Nonprofit · EIN 04-1448660
HOLYOKE CREDIT UNION
Tax-exempt · HOLYOKE, MA 01040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $16,872,000 | $15,452,344 | $1,419,656 | $297,179,837 | $278,232,929 | $18,946,908 |
| December 31, 2024 | 990 | $15,347,549 | $15,093,907 | $253,642 | $290,153,007 | $275,900,841 | $14,252,166 |
| December 31, 2023 | 990 | $12,721,013 | $12,497,017 | $223,996 | $268,762,394 | $255,541,291 | $13,221,103 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $13,609,099
- Investment income
- $2,574,301
- Other revenue
- $688,600
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,905,192
- Salaries, compensation and benefits (total)
- $3,504,412
- Professional fundraising fees
- $0
- Legal fees
- -$1,429
- Accounting fees
- $233,360
- Occupancy
- $470,198
- Depreciation
- $333,457
Balance sheet and other
- Total assets, start of year
- $290,153,007
- Total assets, end of year
- $297,179,837
- Total liabilities, end of year
- $278,232,929
- Net assets, end of year
- $18,946,908
- Land, buildings and equipment
- $4,079,014
- Publicly traded securities
- $71,820,463
- Gross receipts
- $16,872,000
- Employees
- 47
- Volunteers
- 0
- Year formed
- 1911
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES WOLOHAN | PRESIDENT/CEO Officer | 40 | $245,935 | $49,334 |
| ADRIENNE SCOTT | RETAIL BANKING OFFICER Officer | 40 | $140,581 | $37,542 |
| STACEY O'SULLIVAN | VP LENDING ADMINISTRATION Officer | 40 | $148,932 | $26,421 |
| GARY CLARKE | CHIEF FINANCIAL OFFICER Officer | 40 | $144,116 | $26,027 |
| JENNIFER BROOKS | SENIOR VP MORTGAGE Officer | 40 | $129,393 | $23,698 |
| KARI CHAMPAGNE | VP OPERATIONS Highest-paid employee | 40 | $133,812 | $18,425 |
| CELIA ALVARADO | SMALL BUSINESS LENING OFFI Officer | 40 | $120,561 | $22,087 |
| THOMAS PAQUIN | CHAIRMAN Trustee or director | 3 | $0 | $0 |
| MICHAEL GHAZIL | VICE CHAIRMAN Trustee or director | 3 | $0 | $0 |
| JOSEPH BEAULIEU | TREASURER Trustee or director | 3 | $0 | $0 |
| ROBERT FERRIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE MARIE MARONA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS MORAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY PRZEKOPOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA ANN SHEA-DESROCHES | DIRECTOR Trustee or director | 1 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID N VIAMARI | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE BENNETT | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES WOLOHAN | PRESIDENT/CEO Officer | 40 | $218,690 | $21,420 |
| GARY CLARKE | CHIEF FINANCIAL OFFICER Officer | 40 | $144,629 | $26,934 |
| STACEY O'SULLIVAN | VP LENDING ADMINISTRATION Officer | 40 | $141,067 | $23,219 |
| CELIA ALVARADO | SMALL BUSINESS LENING OFFICER Officer | 40 | $125,610 | $22,496 |
| KARI CHAMPAGNE | VP OPERATIONS Highest-paid employee | 40 | $124,404 | $20,318 |
| ADRIENNE SCOTT | RETAIL BANKING OFFICER Officer | 40 | $123,345 | $16,752 |
| JENNIFER BROOKS | SENIOR VP MORTGAGE Officer | 40 | $119,941 | $18,854 |
| THOMAS PAQUIN | CHAIRMAN Trustee or director | 3 | $0 | $0 |
| MICHAEL GHAZIL | VICE CHAIRMAN Trustee or director | 3 | $0 | $0 |
| JOSEPH BEAULIEU | TREASURER Trustee or director | 3 | $0 | $0 |
| ROBERT FERRIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE MARIE MARONA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS MORAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY PRZEKOPOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA ANN SHEA-DESROCHES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID N VIAMARI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WAYNE BENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL MURPHY | PRESIDENT/CEO Officer | 40 | $233,183 | $41,660 |
| JAMES WOLOHAN | EXECUTIVE VICE PRESIDENT Officer | 40 | $174,913 | $29,383 |
| GARY CLARKE | CHIEF FINANCIAL OFFICER Officer | 40 | $140,266 | $20,452 |
| STACEY O'SULLIVAN | VP LENDING ADMINISTRATION Officer | 40 | $136,236 | $9,103 |
| KARI TROMBLEY | OPERATIONS MANAGER Highest-paid employee | 40 | $127,110 | $13,625 |
| JENNIFER BROOKS | SENIOR VP MORTGAGE Officer | 40 | $115,398 | $20,115 |
| CELIA ALVARADO | SMALL BUSINESS LENDING OFF Officer | 40 | $117,436 | $15,353 |
| ADRIENNE SCOTT | RETAIL BANKING OFFICER Officer | 40 | $101,813 | $8,996 |
| THOMAS PAQUIN | CHAIRMAN Trustee or director | 3 | $0 | $0 |
| MICHAEL GHAZIL | VICE CHAIRMAN Trustee or director | 3 | $0 | $0 |
| JOSEPH BEAULIEU | TREASURER Trustee or director | 3 | $0 | $0 |
| ROBERT FERRIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNE MARIE MARONA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DENNIS MORAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFFREY PRZEKOPOWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CYNTHIA ANN SHEA-DESROCHES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID N VIAMARI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WAYNE BENNETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 490 WESTFIELD RD, HOLYOKE, MA 01040-1600
- In care of
- % MICHAEL E MURPHY
- Principal officer (990 for 2025)
- JAMES T WOLOHAN, 490 WESTFIELD ROAD, HOLYOKE, MA 01040
- Signed the 990
- JAMES T WOLOHAN, PRESIDENT/CEO
- Phone
- (413) 278-6860
- Website
- WWW.HOLYOKECU.COM
- Return prepared by
- GERALD T REILLY & COMPANY
Mission
THE HOLYOKE CREDIT UNION MISSION IS TO PROVIDE MEMBERS WITH AN EXCELLENT SELECTION OF HIGH-QUALITY AND AFFORDABLE FINANCIAL PRODUCTS AND SERVICES IN A SOCIALLY RESPONSIBLE MANNER. OUR CREDIT UNION ADHERES TO THE HIGHEST ETHICAL STANDARDS OF THE BANKING INDUSTRY, WHILE WE MAINTAIN FINANCIAL SECURITY AND PROVIDE OUR EMPLOYEES WITH GAINFUL AND SECURE EMPLOYMENT.
Program accomplishments
- MAINTENANCE OF MEMBERS' SHARE, DEPOSIT AND LOAN ACCOUNTS.Expenses $15,452,344 · revenue $16,872,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-1448660
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $297,179,837
- Income (IRS master file)
- $16,872,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $16,872,000 | $15,452,344 | $297,179,837 | IRS |
| 990 | December 2024 | $15,347,549 | $15,093,907 | $290,153,007 | XML |
| 990 | December 2023 | $12,721,013 | $12,497,017 | $268,762,394 | XML |
| 990 | December 2022 | $10,438,136 | $9,354,398 | $254,372,424 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-1448660).
Questions about HOLYOKE CREDIT UNION
- What is the EIN of HOLYOKE CREDIT UNION?
- The employer identification number (EIN) of HOLYOKE CREDIT UNION is 04-1448660.
- Is HOLYOKE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1941.
- Are donations to HOLYOKE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOLYOKE CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOLYOKE CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOLYOKE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HOLYOKE CREDIT UNION?
- The 990 for the year ended December 31, 2025 names JAMES T WOLOHAN.
- Who are the officers and directors of HOLYOKE CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 17 people; 7 received compensation from the organization, the highest $245,935 (JAMES WOLOHAN, PRESIDENT/CEO).
- How much revenue does HOLYOKE CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $16,872,000, expenses of $15,452,344 and total assets of $297,179,837 at year end.
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