Business Details
Your Trusted Partner for Financial Services in Wellsville, NY
Alco Federal Credit Union is a member-owned financial institution dedicated to providing personalized financial services to our community. Established to serve the needs of local residents and businesses, we operate as a not-for-profit cooperative, ensuring that our members benefit from competitive rates, reduced fees, and democratic governance. Our Board of Directors, elected directly by members, oversees operations to maintain high service standards and financial stability. We prioritize member satisfaction by offering innovative solutions like 24/7 online banking, secure credit products, and tailored loan programs. With over 80 years of combined experience among our leadership team, we specialize in building long-term financial success for individuals and families.Our commitment to transparency ensures no hidden fees, while our NCUA-insured accounts guarantee deposits up to $250,000. Through community reinvestment and educational initiatives like our annual scholarship program, we strengthen local economic growth. As a full-service credit union, we provide comprehensive solutions including share accounts, mortgage lending, and electronic banking tools. Our multi-branch network across New York and Pennsylvania counties ensures convenient access to in-person services. By combining personalized service with modern financial technology, we empower members to achieve their financial goals with confidence.
Services
Share Accounts
Loan Services
Online Banking
Credit Cards
Mortgage Loans
Auto Financing
Financial Education
Mobile Banking
Notary Services
Wire Transfers
Highlights and features
- We operate as a member-owned cooperative with no hidden fees
- Our Board of Directors is democratically elected by members
- NCUA-insured accounts protect deposits up to $250,000
- We offer guaranteed approval credit cards with no annual fees
- 24/7 online banking with free bill payment services
Associations and certifications
- NCUA
What people say
Exceptional customer service
Competitive interest rates
Easy online access
Community-focused approach
Knowledgeable staff
Services
Share Accounts
Our NCUA-insured share accounts offer competitive dividend rates with flexible options including standard savings, youth accounts, and specialized club accounts. Members earn quarterly dividends with low minimum balance requirements while maintaining liquidity. These accounts serve as the foundation for all credit union services.
Loan Services
We provide secured and unsecured loans with favorable terms including auto financing, mortgages, and credit-building share secured loans. Our managed credit program accommodates various credit profiles while offering competitive rates for qualified borrowers.
Online Banking
24/7 online access enables account management, bill payments, and fund transfers. Features include real-time transaction tracking, remote check deposit via mobile app, and secure messaging. This service eliminates fees while providing comprehensive financial oversight.
Credit Cards
Our VISA Platinum credit cards offer 2.99% introductory APR, no annual fees, and rewards programs. We provide balance transfer options and credit-building tools with guaranteed approval for qualifying members.
Financial Education
We offer financial literacy resources including budgeting guidance, credit counseling, and scholarship programs. Our educational initiatives focus on long-term financial wellness through personalized member consultations and community outreach.
People
John Patterson
Former Treasurer
Dedicated 32 years of service as Treasurer and Board Member. Established scholarship program to support local students. Recognized for exceptional contributions to credit union growth and community development.
Questions
How do I become a member?
Membership is open to anyone living, working, or attending school in our service area counties across New York and Pennsylvania. Visit our website or contact us directly for enrollment details.
What loan types do you offer?
We provide auto loans, mortgages, personal loans, credit-builder loans, and specialty financing for boats, RVs, and farm equipment. Our loan specialists help determine the best option for your needs.
Are my deposits insured?
Yes, all accounts are federally insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency providing security for member deposits.
Do you have mobile banking?
Our mobile app provides 24/7 account access with features like remote check deposit, bill payment, and real-time transaction alerts. Download the app for free from your device's app store.
Can I apply for loans online?
While we recommend in-person consultations for major loans, we offer online applications for credit cards and basic loan products. Our staff will contact you to complete the approval process.
What are your branch hours?
Most branches operate Monday-Friday 9AM-4PM/5PM and Saturday mornings. Holiday closures follow federal banking schedules. Check our website for specific branch locations and operating times.
