Alternatives Federal Credit Union
Appearance
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 businesses, low income households and non-profit organizations.[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 had almost 5,000 members and deposits totaling 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]
See also
- Ithaca HOUR
References
- ISBN 9780865715752.
- ^ "SBill Myers named to State of New York Mortgage Agency". Real Estate Weekly. January 7, 2009.
- ISBN 81-7099-414-4.
- ^ Cerquone, Suzanne (10 October 2014). "Alternatives Wins Credit Union of the Year". Lansing Star. Retrieved 13 October 2014.