2019-05-10T10:32:02-05:00 2018-12-31 060903326 WHITTLESEY PC 280 TRUMBULL ST 24TH FL HARTFORD CT 06103 990 2018-01-01 050255222 WESTERLY COMMUNITY CREDIT UNION WEST 4015967000 4979 TOWER HILL RD WAKEFIELD RI 02879 ROBERT FALSO CFO 4015967000 2019-05-10 1 BRIAN KERRIGAN P01072858 8605223111 198.0.144.57 2019-05-10 09:18:47 ED P 6C5EEFABFA0EA739F3885FA0DA6C06A9A46B278A F2F75A5E78403B5CCEAA2F486BC633CE32C272C5 2018 2019-02-21 02:37:17Z ROBERT FALSO 4979 TOWER HILL RD WAKEFIELD RI 02879 13163871 0 X WWW.WESTERLYCCU.COM X CREDIT UNION 1948 RI FINANCIAL SERVICES 12 12 80 0 0 0 0 0 11690829 12787082 130963 170045 0 0 11821792 12957127 0 0 0 0 4670818 4965914 0 0 0 5438319 5883941 10109137 10849855 1712655 2107272 271125389 295300249 248267941 270309020 22857448 24991229 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 80 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 0 0 1 1 1 1 0 X ROBERT FALSO 4015967000 4979 TOWER HILL RD WAKEFIELD RI 02879 DANNY NESMITH CHAIRMAN 1.00 X 11950 0 0 DAWN SMITH BOARD MEMBER 1.00 X 8350 0 0 JOSEPH RITACCO BOARD MEMBER 1.00 X 8350 0 0 KRISTIN MARTINO BOARD MEMBER 1.00 X 5400 0 0 NICHOLAS STAHL SUPERVISORY COMMITTEE 1.00 X 6750 0 0 PAUL GENCARELLA SUPERVISORY COMMITTEE 1.00 X 6750 0 0 PAUL MARSIGLIO BOARD MEMBER 1.00 X 8350 0 0 PETER STEFANSKI BOARD MEMBER 1.00 X 9250 0 0 ROBERT DELANEY BOARD TREASURER 1.00 X 9550 0 0 RUTH FOSTER-MORGAN BOARD MEMBER 1.00 X 8350 0 0 SCOTT HAROLD SUPERVISORY COMMITTEE 1.00 X 7650 0 0 SHEILA BEATTIE BOARD MEMBER 1.00 X 8350 0 0 STEPHEN SCALES BOARD MEMBER 1.00 X 9450 0 0 STEVE IACOI SUPERVISORY COMMITTEE 1.00 X 6750 0 0 WILLIAM HORNE BOARD MEMBER 1.00 X 3100 0 0 WILLIAM QUIRK BOARD MEMBER 1.00 X 8350 0 0 ROBERT FALSO CFO 40.00 X 150273 0 0 STEPHEN WHITE CEO 40.00 X 230128 0 0 507101 0 0 2 0 1 0 0 INTEREST INCOME ON LOANS 522291 10336258 10336258 MEMBER SERVICE FEES 525990 2450824 2450824 12787082 240548 240548 33609 102632 206744 0 -173135 102632 -70503 -70503 12957127 12957127 0 0 507101 3253855 340998 545706 318254 13723 133200 102385 592815 928419 577828 1425791 1141326 LOAN SERVICING EXP 429613 OTHER 375469 PROVISION FOR LOAN LOSS 128617 OREO EXP 34755 10849855 9784200 10727017 2542107 1127838 592631 707541 236215174 257542243 26652994 12460138 7306651 14192856 8934424 5413157 5750202 5589597 271125389 295300249 4144616 4206594 5500000 4750000 238623325 261352426 248267941 270309020 X 0 0 0 0 22857448 24991229 22857448 24991229 271125389 295300249 X 2107272 58377 -31868 X X 1 X 1 X 1 0 1178154 1178154 19349571 6521202 12828369 434575 434575 0 5690694 5504361 186333 14192856 MEMBERS' SHARE AND SAVINGS ACCTS 261352426 261352426 12957128 0 12957128 0 12957128 10849855 0 10849855 0 10849855 X 0 0 0 ROBERT FALSO CFO 150273 0 0 0 0 0 0 0 0 0 150273 0 0 0 STEPHEN WHITE CEO 230128 0 0 0 0 0 0 0 0 0 230128 0 0 0 STEPHEN WHITE X 269000 191767 0 1 1 JOSEPH RITACCO X 425000 382989 0 1 1 MARY ELLEN BUCKLEY X 170000 125986 0 1 1 WILLIAM QUIRK X 225000 180647 0 1 1 STEVEN AND LAURIE SCALES X 59339 59127 0 1 1 STEVEN AND LAURIE SCALES X 167000 126997 0 1 1 1067513 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 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 -31,868. FORM 990, PART XII, LINE 2C: NO CHANGES IN CURRENT YEAR