Alternatives Federal Credit Union
 | |
| Credit union | |
| Industry | Financial services |
| Founded | 1979 |
| Headquarters | Ithaca, New York, United States |
Key people | Tristam Coffin, Chairman |
| Products | Savings; checking; consumer loans; mortgages; credit cards; online banking; mobile banking; business banking |
| AUM | $B USD (2012) |
| Website | AFCU |
Alternatives Federal Credit Union was founded in Ithaca, New York in 1979. Their primary focus is on providing low cost services to small business, low income households and non-profit organization.[1][2]
History
Alternatives Federal Credit Union initially focused on local-co-ops and employee owned businesses, experiencing rapid growth in their first decade. By 1990, they almost 5,000 members and deposits totally over $12 million. Part of this community initiative was to start the "Socially Responsible Investment Club", which itself was a credit union for young people. It assisted in starting other credit unions as well, offered seminars on personal finance, low income housing and entrepreneurship.[3]
In 2014, the Credit Union National Association (CUNA) awarded AFCU their 2014 Community Credit Union of the Year Award.[4]
References
- ↑ Jones, Ellis; Johnson, Brett; McIntosh, Diane (2007). The Better World Handbook. New Society Publishers. pp. 61–62. ISBN 978-086571-575-2.
- ↑ "SBill Myers named to State of New York Mortgage Agency". Real Estate Weekly. January 7, 2009. Retrieved October 15, 2014 – via HighBeam Research. (subscription required (help)).
- ↑ Mahalingam, S. (1993). Labour Participatory Economy. Mittal Publications. p. 265. ISBN 81-7099-414-4.
- ↑ Cerquone, Suzanne (10 October 2014). "Alternatives Wins Credit Union of the Year". Lansing Star. Retrieved 13 October 2014.