Nonprofit · EIN 04-1020315
ALDEN CREDIT UNION
Tax-exempt · CHICOPEE, MA 01020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $8,810,795 | $8,471,713 | $339,082 | $190,395,015 | $177,112,493 | $13,282,522 |
| December 31, 2024 | 990 | $8,583,013 | $8,347,407 | $235,606 | $194,057,008 | $182,477,032 | $11,579,976 |
| December 31, 2023 | 990 | $8,264,319 | $7,868,875 | $395,444 | $200,407,802 | $189,092,315 | $11,315,487 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,952,562
- Investment income
- $858,233
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $845,166
- Other salaries and wages
- $891,145
- Salaries, compensation and benefits (total)
- $2,006,798
- Professional fundraising fees
- $0
- Legal fees
- $109,679
- Accounting fees
- $114,000
- Occupancy
- $326,204
- Depreciation
- $297,713
Balance sheet and other
- Total assets, start of year
- $194,057,008
- Total assets, end of year
- $190,395,015
- Total liabilities, end of year
- $177,112,493
- Net assets, end of year
- $13,282,522
- Land, buildings and equipment
- $8,753,593
- Publicly traded securities
- $22,372,554
- Gross unrelated business income
- $19,970
- Gross receipts
- $8,810,795
- Employees
- 33
- Volunteers
- 9
- Year formed
- 1939
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM CORCORAN | PRESIDENT/CEO Trustee or director, Officer | 40 | $343,388 | $44,156 |
| KIMBERLY SEAVER | SVP LENDING Officer | 40 | $153,305 | $15,786 |
| JENNIFER ALVES FAUSTINO | SVP- DEPOSIT OPERATIONS/BS Officer | 40 | $146,565 | $11,558 |
| SARA PIROG | VP OF SERVICING & FINANCE Officer | 40 | $108,311 | $22,097 |
| MARC DUGRE | CHAIRMAN Trustee or director | 4 | $0 | $0 |
| KEVIN GARVIN | CLERK Trustee or director | 4 | $0 | $0 |
| ROB DESORMIER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| GLENN BEAUREGARD | 2ND VICE CHAIRMAN Trustee or director | 4 | $0 | $0 |
| KAREN KIRBY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| BENJAMIN SABBS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| NEAL QUENSNEL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JAY HAMBLEY | 1ST VICE CHAIRMAN Trustee or director | 4 | $0 | $0 |
| WILLIAM EZEDINE | DIRECTOR Trustee or director | 4 | $0 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM CORCORAN | PRESIDENT/CEO Trustee or director, Officer | 40 | $265,667 | $51,888 |
| JENNIFER ALVES FAUSTINO | SVP- DEPOSIT OPERATIONS/BS Officer | 40 | $120,511 | $30,980 |
| KIMBERLY SEAVER | SVP LENDING Officer | 40 | $123,880 | $18,993 |
| SARA BARNES | VP OF SERVICING & FINANCE Officer | 40 | $86,006 | $16,355 |
| NANCY DUFFY | DIRECTOR OF MORTGAGE OPERATIONS Officer | 40 | $62,802 | $7,400 |
| LAURIE J ROLLINS | FORMER CFO Officer | 40 | $28,272 | $0 |
| MARC DUGRE | CHAIRMAN Trustee or director | 4 | $0 | $0 |
| KEVIN GARVIN | CLERK Trustee or director | 4 | $0 | $0 |
| ROB DESORMIER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| GLENN BEAUREGARD | 2ND VICE CHAIRMAN Trustee or director | 4 | $0 | $0 |
| KAREN KIRBY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| BENJAMIN SABBS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| NEAL QUENSNEL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JAY HAMBLEY | 1ST VICE CHAIRMAN Trustee or director | 4 | $0 | $0 |
| WILLIAM EZEDINE | DIRECTOR Trustee or director | 4 | $0 | $0 |
| MICHAEL LABRIE | DIRECTOR Trustee or director | 4 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADAM CORCORAN | PRESIDENT/CEO Trustee or director, Officer | 40 | $269,888 | $50,006 |
| LAURIE J ROLLINS | SVP OF FINANCE/TREASURER Officer | 40 | $114,982 | $29,468 |
| KIMBERLY SEAVER | SVP LENDING Officer | 40 | $122,379 | $17,399 |
| JENNIFER ALVES FAUSTINO | SVP- DEPOSIT OPERATIONS/BS Officer | 40 | $122,604 | $10,697 |
| SARA BARNES | VP OF SERVICING & FINANCE Officer | 40 | $81,417 | $13,317 |
| MARC DUGRE | CHAIRMAN Trustee or director | 4 | $0 | $0 |
| KEVIN GARVIN | CLERK Trustee or director | 4 | $0 | $0 |
| ROB DESORMIER | DIRECTOR Trustee or director | 4 | $0 | $0 |
| GLENN BEAUREGARD | 2ND VICE CHAIRMAN Trustee or director | 4 | $0 | $0 |
| KAREN KIRBY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| BENJAMIN SABBS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| NEAL QUENSNEL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JAY HAMBLEY | 1ST VICE CHAIRMAN Trustee or director | 4 | $0 | $0 |
| WILLIAM EZEDINE | DIRECTOR Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 710 GRATTAN ST, CHICOPEE, MA 01020-1255
- Principal officer (990 for 2025)
- ADAM CORCORAN, 710 GRATTAN STREET, CHICOPEE, MA 01020
- Signed the 990
- ADAM CORCORAN, PRESIDENT & CEO
- Phone
- (413) 536-0475
- Website
- WWW.ALDENCU.COM
- Return prepared by
- GERALD T REILLY & COMPANY
Mission
MUTUAL CREDIT UNION THAT PROVIDES FINANCIAL SERVICES, PRIMARY DEPOSIT ACCOUNTS AND LOANS TO MEMBERS IN THE HAMPDEN AND HAMPSHIRE COUNTIES OF MASSACHUSETTS.
Program accomplishments
- MUTUAL CREDIT UNION THAT PROVIDES FINANCIAL SERVICES, PRIMARY DEPOSIT ACCOUNTS AND LOANS TO MEMBERS IN THE HAMPDEN AND HAMPSHIRE COUNTIES OF MASSACHUSETTS. TOTAL MEMBERS AS OF DECEMBER 31, 2025 TOTALED 12,872.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-1020315
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1945
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $190,395,015
- Income (IRS master file)
- $8,810,795
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $8,810,795 | $8,471,713 | $190,395,015 | XML |
| 990 | December 2024 | $8,583,013 | $8,347,407 | $194,057,008 | IRS |
| 990 | December 2023 | $8,264,319 | $7,868,875 | $200,407,802 | XML |
| 990 | December 2022 | $7,263,216 | $6,221,885 | $195,454,691 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-1020315).
Questions about ALDEN CREDIT UNION
- What is the EIN of ALDEN CREDIT UNION?
- The employer identification number (EIN) of ALDEN CREDIT UNION is 04-1020315.
- Is ALDEN CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1945.
- Are donations to ALDEN CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALDEN CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ALDEN CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ALDEN CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of ALDEN CREDIT UNION?
- The 990 for the year ended December 31, 2025 names ADAM CORCORAN.
- Who are the officers and directors of ALDEN CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 13 people; 4 received compensation from the organization, the highest $343,388 (ADAM CORCORAN, PRESIDENT/CEO).
- How much revenue does ALDEN CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $8,810,795, expenses of $8,471,713 and total assets of $190,395,015 at year end.
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