Overview / Commentary
Alpha Credit Union is headquartered in Boston and is the 77th largest credit union in the state of Massachusetts. It is also the 2,706th largest credit union in the nation. It was established in 1942 and as of June of 2023, it had grown to 6 employees and 4,085 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 2023
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 | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.83% |
| Return on Equity - YTD | 6.49% |
| Annual Interest Income | $581.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $38.8MM$39.4MM |
| Loans | Q2 2023vs Q2 2022 | $18.4MM$17.8MM |
| Deposits | Q2 2023vs Q2 2022 | $33.8MM$34.6MM |
| Equity Capital | Q2 2023vs Q2 2022 | $4.9MM$4.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$64.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $59.00K$5.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |