Sep, 30, 2025 — ALDEN CREDIT UNION is a federally insured state chartered credit union headquartered in CHICOPEE, MA with 2 branch locations and about $192.08 million in total assets. Opened 87 years ago in 1939, ALDEN CREDIT UNION has about 13,085 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALDEN CREDIT UNION |
|---|---|
| Address: (Main Office) | 710 Grattan St CHICOPEE, MA 01020-1255 |
| Phone: | (413) 536-0475 |
| Fax: | (413) 536-0986 |
| Website: | https://www.aldencu.com |
| Branches: | 2 branch locations |
| Members: | 13,085 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67951 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $192,079,711 |
| CEO/Manager: | Adam Corcoran |
| Chairperson: | Marc Dugre |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,867,194 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 126,378,080 |
| Unsecured Loans | 365,162 |
| Other Loans | 19,600,749 |
| TOTAL LOANS | 146,343,990 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -372,791 |
| Land And Building | 8,261,369 |
| Other Fixed Assets | 475,602 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,327,313 |
| All Other Assets | 0 |
| TOTAL ASSETS | 192,079,711 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21 |
| Notes & Interest Payable | 28,000,000 |
| Accounts Payable & Other Liabilities | 2,165,607 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,478,217 |
| Regular shares | 41,375,481 |
| All Other Shares & Deposits | 78,087,703 |
| TOTAL SHARES & DEPOSITS | 148,941,402 |
| TOTAL LIABILITIES | 179,107,030 |
| Regular Reserve | 0 |
| Other Reserves | -3,692,174 |
| Undivided Earnings | 16,664,855 |
| TOTAL EQUITY | 12,972,681 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 192,079,711 |
| INCOME & EXPENSE | |
| Loan Income | 4,813,200 |
| Investment Income | 662,654 |
| Other Income | 830,596 |
| Total Employee Compensation & Benefits | 1,442,093 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,078,696 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 54,000 |
| Cost of Funds | 2,720,504 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 221,385 |
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