What does AFCU mean in CREDIT UNIONS
Alternatives Federal Credit Union (AFCU) is a community development financial institution (CDFI) whose mission is to increase economic opportunity for low-income and underserved communities throughout the Finger Lakes Region in New York. AFCU provides access to fair and affordable financial services, including deposit accounts, loans, and asset building tools, to individuals with limited or no access to traditional banking services. With its innovative approach to helping members of the community build wealth while breaking away from the cycle of poverty, AFCU has become an invaluable resource for thousands of people in the area.
AFCU meaning in Credit Unions in Business
AFCU mostly used in an acronym Credit Unions in Category Business that means Alternatives Federal Credit Union
Shorthand: AFCU,
Full Form: Alternatives Federal Credit Union
For more information of "Alternatives Federal Credit Union", see the section below.
Essential Questions and Answers on Alternatives Federal Credit Union in "BUSINESS»CREDITUNIONS"
What is Alternatives Federal Credit Union?
Alternatives Federal Credit Union (AFCU) is a financial cooperative for those who live, work, attend school or worship in Tompkins County. We offer a full suite of personal and business banking services including checking and savings accounts, loans, mortgages and more.
What are AFCU's core values?
AFCU is guided by the core values of Trust, Relationship Focused Banking and Community First. These values are reflected through our commitment to providing members with the best products and services while also advocating for the community we serve.
What makes AFCU different from traditional banks?
Unlike traditional banks, credit unions are not-for-profit cooperatives owned by their members which allows us to return profits back to our members in the form of lower rates on loans as well as higher rates on deposits.
How do I become a member?
To become a member you must live, work, attend school or worship in Tompkins County. Once you meet this criteria you can fill out an application online or at one of our branches and make an opening deposit of $5 into a Member Share Savings account that will be your primary ownership share in AFCU.
How can I get help if I'm having financial difficulty?
At AFCU we understand that financial challenges can happen to anyone and that's why we offer free counseling sessions available Monday through Friday to help support you in getting your finances back on track. Our counselors provide personalized guidance based on your unique situation so please feel free to reach out if needed!
Final Words:
At Alternatives Federal Credit Union, we believe in more than just providing basic financial services — our goal is to empower our members with knowledge and resources so they can take control of their future. Through our innovative products and programs that focus on building strong relationships with our members through trust and mutual respect, we strive to promote economic growth and stability within our region while addressing the needs of lower income households in order for them become financially independent.
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