CHICOPEE, Mass.– Polish National Credit Union has selected Michael Sugrue, its current executive vice president, as its next president. Following the retirement of current president and CEO James P. Kelly on May 31, 2026, Sugrue will assume the CEO title.
The $757-million CU said the elevation comes as part of its strategic succession plan, which was developed over five years.
Sugrue has nearly 30 years of banking experience to his new role. Since joining PNCU in 2016 as EVP/CLO, he “has driven strategic growth and member engagement initiatives.”
“His prior roles include positions in risk oversight, audit, compliance, community reinvestment, and as a financial institution examiner for regulatory authorities at both the state and federal levels,” the credit union said.
A lifelong Western Massachusetts resident, Sugrue holds an MBA from the University of Massachusetts at Amherst and a graduate degree in Executive Banking from the ABA Stonier Graduate School of Banking.
His community involvement includes serving on the Holyoke Medical Center board, the Holyoke Saint Patrick’s Day Parade Committee, and the Ancient Order of Hibernians.
‘Honored to Lead’
“I am honored to lead PNCU and continue serving our Western Massachusetts community with innovative financial solutions and personalized care,” Sugrue said in a statement.
Additional Promotions
Polish National CU announced several other promotions, including:
• Charlotte Hansen to EVP/CFO. Hansen brings more than 30 years of financial services experience and has been with PNCU for over seven years, most recently serving as SVP/CFO.
• Kirk Burnham to EVP-operations and technology. Burnham has more than 30 years of experience in financial services
• David Fernandes to SVP-retail
• Sherri LaPlante to human resources director
