ALCO Credit Union Belmont NY | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Alco, your trusted financial partner since 1953! Located at 32 Greenwich St, Belmont, NY 14813, our branch is proud to serve a community of over 6,700 members. As a member-owned credit union, we prioritize your financial well-being and strive to provide personalized banking solutions that meet your unique needs. With total assets exceeding $55 million and deposits reaching $3,028,776, Alco stands strong in the financial landscape. We offer a wide range of services, from checking and savings accounts to auto loans and mortgages, ensuring that you have access to the resources necessary for achieving your financial goals. Our dedication to our members is reflected in our robust loan portfolio, which includes 3,620 loans and leases, designed to empower you with the funds you need for life's milestones. At Alco, we believe in transparency and community impact. With a net worth of $7,156,875 and cash in hand totaling $829,447, we are well-equipped to support our members while maintaining a strong financial foundation. Under the leadership of CEO Michael Miller and Board President Earl Stellrect, our team of 25 employees is committed to providing exceptional service with a personal touch. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to our mailing address at 32 Greenwich Street, Belmont, NY 14813. We invite you to explore the various services we offer by visiting our website at Alco. Whether you're looking for competitive loan rates or reliable savings options, Alco is here to help you every step of the way. Feel free to call us at (585) 268-7835 with any questions or stop by during our lobby hours: Monday through Wednesday from 8:00 AM - 4:00 PM; Thursday until 4:30 PM; and Friday until 4:00 PM. Join us today and experience the difference of being part of a community-focused credit union!

Branch History & Mission

Looking Ahead

As we continue into the future, we remain focused on making banking accessible for all. Our digital advancements include online banking and mobile applications designed with user-friendliness in mind. We also prioritize ADA compliance so that every member can engage with us comfortably. Join us at Alco and experience firsthand how we're more than just a credit union; we're a community partner dedicated to your success. Whether you're looking for personal banking options or business solutions, we invite you to explore what we offer. Visit our website at www.alcofcu.com or call us at 585-268-7835 today! Together, let's build a brighter financial future for Belmont and beyond!

Mission Statement

At Alco, our mission is clear: We strive to empower our members by providing them with reliable financial solutions while actively contributing to the betterment of our community. We believe that everyone deserves access to quality financial services tailored to their unique circumstances. Through partnerships with local organizations and outreach initiatives, we work tirelessly to uplift those around us. While members can visit us at 32 Greenwich St, official correspondence should be sent to 32 Greenwich Street, Belmont, NY 14813 if different from our branch address. Our friendly team is available during operating hours Monday through Friday from 8:00 AM to 4:30 PM to assist with any inquiries or services you may need.

Our Journey

Since opening our doors at 32 Greenwich St, Alco has been committed to supporting the financial goals of our members. Our journey began with a simple mission: to provide accessible and affordable financial services to those in our community. As we grew, we embraced changes and advancements in technology while maintaining our focus on personal relationships and community support. Throughout the decades, we've achieved many milestones that reflect our commitment to service. From expanding our range of products including checking and savings accounts, auto loans, mortgage loans, and credit cards with rewards to enhancing our online banking capabilities for greater convenience, Alco has always prioritized the needs of its members. Our drive-thru banking and ATM availability further ensure that essential services are within easy reach for everyone.

Branch Location & Accessibility

Welcome to Alco's Belmont Office, your local financial hub located conveniently at 32 Greenwich St, Belmont, NY 14813. This friendly branch is nestled in the heart of Allegany County, making it easy for you to access essential banking services. Whether you're a longtime member or new to our community, we are here to serve you with personalized care. As you arrive at our office, you'll find ample parking available right outside, ensuring a hassle-free visit. Our branch is fully equipped with ADA-compliant features, including ramps and accessible entrances, so everyone can enjoy their banking experience comfortably. Plus, with our drive-thru service open for quick transactions like deposits and withdrawals, we offer convenience without compromising on quality. While members can visit us at 32 Greenwich St, official correspondence should be sent to the same address for consistency. If you're in the area, keep an eye out for local landmarks that make finding us even easier! At Alco's Belmont Office, we're dedicated to providing excellent service during our operating hours: Monday through Wednesday from 8:00 AM to 4:00 PM and Thursday through Friday from 8:00 AM to 4:30 PM. Feel free to call us at 585-268-7835 if you have any questions or need assistance before your visit. We also have an ATM available for your convenience and invite you to take advantage of our full range of services from personal banking options like checking and savings accounts to auto loans and mortgage refinancing. Our friendly staff is always ready to help with any banking needs you may have. So why wait? Visit Alco's Belmont Office today and discover how we can support your financial journey!

Member Eligibility

Welcome to the community at Alco! Joining us is not just about opening an account; it's about becoming part of a family that genuinely cares for your financial well-being. To become a member, you simply need to meet a few friendly criteria. If you live, work, or worship in Allegany County, you're already on the right path! Additionally, any immediate family members of existing members are also welcome to join. We believe in making banking accessible for everyone, and our members enjoy benefits like lower fees, competitive rates, and personalized service that makes managing finances feel effortless. Getting started is easy! You can find all the details about eligibility on our website at http://alcofcu.com/member-application.php, and if you're ready to open your account, simply visit http://www.realtimehomebanking.com/enroll.aspx?clientid=8975. If you have any questions or just want to chat about membership options, feel free to give us a call at (585) 268-7835. We're excited to have you as part of our community at Alco, located at 32 Greenwich St Belmont Ny 14813!

Business Banking & Commercial Services

Merchant Services That Make a Difference

In today's fast-paced market, effective payment solutions are crucial. Our merchant services help businesses accept payments easily and securely, allowing you to focus on what matters most serving your customers. Imagine running your café or retail store without worrying about payment issues; that's the peace of mind we aim to provide. Located conveniently at 32 Greenwich St Belmont Ny 14813 in Belmont, NY, our team is ready to assist you. Contact us at (585) 268-7835 to learn more about how we can help your business thrive!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Services

For local businesses, we know how crucial banking services can be. Our Business Banking options include essential Merchant Services & Business Loans, designed to support your entrepreneurial journey. We're invested in helping your business thrive.

Convenient Digital Banking

In today's fast-paced world, convenience is key. That's why we offer robust Online & Mobile Banking platforms that let you manage your finances from anywhere. Check balances, transfer funds, and even make deposits right from your smartphone or computer no need for long trips to the branch!

Easy Access and Support

We also pride ourselves on accessibility with convenient ATM & Cash Withdrawal Services available at multiple locations, including ours! If you're ever near our branch during business hours, take advantage of our Drive-Thru Banking, which allows for quick deposits and withdrawals without leaving your car. If you have questions or need assistance, don't hesitate to call us at (585) 268-7835. Our friendly staff is always ready to assist you with any inquiries about our services or financial products. At Alco, we're dedicated to ensuring that all members feel supported and empowered in their financial decisions. We invite you to explore all we have to offer and see how we can help you achieve your financial goals today! For more information or to get started with any of our services, visit us online at Belmont Office or drop by our branch at 32 Greenwich St Belmont Ny 14813. Let's embark on this financial journey together!

Financial Flexibility

Sometimes life throws unexpected expenses your way. That's where our Personal Loans & Debt Consolidation come into play. Whether you're consolidating debt or funding a special project, our loans can provide the financial flexibility you need. Plus, don't forget about our Credit Cards with Rewards! They not only help with daily purchases but also earn rewards that can benefit you in various ways.

Personal Banking Solutions

Navigating personal finances can be overwhelming, but with our Personal Banking services, it doesn't have to be. We offer a variety of Checking & Savings Accounts designed to help you save money and manage your spending effectively. Imagine setting up a savings account for your child's education or planning for that long-awaited family trip our accounts make it easy to reach your goals. When the time comes to buy a car, our Auto Loans & Vehicle Financing options provide flexible terms and competitive rates, allowing you to drive off in your new vehicle without breaking the bank. If homeownership is on your mind, consider our Mortgage Loans & Refinancing services. We're here to guide you through the process, making it simple and straightforward.

Digital & Online Banking

Accessibility and Ease of Use

Whether you're at home or out and about, our online banking platform ensures you have real-time access to your accounts. It's designed with user-friendliness in mind so that you can navigate through your banking needs without hassle. At Alco, we are committed to making your banking experience not only accessible but also enjoyable. Join us today and discover how easy it is to manage your finances online!

Key Features

We know that security is a top priority for our members. That's why we provide electronic signature authorization, allowing you to complete transactions safely and easily without needing to visit a branch. Plus, with e-statements available, you can keep track of your financial activity electronically no more paper clutter! For those who enjoy using their smartphones, our mobile application puts banking right at your fingertips. You can make person-to-person transfers effortlessly, ensuring that sending money to friends or family is just a tap away. And while we currently don't support mobile payments, our app still provides robust tools for managing your account effectively.

Financial Strength

A Growing Community

Total Share and Deposit Accounts: 12,291, show a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Alco is your trusted partner. Visit us at 32 Greenwich St Belmont Ny 14813 or call (585) 268-7835 to learn more about how we can help you achieve your financial goals.

Member-Focused Savings

Members' savings are secured through $4,878,150 in share certificates and $3,778,660 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $197,100 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 22 full-time employees and 3 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Reinvestment for Growth

With $6,959,775 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $1,125 in used auto loans and $32,566,005 in total loans and leases.

Strong Net Worth

With a net worth of $7,156,875, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,293 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $15,031,649 in used vehicle loans and $4,219,791 in new vehicle loans already helping members get on the road. Whether you're purchasing a brand-new vehicle or a reliable used car, we have financing options tailored just for you.

Credit Lines

Our total credit lines amount to $2,260,000, providing additional flexibility for those who need access to funds on-demand. This can be particularly useful for managing cash flow or covering larger expenses without dipping into savings. At Alco, we pride ourselves on transparency and support. If you're considering refinancing any existing loans or want to explore eligibility options for our products, please reach out to us at 585-268-7835. We are here to assist you every step of the way. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today at our Belmont branch or check out our website at Alco for more information about our loan offerings!

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. Although we currently do not offer Junior Lien 1-4 Family Residential Properties loans, we are constantly evaluating our offerings to better serve our community's needs.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans. With a total of $1,807,241 in unsecured credit card loans helping members manage their finances effectively, this option can be a great way to handle unexpected expenses or everyday purchases without the burden of collateral.

Loan Aggregator

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Alco