Sep, 30, 2025 — WESTERLY COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in WAKEFIELD, RI with 5 branch locations and about $502.96 million in total assets. Opened 78 years ago in 1948, WESTERLY COMMUNITY CREDIT UNION has about 22,210 members and employs 79 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WESTERLY COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 4979 Tower Hill Rd WAKEFIELD, RI 02879-2283 |
| Phone: | (401) 596-7000 |
| Fax: | |
| Website: | https://www.westerlyccu.com |
| Branches: | 5 branch locations |
| Members: | 22,210 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67270 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $502,961,393 |
| CEO/Manager: | Stephen J White |
| Chairperson: | Pete Stefanski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,088,567 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 238,161,727 |
| Unsecured Loans | 10,063,503 |
| Other Loans | 153,543,971 |
| TOTAL LOANS | 401,928,540 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,188,987 |
| Land And Building | 13,222,891 |
| Other Fixed Assets | 1,158,948 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 4,053,364 |
| All Other Assets | 0 |
| TOTAL ASSETS | 502,961,393 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 703 |
| Notes & Interest Payable | 13,250,000 |
| Accounts Payable & Other Liabilities | 3,373,055 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 115,223,338 |
| Regular shares | 141,933,128 |
| All Other Shares & Deposits | 186,402,659 |
| TOTAL SHARES & DEPOSITS | 443,559,125 |
| TOTAL LIABILITIES | 460,207,883 |
| Regular Reserve | 0 |
| Other Reserves | -2,821,987 |
| Undivided Earnings | 45,575,497 |
| TOTAL EQUITY | 42,753,510 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 502,961,393 |
| INCOME & EXPENSE | |
| Loan Income | 16,244,671 |
| Investment Income | 1,701,095 |
| Other Income | 1,891,079 |
| Total Employee Compensation & Benefits | 6,199,653 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 5,437,201 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 375,000 |
| Cost of Funds | 6,634,012 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,907,308 |
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