Alternatives Impact is the 501(c)3 affiliate of Alternatives Federal Credit Union. We raise funds to support community programs and a shared mission: To build wealth and create economic opportunity for underserved people and communities. Previously, these programs were primarily supported by federal and state grants, which are dwindling or disappearing.
To meet the growing demand for these programs in Tompkins County, New York, we actively seek support from individuals, corporate and family foundations, businesses, and government agencies.
The Free Tax Preparation Program (VITA): free service where volunteers help eligible tax filers receive their maximum available tax credit. 1,833 tax filers served by 61 volunteers; $3.8 million returned to Tompkins County.
Individual Development Accounts (IDAs): matched savings accounts and financial education that help people build assets (higher education, first home, small business). 90 new accounts open; 40 accounts closed to purchase first home, for microenterprise, or for higher education.
MoneyWise: Seven-week course provides adults with tools to confront and conquer personal financial challenges. Four sessions held, 77 MoneyWise graduates.
Student Credit Union: financial education and savings program for school-aged children and youth in Tompkins County.
561 students saving weekly in 11 Tompkins County schools (public, private, home school) served by 74 volunteers.
The Bill Myers Internship: opportunity for one high school student, selected each year, to gain hands-on work experience at Alternatives Federal Credit Union.
Our family's strongest connection to Alternatives started at the Student Credit Union branch at Fall Creek Elementary School. Zoe started as a Saver and I as a Teller five years ago. Zoe is a regular depositor. I started putting money into my savings account on a more regular basis when we realized that it would be a good place to have a vacation account - one we didn't have a debit card or checkbook for. We saved enough for a trip to Zurich to visit friends on sabbatical and then the fast train to Paris.
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