Overview of Polish National Credit Union

Polish National Credit Union was first established in the year 1921 and is the 23rd largest credit union operating in the state of Massachusetts as measured by total assets. It is also larger than 89% of all credit unions in the country. In terms of its lending activities, the credit union primarily focuses on providing mortgages and lines of credit and these loans represent 68% of its outstanding lending. Credit unions are regulated by the National Credit Union Administration (NCUA), which is an independent agency that was created by the U.S. government in 1970. The NCUA also insures customer deposits at credit unions in the country. The company has a total of 8 branches and employs a total of 136 employees.

Overview of the Credit Union’s Assets and Liabilities

As previously indicated, the credit union currently has total assets of $698 million, which makes it larger than 89% of credit unions in the United States. Polish National Credit Union also has net loans outstanding to customers of $590 million and a deposit base of $559 million. Furthermore, the credit union has a loan to deposit ratio of 106% which is higher than credit unions of comparable size. Polish National Credit Union’s peer set of credit unions have a loan to deposit ratio of approximately 74%. A lower ratio is better since it means that a credit union’s lending activities are more comfortably covered by its deposit base. Lastly, Polish National Credit Union’s loan portfolio mainly consists of mortgages and lines of credit and other real estate loans which represent 68% and 6% of its loan book and had outstanding balances of $403 million and $37 million, respectively.

Contact and Other Helpful Information

  • Main Office Address: 46 Main St, Chicopee, MA 1020
  • Website: http://www.pncu.com
  • Phone: (413) 592-9495
  • Charter Number: 66597
  • Charter Year: 1921
  • Employees: 136
  • Routing Number: 211882091
  • Membership: The credit union has a membership base of 25,072 which is greater than the average credit union operating within the state. Credit unions in Massachusetts each have on average 21,617 members. Over the past three years, the credit union’s total base of members has increased by 3%.

Polish National Credit Union: Financial Overview

polish national credit union-balance-sheet-metrics

Detailed above is a chart showing the progression of four important balance sheet items over the past year for Polish National Credit Union. Assets and total loans for the credit union have grown by 7.9% and expanded by 12.8%, respectively. In addition, the company’s mortgages and lines of credit, which as noted earlier is the largest portion of the loan book, has expanded by 13.0%. Lastly, the credit union’s deposits have expanded by 15.7%. ‘Net worth’ is a good way to assess the long-term performance of a credit union as it represents the accumulated value of the entity over time. Importantly this is value that accrues to the credit union’s owners: its members. Polish National Credit Union has a total net worth of $87 million. This implies that the credit union has a net worth per member of $3,477 which is greater than the national average of $1,606.

Overview of the Credit Union’s Performance Metrics

polish national credit union-selected-performance-metrics

The above chart shows some of the important metrics we look at when assessing a credit union, and compares these to the average credit union of comparable size. It also shows how these metrics have fared over the past year. If we take a look at Polish National Credit Union’s return on assets – which is usually a good measure of how efficiently a company is using its assets to produce profits – we see that the credit union is above the average comparable credit union and also that over the past year ROA has improved substantially given the year over year change of 0.45%. The delinquency rate is a measure of what percentage of an entity’s loan book has fallen past due i.e. is delinquent. All else equal, a higher rate implies a worse performing loan portfolio. In the case of Polish National Credit Union its delinquency rate is below its peers and over the past 12 months the credit union’s delinquency rate has improved. The net worth ratio for the credit union is 12.5% and has been relatively stable compared with the prior year figure of 12.5%. The credit union is also well above its peer group average of 9.8% on this metric. Finally, based on the NCUA guidelines, the company’s net worth ratio would classify it as well capitalized.


Our final rating for Polish National Credit Union, after assessing the credit union on what we consider to be the important metrics, is 3.4 out of 5.0, which is very good. Importantly, please be aware that none of the information presented is meant to be investment advice or advice of any form. All of the information and views expressed in this note and on this site are purely for informational purposes.