Overview
What is Polish National Credit Union?
Polish National Credit Union is a member-owned, not-for-profit financial cooperative based in Chicopee, Massachusetts. They committed to serving their members and communities, offering respect and dignity to all. With approximately 52,789 deposit accounts totaling $626 million and 8,800 loans worth around $655 million outstanding as of December 31, 2022, the credit union strives to provide a range of low-cost products and services to their diverse members. They had 183 employees, and their fundamental responsibility is to actively serve their field of membership and continuously demonstrate the value of membership. As a non-profit organization, each member is required to open an account to join and is granted one vote at the annual meeting, with a volunteer board of 13 members.
Official website here: www.pncu.com
What do the Facebook reviews say about Polish National Credit Union?
80% of 24 reviewers on Facebook recommend Polish National Credit Union. Here is a summary of their reviews:
Many users have shared positive experiences, particularly highlighting the professionalism and friendliness of the staff. One reviewer, Mario, expressed gratitude for the assistance received during the home purchase process, noting that the support made everything smoother and more manageable.
Overall, the sentiment towards Polish National Credit Union leans towards satisfaction, with customers appreciating the guidance and support offered by their team throughout significant financial transactions.
This AI summary has been generated from reviews found on Facebook.
Is Polish National Credit Union legitimate?
Polish National Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Polish National 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: $1,591,177
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,660,673
For more financial information, click here
Official website here: www.pncu.com
What is the mission statement of Polish National Credit Union?
Polish National Credit Union is a member-owned financial cooperative committed to serving its members with respect and dignity. As a not-for-profit organization, it upholds the responsibility to offer honest, fair deals to all members and deliver a range of low-cost products and services. The credit union aims to actively engage with under-served members within its community and continuously demonstrate the value of membership. Through meaningful communication, it ensures members, potential members, and the community at large understand the unique role of member-owned financial cooperatives. The credit union is governed by a volunteer board of directors, with each member having one vote at the annual meeting. With over 52,700 deposit accounts, approximately $626 million in assets, and 8,800 loans outstanding totaling around $655 million, Polish National Credit Union continues to provide essential financial services to its member base.
Official website here: www.pncu.com
Who is the CEO of Polish National Credit Union?
James P Kelly is the President & Ceo of Polish National Credit Union. The CEO's salary of Polish National Credit Union is $559,785 and their total compensation is $632,871.
Official website here: www.pncu.com
What is the revenue of Polish National Credit Union?
Polish National Credit Union's revenue in 2022 was $27,815,184.
Official website here: www.pncu.com
Who are the executives of Polish National Credit Union and what are their salaries?
The average compensation at Polish National Credit Union during 2022 was $50,557. There are 183 employees and 13 volunteers at Polish National Credit Union.
Here are 22 key members and their salaries (Polish National Credit Union's CEO's salary is $559,785 and their total compensation is $632,871):
- Compensation: $559,785
- Related: $0
- Other: $73,086
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $335,015
- Related: $0
- Other: $67,544
- Compensation: $222,660
- Related: $0
- Other: $62,642
- Compensation: $213,982
- Related: $0
- Other: $56,463
- Compensation: $245,982
- Related: $0
- Other: $52,814
- Compensation: $208,988
- Related: $0
- Other: $48,430
- Compensation: $153,580
- Related: $0
- Other: $22,065
- Compensation: $0
- Related: $169,782
- Other: $32,633
- Compensation: $161,073
- Related: $0
- Other: $24,059
Official website here: www.pncu.com
Where can I find the form 990 for Polish National Credit Union?
Polish National Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pncu.com
Learn more at the official website: www.pncu.com
Mission Statement of Polish National Credit Union
Polish National Credit Union, a member-owned financial cooperative, is deeply committed to serving its members with respect and dignity. Established as a non-profit organization, each member holds an account to be a part of this financial institution, entitling them to cast one vote during the annual meeting. The elected board of directors, comprised of volunteers, is chosen by the members, with no financial compensation.
Polish National Credit Union offers a range of low-cost products and services, catering to the diverse economic and social makeup of its members. Its fundamental responsibility is to actively serve its members and the communities they reside in. By upholding honest and fair deals, the credit union maintains a significant role in the lives of its members. It aims to reach the under-served and continually demonstrate the value of membership within its cooperative. The credit union's operations are dedicated to communicating its services meaningfully to members, potential members, legislators, regulators, and the community at large.
As of December 31, 2022, Polish National Credit Union boasted 52,789 deposit accounts, with an approximate balance of $626 million. Dividends and interest on member deposits amounted to approximately $1.5 million for the year. Furthermore, there were 8,800 outstanding loans totaling approximately $655 million, and approximately 588 safe deposit boxes were used by members throughout the year. With these figures, Polish National Credit Union continues to strengthen its role in providing financial services and empowering its members.
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Impact
October, 2024
The Polish National Credit Union (PNCU) significantly impacts its community by providing a member-focused financial cooperative that prioritizes the needs of its members. With approximately 52,789 deposit accounts totaling around $626 million as of December 31, 2022, PNCU fosters savings and financial security for its members, offering them competitive dividends and interest amounting to approximately $1.54 million for that year.
In addition to safeguarding deposits, PNCU plays a crucial role in facilitating access to credit, with about 8,800 loans outstanding, amounting to roughly $655 million. This not only supports individual members in achieving financial goals such as home ownership and education but also stimulates local economic growth.
PNCU actively seeks to serve the underserved segments of the community, ensuring equitable access to financial services for all. By offering a diverse range of low-cost products and services tailored to the unique economic and social needs of its members, PNCU enhances financial literacy and empowerment within the community.
Moreover, the credit union fosters a sense of belonging and participation, as each member has a voice in its governance. With a volunteer board of directors, PNCU embodies the principles of democratic ownership and accountability, reinforcing trust and transparency in its operations.
In essence, PNCU is committed to upholding the values of respect, dignity, and fair dealings, thereby ensuring that its members and the broader community understand the invaluable role of a member-owned financial cooperative in their lives. Through ongoing communication and meaningful service, PNCU enhances the overall quality of life in Chicopee, MA, and beyond.
This information is meant to be a general summary of Polish National 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: $1,363,824
- Program Service Revenue: $25,834,513
- Gross Receipts: $27,815,184
Assets and Liabilities:
- Total Assets: $774,160,950
- Total Liabilities: $682,217,757
- Net Assets: $91,943,193
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$21,227,609
OTHER INCOME
Revenue
$1,927,880
INTERCHANGE INCOME
Revenue
$1,323,871
FEES AND CHARGES
Revenue
$721,360
FINANCE AND INSURANCE
Revenue
$633,793
Organization Details
Founding Year
1921
Phone
(413) 592-9495Principal Officer
James P Kelly
Main Address
46 MAIN STREET, CHICOPEE, MA, 01020
Website
www.pncu.comNTEE Category
Code: W60 - Public benefit
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