Overview / Commentary
Westerly Community Credit Union is headquartered in Wakefield and is the 5th largest credit union in the state of Rhode Island. It is also the 740th largest credit union in the nation. It was established in 1948 and as of June of 2024, it had grown to 80 employees and 23,201 members at 5 locations. Westerly Community Credit Union has a B+ health rating.
Field of Membership Restrictions
Westerly Community Credit Union is open to those who live or work in Rhode Island or the Connecticut counties of New London or Windham.
See current membership details
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Health
B+
Data as of Q2 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67270 |
| Year Chartered | 1948 |
| Employees | 80 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.22% |
| Return on Equity - YTD | 2.93% |
| Annual Interest Income | $10.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $487.9MM$476.5MM |
| Loans | Q2 2024vs Q2 2023 | $390.2MM$381.7MM |
| Deposits | Q2 2024vs Q2 2023 | $420.7MM$418MM |
| Equity Capital | Q2 2024vs Q2 2023 | $36.1MM$33.5MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $1MM$1.9MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $811K$1.4MM |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |