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Overview / Commentary
710 Grattan St
Chicopee, MA 01020-1255

Alden Credit Union is headquartered in Chicopee and is the 48th largest credit union in the state of Massachusetts. It is also the 1,297th largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 35 employees and 18,056 members. Alden Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to all residents of Hampden and Hampshire Counties in Massachusetts. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Alden Credit Union had $1.13 million in non-current loans and owned real-estate with $11.12 million in equity and loan loss allowances on hand to cover it. This gives Alden Credit Union a Texas Ratio of 10.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Alden Credit Union increased slightly from 4.48% as of March 31, 2013 to 10.13% as of March 31, 2014, resulting in a negative change of 125.98%. This indicates that the balance sheet and financial strength for Alden Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Alden Credit Union has increased its total deposits by $14.49 million, resulting in 15.66% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alden Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alden Credit Union has $126.61 million in assets with $11.12 million in equity, resulting in a capitalization level of 8.78%, which is average.

Institution Statistics

NCUA #67951
Year Chartered1939
Primary Regulator
Assets and Liabilities
Assets$126.61 million
Loans$96.84 million
Deposits$107.05 million
Equity Capital$10.75 million
Loan Loss Allowance$368,000
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$0
Historic Data - March 2013
Assets$107.81 million
Equity Capital$11.63 million
Loan Loss Allowance$418,000
Unbacked Noncurrent Loans$1.13 million
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.37%
Return on Equity4.35%
Interest Income$1.55 million

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Alden Credit Union Savings Account Rates

0.10%--Statement Savings
0.10%--IRA Savings

Alden Credit Union Money Market Rates

0.45%$100k-Money Market Account

Alden Credit Union Checking Account Rates

0.10%--No Nonsense Plus Checking
0.10%--No Nonsense Business Plus Checking

Alden Credit Union CD Rates

1.81%$1k-5 Year CD
1.01%$1k-3 Year CD
0.90%$1k-30 Month CD
0.85%$1k-2 Year CD
0.60%$1k-18 Month CD
0.55%$1k-1 Year CD
0.40%$1k-6 Month CD

Alden Credit Union IRA Rates

1.81%$1k-5 Year IRA
1.01%$1k-3 Year IRA
0.90%$1k-30 Month IRA
0.85%$1k-2 Year IRA
0.60%$1k-18 Month IRA
0.55%$1k-1 Year IRA

Alden Credit Union Locations
Branch Office710 Grattan StChicopee, MA 01020-1255
Branch Office650 Memorial DrChicopee, MA 01020
Branch Office30 Main StAmherst, MA 01002-2328