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 740th largest credit union in the nation. It was established in 1948 and as of June of 2023, it had grown to 75 employees and 23,031 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 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67270 |
| Year Chartered | 1948 |
| Employees | 75 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 11.61% |
| Annual Interest Income | $9.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $476.5MM$428.9MM |
| Loans | Q2 2023vs Q2 2022 | $381.7MM$329.0MM |
| Deposits | Q2 2023vs Q2 2022 | $418.0MM$388.7MM |
| Equity Capital | Q2 2023vs Q2 2022 | $33.5MM$31.9MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$1.4MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $1.4MM$448.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |