Polish National Credit Union
Nonprofit profile at a glance
- EIN
- 041734980
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024, Form 990-N 2014
- Location
- Chicopee, MA, USA
- Phone
- 4135929495
- Rating confidence
- Limited
Reported finances
- Revenue
- $31,030,656
- Expenses
- $28,420,802
- Assets
- $744,609,359
- Liabilities
- $647,078,313
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- JAMES P KELLY (PRESIDENT & CEO)
- MESSANVI EKON (VICE PRESIDENT, COMPLIANCE)
- BONNIE RAYMOND (SENIOR VICE PRESIDENT MEMB)
Highest reported compensation
- JAMES P KELLY (PRESIDENT & CEO): $903,074 total reported compensation
- MICHAEL SUGRUE (EVP): $465,792 total reported compensation
- CHARLOTTE HANSEN (CFO/SVP): $302,821 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission: to grow lasting relationships to improve people’s lives. Membership** – Interested in becoming a member? Start with our easy online account opening process now. Mobile App** – Manage your accounts from anywhere. Learn more about digital banking. Online Banking** – Manage your accounts from anywhere. Text with a member service representative directly about your account Fast & Convenient No waiting on the phone for a reply. A member of our team will get back to you.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 89% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 95
- Accountability: 91
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 25th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 8.4%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 26.2; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.87; rating input score 11; 11th percentile among comparable filings
- Officer compensation ratio: 10.9%; rating input score 17; 17th percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 33rd percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 12 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $903K · 21 people listed · 6 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.2M reported
- Consistency: 14 of 14 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 22 filed money-flow records
- Related organizations: 11 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 11/100.
- High — Sustainability: Officer compensation ratio scored 17/100.