I am with Mister Perkins on that, what is the voltage output? If you don't have a volt meter, you can normally get a digital one for around $20-$25 at Autozone, O'Reilly's, Walmart, etc. I would think the voltage output should be in the neighborhood of 13.5-14.5, somewhere in there. That's what my cars normally are. Sounds like a bearing noise to me though but definitely check the belts first. If you take the belt off the alternator you should be able to determine if it is the belt, alternator bearing or one of the pulleys that is driving the Alternator.
Good luck and let us know the results!