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Nonprofiteer
← ALIGN CREDIT UNION

Form 990 for tax year 2025

Filed by ALIGN CREDIT UNION.

Totals

Total revenue
$30,436,495
Total expenses
$35,621,456
Contributions and grants received
$0
Grants paid
$47,734
Program service revenue
$20,987,562
Investment income
$6,233,188
Other revenue
$3,215,745
Total assets, end of year
$648,886,154
Total liabilities, end of year
$610,055,913
Net assets or fund balances, end of year
$38,830,241
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST ON LOANS

    total $20,304,590 · related or exempt $20,304,590

  • 2f · All other program service revenue

    total $682,972 · related or exempt $682,972

  • 3 · Investment income

    total $5,901,142 · excluded $5,901,142

  • 7a · Gross sales of assets other than inventory

    securities $57,374,261 · other assets $3,600,000

  • 7b · Less cost or other basis and sales expenses

    securities $57,407,919 · other assets $3,234,296

  • 7c · Gain or loss

    securities -$33,658 · other assets $365,704

  • 7d · Net gain or loss

    total $332,046 · excluded $332,046

  • 11a · Other revenue: ATM & CREDIT CARD INTERCHANGE INC

    total $2,046,923 · related or exempt $1,995,573 · unrelated business $51,350

  • 11b · Other revenue: WEALTH MANAGEMENT SERVICES

    total $591,208 · related or exempt $591,208

  • 11c · Other revenue: MEMBER SERVICE FEES

    total $577,614 · related or exempt $577,614

  • 11e · Other revenue, total

    $3,215,745

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $47,734

  • 4 · Benefits paid to or for members

    total $8,847,098

  • 5 · Compensation of officers, directors and key employees

    total $1,672,252

  • 7 · Other salaries and wages

    total $7,567,493

  • 8 · Pension plan contributions

    total $351,196

  • 9 · Other employee benefits

    total $633,945

  • 10 · Payroll taxes

    total $720,629

  • 11b · Fees: legal

    total $7,528

  • 11g · Fees: other

    total $1,480,745

  • 12 · Advertising and promotion

    total $176,000

  • 13 · Office expenses

    total $313,203

  • 16 · Occupancy

    total $1,355,521

  • 17 · Travel

    total $12,841

  • 19 · Conferences, conventions and meetings

    total $69,395

  • 20 · Interest

    total $2,338,689

  • 22 · Depreciation, depletion and amortization

    total $1,705,890

  • 23 · Insurance

    total $182,391

  • 24a · Other expenses: SERVICE CONTRACTS

    total $3,643,858

  • 24b · Other expenses: PROVISION FOR LOAN LOSS

    total $1,503,808

  • 24c · Other expenses: ATM EXPENSE

    total $521,962

  • 24d · Other expenses: LOAN FEES

    total $352,251

  • 24e · All other expenses

    total $2,117,027

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,349,622 · end of year $4,184,814

  • 2 · Savings and temporary cash investments

    beginning of year $6,088,116 · end of year $7,865,783

  • 4 · Accounts receivable

    beginning of year $2,254,828 · end of year $2,277,370

  • 7 · Other notes and loans receivable

    beginning of year $390,470,816 · end of year $397,634,413

  • 10a · Land, buildings and equipment: cost or other basis

    $13,138,058

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,884,427

  • 10c · Land, buildings and equipment, net

    beginning of year $8,790,305 · end of year $6,253,631

  • 11 · Investments: publicly traded securities

    beginning of year $243,166,822 · end of year $184,526,925

  • 12 · Investments: other securities

    beginning of year $3,324,100 · end of year $35,207,760

  • 15 · Other assets

    beginning of year $12,030,497 · end of year $10,935,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,993,970 · end of year $2,011,354

  • 21 · Escrow or custodial account liability

    beginning of year $2,007,066 · end of year $2,149,948

  • 23 · Secured mortgages and notes payable

    beginning of year $70,000,000 · end of year $45,000,000

  • 25 · Other liabilities

    beginning of year $562,103,242 · end of year $560,894,611

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $33,370,828 · end of year $38,830,241

Mission and programs · 2025

Mission

ALIGNING OUR MEMBERS AND COMMUNITIES WITH FINANCIAL TOOLS TO SERVE THEIR NEEDS.

  • DIVIDENDS AND INTEREST PAID ON MEMBERS DEPOSITS.

  • GRANTING CREDIT TO MEMBERS WITH VARIOUS LOAN PRODUCTS.

  • MEMBER SERVICES INCLUDING DEBIT AND CREDIT CARDS.

As filed on the 2025 return.

Listed in Part VII

  • LYDIA VAZQUEZ

    PRESIDENT AND CEO

    Total calculated
    $571,301
    From this org
    $527,945
    From related orgs
    $0
    Other
    $43,356
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $505,710
    Bonus
    $21,861
    Other
    $374
    Deferred
    $5,774
    Nontaxable benefits
    $37,582
    Filer's total
    $571,301

  • DAVID R MORRIS

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • STEVEN J BABBITT

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • KATHLEEN E MCKENNEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARTIN E CONWAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH FORSTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIET KALUNGI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REY LEMAINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL MCMAHON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN MORRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CALEB SCHULTZ

    CHIEF INFORMATION OFFICER & COO

    Total calculated
    $289,332
    From this org
    $268,255
    From related orgs
    $0
    Other
    $21,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,522
    Bonus
    $13,733
    Other
    $0
    Deferred
    $4,384
    Nontaxable benefits
    $16,693
    Filer's total
    $289,332

  • JENNIFER HUSKA

    SVP CHIEF LENDING OFFICER

    Total calculated
    $230,548
    From this org
    $187,894
    From related orgs
    $0
    Other
    $42,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,391
    Bonus
    $9,254
    Other
    $249
    Deferred
    $5,646
    Nontaxable benefits
    $37,008
    Filer's total
    $230,548

  • JOLEEN FORGIONE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $188,260
    From this org
    $174,479
    From related orgs
    $0
    Other
    $13,781
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,334
    Bonus
    $8,574
    Other
    $6,571
    Deferred
    $1,370
    Nontaxable benefits
    $12,411
    Filer's total
    $188,260

  • JOANNE MCCARTHY

    CHIEF RETAIL OPERATIONS OFFICER

    Total calculated
    $189,001
    From this org
    $173,447
    From related orgs
    $0
    Other
    $15,554
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,374
    Bonus
    $12,110
    Other
    $25,963
    Deferred
    $3,415
    Nontaxable benefits
    $12,139
    Filer's total
    $189,001

  • CHRISTA THERRIAULT

    CHIEF STRATEGY OFFICER

    Total calculated
    $169,664
    From this org
    $132,347
    From related orgs
    $0
    Other
    $37,317
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $124,070
    Bonus
    $7,704
    Other
    $573
    Deferred
    $4,149
    Nontaxable benefits
    $33,168
    Filer's total
    $169,664

  • ABBY DECOSTER

    SVP-DEPOSIT OPERATIONS

    Total calculated
    $232,259
    From this org
    $204,629
    From related orgs
    $0
    Other
    $27,630
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,296
    Bonus
    $6,966
    Other
    $367
    Deferred
    $1,775
    Nontaxable benefits
    $25,855
    Filer's total
    $232,259

  • GREG TAPELLA

    VP-DIRECTOR OF IT

    Total calculated
    $211,186
    From this org
    $171,295
    From related orgs
    $0
    Other
    $39,891
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,105
    Bonus
    $4,190
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39,891
    Filer's total
    $211,186

  • STEPHANIE TENCATI

    SVP-MARKETING

    Total calculated
    $162,765
    From this org
    $158,924
    From related orgs
    $0
    Other
    $3,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,593
    Bonus
    $5,971
    Other
    $360
    Deferred
    $1,254
    Nontaxable benefits
    $2,587
    Filer's total
    $162,765

  • SEAN WAWRZKIEWICZ

    SVP-FINANCE

    Total calculated
    $182,777
    From this org
    $146,479
    From related orgs
    $0
    Other
    $36,298
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,713
    Bonus
    $4,392
    Other
    $374
    Deferred
    $3,015
    Nontaxable benefits
    $33,283
    Filer's total
    $182,777

  • KRISTEN MCNAMARA

    SVP-HUMAN RESOURCES

    Total calculated
    $170,234
    From this org
    $133,260
    From related orgs
    $0
    Other
    $36,974
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,363
    Bonus
    $5,785
    Other
    $1,112
    Deferred
    $4,149
    Nontaxable benefits
    $32,825
    Filer's total
    $170,234

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
10 August 2026
IRS schema version
2025v4.2
Source object
202612239349302121

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