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HOLYOKE CREDIT UNION

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.


ABA Routing Number: 211883414
Name:HOLYOKE CREDIT UNION
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
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

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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