Alternatives Federal Credit Union is a Community Development Financial Institution, dedicated to building wealth and creating economic opportunity for underserved people and communities. The Credit Union is only one of five corporations that make up the Alternatives Group, which also includes Alternatives Impact, a not-for-profit 501(c)(3) tax exempt corporation that accepts donations for the Alternatives Group; Alternatives Fund, the sponsor of Alternatives Federal Credit Union established in 1970 as a trade association of community groups, cooperatives, worker-owned businesses and individuals; and Tompkins County Friends of Alternatives, Inc., a not-for-profit organization founded in 2002 to provide opportunities to invest secondary capital in Alternatives Federal Credit Union.