2020-06-26T09:34:46-05:00 2019-12-31 060903326 WHITTLESEY PC 280 TRUMBULL ST 24TH FL HARTFORD CT 06103 990 2019-01-01 050255222 WESTERLY COMMUNITY CREDIT UNION WEST 4015967000 4979 TOWER HILL ROAD WAKEFIELD RI 02879 ROBERT FALSO CFO 4015967000 2020-06-10 1 KIMBERLY NAPP P01390521 8605223111 72.166.67.13 2020-06-10 16:35:47 ED P CA24ECF973123EF8AD4E82DCAE35FEAA6194B244 1298086DC4CC27768D2ED014538A84C18D7F6662 2019 2020-09-23 17:36:50Z ROBERT FALSO 4979 TOWER HILL ROAD WAKEFIELD RI 02879 14928238 0 X WWW.WESTERLYCCU.COM X CREDIT UNION 1948 RI FINANCIAL SERVICES 10 10 82 0 0 0 0 0 12787082 14368945 170045 522578 0 0 12957127 14891523 0 0 0 0 4965914 5290605 0 0 0 5883941 7161900 10849855 12452505 2107272 2439018 295300249 326735039 270309020 299223433 24991229 27511606 TO PROVIDE LOW COST FINANCIAL SERVICES TO THE CREDIT UNION OWNER DEPOSITORS 0 0 MAINTENANCE OF MEMBERS' DEPOSIT ACCOUNT AND THE PAYMENT OF INTEREST AND DIVIDENDS 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 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 3987 0 82 1 0 0 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 1 1 1 1 0 X ROBERT FALSO 4015967000 4979 TOWER HILL ROAD WAKEFIELD RI 02879 DANNY NESMITH CHAIRMAN 1.00 X 13600 0 0 JOSEPH RITACCO BOARD MEMBER 1.00 X 8800 0 0 KRISTIN MARTINO SUPERVISORY COMMITTEE 1.00 X 7400 0 0 NICHOLAS STAHL SUPERVISORY COMMITTEE 1.00 X 7400 0 0 PAUL GENCARELLA SUPERVISORY COMMITTEE 1.00 X 7400 0 0 PAUL MARSIGLIO BOARD MEMBER 1.00 X 8800 0 0 PETER STEFANSKI BOARD MEMBER 1.00 X 10000 0 0 ROBERT DELANEY BOARD TREASURER 1.00 X 10000 0 0 RUTH FOSTER-MORGAN BOARD MEMBER 1.00 X 8800 0 0 SCOTT HAROLD SUPERVISORY COMMITTEE CHAIRPERSON 1.00 X 8200 0 0 SHEILA BEATTIE BOARD MEMBER 1.00 X 8800 0 0 STEVE IACOI SUPERVISORY COMMITTEE 1.00 X 7400 0 0 STEVEN SCALES VICE CHAIRPERSON 1.00 X 10000 0 0 WILLIAM QUIRK BOARD MEMBER 1.00 X 8800 0 0 DAWN SMITH BOARD MEMBER 1.00 X 8800 0 0 ROBERT FALSO CFO 40.00 X 184121 0 0 STEPHEN WHITE CEO 40.00 X 268621 0 0 586942 0 0 2 0 1 0 0 INTEREST INCOME ON LOANS 522100 11693317 11693317 MEMBER SERVICE FEES 522100 2675628 2675628 14368945 322030 322030 89256 148007 36715 0 52541 148007 200548 200548 14891523 14891523 0 0 586942 3481675 1221988 16962 145200 161566 649851 1072300 530715 701268 380886 2022804 765838 LOAN SERVICING EXP 396393 PROVISION FOR LOAN LOSS 225720 OTHER 90251 OREO EXP 2146 12452505 10727017 9555337 1127838 979032 707541 753490 257542243 284735300 27518486 13197352 14192856 14321134 5413157 9357138 5589597 7033608 295300249 326735039 4206594 4845474 4750000 9500000 261352426 284877959 270309020 299223433 X 0 0 0 0 24991229 27511606 24991229 27511606 295300249 326735039 X 2439018 96434 -15073 X X 1 X 1 X 1 0 3564465 3564465 16284122 7040940 9243182 658501 435508 222993 7011398 5720904 1290494 14321134 MEMBERS' SHARE AND SAVINGS ACCTS 284877959 284877959 14891523 0 14891523 0 14891523 12452505 0 12452505 0 12452505 X 0 0 0 ROBERT FALSO CFO 184121 0 0 0 0 0 0 0 0 0 184121 0 0 0 STEPHEN WHITE CEO 268621 0 0 0 0 0 0 0 0 0 268621 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 -15,073. PART XII LINE 2C NO CHANGES IN CURRENT YEAR.