ALCO Federal Credit Union Supports United Way
The ALCO Federal Credit Union recently made a generous gift to support the United Way of Cattaraugus & Allegany Counties.
The ALCO FCU is a local financial institution, existing to provide personal financial services to its members. Like all credit unions, management is by a Board of Directors made up of persons democratically elected from its membership, by the membership.
Members pay less for financial products and services because the credit union is a not-for-profit organization owned by its members. Earnings above operating expenses and reserves are returned to the members in the form of lower cost loans, higher yields on deposits, convenient offices and access methods and lower (if any) fees.
The United Way in Cattaraugus & Allegany Counties brings people together to build strong communities where everyone thrives. They tackle tough challenges and work with private, public, and nonprofit partners to boost education, economic solutions, and health resources.