2015-05-12T13:49:59-05:00 2014-12-31 042865785 MERCADANTE & MERCADANTE PC CPA'S PO BOX 2125 FITCHBURG MA 01420 990 2014-01-01 041680140 ALIGN CREDIT UNION ALIG 9784529961 40 MARKET STREET LOWELL MA 01851 KENNETH DEL ROSSI PRESIDENT 9784529961 2015-05-10 ANTHONY J MERCADANTE P00541053 9783420647 2015-05-12 2014 2016-03-07 17:11:31Z KENNETH DEL ROSSI 40 MARKET STREET LOWELL MA 01851 20963940 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 12 133 18653 -84944 0 12345603 12498785 3988140 4932541 5844811 3532614 22178554 20963940 0 3005879 2781641 9033773 9375854 0 0 9683234 8597589 21722886 20755084 455668 208856 546495467 561341429 484602039 494331494 61893428 67009935 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 2781641 DIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS 6878414 EMPLOYEE SALARIES, WAGES AND BENEFITS (EXCLUDING OFFICERS) 114525 MEMBER SERVICES 9774580 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 12779 0 false 133 false true true false false false false false X 12 12 false false false false true true true true true false false true 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 342708 0 144594 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 DANIEL P GOLDEN 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 205227 0 48503 SUE MORRISON SR VP OF HR/ 40.00 X 142259 0 27906 JOANNE MCCARTHY SR VP OF RET 40.00 X 133616 0 26547 JUDY DODIER VP OF HOME F 40.00 X 116705 0 25040 940515 272590 5 false true false INTERST INCOME 12498785 12498785 12498785 4346751 4346751 585790 585790 585790 585790 OTHER REVENUE 2032271 2032271 ATM INT CHG INC 827623 827623 INT CHG CREDIT CARD 654067 654067 18653 18653 3532614 20963940 20945287 18653 2781641 2781641 1059538 1059538 5623844 5623844 753236 422809 330427 1383187 461062 922125 556049 370699 185350 20781 20781 495602 495602 1002592 1002592 74702 49801 24901 390278 390278 956622 956622 MISCELLANEOUS 3132277 3132277 SERVICE CONTRACT 1147692 1147692 ADVERTISING/MARKETING 875639 875639 CREDIT CARD EXPENSE 436680 436680 64724 64724 20755084 9774580 10980504 0 4187610 5000095 5005816 10009657 283599270 311658995 15432983 6179942 9865675 9253041 229204677 210559952 4918800 5253000 9713619 9606689 546495467 561341429 444821 327586 484157218 494003908 484602039 494331494 X 61893428 67009935 61893428 67009935 546495467 561341429 208856 4907651 X X false true X true 2125000 2125000 9435666 3881667 5553999 3872317 2298275 1574042 9253041 MEMBERS' SHARE AND DEPOSIT ACCOUNTS 416289450 BORROWINGS 75000000 OTHER LIABILITIES 1508305 MORTGAGORS' TAX ESCROW 1206153 494003908 20963940 20963940 20963940 20755084 20755084 20755084 X X X X false false false KENNETH M DEL ROSSI PRESIDENT AND CEO 320490 12441 9777 126287 18307 487302 THOMAS HAMMOND CFO 197216 3828 4183 30784 17719 253730 SUE MORRISON SR VP OF HR/OPERATIO 138962 2724 573 21189 6717 170165 JOANNE MCCARTHY SR VP OF RETAIL 130537 2506 573 19956 6591 160163 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 FORM 990, PAGE 12, PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT AUDITOR.