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 2,831st largest credit union in the nation. It was established in 1942 and as of December of 2018, it had grown to 5 employees and 4,760 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
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Health
B+
Data as of Q4 2018
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 | 5 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 5.07% |
| Annual Interest Income | $818.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $31.2MM$30.5MM |
| Loans | Q4 2018vs Q4 2017 | $12.0MM$10.1MM |
| Deposits | Q4 2018vs Q4 2017 | $26.9MM$26.4MM |
| Equity Capital | Q4 2018vs Q4 2017 | $4.2MM$4.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $84.00K$66.00K |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $75.00K$57.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates
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Alpha Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.50% | - | - | Holiday Club | |
| 0.50% | - | - | Vacation Club | |
| 0.10% | - | - | Share Account |
Locations
| Alpha Credit Union Locations | ||
|---|---|---|
| Branch Office | 185 Pilgrim Rd | Boston, MA 02215 |
| Branch Office | 800 Washington St | Boston, MA 02111 |