Mon – Thurs 9-4. Fri 9-6 585-567-4103 27 West Main Street, Fillmore, NY 14735 More Contact Info

Members Can Rest Easy

Your deposits are safe and secure at AFFCU.

With recent bank failures on many people’s minds, credit unions are a financial option to consider. The credit union system remains well-capitalized and on solid footing. Credit unions are secure, not for profit, member-owned-and-operated financial cooperatives that help people achieve their financial dreams. We provide needed loans, lower rates, and a strong focus on our members’ financial well-being.  Our structure emphasizes our people-first mentality. That’s also what makes us a safe harbor that people can count on to get them through tough times.

Allegany First Federal Credit Union has served people in our community for 46 years.  As a not-for-profit financial institution, we never forget that the hard-earned money we are entrusted with belongs to the members we serve.  For our credit union, that includes all of Allegany County.

When it comes to safety and soundness – credit unions have a board of directors that are elected by and from the members, who have their own money in the credit union.  Every credit union member has a vote. We don’t take unnecessary risks with our members’ money because we know the people who use our credit union and we answer to them each and every day. 

Your money is insured by the National Credit Union Administration (NCUA). In fact, our credit union deposits are federally insured up to $250,000 per individual depositor, at the same level as any federally insured financial institution.  The National Credit Union Administration (NCUA) and The National Credit Union Share Insurance Fund (NCUSIF) are backed by the full faith and credit of the U.S. Government. In fact, no one has ever lost a single penny of insured funds at a federally insured credit union.

Unlike the situation at Silicon Valley Bank, where only 5% of deposits were federally insured (leaving 95% of deposits without insurance protection), credit union data shows that nationally, 92% of all member deposits are fully insured. 

At Allegany First Federal Credit Union, we demonstrate our commitment to our members and community each and every day. We do this by keeping our loan and dividend rates competitive with local financial institutions, and by supporting local organizations.

Credit unions – in our communities, our state, and across the country – provide a place where working families, small business owners and people looking to improve their financial opportunities get the support, security and service they need, no matter what challenges life brings.