Overview
What is Holyoke Credit Union?
Holyoke Credit Union, located in Holyoke, Massachusetts, is a nonprofit organization dedicated to serving its members by offering high-quality and affordable financial products and services. With a commitment to ethical standards, the credit union ensures financial security and provides gainful employment opportunities for its employees. Its mission extends beyond typical banking activities, focusing on socially responsible practices. The credit union is headquartered at 490 WESTFIELD ROAD, Holyoke, MA 01040, and currently employs 51 individuals.
Official website here: www.holyokecu.com
Is Holyoke Credit Union legitimate?
Holyoke Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Holyoke Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,094,042
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,714,749
For more financial information, click here
Official website here: www.holyokecu.com
What is the mission statement of Holyoke Credit Union?
The Holyoke Credit Union's mission is centered around providing its members with a wide range of high-quality and affordable financial products and services. This is carried out in a socially responsible manner, aligning with the highest ethical standards within the banking industry. The credit union ensures financial security while offering secure and gainful employment opportunities for its employees.
Official website here: www.holyokecu.com
Who is the CEO of Holyoke Credit Union?
Michael E Murphy is the Chairman of Holyoke Credit Union. The CEO's salary of Holyoke Credit Union is $236,396 and their total compensation is $280,202.
Official website here: www.holyokecu.com
What is the revenue of Holyoke Credit Union?
Holyoke Credit Union's revenue in 2022 was $10,438,136.
Official website here: www.holyokecu.com
Who are the executives of Holyoke Credit Union and what are their salaries?
The average compensation at Holyoke Credit Union during 2022 was $55,074. There are 51 employees at Holyoke Credit Union.
Here are 19 key members and their salaries (Holyoke Credit Union's CEO's salary is $236,396 and their total compensation is $280,202):
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- Compensation: $236,396
- Related: $0
- Other: $43,806
- Compensation: $165,161
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- Other: $28,595
- Compensation: $104,536
- Related: $0
- Other: $12,507
- Compensation: $112,185
- Related: $0
- Other: $19,708
- Compensation: $104,504
- Related: $0
- Other: $9,887
- Compensation: $119,834
- Related: $0
- Other: $5,621
- Compensation: $106,878
- Related: $0
- Other: $13,928
- Compensation: $102,611
- Related: $0
- Other: $13,975
Official website here: www.holyokecu.com
Where can I find the form 990 for Holyoke Credit Union?
Holyoke Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.holyokecu.com
Learn more at the official website: www.holyokecu.com
Mission Statement of Holyoke Credit Union
Holyoke Credit Union is dedicated to serving its members by providing them with a wide range of high-quality and affordable financial products and services in a socially responsible manner. The credit union upholds the highest ethical standards within the banking industry, ensuring both financial security and secure employment opportunities for its staff. Their mission is to cater to the financial needs of their members while maintaining a strong commitment to ethical practices and social responsibility.
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Impact
October, 2024
Holyoke Credit Union has a significant impact on its community by providing high-quality and affordable financial products and services. By prioritizing socially responsible practices, it empowers members to achieve their financial goals while adhering to the highest ethical standards in the banking industry.
The credit union plays a crucial role in maintaining financial security, which not only benefits its members but also contributes to the overall economic stability of Holyoke, MA. Additionally, Holyoke Credit Union fosters a supportive work environment, providing its employees with gainful and secure employment, which further strengthens the local economy. Through its commitment to ethical practices and community support, Holyoke Credit Union enhances the financial well-being of its members and the broader community.
This information is meant to be a general summary of Holyoke Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,143,931
- Program Service Revenue: $6,711,797
- Gross Receipts: $21,058,762
Assets and Liabilities:
- Total Assets: $254,372,424
- Total Liabilities: $243,653,988
- Net Assets: $10,718,436
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$4,864,257
MEMBER SERVICE CHARGES
Revenue
$1,363,388
MORTGAGE BANKING INCOM
Revenue
$484,152
Organization Details
Founding Year
1911
Phone
(413) 278-6848Principal Officer
Michael E Murphy
Main Address
490 WESTFIELD ROAD, HOLYOKE, MA, 01040
Website
www.holyokecu.comNTEE Category
Code: W60 - Public benefit
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