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APY = Annual Percentage Yield. APR = Annual Percentage Rate. Rates effective as of 04/15/2019. Fees may reduce earnings.

Deposit Rates

Certificate Shares Learn More

Term Balance required for rate Dividend rate APY
3 months $500 0.30% 0.30%
6 months $500 0.50% 0.50%
12 months $500 0.75% 0.75%
24 months $500 1.00% 1.00%
36 months $500 1.25% 1.26%
48 months $500 1.45% 1.46%
60 months $500 1.90% 1.92%

Penalty for early withdrawal.

Savings Accounts Learn More

Account Balance required for rate Dividend rate APY
Club Account, Homebuyers Club Account $100 0.50% 0.50%
Lucky Savers $25 0.50% 0.50%
Student Credit Union Youth Savings $1 0.15% 0.15%

Regular Share Savings Learn More

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 Learn More

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 Learn More

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* Learn More

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. 2012 and newer. Loan maximum: $50,000.

*All loans subject to approval.

Older Secured Loans* Learn More

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 2009, 2010, and 2011. 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.
  • Loyal member discount 0.25%. Member must meet criteria:
    • One or more previous Mortgage or Business loans with no payments more than 30 days late
  • 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* Learn More

Credit Score 12 months APR 24 months APR 36 months APR 48-60 months APR
740+ 5.990% 7.240% 8.240% 9.240%
680 - 739 7.990% 9.240% 10.240% 11.240%
640 - 679 9.990% 11.240% 12.240% 13.240%
600 - 639 11.990% 13.240% 14.240% 15.240%
550 - 599 18.000% 18.000% 18.000% 18.000%
549 or less 18.000% 18.000% 18.000% 18.000%
  • 0.25% discount for direct deposit
  • 0.25% discount for automatic payment from a direct deposit or Alternatives Federal Credit Union account.
  • Loyal member discount 0.25%. Must meet the criteria:
    • One or more previous Mortgage or Business loans with no payments more than 30 days late.
  • Maximum discount is 0.50%.
  • Liens may be placed on collateral, including vehicles older than 2008, but personal rates apply.
  • Debt consolidation loans over $20,000 and/or 24-month term may be subject to a 2.00% rate increase.

*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 15 years 5.49-6.49%
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* Learn More

Term Rate APR
30 year 4.500% 4.573%
20 year 4.500% 4.600%
15 year 4.000% 4.125%
10 year 4.000% 4.179%

*The Annual Percentage Rates (APR) above are based on a specific loan amount of $100,000 for the purchase of a single family primary residence. All loans subject to approval. 

Adjustable Rate Mortgages*

Type Term Rate APR
5/5 15 - 30 years 3.375% 3.685%
7/1 15 - 30 years 3.875% 3.946%
10/1 15 - 30 years 4.125% 4.197%

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 4.00% 15 years
Maximum 90% Loan to Value with all outstanding liens 4.50% 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% 15 year max

*All loans subject to approval.

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