2025-05-15T10:13:25-05:00 2024-12-31 060903326 WHITTLESEY PC 280 TRUMBULL ST 24TH FL HARTFORD CT 06103 990 2024-01-01 050255222 WESTERLY COMMUNITY CREDIT UNION WEST 4015967000 4979 TOWER HILL ROAD WAKEFIELD RI 02879 ANDREW ROGERS SVP & COO 4015967000 2025-05-14 1 1 THOMAS GOLDFUSS P01373588 8605223111 2024 2025-03-06 01:10:19Z ANDREW ROGERS 4979 TOWER HILL ROAD WAKEFIELD RI 02879 34470455 0 X WWW.WESTERLYCCU.COM X CREDIT UNION 1948 RI PROVIDE HIGH QUALITY, LOW COST, FINANCIAL SERVICES TO IMPROVE THE FINANCIAL WELLBEING OF MEMBERS. 10 10 85 0 0 0 0 0 21166026 23875207 541129 1894383 1178931 0 22886086 25769590 0 0 0 0 7287992 7762468 0 0 0 13937352 16560693 21225344 24323161 1660742 1446429 468681098 497668725 433036600 459335689 35644498 38333036 WESTERLY COMMUNITY CREDIT UNION IS MEMBER OWNED AND OPERATED. THE MISSION OF THE CREDIT UNION IS TO IMPROVE THE FINANCIAL WELLBEING OF ITS MEMBER OWNERS. IT DOES SO BY PROVIDING MEMBERS VALUE IN THE PRODUCT DELIVERED AND COMPASSIONATE AND CARING SERVICE. 0 0 MAINTENANCE OF MEMBERS' DEPOSIT ACCOUNT AND THE PAYMENT OF INTEREST AND DIVIDENDS. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7768 0 85 1 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 1 0 1 1 1 0 X ANDREW ROGERS 4015967000 4979 TOWER HILL ROAD WAKEFIELD RI 02879 PETER STEFANSKI CHAIRPERSON 1.00 X X 14200 0 0 STEVEN SCALES VICE CHAIRPERSON 1.00 X X 10600 0 0 ROBERT DELANEY BOARD TREASURER 1.00 X X 10600 0 0 WILLIAM QUIRK BOARD SECRETARY 1.00 X X 10600 0 0 SHEILIA TERRANOVA-BEATTIE BOARD MEMBER 1.00 X 9100 0 0 SCOTT HAROLD BOARD MEMBER 1.00 X 9400 0 0 STEPHEN J IACOI BOARD MEMBER 1.00 X 9400 0 0 PAUL MARSIGLIO BOARD MEMBER 1.00 X 9400 0 0 JOSEPH RITACCO BOARD MEMBER 1.00 X 9400 0 0 DAWN SMITH BOARD MEMBER 1.00 X 9400 0 0 PAUL GENCARELLA SUPERVISORY COMMITTEE CHAIRPERSON 1.00 X 8800 0 0 DANNY NESMITH SUPERVISORY COMMITTEE MEMBER 1.00 X 8000 0 0 NICHOLAS STAHL SUPERVISORY COMMITTEE MEMBER 1.00 X 8000 0 0 KRISTIN MARTINO SUPERVISORY COMMITTEE MEMBER 1.00 X 8000 0 0 STEPHEN WHITE PRESIDENT & CEO 40.00 X 358964 0 42974 ANDREW ROGERS COO & SENIOR VP OF OPERATI 40.00 X 279576 0 14032 MARGARET SISCO CMO 40.00 X 211479 0 38064 RICHARD CHAMP VP OF LENDING 40.00 X 167535 0 39835 AARON CLARK VP FINANCE AND ACCOUNTING 40.00 X 168811 0 18403 ROBERT BOUCHER DIRECTOR OF CREDIT AND COMPLIANCE 40.00 X 118972 0 15864 LAURA DONOHUE CONTROLLER 40.00 X 117515 0 20632 BRIAN ESTEN DIRECTOR OF COMMERCIAL LENDING 40.00 X 117151 0 5719 GWENDOLYN GENCARELLLI VP OF FINANCIAL SERVICES 40.00 X 124014 0 26121 JOSEPH STOY IT DIRECTOR 40.00 X 119504 0 31106 1918421 0 252750 12 0 1 0 0 INTEREST INCOME ON LOANS 522100 20060411 20060411 MEMBER SERVICE FEES 522100 3814796 3814796 23875207 1797976 1797976 8797272 8700865 96407 96407 96407 25769590 25769590 0 0 1918421 4197739 315507 833885 496916 66129 121576 177494 756050 1770469 724012 869011 328578 8439254 1009231 PROVISION FOR LOAN LOSS 1339294 LOAN SERVICING EXP 803925 155670 24323161 12737179 7159956 842407 5319267 1480735 1724667 370606682 395661582 32352716 17520346 15460731 14832370 57921781 62375816 9631583 10595067 468681098 497668725 5626364 4569296 19250000 29250000 408160236 425516393 433036600 459335689 X 0 0 0 0 35644498 38333036 35644498 38333036 468681098 497668725 X 1446429 593305 648804 X X 0 1 X 1 0 3982563 3982563 19242146 9695223 9546923 658501 492423 166078 8469506 7332700 1136806 14832370 US GOVERNMENT AGENCY MORTGAGE BACKED 27452624 F CORPORATE BONDS 1884569 F US GOVERNMENT TREASURY AND AGENCY 30176123 F MARKETABLE CERTIFICATES OF DEPOSIT 1500000 F FHLB STOCK 1362500 C 62375816 MEMBERS' SHARE AND SAVINGS ACCTS 425516393 425516393 25769590 0 25769590 0 25769590 24323161 0 24323161 0 24323161 X 0 0 0 STEPHEN WHITE PRESIDENT & CEO 313537 0 45427 0 0 0 19337 0 23637 0 401938 0 0 0 ANDREW ROGERS COO & SENIOR VP OF OPERATI 269094 0 10482 0 0 0 13463 0 569 0 293608 0 0 0 MARGARET SISCO CMO 201947 0 9532 0 0 0 12233 0 25831 0 249543 0 0 0 RICHARD CHAMP VP OF LENDING 159105 0 8430 0 0 0 10538 0 29297 0 207370 0 0 0 AARON CLARK VP FINANCE AND ACCOUNTING 160828 0 7983 0 0 0 10228 0 8175 0 187214 0 0 0 JOSEPH STOY IT DIRECTOR 115566 0 3938 0 0 0 7372 0 23734 0 150610 0 0 0 GWENDOLYN GENCARELLLI VP OF FINANCIAL SERVICES 117873 0 6141 0 0 0 5698 0 20423 0 150135 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMBER DEPOSITORS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS ELECT THE BOARD OF DIRECTORS AND RATIFY THEIR ACTIONS AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE MERGERS AT THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT PRIOR TO ITS FILING AND COPIES ARE PROVIDED TO THE BOARD OF DIRECTORS AT THE SUBSEQUENT MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ANNUALLY REVIEWS THEIR CONFLICT OF INTEREST POLICY WITH DIRECTORS, OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 OFFICER SALARIES ARE APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE FORMS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET CHANGE IN MINIMUM PENSION LIABILITY 648,804. CECL ADOPTION 0. PART XII LINE 2C NO CHANGES IN CURRENT YEAR.