Credit Unions Near Me
National Credit Union Service Organization

ALCO FEDERAL CREDIT UNION

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

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
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
↑ Back to Top

Other Credit Unions

TRI COUNTY FEDERAL CREDIT UNION
30 School St
DELEVAN, NY 14042-9803
GRIFFITH INSTITUTE EMPLOYEES FEDERAL CREDIT UNION
64 E Main St Ste 3
SPRINGVILLE, NY 14141
STATE UNIVERSITY OF NY GENESEO FEDERAL CREDIT UNION
1 College Cir, College Union 111
GENESEO, NY 14454-1401
DISTRICT #6 FEDERAL CREDIT UNION
107 Broadway
HORNELL, NY 14843
OLEAN TEACHERS' AND POSTAL FEDERAL CREDIT UNION
1700 CONSTITUTION AVE
OLEAN, NY 14760
ALLEGANY FIRST FEDERAL CREDIT UNION
27 W Main St
FILLMORE, NY 14735
STEUBEN CITIZENS FEDERAL CREDIT UNION
2 Wilson Ave
BATH, NY 14810-1634
CATTARAUGUS COUNTY EMPLOYEES FEDERAL CREDIT UNION
100 Fair Oak St
LITTLE VALLEY, NY 14755
C C S E FEDERAL CREDIT UNION
417 Broad St
SALAMANCA, NY 14779
OLEAN AREA FEDERAL CREDIT UNION
234 Homer St
OLEAN, NY 14760