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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 2023. Filed on May 9, 2024.

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 2023 IRS Form 990 filing, Holyoke Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 8 out of 51 total employees. Among the employees shown here, the average compensation is $163,130. The highest compensated employee at Holyoke Credit Union is Michael Murphy with fiscal year 2023 compensation of $274,843.

Revenue, expenses, and employee compensation

Revenue

$12,721,013

Expenses

$12,497,017

Employee compensation

$3,561,474
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael Murphy
President and Chief Executive Officer
$274,843
$233,183 No related comp$41,660
James Wolohan
Executive Vice President
$204,296
$174,913 No related comp$29,383
Gary Clarke
Chief Financial Officer
$160,718
$140,266 No related comp$20,452
Stacey O'Sullivan
Vice President Lending Administration
$145,339
$136,236 No related comp$9,103
Kari Trombley
Operations Manager
$140,735
$127,110 No related comp$13,625
Jennifer Brooks
Senior Vice President Mortgage
$135,513
$115,398 No related comp$20,115
Celia Alvarado
Small Business Lending OFF
$132,789
$117,436 No related comp$15,353
Adrienne Scott
Retail Banking Officer
$110,809
$101,813 No related comp$8,996

Benchmark Employee Compensation

Non-Employee Board Members

Anne Marie Marona
Director
Cynthia Ann Shea-Desroches
Director
David N Viamari
Director
Dennis Moran
Director
Jeffrey Przekopowski
Director
Joseph Beaulieu
Treasurer
Michael Ghazil
Vice Chair
Robert Ferrier
Director
Thomas Paquin
Chair
Wayne Bennett
Director

Contractors

Rh Goodrow & Associates
Construction
$115,631

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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