Overview / Commentary
Westerly Community Credit Union is headquartered in Westerly and is the 5th largest credit union in the state of Rhode Island. It is also the 783rd largest credit union in the nation. It was established in 1948 and as of September of 2020, it had grown to 65 employees and 19,875 members at 4 locations. Westerly Community Credit Union has an A health rating.
Field of Membership Restrictions
Westerly Community Credit Union is open to those who live or work in Rhode Island or in New London County, Connecticut.
See current membership details
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Health
A
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67270 |
| Year Chartered | 1948 |
| Employees | 65 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.58% |
| Return on Equity - YTD | 7.3% |
| Annual Interest Income | $9.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $366.4MM$317.8MM |
| Loans | Q3 2020vs Q3 2019 | $297.3MM$276.9MM |
| Deposits | Q3 2020vs Q3 2019 | $328.3MM$280.7MM |
| Equity Capital | Q3 2020vs Q3 2019 | $29.1MM$26.8MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $1.4MM$1.2MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $511.00K$604.00K |
| Real Estate Owned | Q3 2020vs Q3 2019 | $190.00K$190.00K |