Dec, 31, 2023 — ALIGN CREDIT UNION is a federally insured state chartered credit union headquartered in LOWELL, MA with 8 branch locations and about $706.99 million in total assets. Opened 102 years ago in 1922, ALIGN CREDIT UNION has about 28,102 members and employs 125 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ALIGN CREDIT UNION |
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Address: (Main Office) | 40 Market St LOWELL, MA 01852 |
Phone: | (800) 942-9575 |
Fax: | (978) 454-4706 |
Website: | https://www.aligncu.com |
Branches: | 8 branch locations |
Members: | 28,102 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66365 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1922 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $706,989,824 |
CEO/Manager: | Lydia M Vazquez |
Chairperson: | George R Gagan |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,259,598 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 332,470,114 |
Unsecured Loans | 39,515,458 |
Other Loans | 29,860,683 |
TOTAL LOANS | 401,879,588 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,609,125 |
Land And Building | 7,370,169 |
Other Fixed Assets | 636,042 |
NCUSIF Deposit | 5,426,065 |
All Other Assets | 0 |
TOTAL ASSETS | 706,989,824 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 97,000,000 |
Accounts Payable & Other Liabilities | 4,796,194 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 107,801,409 |
Regular shares | 215,241,047 |
All Other Shares & Deposits | 242,500,476 |
TOTAL SHARES & DEPOSITS | 565,542,932 |
TOTAL LIABILITIES | 667,339,126 |
Regular Reserve | 0 |
Other Reserves | 25,303,289 |
Undivided Earnings | 14,347,409 |
TOTAL EQUITY | 39,650,698 |
TOTAL LIABILITIES, SHARES, & EQUITY | 706,989,824 |
INCOME & EXPENSE | |
Loan Income | 13,242,694 |
Investment Income | 4,862,971 |
Other Income | 481,696 |
Total Employee Compensation & Benefits | 8,817,270 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,183,403 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 378,062 |
Cost of Funds | 8,953,028 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -3,437,374 |
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