Sep, 30, 2025 — ALCO FEDERAL CREDIT UNION is a federal credit union headquartered in WELLSVILLE, NY with 4 branch locations and about $59.30 million in total assets. Opened 73 years ago in 1953, ALCO FEDERAL CREDIT UNION has about 6,806 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2859 Lindy Ln WELLSVILLE, NY 14895-9337 |
| Phone: | (585) 593-4959 |
| Fax: | (585) 593-4197 |
| Website: | https://www.alcofcu.com |
| Branches: | 4 branch locations |
| Members: | 6,806 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8975 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $59,301,908 |
| CEO/Manager: | Michael G Miller |
| Chairperson: | Earl Stellrect |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,373,383 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,710,377 |
| Unsecured Loans | 5,450,791 |
| Other Loans | 22,930,700 |
| TOTAL LOANS | 33,091,868 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -276,649 |
| Land And Building | 819,176 |
| Other Fixed Assets | 246,274 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 470,745 |
| All Other Assets | 0 |
| TOTAL ASSETS | 59,301,908 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 92,646 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 107,705 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,794,950 |
| Regular shares | 27,617,150 |
| All Other Shares & Deposits | 10,906,915 |
| TOTAL SHARES & DEPOSITS | 51,319,015 |
| TOTAL LIABILITIES | 51,519,366 |
| Regular Reserve | 0 |
| Other Reserves | -15,898 |
| Undivided Earnings | 7,798,440 |
| TOTAL EQUITY | 7,782,542 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 59,301,908 |
| INCOME & EXPENSE | |
| Loan Income | 1,676,133 |
| Investment Income | 468,831 |
| Other Income | 410,311 |
| Total Employee Compensation & Benefits | 1,044,022 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,024,424 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 243,978 |
| Cost of Funds | 244,232 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 487,642 |
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