Holyoke Credit Union


Overview / Commentary
413-341-0133
490 Westfield Rd
Holyoke, MA 01040

Holyoke Credit Union is headquartered in Holyoke and is the 40th largest credit union in the state of Massachusetts. It is also the 1,112th largest credit union in the nation. It was established in 1911 and as of March of 2022, it had grown to 37 employees and 21,675 members at 3 locations. Holyoke Credit Union has an A health rating.

Field of Membership Restrictions

Holyoke Credit Union membership is open to those who live or work in Hampshire or Hamden counties, in Massachusetts.
See current membership details

Reviews (2)

Holyoke Credit Union

I am a relatively new member with Holyoke Credit Union, out of Holyoke Massachusetts. I kind of indirectly fell into the bank. I went to purchase a motorcycle last year, and the sales representative indicated that Holyoke Credit Union would be the cheapest loan offer. I agreed and opened a savings account with them and took out a loan. So in the beginning I started with a savings account and motorcycle loan. Later on a few months later I opened a checking account with them because i found them easy to use. I have worked with an agent named Paul a few times out of Holyoke and he was very helpful. I will say that they do not have the best online features, really no different than what i expected for a small credit union but no where near being on par with something like Bank of America. Though still you can call and speak to a real person who will help you over the phone do things like transfer money and make payments. Almost exactly the same as would with an automated call to a larger bank. All in all i think they are fairly good as far as small banks are concerned.

Holyoke Credit Union

Posted by: |

I have been a member at this credit union for five years now. During my time as a customer I have been extremely happy with the service I have received. The promotions, rates, and advantages of being a customer there have been comparable if not better than other options. I would highly recommend this business to anyone looking for a credit union and look forward to my partnership with them in the future.



Health

Health Grade Components

Overall
NCUA #67875
Year Chartered1911
Employees37
Primary Regulator
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD19.36%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$250.2MM$238.7MM
LoansQ1 2022vs Q1 2021$106.1MM$110.3MM
DepositsQ1 2022vs Q1 2021$214.3MM$193.8MM
Equity CapitalQ1 2022vs Q1 2021$17.0MM$19.5MM
Loan Loss AllowanceQ1 2022vs Q1 2021$1.1MM$1.1MM
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$391.00K$335.00K
Real Estate OwnedQ1 2022vs Q1 2021$0$0
Rates

Rates for Holyoke Credit Union are currently being reviewed.

Locations


Holyoke Credit Union Locations
Branch Office14 N Westfield StFeeding Hills, MA 01030-1606
Branch Office490 Westfield RdHolyoke, MA 01040-1600
Branch Office333 Elm StWest Springfield, MA 01089-2795

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