Nonprofit · EIN 04-6054447
ALPHA CREDIT UNION
Tax-exempt · BOSTON, MA 02215
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,781,911 | $1,191,546 | $590,365 | $34,772,929 | $28,532,483 | $6,240,446 |
| December 31, 2024 | 990 | $1,683,649 | $1,225,258 | $458,391 | $34,452,132 | $28,802,051 | $5,650,081 |
| December 31, 2023 | 990 | $1,544,374 | $1,130,193 | $414,181 | $36,816,826 | $31,625,136 | $5,191,690 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,121,231
- Investment income
- $660,680
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $655,335
- Salaries, compensation and benefits (total)
- $655,335
- Professional fundraising fees
- $0
- Accounting fees
- $17,980
- Occupancy
- $50,706
- Travel
- $13,057
- Depreciation
- $5,822
Balance sheet and other
- Total assets, start of year
- $34,452,132
- Total assets, end of year
- $34,772,929
- Total liabilities, end of year
- $28,532,483
- Net assets, end of year
- $6,240,446
- Land, buildings and equipment
- $2,893
- Gross receipts
- $1,781,911
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1942
- 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 |
|---|---|---|---|
| Joette DeMeo | CEO Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $202,575 |
| Kristine Hanscom | Board Chair Trustee or director, Officer | 3 | $0 |
| Patricia Hayward Esq | Vice Chair Board Trustee or director | 2 | $0 |
| Mary Leupold | Secretary Trustee or director, Officer | 2 | $0 |
| Peter Macaulay | Board Member Trustee or director, Officer | 2 | $0 |
| Jeannette Blackler | Board Member Trustee or director | 2 | $0 |
| Jane Hayward | Board Member Trustee or director | 2 | $0 |
| Susan Dunn | Board Member Trustee or director | 2 | $0 |
| David Baker | Board Member Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joette DeMeo | CEO Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $187,400 |
| Kristine Hanscom | Board Chair Trustee or director, Officer | 3 | $0 |
| Patricia Hayward Esq | Vice Chair Board Trustee or director | 1 | $0 |
| Mary Leupold | Secretary Trustee or director, Officer | 2 | $0 |
| Peter Macaulay | Board Member Trustee or director, Officer | 2 | $0 |
| Jeannette Blackler | Board Member Trustee or director | 2 | $0 |
| Jane Hayward | Board Member Trustee or director | 2 | $0 |
| Susan Dunn | Board Member Trustee or director | 2 | $0 |
| David Baker | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Joette DeMeo | CEO Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $175,000 |
| Kristine Hanscom | Board Chair Trustee or director, Officer | 3 | $0 |
| Patricia Hayward Esq | Vice Chair Board Trustee or director, Officer | 1 | $0 |
| Mary Leupold | Secretary Trustee or director, Officer | 1 | $0 |
| Peter Macaulay | Board Member Trustee or director, Officer | 1 | $0 |
| Jeannette Blackler | Board Member Trustee or director | 1 | $0 |
| Jane Hayward | Board Member Trustee or director | 1 | $0 |
| Susan Dunn | Board Member Trustee or director | 1 | $0 |
| David Baker | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1 DEACONESS RD, BOSTON, MA 02215-5321
- Principal officer (990 for 2025)
- Joette DeMeo, One Deaconess Rd, Boston, MA 02215
- Signed the 990
- Joette DeMeo, CEO
- Phone
- (617) 632-8164
- Website
- www.alphacu.com
Mission
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.
Program accomplishments
- Provide accounts and loans to members.
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
- 04-6054447
- 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)
- $34,772,929
- Income (IRS master file)
- $1,781,911
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,781,911 | $1,191,546 | $34,772,929 | IRS |
| 990 | December 2024 | $1,683,649 | $1,225,258 | $34,452,132 | XML |
| 990 | December 2023 | $1,544,374 | $1,130,193 | $36,816,826 | XML |
| 990 | December 2022 | $1,215,069 | $1,078,188 | $38,265,467 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 04-6054447).
Questions about ALPHA CREDIT UNION
- What is the EIN of ALPHA CREDIT UNION?
- The employer identification number (EIN) of ALPHA CREDIT UNION is 04-6054447.
- Is ALPHA CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1945.
- Are donations to ALPHA CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ALPHA 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 ALPHA 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 ALPHA 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 ALPHA CREDIT UNION?
- The 990 for the year ended December 31, 2025 names Joette DeMeo.
- Who are the officers and directors of ALPHA CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 9 people; 1 received compensation from the organization, the highest $202,575 (Joette DeMeo, CEO).
- How much revenue does ALPHA CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,781,911, expenses of $1,191,546 and total assets of $34,772,929 at year end.
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