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

Socially Responsible Business | Investment Policy | Funders

The Alternatives Federal Credit Union's core investment assumption is that we would like to loan all available funds to members within the constraints of prudent management. We consider lending to be our mission - to be a vehicle for investing money in our community.

We will not make an investment when a suitable loan is available. Our primary investment with funds not loaned out in our community places funds with other Credit Unions in the state through our Corporate Central Credit Union in Albany. In most environments, loan demand is sufficient that we need not pursue investments beyond this point. If we do have longer term excess funds, we place excess funds with banks and savings and loans that have a record on investment in their communities, a high level of capital, and a profit. Our final investment alternative is government or government agency issues. We usually chose short T-bills or FHLB (Federal Home Loan Board) bonds depending on the situation.

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Aaron Lambert, Nutritional Wellness Center

In 2006 we had a vision of creating a wellness center that would be highly successful in helping people to achieve optimal health. We also wanted to connect as many people as possible with the wonderful locally grown food. The business loan and the Business CENTS program both allowed us to achieve our dream. A loan officer even came to visit our business some time later to see how we were doing.


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