Sep, 30, 2025 — ALTERNATIVES FEDERAL CREDIT UNION is a federal credit union headquartered in ITHACA, NY with 2 branch locations and about $166.43 million in total assets. Opened 48 years ago in 1978, ALTERNATIVES FEDERAL CREDIT UNION has about 12,792 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALTERNATIVES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 125 N Fulton St ITHACA, NY 14850-3301 |
| Phone: | (607) 273-4611 |
| Fax: | (607) 277-6391 |
| Website: | https://www.alternatives.org |
| Branches: | 2 branch locations |
| Members: | 12,792 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 23283 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $166,425,790 |
| CEO/Manager: | Kevin Mietlicki |
| Chairperson: | Brian DeYoung |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 17,266,926 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 61,564,332 |
| Unsecured Loans | 5,168,166 |
| Other Loans | 21,858,658 |
| TOTAL LOANS | 88,591,156 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,103,055 |
| Land And Building | 2,697,629 |
| Other Fixed Assets | 273,332 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,382,753 |
| All Other Assets | 0 |
| TOTAL ASSETS | 166,425,790 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 167 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 873,735 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 6,300,000 |
| Share Drafts | 49,181,219 |
| Regular shares | 58,864,746 |
| All Other Shares & Deposits | 40,243,739 |
| TOTAL SHARES & DEPOSITS | 148,289,702 |
| TOTAL LIABILITIES | 155,463,604 |
| Regular Reserve | 0 |
| Other Reserves | 424,490 |
| Undivided Earnings | 10,537,696 |
| TOTAL EQUITY | 10,962,186 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 166,425,790 |
| INCOME & EXPENSE | |
| Loan Income | 4,275,721 |
| Investment Income | 1,816,718 |
| Other Income | 561,682 |
| Total Employee Compensation & Benefits | 4,259,144 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,676,200 |
| Non-operating Income & (Expense) | 1,003,682 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,453,588 |
| Cost of Funds | 1,016,018 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -1,273,775 |
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