Applications / Mortgage Analytics / Lenders / New York / Alternatives Federal Credit Union
Ithaca, NY · Credit union · NCUA · $164 million assets · 41 loans in 2025
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41
loans originated, 2025
47
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Alternatives Federal Credit Union, a small credit union in Ithaca, NY, lends to borrowers with low and moderate incomes at about twice the rate of its peers.
Borrowers with low and moderate incomes (LMI) took 68.3% of its loans in 2025. At similar lenders, credit unions making between half and twice as many loans, the figure was 31.5%, and almost none of them reached its level. This is no one-off: the share was 62.1% in 2024 and 63.1% five years before. Its loans in poorer neighborhoods (LMI tracts) came to 24.4%, against peers' 17.4%.
It made 41 loans, up from 30 in 2024, a rise of 37%. Similar lenders grew by 3%. It still lends far less than it once did: in 2018 it made 110 loans. The data do not say why the count fell.
Its typical loan was $75,000, against $95,000 at peers, and every one was conventional. Its purposes may explain the small size: other-purpose loans made up 19.5% of its lending, beside home purchases at 43.9%.
In Ithaca it ranked 24 of 102 lenders, with 0.4% of the market, down from 0.6%. Tompkins Bank & Trust led. With so few loans, a handful more or fewer moves its share.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Alternatives Federal Credit Union took 47 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 43.9% · Refinance 36.6% · Other 19.5%
Conventional 100.0% · of 41 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New York | 41 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Ithaca | 21 |
| Elmira | 6 |
| Binghamton | 4 |
| Rochester | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900HXPUN0BQEZ4350 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 865384 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 523283 | 2004–2017 |
Established 1 January 1978. Reported under HMDA 2004-2025.
Mergers, name changes, data editions and corrections: Alternatives Federal Credit Union's data.
Alternatives Federal Credit Union's data
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Alternatives Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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