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ALDEN CREDIT UNION

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Public IRS 990 nonprofit record

ALDEN CREDIT UNION

EIN 04-1020315 · Mutual & Membership Benefit (Y)

What they do

MUTUAL CREDIT UNION THAT PROVIDES FINANCIAL SERVICES, PRIMARY DEPOSIT ACCOUNTS and LOANS to MEMBERS IN THE HAMPDEN and HAMPSHIRE COUNTIES of MASSACHUSETTS.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$97.25spent for every $100 of revenueRevenue covered expenses this year.
$23.25in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $317,555 for ADAM CORCORAN (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$8,583,013
Expenses$8,347,407
Annual surplus $235,606 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$8,583,013
Expenses$8,347,407
Assets$194,057,008
Income$8,583,013
Stocks and bonds$27,315,919
Accounting fees$134,500
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
ADAM CORCORANPRESIDENT/CEO · 40 hrs/week $317,555Base $265,667 · Other $51,888
JENNIFER ALVES FAUSTINOSVP- DEPOSIT OPERATIONS/BS · 40 hrs/week $151,491Base $120,511 · Other $30,980
KIMBERLY SEAVERSVP LENDING · 40 hrs/week $142,873Base $123,880 · Other $18,993
SARA BARNESVP OF SERVICING & FINANCE · 40 hrs/week $102,361Base $86,006 · Other $16,355
NANCY DUFFYDIRECTOR OF MORTGAGE OPERATIONS · 40 hrs/week $70,202Base $62,802 · Other $7,400
LAURIE J ROLLINSFORMER CFO · 40 hrs/week $28,272

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

ADAM CORCORANPRESIDENT/CEO

JENNIFER ALVES FAUSTINOSVP- DEPOSIT OPERATIONS/BS

KIMBERLY SEAVERSVP LENDING

SARA BARNESVP OF SERVICING & FINANCE

NANCY DUFFYDIRECTOR OF MORTGAGE OPERATIONS

LAURIE J ROLLINSFORMER CFO

BENJAMIN SABBSDIRECTOR

GLENN BEAUREGARD2ND VICE CHAIRMAN

JAY HAMBLEY1ST VICE CHAIRMAN

KAREN KIRBYDIRECTOR

KEVIN GARVINCLERK

MARC DUGRECHAIRMAN

MICHAEL LABRIEDIRECTOR

NEAL QUENSNELDIRECTOR

ROB DESORMIERDIRECTOR

WILLIAM EZEDINEDIRECTOR

About this charity

Recognized since
January 1945
Location
710 GRATTAN STREET, CHICOPEE, MA 01020
County
Hampden
In care of
ADAM CORCORAN
Primary officer
ADAM CORCORAN, PRESIDENT & CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
GERALD T REILLY & COMPANY
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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