Overview / Commentary
Polish National Credit Union is headquartered in Chicopee and is the 22nd largest credit union in the state of Massachusetts. It is also the 542nd largest credit union in the nation. It was established in 1921 and as of March of 2021, it had grown to 110 employees and 24,974 members at 8 locations. Polish National Credit Union has an A+ health rating.
Field of Membership Restrictions
Polish National Credit Union is open to the following: (1) those who live, work, or attend school in Hampshire, Hampden, Franklin, or Berkshire Counties in Massachusetts; (2) those who live, work, or attend any accredited public or private college or university, high school, or elementary school in Litchfield, Hartford, or Tolland Counties in Connecticut.
See current membership details
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Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 66597 |
| Year Chartered | 1921 |
| Employees | 110 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.19% |
| Return on Equity - YTD | 9.43% |
| Annual Interest Income | $4.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $685.6MM$621.3MM |
| Loans | Q1 2021vs Q1 2020 | $560.6MM$513.7MM |
| Deposits | Q1 2021vs Q1 2020 | $550.7MM$493.7MM |
| Equity Capital | Q1 2021vs Q1 2020 | $86.2MM$81.4MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $2.2MM$1.7MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $812.00K$909.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |