Alternatives FCU programs support members’ transitions
Special loans support transgender, non-binary, formerly incarcerated, community and small-business members at key junctures
Alternatives Federal Credit Union began 42 years ago when there weren’t great “alternative” financial options for consumers and small businesses. Our founders’ innovation and passion to help people has left a lasting legacy that has led us to hire and retain staff who act as an inspiration web that is strong, connected and looking to meet the next big need in our community.
We take pride in our services, policies, and procedures because they contribute to a better society, a healthier community and a financially sound member. Some of our innovative programs to support our most vulnerable community members include: individual development accounts, Business CENTS (our small business development program), Student Credit Union, the Free Tax Preparation Program, lending for minority and women-owned businesses.
Most recently we have added TransAction, ReEntry Loan Fund, Community Assistance Loan Fund and a partnership with the City of Ithaca, New York, which provided the Small Business Resiliency Fund. Let’s look at each of these newer offerings in turn.
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