Overview
What is Alden Credit Union?
Alden Credit Union is a mutual credit union located in Chicopee, Massachusetts, specifically at 710 Grattan Street. Established in the Hampden and Hampshire counties, this nonprofit organization offers primary deposit accounts and loans to its members, totaling 14,006 as of December 31, 2022. The primary mission of Alden Credit Union is to provide financial services, catering to the financial needs of its members with integrity and dedication. The credit union's activities primarily revolve around thrift services, ensuring its members have access to reliable financial solutions. With a team of 33 employees, Alden Credit Union is committed to serving its members and fostering a financially secure community in the Massachusetts area.
Official website here: www.aldencu.com
Is Alden Credit Union legitimate?
Alden Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alden Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,019,533
Professional Fundraising Fees: $0
Other Salaries and Wages: $862,099
For more financial information, click here
Official website here: www.aldencu.com
What is the mission statement of Alden Credit Union?
Alden Credit Union, functioning as a mutual credit union, is dedicated to offering financial services, primary deposit accounts, and loans to its members residing in the Hampden and Hampshire counties of Massachusetts. Its mission is to serve its members effectively, providing them with essential financial solutions. The credit union, with a membership count of 14,006 as of December 31, 2022, strives to foster financial well-being and empower its members in their financial journeys.
Official website here: www.aldencu.com
Who is the CEO of Alden Credit Union?
Adam Corcoran is the President/Ceo of Alden Credit Union. The CEO's salary of Alden Credit Union is $375,228 and their total compensation is $426,888.
Official website here: www.aldencu.com
What is the revenue of Alden Credit Union?
Alden Credit Union's revenue in 2022 was $7,263,216.
Official website here: www.aldencu.com
Who are the executives of Alden Credit Union and what are their salaries?
The average compensation at Alden Credit Union during 2022 was $57,019. There are 33 employees and 8 volunteers at Alden Credit Union.
Here are 13 key members and their salaries (Alden Credit Union's CEO's salary is $375,228 and their total compensation is $426,888):
- Compensation: $375,228
- Related: $0
- Other: $51,660
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $153,179
- Related: $0
- Other: $30,573
- Compensation: $137,191
- Related: $0
- Other: $10,009
- Compensation: $161,874
- Related: $0
- Other: $16,191
- Compensation: $71,464
- Related: $0
- Other: $12,164
Official website here: www.aldencu.com
Where can I find the form 990 for Alden Credit Union?
Alden Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aldencu.com
Learn more at the official website: www.aldencu.com
Mission Statement of Alden Credit Union
Alden Credit Union, a mutual credit union, is dedicated to providing financial services to its members residing in Hampden and Hampshire counties of Massachusetts. Its primary focus is on offering primary deposit accounts and loans to these individuals. Acting as a cooperative, Alden Credit Union aims to serve its members by ensuring their financial well-being and stability, with a total membership of 14,006 as of December 31, 2022.
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Impact
October, 2024
Alden Credit Union plays a vital role in the financial landscape of Hampden and Hampshire Counties in Massachusetts. By providing essential financial services, including primary deposit accounts and loans, it supports a diverse membership base of over 14,000 individuals as of December 31, 2022.
Located in Chicopee, the credit union fosters financial stability and growth for its members, helping them achieve their personal financial goals. Its commitment to mutual support and community engagement allows it to tailor services that meet the specific needs of local residents, thereby enhancing the overall economic well-being of the region. This makes Alden Credit Union not just a financial institution, but a critical contributor to the community's financial health and social infrastructure.
This information is meant to be a general summary of Alden Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $592,421
- Program Service Revenue: $6,670,795
- Gross Receipts: $7,263,216
Assets and Liabilities:
- Total Assets: $195,454,691
- Total Liabilities: $184,724,130
- Net Assets: $10,730,561
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$4,636,395
ACCOUNT FEES INCOME
Revenue
$1,220,073
MISCELLANEOUS INCOME
Revenue
$444,325
EMPLOYEE RETENTION CRE
Revenue
$304,651
GAINS ON LOANS SOLD
Revenue
$65,351
Organization Details
Founding Year
1939
Phone
(413) 536-0475Principal Officer
Adam Corcoran
Main Address
710 GRATTAN STREET, CHICOPEE, MA, 01020
Website
www.aldencu.comNTEE Category
Code: W60 - Public benefit
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