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ALPHA CREDIT UNION

Jun, 30, 2021 — ALPHA CREDIT UNION is a federally insured state chartered credit union headquartered in Boston, MA with 2 branch locations and about $38.81 million in total assets. Opened 79 years ago in 1942, ALPHA CREDIT UNION has about 4,380 members and employs 8 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)
One Deaconess Rd
Boston, MA 02215
Phone:(617) 632-8164
Fax:(617) 632-8204
Website:http://www.alphacu.com
Branches:2 branch locations
Members:4,380
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$38,808,537
CEO/Manager:Joette DeMeo
Chairperson:Kristine M Hanscom

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,113,732
TOTAL INVESTMENTS 15,458,235
Loans Held for Sale 0
 
 Real Estate Loans 6,496,068
 Unsecured Loans 2,452,979
 Other Loans 6,355,127
 TOTAL LOANS 15,304,174
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -77,098
 Land And Building 0
 Other Fixed Assets 200,928
 NCUSIF Deposit 328,592
 All Other Assets 1,479,974
  TOTAL ASSETS 38,808,537
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 112,495
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,639,272
 Regular shares 28,661,021
 All Other Shares & Deposits 2,852,614
  TOTAL SHARES & DEPOSITS 34,152,907
  TOTAL LIABILITIES 34,265,402
 Regular Reserve 505,000
 Other Reserves 0
 Undivided Earnings 4,038,135
  TOTAL EQUITY 4,543,135
  TOTAL LIABILITIES, SHARES, & EQUITY 38,808,537
INCOME & EXPENSE  
 Loan Income 277,021
 Investment Income 111,412
 Other Income 85,684
 Total Employee Compensation & Benefits 275,394
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 203,832
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 15,423
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 70,103
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