APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates effective as of 6/7/2017. Fees may reduce earnings.

Deposit rates

Certificate Shares See details

Term Balance required for rate Dividend rate APY
3 months $5,000 0.05% 0.05%
6 months $5,000 0.15% 0.15%
12 months $2,500 0.20% 0.20%
24 months $500 0.40% 0.40%
36 months $500 0.65% 0.65%
60 months $500 1.09% 1.10%

Penalty for early withdrawal. The above rates apply for the Local Green Certificate for 24, 36 and 60 months only.

Savings Accounts See details

Account Balance required for rate Dividend rate APY
Club Account, Homebuyers Club Account $100 0.30% 0.30%
Lucky Savers $25 0.30% 0.30%
Student Credit Union Youth Savings $1 0.15% 0.15%

Regular Share Savings See details

Balance required for rate Dividend rate APY
$5 to $9,999.99 0.05% 0.05%
$10,000 to $19,999.99 0.05% 0.05%
$20,000 and over 0.10% 0.10%

Checking/Share Draft See details

Balance required for rate Dividend rate APY
$5 to $9,999.99 0.01% 0.01%
$10,000 to $19,999.99 0.05% 0.05%
$20,000 and over 0.10% 0.10%

IRA Savings See details

Balance required for rate Dividend rate APY
$5 to $9,999.99 0.10% 0.10%
$10,000 to $19,999.99 0.10% 0.10%
$20,000 and over 0.25% 0.25%

Individual Retirement Account funds (IRAs)and Simplified Employee Pensions (SEPs) may be invested in IRA/SEP savings or any Share Certificate. We accept rollover IRAs from other institutions. IRA terms are described in Custodial Agreement.

Loan rates

Secured Loans* See details

Credit score Up to 36 months APR Up to 48 months APR 60 months APR 72 months APR
740+ 2.99% 3.74% 3.99% 4.24%
680 - 739 3.49% 4.24% 4.49% 4.74%
640 - 679 4.49% 5.24% 5.49% 5.74%
600 - 639 6.99% 7.74% 7.99% 8.24%
550 - 599 9.99% 10.24% 10.49% 10.74%
549 or less 14.99% 15.24% 15.49% N/A

Autos, boats, motorcycles, etc. 2010 and newer. Loan maximum: $50,000.

*All loans subject to approval.

Older Secured Loans* See details

Credit Score Up to 36 months APR Up to 48 months APR
740+ 6.99% 7.24%
680 - 739 7.49% 7.74%
640 - 679 8.49% 8.74%
600 - 639 10.99% 11.24%
550 - 599 12.99% 13.24%
549 or less 17.99% 18.00%

Autos, boats, motorcycles, etc. years 2007, 2008, and 2009. Loan maximum: $25,000

  • 0.25% discount for direct deposit
  • 0.25% discount for automatic payment from a direct deposit or Alternatives Federal Credit Union account.
  • Additional .25% discount for hybrids and cars with 30 MPG (HWY) or more
  • Loyal member discount 0.25%. Member must meet all three criteria:
    • Minimum one year membership
    • One or more previous loans with no payments more than 30 days late
    • Active Alternatives VISA debit card (minimum six transactions per month for the previous three months)
  • Maximum discount 0.50%
  • 72-month loan terms are limited to loans of $20,000 or greater and up to four model years old.
  • Autos, boats and motorcycles must be registered in Upstate New York.

*All loans subject to approval.

Signature Loans* See details

Credit Score 12 months APR 24 months APR 36 months APR 48-60 months APR
740+ 7.99% 9.50% 9.75% 10.25%
680 - 739 8.99% 10.75% 11.50% 12.00%
640 - 679 12.50% 12.75% 13.00% 13.50%
600 - 639 14.50% 14.75% 15.00% 15.50%
550 - 599 18.00% 18.00% 18.00% 18.00%
549 or less 18.00% 18.00% 18.00% 18.00%
  • 0.25% discount for direct deposit
  • 0.25% discount for automatic payment from a direct deposit or Alternatives Federal Credit Union account.
  • Liens may be placed on collateral, including vehicles older than 2003, but signature rates apply.
  • Debt consolidation loans over $20,000 and/or 24-month term may be subject to a 2.00% rate increase.
  • At 18% APR, no discounts are given.

*All loans subject to approval.

Other loans*

Loan description Term APR
Back on Track Loan
For emergency needs. Documentation required. Maximum loan $4,000.00
Up to 48 months 8.00%
Credit Builder
For first time borrowers. Maximum loan $1,000. Includes discounts for direct deposit and automatic payment.
Up to 18 months 14.00% - 14.25%
Energy Efficiency/Solar Loan
For energy efficiency improvements to your primary residence. Maximum loan $25,000. 
up to 10 years 5.59-6.49%
Line of Credit
No annual fee. With or without Alternatives VISA Debit Card.
Revolving 14.25%
Share Secured Loan
An equal amount to the amount borrowed is placed in a Share Certificate and loan rate is 2.00% above what the shares are earning.*
Up to 60 months Varies

*All loans subject to approval.

Fixed Rate Mortgages* See details

Term Rate APR
30 year 4.000% 4.085%
20 year 3.625% 3.749%
15 year 3.250% 3.414%
10 year 3.000% 3.260%

*All loans subject to approval.

Adjustable Rate Mortgages*

Type Term Rate APR
5/5 15 - 30 years 3.500% 3.581%
7/1 15 - 30 years 3.625% 3.707%
10/1 15 - 30 years 3.875% 3.959%
5/1 15 - 30 years 3.250% 3.959%

Adjustable rate mortgages are available with no closing costs; rate is .375% higher than above rates.

*All loans subject to approval.

Second Mortgages*

Type Rate Term
Home Equity Line of Credit Adjustable 1 year
Maximum 80% Loan to Value with all outstanding liens 4.50% 15 years
Maximum 90% Loan to Value with all outstanding liens 5.00% 15 years
Energy Efficiency/Solar Loan For energy efficiency improvements to your primary residence. Maximum loan $100,000. Maximum 90% Loan to Value with all outstanding liens 4.49% 10-15 years
Fixed Rate Home Equity Maximum 90% Loan to Value with all outstanding liens 5.00% 10 year max

*All loans subject to approval.

Truth-in-Savings Disclosures:

Do you have any questions?