Overview / Commentary
Align Credit Union is headquartered in Lowell and is the 23rd largest credit union in the state of Massachusetts. It is also the 571st largest credit union in the nation. It was established in 1922 and as of June of 2022, it had grown to 118 employees and 28,428 members at 9 locations. Align Credit Union has a B+ health rating.
Field of Membership Restrictions
Align Credit Union is open to anyone who lives, works, or attends school in more than 130 cities/towns in eastern Massachusetts or more than 40 cities/towns in southern New Hampshire. Individuals who work for communication companies in eastern Massachusetts or southern New Hampshire also qualify for membership.
See current membership details
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Health
B+
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66365 |
| Year Chartered | 1922 |
| Employees | 118 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.06% |
| Return on Equity - YTD | 1.08% |
| Annual Interest Income | $9.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $698.8MM$724.2MM |
| Loans | Q2 2022vs Q2 2021 | $369.5MM$360.4MM |
| Deposits | Q2 2022vs Q2 2021 | $630.5MM$596.7MM |
| Equity Capital | Q2 2022vs Q2 2021 | $39.7MM$78.7MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.5MM$1.4MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $1.4MM$2.6MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |