Alco Federal Credit Union

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A short history of Alco FCU

Since its inception in 1953 the Alco Federal Credit Union has been serving its members in the WELLSVILLE, New York area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Michael Miller, the Alco FCU has grown its membership to over 5,764 with assets of more than $29,128,588. They have a main office and 4 branch offices. Please see the credit unions website or contact them by phone at (585) 593-4959 or email them at alcofcu@roadrunner.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WELLSVILLE, NY.

General Information For Alco FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 8975
Address 2859 LINDY LANE 
City WELLSVILLE 
State New York 
Zip-Code 14895
Phone Number (585) 593-4959
Fax Number (585) 593-4197
Email Address: alcofcu@roadrunner.com
CEO/President Michael Miller
Members 5,764 
Full-Time Employees 18 
Part-Time Employees
Number of Branch Offices
Total Assets 29,128,588 
Website http://alcofcu.com 

Compare Alco Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Hornell Erie CU HORNELL ERIE FCU 80 ERIE AVE 14843 (607) 324-2515 No 21.60
District #6 CU Disrtict 6 Federal Credit Union 107 Broadway 14843 (607) 324-8384 No 21.62
Olean Area CU Olean Area FCU 1201 Wayne St 14760 (716) 372-6607 No 25.77
P C CU Disaster Recovery Site 65 Route 446 16749 (814) 887-9244 No 25.84
Olean Teachers' And Postal CU OLEAN TEACHERS' & POSTAL FEDERAL CREDIT UNION 1700 CONSTITUTION AVE 14760 (716) 373-0155 No 26.04

Alco Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Alco Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 7.99 3.53 5.15 4.30 4.59
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 90 213 344 180 180
Rank Among All New York Credit Unions 9 85 104 63 57

Alco Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.20 0.30 0.48 0.88
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 108 97 269 175
Rank Among All New York Credit Unions N/A 27 23 68 38
Alco Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 7.990254617,334
All Other Unsecured Loans/Lines of Credit 10.2001,4453,044,074
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.5301021,976,759
Used Vehicle Loans 5.1508717,310,639
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.300361,747,086
Total Other Real Estate Loans/Lines of Credit 4.59019504,757
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 5.4003722,913,928
TOTAL LOANS & LEASES 3,09918,114,577

Alco Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 181,099,369150,000
    b. 15 Years or less 18647,71700
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 18487,062160,000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 117,69500
Open-End Fixed Rate 0000
TOTALS 552,251,8432110,000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Alco Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing No
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes