125 North Fulton St. Ithaca, NY 14850
Phone: (607) 273-4611
Toll Free: (877) 273-AFCU      Contact

The Alternatives Group

In order to fulfill our development mission, we've found that at times, a regulated insured financial institution is not the most appropriate vehicle. While we are known as Alternatives Federal Credit Union, some of our most exciting community development work is accomplished through one of the other affiliates in the Alternatives Group. Each of the five corporations in the Group shares a common mission. Each is chartered separately and has an independent Board.

Alternatives Federal Credit Union is a member owned, community development financial institution. Established in 1979, Alternatives is a non-profit 501(c)(1) cooperative (run by a member-elected volunteer board) offering a full range of traditional credit union services: deposits, transactions and loans. Deposits are federally insured by the National Credit Union Administration Share Insurance Fund. The Credit Union provides management services to the Alternatives Group.

Alternatives Impact, as a not-for-profit 501(c)(3) tax exempt corporation, accepts donations for the Alternatives Group. It is through generous donations that many of our mission-focused programs are able to operate: Business CENTS, Individual Development Accounts, Free Tax Preparation, and the Student Credit Unions. 

Alternatives Fund was the sponsor of Alternatives Federal Credit Union, established in 1970 as a trade association of community groups, cooperatives, worker-owned businesses and individuals. The Alternatives Fund provides a field of membership for the Credit Union.

Tompkins County Friends of Alternatives, Inc. is a not-for-profit organization founded in 2002 to provide opportunities to invest secondary capital in Alternatives Federal Credit Union. Supporters of Alternatives pool their funds in uninsured long-term investments.

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Express Employment Professionals, Kathy Nivison

With a background of 15 years in Human Resources, Kathy Nivison started up the Ithaca office of Express Employment Professionals to better serve local employment and recruiting needs. Kathy approached Alternatives for a business loan, and was impressed with both the loan's low interest rate, as well as the quick response from Bob Anderson, the business loan officer at Alternatives.

Kathy took advantage of our "Women and Minority" subsidized loan, which helps women and minority borrowers who have a minimum of one year in business and are looking for assistance with continued growth and expansion.

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