Overview / Commentary
Alpha Credit Union is headquartered in Boston and is the 81st largest credit union in the state of Massachusetts. It is also the 2,818th largest credit union in the nation. It was established in 1942 and as of December of 2019, it had grown to 7 employees and 4,790 members at 3 locations. Alpha Credit Union has a B+ health rating.
Field of Membership Restrictions
Alpha CU includes, but is not limited to; anyone who is employed at Beth Israel Deaconess Medical Center, Joslin Diabetic Center, Lahey Health, and Tufts Medical Center
See current membership details
Health
B+
Data as of Q4 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Alpha Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67872 |
| Year Chartered | 1942 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.54% |
| Return on Equity - YTD | 3.93% |
| Annual Interest Income | $921.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $31.6MM$31.2MM |
| Loans | Q4 2019vs Q4 2018 | $12.9MM$12.0MM |
| Deposits | Q4 2019vs Q4 2018 | $27.1MM$26.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $4.4MM$4.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $83.00K$84.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $48.00K$75.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |