Westerly Community Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 050255222 ✦ Wakefield, RI ✦ Designated as a 501(c)(14)

Overview

What is Westerly Community Credit Union?

Westerly Community Credit Union, located at 4979 Tower Hill Road in Wakefield, Rhode Island (02879), is a member-owned financial institution with a mission to enhance the financial wellbeing of its members. With a team of 92 employees, the credit union offers high-quality, affordable financial services. Their primary activities include maintaining members' deposit accounts, paying interest and dividends. The credit union's compassionate and caring approach sets it apart, as it is dedicated to providing value to its members.


Official website here: www.westerlyccu.com

Is Westerly Community Credit Union legitimate?

Westerly Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Westerly Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,325,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,116,464

For more financial information, click here


Official website here: www.westerlyccu.com

What is the mission statement of Westerly Community Credit Union?

Westerly Community Credit Union is a member-owned financial institution committed to enhancing the financial wellbeing of its members. Established with a mission to provide value in the products and services offered, the credit union prioritizes compassionate and caring customer service. Its primary focus is on maintaining members' deposit accounts and paying interest and dividends. By offering high-quality, low-cost financial services, Westerly Community Credit Union aims to make a positive impact on its members' lives.


Official website here: www.westerlyccu.com

Who is the CEO of Westerly Community Credit Union?

Andrew Rogers is the Chairperson of Westerly Community Credit Union. The CEO's salary of Westerly Community Credit Union is $324,136 and their total compensation is $355,702.


Official website here: www.westerlyccu.com

What is the revenue of Westerly Community Credit Union?

Westerly Community Credit Union's revenue in 2022 was $18,312,399.


Official website here: www.westerlyccu.com

Who are the executives of Westerly Community Credit Union and what are their salaries?

The average compensation at Westerly Community Credit Union during 2022 was $59,155. There are 92 employees at Westerly Community Credit Union.

Here are 15 key members and their salaries (Westerly Community Credit Union's CEO's salary is $324,136 and their total compensation is $355,702):

    Stephen White (Ceo)
  • Compensation: $324,136
  • Related: $0
  • Other: $31,566

    • Robert Falso (Cfo)
  • Compensation: $284,166
  • Related: $0
  • Other: $868

    • Andrew Rogers (Coo)
  • Compensation: $198,727
  • Related: $0
  • Other: $15,912

    • Margaret Sisco (Cmo)
  • Compensation: $180,248
  • Related: $0
  • Other: $19,901

    • Robert Boucher (Vp Of Lending)
  • Compensation: $165,274
  • Related: $0
  • Other: $2,594

    • Peter Stefanski (Chairperson) [Trustee/Director]
  • Compensation: $14,200
  • Related: $0
  • Other: $0

    • Steven Scales (Vice Chairperson) [Trustee/Director]
  • Compensation: $10,600
  • Related: $0
  • Other: $0

    • Robert Delaney (Board Treasurer) [Trustee/Director]
  • Compensation: $10,600
  • Related: $0
  • Other: $0

    • William Quirk (Board Secretary) [Trustee/Director]
  • Compensation: $10,600
  • Related: $0
  • Other: $0

    • Sheilia Terranova-Beattie (Board Member) [Trustee/Director]
  • Compensation: $9,400
  • Related: $0
  • Other: $0

    • Scott Harold (Board Member) [Trustee/Director]
  • Compensation: $9,400
  • Related: $0
  • Other: $0

    • Stephen J Iacoi (Board Member) [Trustee/Director]
  • Compensation: $9,400
  • Related: $0
  • Other: $0

    • Paul Marsiglio (Board Member) [Trustee/Director]
  • Compensation: $9,400
  • Related: $0
  • Other: $0

    • Joseph Ritacco (Board Member) [Trustee/Director]
  • Compensation: $9,400
  • Related: $0
  • Other: $0

    • Dawn Smith (Board Member) [Trustee/Director]
  • Compensation: $9,400
  • Related: $0
  • Other: $0


  • Official website here: www.westerlyccu.com

    Where can I find the form 990 for Westerly Community Credit Union?

    The Westerly Community Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.westerlyccu.com

    Learn more at the official website: www.westerlyccu.com

    Mission Statement of Westerly Community Credit Union

    Westerly Community Credit Union, a member-owned and operated financial institution, is dedicated to enhancing the financial wellbeing of its members. With a mission to provide value in the products delivered and compassionate and caring service, the credit union aims to improve the financial livelihoods of its owner-members.

    At the heart of Westerly Community Credit Union's operations is the maintenance of members' deposit accounts. The credit union offers various financial products, including savings and checking accounts, that provide members with a safe and reliable place to save and manage their money. Additionally, the credit union pays interest and dividends on members' deposits, ensuring that their savings grow over time.

    Westerly Community Credit Union's commitment to its members goes beyond just providing financial services. The credit union places a strong emphasis on compassionate and caring service. By treating each member with respect and understanding, the credit union fosters a strong sense of community among its members.

    In summary, Westerly Community Credit Union is a member-focused financial institution that is dedicated to improving the financial wellbeing of its members. Through its various financial products and compassionate service, the credit union helps its members manage their money effectively and build a better financial future.

    Impact

    This information is meant to be a general summary of Westerly Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Westerly Community Credit Union impacts its community by providing high-quality, low-cost financial services to improve the financial wellbeing of its members. Through the maintenance of members' deposit accounts and the payment of interest and dividends, the credit union works towards its mission of improving the financial wellbeing of its member owners. By offering value in its products and delivering compassionate and caring service, Westerly Community Credit Union plays a vital role in enhancing the financial stability of its members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $780,295
  • Program Service Revenue: $17,532,104
  • Gross Receipts: $22,939,883

    • Assets and Liabilities:
  • Total Assets: $452,757,930
  • Total Liabilities: $420,996,863
  • Net Assets: $31,761,067
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST INCOME ON LOANS

    Revenue

    $13,762,874

    MEMBER SERVICE FEES

    Revenue

    $3,769,230

    Organization Details

    Founding Year

    1948

    Principal Officer

    Andrew Rogers

    Main Address

    4979 TOWER HILL ROAD, WAKEFIELD, RI, 02879

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Westerly Community Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.