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 784th largest credit union in the nation. It was established in 1948 and as of June of 2022, it had grown to 74 employees and 21,967 members at 5 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 Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67270 |
| Year Chartered | 1948 |
| Employees | 74 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.7% |
| Return on Equity - YTD | 9.37% |
| Annual Interest Income | $6.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $428.9MM$398.8MM |
| Loans | Q2 2022vs Q2 2021 | $329.0MM$298.3MM |
| Deposits | Q2 2022vs Q2 2021 | $388.7MM$360.9MM |
| Equity Capital | Q2 2022vs Q2 2021 | $31.9MM$31.9MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $1.4MM$1.5MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $448.00K$284.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$110.00K |