Sep, 30, 2025 — ALPHA CREDIT UNION is a federally insured state chartered credit union headquartered in BOSTON, MA with 2 branch locations and about $34.53 million in total assets. Opened 84 years ago in 1942, ALPHA CREDIT UNION has about 3,818 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALPHA CREDIT UNION |
|---|---|
| Address: (Main Office) | 1 Deaconess Rd BOSTON, MA 02215 |
| Phone: | (617) 632-8164 |
| Fax: | (617) 632-8204 |
| Website: | https://www.alphacu.com |
| Branches: | 2 branch locations |
| Members: | 3,818 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67872 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $34,531,621 |
| CEO/Manager: | Joette DeMeo |
| Chairperson: | Kristine M Hanscom |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,467,707 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 8,317,671 |
| Unsecured Loans | 2,108,192 |
| Other Loans | 9,191,963 |
| TOTAL LOANS | 19,617,826 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -168,563 |
| Land And Building | 0 |
| Other Fixed Assets | 1,275 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 283,852 |
| All Other Assets | 0 |
| TOTAL ASSETS | 34,531,621 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 220,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,327,567 |
| Regular shares | 23,503,227 |
| All Other Shares & Deposits | 2,386,990 |
| TOTAL SHARES & DEPOSITS | 28,217,783 |
| TOTAL LIABILITIES | 28,438,746 |
| Regular Reserve | 0 |
| Other Reserves | 563,922 |
| Undivided Earnings | 5,528,953 |
| TOTAL EQUITY | 6,092,875 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,531,621 |
| INCOME & EXPENSE | |
| Loan Income | 708,859 |
| Investment Income | 501,629 |
| Other Income | 108,644 |
| Total Employee Compensation & Benefits | 482,380 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 330,222 |
| Non-operating Income & (Expense) | 16,350 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,545 |
| Cost of Funds | 19,541 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 442,794 |
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