2025-04-22T09:14:24-07:00 2024-12-31 990 2024-01-01 046054447 ALPHA CREDIT UNION ALPH 6176328164 One Deaconess Road Boston MA 022155321 Joette DeMeo CEO 6176328164 2025-04-22 1 2024 2025-03-06 01:10:19Z X Joette DeMeo One Deaconess Rd Boston MA 02215 1683649 0 X www.alphacu.com X Credit Union 1942 MA Credit Union: Provide accounts and loans to members with a current membership of 3938. 9 8 0 8 0 0 0 0 1049112 1056437 495262 627212 0 0 1544374 1683649 0 0 0 0 544234 630084 0 0 0 585959 595174 1130193 1225258 414181 458391 36816826 34452132 31625136 28802051 5191690 5650081 Alpha Credit Union is a full service, member owned financial institution whose purpose is to promote thrift and to loan money at fair and reasonable rates of interest. We are not for profit, not charity, but rather for our members' service and benefit. 0 0 Provide accounts and loans to members. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X Joette DeMeo 6176328164 One Deaconess Road Boston MA 022155321 Joette DeMeo CEO 40 0 X X X X 187400 0 0 Kristine Hanscom Board Chair 3 0 X X 0 0 0 Patricia Hayward Esq Vice Chair Board 1 0 X 0 0 0 Mary Leupold Secretary 2 0 X X 0 0 0 Peter Macaulay Board Member 2 0 X X 0 0 0 Jeannette Blackler Board Member 2 0 X 0 0 0 Jane Hayward Board Member 2 0 X 0 0 0 Susan Dunn Board Member 2 0 X 0 0 0 David Baker Board Member 1 0 X 0 0 0 187400 0 0 1 0 1 0 0 0 1056437 1056437 0 0 1056437 627212 627212 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1683649 1683649 0 0 630084 27686 18568 92340 62455 40711 14 12000 27422 61823 13803 Association Dues 4864 ATM/Debit Card Expense 112308 Lending Expenses 41014 Provision for Loan Losses 80166 1225258 0 0 0 602438 2106276 15597054 14048762 410728 524680 18185057 17601423 121032 108435 318998 312392 63818 6606 1836699 55950 36816826 34452132 146498 251596 31478638 28550455 31625136 28802051 X 0 0 0 0 5191690 5650081 5191690 5650081 36816826 34452132 458391 0 0 0 0 0 X 0 1 X 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 318998 0 312392 6606 6606 Member's Shares 28550455 28550455 1683649 0 0 0 0 0 1683649 0 0 0 1683649 1225258 0 0 0 0 0 1225258 0 0 0 1225258 X 0 0 0 Joette DeMeo CEO 163000 0 24400 0 0 0 0 0 0 0 187400 0 0 0 Form 990, Part VI, Section A, Line 6 Credit unions are comprised of members. Every account holder is a member. Form 990, Part VI, Section A, Line 7a The membership elects and votes on a governing body. Form 990, Part VI, Section A, Line 7b Each member has one vote at the election of the Bord of Directors. If joint account, still only one vote per account number. Governance decisions are reserved for the Board of Directors. Form 990, Part VI, Section B, Line 11b The form 990 is reviewed by the Board Chair prior to submission Form 990, Part VI, Section B, Line 12c Directors are asked to disclose any conflicts of interest that may arise during the year, not just at the annual signing. Form 990, Part VI, Section B, Line 15 The Board of Directors review the CEO's salary based on the CEO's overall performance and it's peer and industry averages, prior to determining salary. The last review was conducted January 2025. Form 990, Part VI, Section C, Line 19 Financial Statements are posted in the lobby of the credit union. The 990 and Conflict of Interest Policy are available upon request.