2017-05-12T11:50:18-04:00 2016-12-31 042865785 MERCADANTE & MERCADANTE PC CPA'S PO BOX 2125 FITCHBURG MA 01420 990 2016-01-01 041680140 ALIGN CREDIT UNION ALIG 9784529961 40 MARKET STREET LOWELL MA 01851 KENNETH M DEL ROSSI PRESIDENT AND CEO 9784529961 2017-05-10 ANTHONY J MERCADANTE P00541053 9783420647 2017-05-11 A929A1A169D6FF880E92E3056E9A8AFB24CA4F4C A929A1A169D6FF880E92E3056E9A8AFB24CA4F4C 2016 2021-01-29 14:40:06Z KENNETH M DEL ROSSI 40 MARKET STREET LOWELL MA 01851 22012738 false X WWW.ALIGNCU.ORG X CREDIT UNION 1922 MA THE CREDIT UNION ACCEPT DEPOSITS AND GRANT LOANS TO ITS MEMBERS. BENEFIT PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS AND GRANTING ACCESIBLE CREDIT TO ITS MEMBERS 10 10 150 24678 -93785 0 13069117 13934391 4603013 3345383 4106120 4732964 21778250 22012738 0 2587159 2395530 9192087 9409600 0 0 8779081 9439033 20558327 21244163 1219923 768575 563550434 583705638 494911079 516985013 68639355 66720625 THE CREDIT UNION ACCEPT DEPOSITS AND GRANT LOANS TO ITS MEMBERS. BENEFIT PAID ARE DIVIDENDS ON DEPOSIT ACCOUNTS AND GRANTING ACCESIBLE CREDIT TO ITS MEMBERS false false 2466578 DIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS 9849761 GRANTING CREDIT TO MEMBERS WITH VARIOUS LOAN PRODUCTS. 33584 MEMBER SERVICES INCLUDING DEBIT AND CREDIT CARDS. 12349923 false false false false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 13812 0 false 150 false true true false false false false false X 10 10 false false false false true true true true true false false false false true true true true false MA X KENNETH M DEL ROSSI 9784529961 40 MARKET STREET LOWELL MA 01851 KENNETH M DEL ROSSI PRESIDENT AN 40.00 X X 426617 0 111441 GEORGE R GAGAN CHAIRMAN X 0 0 0 FRANCIS J MCKENNEY 1ST VICE-CHA X 0 0 0 KAREN A MORRIS CLERK X 0 0 0 STEVEN J BABBITT DIRECTOR X 0 0 0 FRANK H LOSPENNATO TREASURER X 0 0 0 DAVID R MORRIS DIRECTOR X 0 0 0 RICHARD W PIECEWICZ 2ND VICE-CHA X 0 0 0 LINDA L PURTELL DIRECTOR X 0 0 0 ALAN J SEXTON DIRECTOR X 0 0 0 MAXWELL RODGERS DIRECTOR X 0 0 0 THOMAS HAMMOND CFO 40.00 X 228532 0 23531 JOANNE MCCARTHY SR VP OF RET 40.00 X 142096 0 8163 JUDY DODIER VP OF HOME F 40.00 X 123715 0 22697 AMY SPINDLER MORTAGE ORIG 40.00 X 173768 0 22522 1094728 188354 5 false true false LOAN INTEREST INCOME 13934391 13934391 13934391 3345383 3345383 OTHER REVENUE 2482280 2482280 ATM INT CHG INC 945494 945494 INT CHG CREDIT CARD 632531 632531 672659 647981 24678 4732964 22012738 21988060 24678 2395530 2395530 1094728 306674 788054 6041659 6041659 464058 309387 154671 1270149 846808 423341 539006 359339 179667 29101 29101 647151 647151 1076678 1076678 117050 78034 39016 361931 361931 834402 834402 OTHER EXPENSES 3307261 3307261 DATA PROCESSING SERVICES 1683982 1683982 ADVERTISING/MARKETING 886012 886012 CREDIT REPORT 527531 527531 -32066 -33421 1355 21244163 12349923 8894240 0 5043457 4870989 16792974 16324639 337408993 371126389 17060193 7401259 8985732 9658934 180797059 167692213 4952800 4841200 9569419 9191274 563550434 583705638 464811 498547 494446268 516486466 494911079 516985013 X 68639355 66720625 68639355 66720625 563550434 583705638 768575 -2687305 X false true X true false 2125000 2125000 10758096 4186568 6571528 4177097 3214691 962406 9658934 MEMBERS' SHARE AND DEPOSIT ACCOUNTS 433859691 BORROWINGS 79000000 OTHER LIABILITIES 2048000 MORTGAGORS' TAX ESCROW 1578775 FC DISC RATE ADJ CDS 516486466 22012738 22012738 22012738 21244163 21244163 21244163 false false false KENNETH M DEL ROSSI PRESIDENT AND CEO 404532 13638 8447 111441 538058 THOMAS HAMMOND CFO 223040 4358 1134 23531 252063 JOANNE MCCARTHY SR VP OF RETAIL 138386 2658 1052 8163 150259 AMY SPINDLER MORTAGE ORIGINATOR 35198 138552 18 22522 196290 FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION HAS MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A THE CREDIT UNION HOLDS AN ANNUAL MEETING ACCORDING TO ITS BYLAWS WHERE ALL MEMBERS ARE GIVEN PROPER NOTIFICATION. THE BYLAWS CALL FOR THE ELECTION OF DIRECTORS WHOSE TERMS HAVE EXPIRED. FORM 990, PAGE 6, PART VI, LINE 7B THE CREDIT UNION MEMBERS RATIFY DECISIONS OF THE GOVERNING BODY AT THEIR ANNUAL MEETING AND ELECT DIRECTORS AT THAT TIME. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION CONTRACTS WITH THEIR CPA FIRM TO PREPARE FORM 990. AFTER PREPARATION, A DRAFT COPY IS SENT TO THE PRESIDENT AND CEO AND THE CHIEF FINANCIAL OFFICER FOR REVIEW. ONCE APPROVED THE 990 IS FILED. A COPY OF THE 990 IS PROVIDED TO THE AUDIT COMMITTEE AND THE FULL BOARD FOR THEIR REVIEW AND RATIFICATION AT THE MEETING FOLLOWING THE FILING OF THE FORM 990. FORM 990, PAGE 6, PART VI, LINE 15A THE CREDIT UNION USES AN OUTSIDE FIRM THAT DOES COMPENSATION ANALYSIS. THE CONSULTING FIRM SURVEY ALL INDUSTRIES BOTH LOCALLY AND NATIONALLY AND PROVIDES THE CREDIT UNION WITH SALARY LEVEL RECOMMENDATIONS. THE CREDIT UNION'S BOARD OF DIRECTORS SPECICALLY SETS GOALS FOR THE CEO ANNUALLY AND HE IS THEN EVALUATED ON THESE GOALS AND OFFER SALARY WITHIN THE PROVIDED RANGES. FORM 990, PAGE 6, PART VI, LINE 15B THE CREDIT UNION USES AN OUTSIDE FIRM THAT DOES COMPENSATION ANALYSIS. THE CONSULTING FIRM SURVEY ALL INDUSTRIES BOTH LOCALLY AND NATIONALLY AND PROVIDES THE CREDIT UNION WITH SALARY LEVEL RECOMMENDATIONS. THE CREDIT UNION'S BOARD OF DIRECTORS SPECICALLY SETS GOALS FOR THE CEO ANNUALLY AND HE IS THEN EVALUATED ON THESE GOALS AND OFFER SALARY WITHIN THE PROVIDED RANGES. FORM 990, PAGE 6, PART VI, LINE 19 THE CREDIT UNION MAKES THE DOCUMENT AVAILABLE UPON REQUEST