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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 2021. Filed on May 16, 2022.

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 2021 IRS Form 990 filing, Holyoke Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 6 out of 52 total employees. Among the employees shown here, the average compensation is $185,391. The highest compensated employee at Holyoke Credit Union is Michael Murphy with fiscal year 2021 compensation of $267,595.

Revenue, expenses, and employee compensation

Revenue

$10,425,579

Expenses

$8,909,846

Employee compensation

$3,560,054
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Murphy
President and Chief Executive Officer
$267,595
$225,660 No related comp$41,935
Kazimierz Borawski
Chief Financial Officer
$238,050
$190,091 No related comp$47,959
James Wolohan
Executive Vice President
$222,642
$190,688 No related comp$31,954
Brian Risley
HOME LOAN Consultant
$134,463
$122,872 No related comp$11,591
Jennifer Brooks
Senior Vice President Mortgage
$128,117
$109,026 No related comp$19,091
Kari Trombley
Operations Manager
$121,477
$100,763 No related comp$20,714

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Msic Partners
Mortgage Origination
$151,834
Rh Goodrow & Associates
Maintenance
$117,416

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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