Dec, 31, 2023 — POLISH NATIONAL CREDIT UNION is a federally insured state chartered credit union headquartered in CHICOPEE, MA with 9 branch locations and about $727.62 million in total assets. Opened 103 years ago in 1921, POLISH NATIONAL CREDIT UNION has about 28,372 members and employs 138 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POLISH NATIONAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 46 Main St CHICOPEE, MA 01020 |
| Phone: | (413) 592-9495 |
| Fax: | (413) 594-7791 |
| Website: | https://www.pncu.com |
| Branches: | 9 branch locations |
| Members: | 28,372 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66597 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1921 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $727,623,520 |
| CEO/Manager: | James P Kelly |
| Chairperson: | Gary Ziemba |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,018,400 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 16,037 |
| Real Estate Loans | 465,266,321 |
| Unsecured Loans | 3,149,447 |
| Other Loans | 132,535,476 |
| TOTAL LOANS | 600,951,243 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,326,216 |
| Land And Building | 12,365,922 |
| Other Fixed Assets | 1,612,265 |
| NCUSIF Deposit | 5,701,588 |
| All Other Assets | 0 |
| TOTAL ASSETS | 727,623,520 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,914 |
| Notes & Interest Payable | 41,418,439 |
| Accounts Payable & Other Liabilities | 6,360,264 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 137,289,299 |
| Regular shares | 141,822,559 |
| All Other Shares & Deposits | 305,028,686 |
| TOTAL SHARES & DEPOSITS | 584,140,543 |
| TOTAL LIABILITIES | 631,942,160 |
| Regular Reserve | 0 |
| Other Reserves | 8,040,429 |
| Undivided Earnings | 87,640,931 |
| TOTAL EQUITY | 95,681,360 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 727,623,520 |
| INCOME & EXPENSE | |
| Loan Income | 22,781,100 |
| Investment Income | 2,983,209 |
| Other Income | 2,941,583 |
| Total Employee Compensation & Benefits | 13,238,538 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,052,215 |
| Non-operating Income & (Expense) | 114,818 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 28,495 |
| Cost of Funds | 4,726,537 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,082,850 |
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