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National Credit Union Service Organization

ALIGN CREDIT UNION

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.


ABA Routing Number: 211383901
Name:ALIGN CREDIT UNION
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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