Overview / Commentary
Alpha Credit Union is headquartered in Boston and is the 83rd largest credit union in the state of Massachusetts. It is also the 2,893rd largest credit union in the nation. It was established in 1942 and as of June of 2016, it had grown to 5 employees and 4,860 members at 2 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 Q2 2016
Learn more about bank healthAdditional 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 | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.21% |
| Return on Equity - YTD | 1.6% |
| Annual Interest Income | $326.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $30.6MM$29.1MM |
| Loans | Q2 2016vs Q2 2015 | $8.9MM$7.5MM |
| Deposits | Q2 2016vs Q2 2015 | $26.5MM$25.2MM |
| Equity Capital | Q2 2016vs Q2 2015 | $4.0MM$3.9MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $57.00K$65.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $91.00K$29.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Rates
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Alpha Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Share Account | |
| 0.10% | - | - | Holiday Club | |
| 0.10% | - | - | Vacation Club |
Locations
| Alpha Credit Union Locations | ||
|---|---|---|
| Branch Office | 185 Pilgrim Rd | Boston, MA 02215 |
| Branch Office | 800 Washington St | Boston, MA 02111 |