Dec, 31, 2023 — HOLYOKE CREDIT UNION is a federally insured state chartered credit union headquartered in HOLYOKE, MA with 3 branch locations and about $268.76 million in total assets. Opened 113 years ago in 1911, HOLYOKE CREDIT UNION has about 22,996 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | HOLYOKE CREDIT UNION |
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Address: (Main Office) | 490 Westfield Rd HOLYOKE, MA 01040-1600 |
Phone: | (413) 278-6852 |
Fax: | (413) 534-2446 |
Website: | https://www.holyokecu.com |
Branches: | 3 branch locations |
Members: | 22,996 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67875 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1911 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $268,762,394 |
CEO/Manager: | James T Wolohan |
Chairperson: | Thomas G Paquin |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,993,098 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 281,030 |
Real Estate Loans | 104,194,902 |
Unsecured Loans | 6,335,315 |
Other Loans | 16,718,527 |
TOTAL LOANS | 128,826,416 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -709,893 |
Land And Building | 2,584,526 |
Other Fixed Assets | 2,046,379 |
NCUSIF Deposit | 2,062,442 |
All Other Assets | 0 |
TOTAL ASSETS | 268,762,394 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 40,805 |
Notes & Interest Payable | 31,000,000 |
Accounts Payable & Other Liabilities | 2,712,625 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 51,187,572 |
Regular shares | 13,685,337 |
All Other Shares & Deposits | 156,914,951 |
TOTAL SHARES & DEPOSITS | 221,787,860 |
TOTAL LIABILITIES | 255,541,290 |
Regular Reserve | 0 |
Other Reserves | -8,877,273 |
Undivided Earnings | 22,098,377 |
TOTAL EQUITY | 13,221,104 |
TOTAL LIABILITIES, SHARES, & EQUITY | 268,762,394 |
INCOME & EXPENSE | |
Loan Income | 6,266,367 |
Investment Income | 3,685,497 |
Other Income | 1,729,003 |
Total Employee Compensation & Benefits | 3,561,472 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,268,392 |
Non-operating Income & (Expense) | 57,884 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 44,636 |
Cost of Funds | 3,874,315 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 223,999 |
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