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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Holyoke Credit Union

Holyoke Credit Union

Fiscal year ending 2018. Filed on May 13, 2019.

490 Westfield Road
Holyoke, Massachusetts 01040

Holyoke Credit Union (EIN: 04-1448660) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2018 IRS Form 990 filing, Holyoke Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 5 out of 51 total employees. Among the employees shown here, the average compensation is $163,408. The highest compensated employee at Holyoke Credit Union is Michael Murphy with fiscal year 2018 compensation of $244,357.

Revenue, expenses, and employee compensation

Revenue

$10,328,968

Expenses

$9,672,783

Employee compensation

$3,259,776
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Murphy
President and Chief Executive Officer
$244,357
$223,995 No related comp$20,362
James Wolohan
Executive Vice President
$168,129
$157,938 No related comp$10,191
Kazimierz Borawski
Chief Financial Officer
$162,844
$147,864 No related comp$14,980
Daniel O'Neil
Senior Vice President Commercial Lending
$125,341
$117,743 No related comp$7,598
Jennifer Brooks
Senior Vice President Mortgage Lending
$116,371
$108,028 No related comp$8,343

Benchmark Employee Compensation

Non-Employee Board Members

Anne Marie Marona
Director
Dennis Moran
Director
Edward Daly
Clerk
Jeffrey Przekopowski
Director
Joseph Beaulieu
Treasurer/Audit Committee Chair
Karl Schmaelzle
Director
Michael Ghazil
Vice Chair
Robert Ferrier
Director
Robert Swan
Director
Thomas Paquin
Chair

Contractors

Spillane Consulting Associates Inc.
Consulting
$137,827

Mission Statement

THE HOLYOKE CREDIT UNION MISSION IS TO PROVIDE MEMBERS WITH AN EXCELLENT SELECTION OF HIGH-QUALITY AND PROVIDE 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.

Revisions to this organization profile

October 7, 2025:
2024 Holyoke Credit Union 990 filed
May 9, 2024:
2023 Holyoke Credit Union 990 filed
June 12, 2023:
2022 Holyoke Credit Union 990 filed

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