Alternatives Federal Credit Union
Quick Summary
- HSA savings account
The Verdict
Alternatives Federal Credit Union provides essential HSA features with a monthly fee of $0.83 and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
The biggest question at the Credit Union always seems to be, "What does Alternatives mean and why should I bank here?" Many bank at Alternatives because of our community focus and social change philosophy, while others have chosen us simply for our services. Our social mission is integrated into our economic mission, so for whatever reason, joining Alternatives is making a choice towards a more economically just community.
Alternatives Federal Credit Union is no ordinary financial institution. We are a Community Development Credit Union (CDCU), member-owned, locally controlled and self-supporting. Our purpose is to meet the financial needs of the members of our community. We believe that by controlling the flow of funds within a small community, the community can build itself to suit its own needs and be more self-reliant.
Key Features
Banking & Access
Includes debit card.
Investment Options
This provider focuses on cash savings without investment options.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $0.83 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $25.00 | $1.95 | ABOVE AVG |
* Account Opening Fee
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Alternatives Federal Credit Union currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Interest rates are not currently available for this provider.
Contact Information
Address
125 N. Fulton Street Ithaca, NY 14850 Customer Service Mailing Address 125 N. Fulton Street Ithaca, NY 14850
Customer Service
(877) 273-2328
125 N. Fulton Street Ithaca, NY 14850 Customer Service Mailing Address 125 N. Fulton Street Ithaca, NY 14850
At a Glance
Pros & Cons
The Good
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $0.83
- •No investment options available
- •No online banking
User Sentiment
Based on community feedback
Sentiment data coming soon
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