2016-05-10T15:03:23-05:00 2015-12-31 042865785 MERCADANTE & MERCADANTE PC CPA'S PO BOX 2125 FITCHBURG MA 01420 990 2015-01-01 041680140 ALIGN CREDIT UNION ALIG 9784529961 40 MARKET STREET LOWELL MA 01851 KENNETH M DEL ROSSI PRESIDENT AND CEO 9784529961 2016-05-15 ANTHONY J MERCADANTE P00541053 9783420647 2016-05-06 2015 2016-09-27 15:27:22Z KENNETH M DEL ROSSI 40 MARKET STREET LOWELL MA 01851 21778250 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 12 12 148 17217 -92017 0 12498785 13069117 4932541 4603013 3532614 4106120 20963940 21778250 0 2781641 2587159 9375854 9192087 0 0 8597589 8779081 20755084 20558327 208856 1219923 561341429 563550434 494331494 494911079 67009935 68639355 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 2587159 DIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS 7460296 EMPLOYEE SALARIES, WAGES AND BENEFITS (EXCLUDING OFFICERS) 29989 MEMBER SERVICES 10077444 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 12669 0 false 148 false true true false false false false false X 12 12 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 260354 0 117962 GEORGE R GAGAN CHAIRMAN X 0 0 0 FRANCIS J MCKENNEY 1ST VICE-CHA X 0 0 0 STEVEN P SOUSA TREASURER X 0 0 0 KAREN A MORRIS CLERK X 0 0 0 STEVEN J BABBITT DIRECTOR X 0 0 0 JOHN J CROWLEY DIRECTOR X 0 0 0 FRANK H LOSPENNATO DIRECTOR 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 217580 0 25561 SUE MORRISON SR VP OF HR/ 40.00 X 150306 0 11624 JUDY DODIER VP OF HOME F 40.00 X 122533 0 22122 JOANNE MCCARTHY SR VP OF RET 40.00 X 114981 0 9325 865754 186594 5 false true false LOAN INTEREST INCOME 13069117 13069117 13069117 4603013 4603013 OTHER REVENUE 2234448 2234448 ATM INT CHG INC 879322 879322 INT CHG CREDIT CARD 670910 670910 321440 304223 17217 4106120 21778250 21761033 17217 2587159 2587159 892987 892987 5837156 5837156 650162 415285 234877 1289781 859854 429927 522001 348001 174000 28438 28438 502232 502232 1108161 1108161 117015 78010 39005 442936 442936 942407 942407 OTHER EXPENSES 3005235 3005235 SERVICE CONTRACT 1443834 1443834 ADVERTISING/MARKETING 750966 750966 CREDIT CARD EXPENSE 485878 485878 -48021 -48021 20558327 10077444 10480883 0 5000095 5043457 10009657 16792974 311658995 337408993 15912121 6926389 9253041 8985732 210559952 180797059 5253000 4952800 9606689 9569419 561341429 563550434 327586 464811 494003908 494446268 494331494 494911079 X 67009935 68639355 67009935 68639355 561341429 563550434 1219923 409497 X false true X true false 2125000 2125000 9742025 4104865 5637160 4045096 2821524 1223572 8985732 MEMBERS' SHARE AND DEPOSIT ACCOUNTS 426140486 BORROWINGS 65000000 OTHER LIABILITIES 1851956 MORTGAGORS' TAX ESCROW 1424218 FC DISC RATE ADJ CDS 29608 494446268 21778250 21778250 21778250 20558327 20558327 20558327 false false false KENNETH M DEL ROSSI PRESIDENT AND CEO 237056 13183 10115 10775 107187 378316 THOMAS HAMMOND CFO 208627 3962 4991 6251 19310 243141 SUE MORRISON SR VP OF HR/OPERATIO 146661 3061 584 4400 7224 161930 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