Align Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 041680140 ✦ Lowell, MA ✦ Designated as a 501(c)(14)

Overview

What is Align Credit Union?

Align Credit Union is a member-focused financial institution situated unspecified in the information. It operates as a nonprofit organization, accepting savings deposits and extending loans to its members in return. The credit union offers dividends on deposit accounts, providing financial benefits to its members. Additionally, the institution grants accessible credit to its members through various loan products. Member services include debit and credit cards, ensuring convenience and flexibility.


Official website here: www.aligncu.org

Is Align Credit Union legitimate?

Align Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Align 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 not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,453,409
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,393,842

For more financial information, click here


Official website here: www.aligncu.org

What is the mission statement of Align Credit Union?

Align Credit Union is dedicated to serving its members by accepting their deposits and extending accessible credit in return. The financial institution offers various loan products and pays dividends on deposit accounts as benefits. Member services such as debit and credit cards are also available. The mission of Align Credit Union is to provide financial services that cater to the needs of its members, fostering financial growth and stability for individuals and families. The credit union aims to build strong relationships with its members and contribute to their financial well-being. By accepting deposits and granting loans, Align Credit Union acts as a trusted financial partner, dedicated to helping its members achieve their financial goals.


Official website here: www.aligncu.org

Who is the CEO of Align Credit Union?

Kenneth M Del Rossi is the Chairman of Align Credit Union. The CEO's salary of Align Credit Union is $1,840,349 and their total compensation is $1,989,581.


Official website here: www.aligncu.org

What is the revenue of Align Credit Union?

Align Credit Union's revenue in 2022 was $24,433,942.


Official website here: www.aligncu.org

Who are the executives of Align Credit Union and what are their salaries?

The average compensation at Align Credit Union during 2022 was $50,846. There are 174 employees at Align Credit Union.

Here are 19 key members and their salaries (Align Credit Union's CEO's salary is $1,840,349 and their total compensation is $1,989,581):

    Kenneth M Del Rossi (President And Ceo) [Trustee/Director]
  • Compensation: $1,840,349
  • Related: $0
  • Other: $149,232

    • Thomas Hammond (Cfo)
  • Compensation: $283,479
  • Related: $0
  • Other: $53,121

    • Lydia Vazquez (Chief Lending Officer)
  • Compensation: $163,564
  • Related: $0
  • Other: $43,644

    • Joanne Mccarthy (Svp Retail & Chief Retenti)
  • Compensation: $166,017
  • Related: $0
  • Other: $21,077

    • Todd Caron (Cio)
  • Compensation: $146,228
  • Related: $0
  • Other: $40,386

    • Mark Palermo (Svp Chief Investment Offic)
  • Compensation: $140,307
  • Related: $0
  • Other: $41,498

    • Jennifer Huska (Svp Chief Strategy Officer)
  • Compensation: $142,775
  • Related: $0
  • Other: $31,248

    • Maryann Bedard (Senior Vp Consumer Lending)
  • Compensation: $139,786
  • Related: $0
  • Other: $29,220

    • Sandra Lamplough (Svp Operations)
  • Compensation: $128,620
  • Related: $0
  • Other: $29,537

    • George R Gagan (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen A Morris (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven J Babbitt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Frank H Lospennato (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David R Morris (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard W Piecewicz (2Nd Vice-Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan J Sexton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Martin E Conway (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Forster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen E Mckenney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.aligncu.org

    Where can I find the form 990 for Align Credit Union?

    The Align Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.aligncu.org

    Learn more at the official website: www.aligncu.org

    Mission Statement of Align Credit Union

    Align Credit Union, a member-focused financial institution, is dedicated to accepting deposits and extending loans to its members. By doing so, it offers the added benefit of dividends on deposit accounts, providing a financial return for saving. Moreover, Align Credit Union prides itself on making credit accessible, allowing members to borrow for various needs through various loan products.

    Beyond the basic financial services, Align Credit Union places importance on member services. These services include the provision of debit and credit cards, ensuring members have convenient access to their funds. Through its commitment to its members, Align Credit Union has built a reputation for delivering accessible financial solutions and rewards.

    Impact

    This information is meant to be a general summary of Align Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Align Credit Union's impact lies in its role of accepting deposits and granting loans to its members. By offering dividends on deposit accounts and providing accessible credit through various loan products, Align Credit Union plays a significant part in empowering its members financially. This institution not only facilitates financial transactions but also enhances the overall financial well-being of its members by offering services such as debit and credit cards. Through its operations, Align Credit Union contributes to the economic empowerment and stability of individuals in the Lowell, MA area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,692,843
  • Program Service Revenue: $14,524,787
  • Gross Receipts: $25,157,430

    • Assets and Liabilities:
  • Total Assets: $703,539,071
  • Total Liabilities: $668,201,549
  • Net Assets: $35,337,522
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON LOANS

    Revenue

    $14,524,787

    Organization Details

    Founding Year

    1922

    Principal Officer

    Kenneth M Del Rossi

    Main Address

    40 MARKET STREET, LOWELL, MA, 01852

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Align Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.