Westerly Community Credit Union

Westerly Community Credit Union is headquartered in Westerly and is the 7^th largest credit union in the state of Rhode Island. It is also the 826^th largest credit union in the nation. It was established in 1948 and as of September of 2011, it had grown to 59 employees and 15,213 members. Westerly Community Credit Union has a 3-star health rating.

Westerly Community Credit Union Routing Number: 011592675

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Data for Q3 2011

Institution Statistics WESTERLY COMMUNITY NCUA # 67270 BankRate Report View Year Established 1948 Employees 59 Primary Regulator Assets and Liabilities Assets $211.97 million Loans $172.28 million Deposits $183.43 million Equity Capital $15.89 million Loan Loss Allowance $703,000 Unbacked Noncurrent Loans $5.79 million Real Estate Owned $255,000 Historic Data - September 2010 Assets $207.34 million Equity Capital $16.24 million Loan Loss Allowance $764,000 Unbacked Noncurrent Loans $4.83 million Real Estate Owned $1.97 million Profit Margin - Quarterly Net Interest Margin 3.69% Return on Assets 0.09% Return on Equity 1.18% Interest Income $6.93 million Non-Interest Income $1.46 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Westerly Community Credit Union had $6.04 million in non-current loans and owned real-estate with $16.59 million in equity and loan loss allowances on hand to cover it. This gives Westerly Community Credit Union a Texas Ratio of 36.44% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Westerly Community Credit Union held steady from 39.94% as of September 30, 2010 to 36.44% as of September 30, 2011, resulting in a positive change of 8.76%.This indicates that the balance sheet and financial strength for Westerly Community Credit Union has held steady in recent periods. Deposit Growth In the past year, Westerly Community Credit Union has increased its total deposits by $3.41 million, resulting in 1.9% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Westerly Community Credit Union has shown is above average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Westerly Community Credit Union has $211.96 million in assets with $16.59 million in equity, resulting in a capitalization level of 7.83%, which is below average.

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