Overview / Commentary
Align Credit Union is headquartered in Lowell and is the 19th largest credit union in the state of Massachusetts. It is also the 497th largest credit union in the nation. It was established in 1922 and as of June of 2020, it had grown to 115 employees and 27,515 members at 6 locations. Align Credit Union has an A 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
A
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66365 |
| Year Chartered | 1922 |
| Employees | 115 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.2% |
| Return on Equity - YTD | 1.69% |
| Annual Interest Income | $11.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $699.6MM$594.9MM |
| Loans | Q2 2020vs Q2 2019 | $412.9MM$399.2MM |
| Deposits | Q2 2020vs Q2 2019 | $524.5MM$443.8MM |
| Equity Capital | Q2 2020vs Q2 2019 | $81.8MM$73.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $1.3MM$847.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $3.2MM$1.1MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $0$0 |