Nonprofit · EIN 04-1734980
POLISH NATIONAL CREDIT UNION
Tax-exempt · CHICOPEE, MA 01020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $31,030,656 | $28,420,802 | $2,609,854 | $744,609,359 | $647,078,313 | $97,531,046 |
| December 31, 2023 | 990 | $30,406,557 | $27,323,706 | $3,082,851 | $727,623,520 | $631,942,160 | $95,681,360 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $27,665,129
- Investment income
- $3,365,527
- Net gain from sales of assets
- $80,432
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $106,659
- Compensation of officers, directors and key employees
- $1,914,752
- Other salaries and wages
- $7,686,920
- Salaries, compensation and benefits (total)
- $12,824,910
- Professional fundraising fees
- $0
- Legal fees
- $17,509
- Accounting fees
- $191,520
- Occupancy
- $830,565
- Depreciation
- $927,085
Balance sheet and other
- Total assets, start of year
- $727,623,520
- Total assets, end of year
- $744,609,359
- Total liabilities, end of year
- $647,078,313
- Net assets, end of year
- $97,531,046
- Land, buildings and equipment
- $13,516,326
- Publicly traded securities
- $2,793,900
- Gross unrelated business income
- $815,154
- Gross receipts
- $45,392,244
- Employees
- 167
- Volunteers
- 12
- Year formed
- 1921
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES P KELLY | PRESIDENT & CEO Trustee or director, Officer | 40 | $827,960 | $75,114 |
| MICHAEL SUGRUE | EVP Officer | 40 | $391,521 | $74,271 |
| CHARLOTTE HANSEN | CFO/SVP Officer | 40 | $235,596 | $67,225 |
| KATHI DONAHUE | SVP COMMERCIAL LENDING Highest-paid employee | 40 | $228,704 | $53,911 |
| NANCY MIRKIN | VP COMMERCIAL LENDING Highest-paid employee | 40 | $198,380 | $54,055 |
| KIRK BURNHAM | SVP OPERATIONS Officer | 40 | $187,098 | $55,967 |
| MESSANVI EKON | VICE PRESIDENT, COMPLIANCE Highest-paid employee | 40 | $176,237 | $56,626 |
| BONNIE RAYMOND | SENIOR VICE PRESIDENT MEMB Highest-paid employee | 40 | $173,482 | $50,867 |
| CHRISTOPHER CASALE | FINANCIAL SERVICES PROGRAM Highest-paid employee | 40 | $167,475 | $24,851 |
| EDWARD CZEPIEL | DIRECTOR Trustee or director | 5 | $0 | $0 |
| BENJAMIN DAVIS | DIRECTOR Trustee or director | 5 | $0 | $0 |
| PAUL FEDERICI | DIRECTOR Trustee or director | 5 | $0 | $0 |
| WILLIAM JEBB | DIRECTOR Trustee or director | 5 | $0 | $0 |
| HENRY LENART | DIRECTOR Trustee or director | 5 | $0 | $0 |
| STANLEY MATRAS | CLERK OF THE BOARD Trustee or director | 5 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT MORITKO | VICE CHAIRMAN Trustee or director | 5 | $0 |
| JOHN MURPHY | DIRECTOR Trustee or director | 5 | $0 |
| RALPH SLATE | DIRECTOR Trustee or director | 5 | $0 |
| MICHAEL WOISHNIS | DIRECTOR Trustee or director | 5 | $0 |
| DR ANTHONY ZEPKO | DIRECTOR Trustee or director | 5 | $0 |
| GARY ZIEMBA | BOARD CHAIRMAN Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES P KELLY | PRESIDENT & CEO Trustee or director, Officer | 40 | $714,940 | $0 | $70,233 |
| MICHAEL SUGRUE | EVP Officer | 40 | $323,868 | $0 | $69,206 |
| KATHI DONAHUE | SVP COMMERCIAL LENDING Highest-paid employee | 40 | $244,836 | $0 | $54,753 |
| CHARLOTTE HANSEN | CFO/SVP Officer | 40 | $230,597 | $0 | $65,352 |
| JEFFREY CHIRGWIN | PRESIDENT, PNCU INSURANCE Highest-paid employee | 1 | $0 | $249,162 | $44,683 |
| NANCY MIRKIN | VP COMMERCIAL LENDING Highest-paid employee | 40 | $212,819 | $0 | $54,481 |
| KIRK BURNHAM | SVP OPERATIONS Officer | 40 | $179,160 | $0 | $54,332 |
| BONNIE RAYMOND | SENIOR VICE PRESIDENT MEMBER EXPERIENCE Highest-paid employee | 40 | $173,141 | $0 | $50,201 |
| CHRISTOPHER CASALE | FINANCIAL SERVICES PROGRAM Highest-paid employee | 40 | $178,575 | $0 | $25,900 |
| EDWARD CZEPIEL | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| BENJAMIN DAVIS | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| WILLIAM JEBB | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| HENRY LENART | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| STANLEY MATRAS | CLERK OF THE BOARD Trustee or director | 5 | $0 | $0 | $0 |
| ROBERT MORITKO | VICE CHAIRMAN Trustee or director | 5 | $0 | $0 | $0 |
| JOHN MURPHY | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| RALPH SLATE | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| MICHAEL WOISHNIS | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| DR ANTHONY ZEPKO | DIRECTOR Trustee or director | 5 | $0 | $0 | $0 |
| GARY ZIEMBA | BOARD CHAIRMAN Trustee or director | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 46 MAIN ST, CHICOPEE, MA 01020-1838
- In care of
- % JAMES P KELLY
- Mailing address (990-N for 2014)
- 18 Ernest lane, holyoke MA 01040
- Principal officer (990 for 2024)
- JAMES P KELLY, 46 MAIN STREET, CHICOPEE, MA 01020
- Principal officer (990-N for 2014)
- Daniela J Galazka, 18 Ernest lane, holyoke MA 01040
- Signed the 990
- CHARLOTTE HANSEN, SENIOR VP & CFO
- Phone
- (413) 592-9495
- Website
- WWW.PNCU.COM
- Return prepared by
- DOEREN MAYHEW
Mission
PNCU IS A NON-PROFIT ORGANIZATION THAT IS OWNED BY THE MEMBERS. EACH MEMBER MUST OPEN AN ACCOUNT TO BECOME A MEMBER. EACH MEMBER IS ALLOWED TO CAST ONE VOTE AT THE ANNUAL MEETING. THE SLATE OF THE BOARD OF DIRECTORS IS VOTED BY THE MEMBERS. PNCU HAS 13 BOARD MEMBERS WHO ARE VOLUNTEERS. THEY ARE NOT COMPENSATED FINANCIALLY IN ANY WAY.
Program accomplishments
- THE CREDIT UNION MAINTAINED 47,883 DEPOSIT ACCOUNTS APPROXIMATING $581,055,000 AS OF DECEMBER 31, 2024. DIVIDENDS AND INTEREST INCOME ON MEMBER DEPOSITS APPROXIMATED $7,032,000 FOR THE YEAR ENDED DECEMBER 31, 2024. AS OF DECEMBER 31, 2024, THE CREDIT UNION HAD 6,143 LOANS OUTSTANDING TOTALING APPROXIMATELY $596,949,000. ADDITIONALLY, APPROXIMATELY 569 SAFE DEPOSIT BOXES WERE USED BY MEMBERS DURING 2024.
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 | Not 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
- 04-1734980
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1935
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $744,609,359
- Income (IRS master file)
- $45,392,244
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $31,030,656 | $28,420,802 | $744,609,359 | XML |
| 990 | December 2023 | $30,406,557 | $27,323,706 | $727,623,520 | XML |
| 990 | December 2022 | $27,815,184 | $23,465,400 | $774,160,950 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2014 Officer: Daniela J Galazka | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
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 04-1734980).
Questions about POLISH NATIONAL CREDIT UNION
- What is the EIN of POLISH NATIONAL CREDIT UNION?
- The employer identification number (EIN) of POLISH NATIONAL CREDIT UNION is 04-1734980.
- Is POLISH NATIONAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1935.
- Are donations to POLISH NATIONAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does POLISH NATIONAL 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 POLISH NATIONAL CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POLISH NATIONAL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of POLISH NATIONAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names JAMES P KELLY.
- Who are the officers and directors of POLISH NATIONAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 21 people; 9 received compensation from the organization, the highest $827,960 (JAMES P KELLY, PRESIDENT & CEO).
- How much revenue does POLISH NATIONAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $31,030,656, expenses of $28,420,802 and total assets of $744,609,359 at year end.
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