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 521st largest credit union in the nation. It was established in 1922 and as of March of 2021, it had grown to 122 employees and 27,406 members at 9 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 Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66365 |
| Year Chartered | 1922 |
| Employees | 122 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.05% |
| Return on Equity - YTD | 0.5% |
| Annual Interest Income | $4.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $717.9MM$674.6MM |
| Loans | Q1 2021vs Q1 2020 | $376.1MM$413.8MM |
| Deposits | Q1 2021vs Q1 2020 | $592.5MM$489.3MM |
| Equity Capital | Q1 2021vs Q1 2020 | $77.4MM$73.0MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $1.3MM$1.2MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $2.1MM$1.4MM |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |