, economics professor Angela Lyons of the University of Illinois at Urbana-Champaign found one striking similarity among those who had good financial skills: Nearly all said their parents had gotten them into the habit of saving as young children, suggesting saving is a behavior that comes from experience, not knowledge.

“I love saving every Wednesday because it is good to have money when you need it. I think that everyone should save because then they could have money for things they want or need.”
- Elementary student, age 8

Student Credit Union benefits include:
  • A higher dividend rate than our regular savings accounts.
  • Checking accounts with no minimum balance and no monthly fees (A co-signer is necessary if the student is under 18).
  • An Alternatives Visa Debit Card is available if the student has a checking account.
  • An Individual Development Account (IDA) is a matched savings plan for funding education (family must meet income requirements).

Accounts can be opened at any of our school branches or at Alternatives Credit Union. The membership fee is $2.00 and a $1.00 initial deposit is required. For students whose parent or guardian is already a member of Alternatives, membership is free.

"By failing to prepare, you are preparing to fail."
- Benjamin Franklin

Save, and it will grow to this in…

Weekly savings 3 months

6 months

9 months 1ear 5 years 10 years
$ 1 $13 $26 $39 $52 $260 $520
$ 3 $39 $78 $117 $156 $780 $1,560
$ 5 $65 $130 $195 $260 $1,300 $2,600
$10 $130 $260 $390 $520 $2,600 $5,200
$20 $260 $520 $780 $1,040 $5,200 $10,400

For more information, e-mail us!

Online Access

eStatements Prior to Dec. 2012 »

Loan Rates
Deposit Rates

Donate »

Your gift to Alternatives Impact helps our community!

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.

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.