2025-11-14T13:24:05-06:00 2024-12-31 393647910 WIPFLI ADVISORY LLC 30 LONG CREEK DRIVE SOUTH PORTLAND ME 041062437 990 2024-01-01 041680140 ALIGN CREDIT UNION ALIG 8009429575 87 HALE STREET LOWELL MA 01851 LYDIA VAZQUEZ PRESIDENT AND CEO 8009429575 2025-11-13 1 1 JULIA HOWLAND CPA P01711658 2077745701 2025-11-13 2024 2025-03-06 01:10:19Z LYDIA VAZQUEZ 87 HALE STREET LOWELL MA 01851 59650718 0 X WWW.ALIGNCU.ORG X 1922 MA ALIGNING OUR MEMBERS AND COMMUNITIES WITH FINANCIAL TOOLS TO SERVE THEIR NEEDS. 10 9 163 10 61739 0 0 0 18578674 20490500 6385021 5764651 2944576 3230753 27908271 29485904 93584 51810 7030501 9342729 11657697 12680804 0 0 0 12610177 16081404 31391959 38156747 -3483688 -8670843 706708681 669475106 668987920 636104278 37720761 33370828 ALIGNING OUR MEMBERS AND COMMUNITIES WITH FINANCIAL TOOLS TO SERVE THEIR NEEDS. 0 0 DIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS. GRANTING CREDIT TO MEMBERS WITH VARIOUS LOAN PRODUCTS. MEMBER SERVICES INCLUDING DEBIT AND CREDIT CARDS. 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 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 10845 0 1 163 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 9 0 1 0 0 1 1 1 1 1 0 0 0 1 0 1 1 1 1 1 0 MA X LYDIA VAZQUEZ 8009429575 87 HALE STREET LOWELL MA 01851 LYDIA VAZQUEZ PRESIDENT AND CEO 40.00 X X 424563 0 75526 GEORGE R GAGAN CHAIRMAN (TERMED DEC) 1.00 X X 0 0 0 STEVEN J BABBITT VICE CHAIRMAN 1.00 X X 0 0 0 KATHLEEN E MCKENNEY TREASURER 1.00 X X 0 0 0 FRANK H LOSPENNATO TREASURER (TERMED DEC) 1.00 X X 0 0 0 KAREN A MORRIS CLERK (TERMED JUN) 1.00 X X 0 0 0 MARTIN E CONWAY DIRECTOR 1.00 X 0 0 0 JOSEPH FORSTER DIRECTOR 1.00 X 0 0 0 JULIET KALUNGI DIRECTOR 1.00 X 0 0 0 REY LEMAINE DIRECTOR 1.00 X 0 0 0 CAROL MCMAHON DIRECTOR 1.00 X 0 0 0 DAVID R MORRIS DIRECTOR 1.00 X 0 0 0 JOHN MORRIS DIRECTOR 1.00 X 0 0 0 JENNIFER HUSKA SVP CHIEF LENDING OFFICER 40.00 X 124563 0 40722 CALEB SCHULTZ CHIEF INFORMATION OFFICER 40.00 X 166419 0 8827 GARY ABRAMS INTERIM CFO 40.00 X 521553 0 0 JOANNE MCCARTHY CHIEF RETAIL OFFICER & SECURITY OFFICER 40.00 X 206704 0 15875 KENNETH M DEL ROSSI RETIRED PRESIDENT AND CEO (TERMED DEC) 40.00 X 331228 0 43908 SEAN WAWRZKIEWICZ SVP-FINANCE 40.00 X 140754 0 31474 OANH LE VP-ASSISTANT CONTROLLER 40.00 X 130807 0 35061 GARY LONG VP-COLLECTIONS 40.00 X 121434 0 10361 KRISTEN MCNAMARA SVP-HUMAN RESOURCES 40.00 X 118668 0 33648 2286693 0 295402 11 0 1 0 FISERV 75 REMITTANCE DRIVE SUITE 6969 CHICAGO IL 60675 FI TECHNOLOGY 1838448 BOISSONNEAULT ELECTRIC CORP PO BOX 639 DRACUT MA 01826 ELECTRICIAN 1148884 RSM US LLP 5155 PAYSPHERE CIRCLE CHICAGO IL 60674 IT CONSULTING/IT SERVICES 1112310 GARY ABRAMS 78 WESTON LANE HOPKINTON MA 01748 INTERIM CFO 521553 C&G ASSOCIATES INC 7 CHUCK DRIVE SUITE 3 DRACUT MA 01826 FACILITIES/ MAINTENANCE 426408 19 INTEREST ON LOANS 522100 19690922 19690922 799578 799578 20490500 5821837 5821837 30107628 30129814 35000 -22186 -35000 -57186 -57186 ATM & CREDIT CARD INTERCHANGE INC 522100 2183979 2122240 61739 MEMBER SERVICE FEES 522100 532921 532921 WEALTH MANAGEMENT SERVICES 522100 513853 513853 3230753 29485904 23659514 61739 5764651 51810 9342729 1584752 8450178 389832 1470262 785780 14660 1987291 216067 393463 1717882 25631 56355 4137080 1337081 175480 SERVICE CONTRACTS 2477175 PROVISION FOR LOAN LOSS 480000 LOAN FEES 409953 ATM EXPENSE 382539 2270747 38156747 4093797 3349622 11521832 6088116 2245874 2254828 399248578 390470816 20037874 11247569 7999912 8790305 265755613 243166822 3308900 3324100 12534175 12030497 706708681 669475106 2661382 1993970 2135413 2007066 97000000 70000000 567191125 562103242 668987920 636104278 X 0 0 0 0 37720761 33370828 37720761 33370828 706708681 669475106 -8670843 4320910 0 X 0 1 X 1 0 0 1 X 2125000 2125000 12179829 6599995 5579834 5733045 4647574 1085471 8790305 OTHER LIABILITIES 6083422 MEMBERS' SHARE & DEPOSIT ACCOUNTS 556019820 562103242 X 29485904 0 29485904 0 29485904 38156747 0 38156747 0 38156747 PART IV, LINE 2B: THE CREDIT UNION HOLDS FUNDS IN ESCROW TO PAY INSURANCE AND TAXES ON BEHALF OF ITS MORTGAGE LOAN ACCOUNTS. PART X, LINE 2: THE CREDIT UNION MAY RECOGNIZE A LIABILITY FOR UNRECOGNIZED TAX BENEFITS FROM UNCERTAIN TAX POSITIONS. UNRECOGNIZED TAX BENEFITS REPRESENT THE DIFFERENCES BETWEEN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND THE BENEFIT RECOGNIZED AND MEASURED IN THE FINANCIAL STATEMENTS. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE CLASSIFIED AS INCOME TAX EXPENSE. X X X X 0 0 0 GARY ABRAMS INTERIM CFO 521553 0 0 0 0 0 0 0 0 0 521553 0 0 0 LYDIA VAZQUEZ PRESIDENT AND CEO 418141 0 6000 0 422 0 19989 0 55537 0 500089 0 0 0 KENNETH M DEL ROSSI RETIRED PRESIDENT AND CEO (TERMED DE 321987 0 0 0 9241 0 9845 0 34063 0 375136 0 0 0 JOANNE MCCARTHY CHIEF RETAIL OFFICER & SECURITY OFFI 196048 0 7800 0 2856 0 4117 0 11758 0 222579 0 0 0 CALEB SCHULTZ CHIEF INFORMATION OFFICER 159929 0 6490 0 0 0 0 0 8827 0 175246 0 0 0 SEAN WAWRZKIEWICZ SVP-FINANCE 136327 0 4182 0 245 0 0 0 31474 0 172228 0 0 0 OANH LE VP-ASSISTANT CONTROLLER 128704 0 1736 0 367 0 1298 0 33763 0 165868 0 0 0 JENNIFER HUSKA SVP CHIEF LENDING OFFICER 112453 0 5843 0 6267 0 3818 0 36904 0 165285 0 0 0 KRISTEN MCNAMARA SVP-HUMAN RESOURCES 114480 0 3730 0 458 0 410 0 33238 0 152316 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 GARY ABRAMS, INTERIM CFO. SELF-EMPLOYED, RECEIVES A 1099. PERFORMED ALL CFO DUTIES AND RESPONSIBILITIES. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS MEMBERS. FORM 990, PART VI, SECTION A, 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, PART VI, SECTION A, LINE 7B THE CREDIT UNION MEMBERS RATIFY DECISIONS OF THE GOVERNING BODY AT THEIR ANNUAL MEETING AND ELECT DIRECTORS AT THAT TIME. FORM 990, PART VI, SECTION B, 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, PART VI, SECTION B, LINE 12C WE HAVE A WRITTEN CONFLICT OF INTEREST POLICY WITHIN OUR EMPLOYEE GUIDEBOOK. ADDITIONALLY, THE BOARD SIGNS A CODE OF ETHICS AGREEMENT. THE QUESTIONS ARE CONTAINED IN THE POLICY. A COPY OF THE POLICY CAN BE PROVIDED UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 WE USED A CONSULTANT AS WELL AS RELIED ON DIFFERENT SURVEYS AND THE EXPERTISE OF OUR HR DEPARTMENT. SALARIES ARE SET ANNUALLY BY THE SALARY/EXECUTIVE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS. THE CURRENT PRESIDENT/CEO IS REVIEWED ANNUALLY AND EVALUATED ON GOALS SET BY THE BOD. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES THE DOCUMENT AVAILABLE UPON REQUEST.