Overview
What is Alpha Credit Union?
Alpha Credit Union is a member-owned, nonprofit financial institution, situated beyond the realm of charity, with the primary goal of fostering savings and lending at reasonable interest rates for its members' advantage. Established with a current membership of 5838 individuals, the credit union offers various financial services, including accounts and loans. The institution is dedicated to serving its members effectively and fairly, ensuring their financial well-being.
Official website here: www.alphacu.com
Is Alpha Credit Union legitimate?
Alpha Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Alpha 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $594,561
For more financial information, click here
Official website here: www.alphacu.com
What is the mission statement of Alpha Credit Union?
Alpha Credit Union, as a member-owned financial institution, operates with the primary mission of promoting savings and offering loans at reasonable interest rates. It is not driven by profit or charity, but rather is committed to serving and benefiting its members. The credit union provides a variety of financial services, including accounts and loans, to its current membership of over 4100 individuals. Its purpose is to support the financial well-being of its members, offering them accessible and affordable financial solutions.
Official website here: www.alphacu.com
Who is the CEO of Alpha Credit Union?
Joette Demeo is the Ceo of Alpha Credit Union. The CEO's salary of Alpha Credit Union is $160,000 and their total compensation is $160,000.
Official website here: www.alphacu.com
What is the revenue of Alpha Credit Union?
Alpha Credit Union's revenue in 2022 was $1,215,069.
Official website here: www.alphacu.com
Who are the executives of Alpha Credit Union and what are their salaries?
There 8 volunteers at Alpha Credit Union.
Here are 9 key members and their salaries (Alpha Credit Union's CEO's salary is $160,000 and their total compensation is $160,000):
- Compensation: $160,000
- 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: $0
- Related: $0
- Other: $0
Official website here: www.alphacu.com
Where can I find the form 990 for Alpha Credit Union?
Alpha Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alphacu.com
Learn more at the official website: www.alphacu.com
Mission Statement of Alpha Credit Union
Alpha Credit Union, as a member-owned financial institution, is committed to promoting savings among its members and offering them loans at reasonable interest rates. It operates on a not-for-profit basis, prioritizing the service and benefit of its members rather than seeking profit or charity. The credit union's mission is to foster thrift and lend funds, ensuring fairness and affordability for its members. In essence, Alpha Credit Union serves as a financial cooperative, dedicated to the financial well-being of its members.
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Impact
October, 2024
Alpha Credit Union plays a significant role in enhancing the financial well-being of its members in Boston, MA. With a membership that has grown to 5,838 individuals, it serves as a vital resource for community members by providing access to a variety of financial services, including accounts and loans. By promoting thrift and offering loans at fair and reasonable rates, Alpha Credit Union empowers its members to achieve their financial goals.
The institution is designed to prioritize the needs of its members, ensuring that every decision made aligns with their best interests. This member-owned structure fosters a sense of community and trust, as profits are reinvested for the benefit of all rather than distributed to shareholders. Alpha Credit Union's commitment to responsible lending helps members secure the funding they need, whether for personal expenses, home purchases, or other significant financial endeavors.
Through its focus on financial education and support, Alpha Credit Union strengthens the economic fabric of Boston, contributing to the overall public benefit by fostering financial stability and literacy among its members.
This information is meant to be a general summary of Alpha 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: $232,605
- Program Service Revenue: $982,464
- Gross Receipts: $1,215,069
Assets and Liabilities:
- Total Assets: $38,265,467
- Total Liabilities: $33,451,792
- Net Assets: $4,813,675
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Organization Details
Founding Year
1942
Phone
(617) 632-8164Principal Officer
Joette Demeo
Main Address
One Deaconess Road, Boston, MA, 022155321
Website
www.alphacu.comNTEE Category
Code: W60 - Public benefit
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