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Filing year 2024

WESTERLY COMMUNITY CREDIT UNION

Wakefield, Rhode Island·EIN 05-0255222·14
Total revenue
$25.8M
Total assets
$497.7M
Total expenses
$24.3M
Reported officers
24
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 24 reported individuals · Filing year 2024

$402k
$434k
Base
$314k
Bonus
$45k
Other
Benefits
$24k
COO & Senior VP of Operati
$294k
$317k
Base
$269k
Bonus
$10k
Other
Benefits
$569
CMO
officer (unspecified)
$250k
$269k
Base
$202k
Bonus
$10k
Other
Benefits
$26k
VP of Lending
vice president
$207k
$224k
Base
$159k
Bonus
$8k
Other
Benefits
$29k
VP Finance and Accounting
vice president
$187k
$202k
Base
$161k
Bonus
$8k
Other
Benefits
$8k
IT Director
chief information officer
$151k
$163k
Base
$116k
Bonus
$4k
Other
Benefits
$24k
VP of Financial Services
vice president
$150k
$162k
Base
$118k
Bonus
$6k
Other
Benefits
$20k
Controller
highest compensated employee
$138k
$149k
Director of Credit and Compliance
highest compensated employee
$135k
$146k
Director of Commercial Lending
highest compensated employee
$123k
$133k
Chairperson
board chair
$14k
$15k
Board Treasurer
board treasurer
$11k
$11k
Board Secretary
board secretary
$11k
$11k
Vice Chairperson
board vice chair
$11k
$11k
Board Member
board member
$9k
$10k
Board Member
board member
$9k
$10k
Board Member
board member
$9k
$10k
Board Member
board member
$9k
$10k
Board Member
board member
$9k
$10k
Board Member
board member
$9k
$10k
Supervisory Committee Chairperson
board chair
$9k
$10k
Supervisory Committee Member
board member
$8k
$9k
Supervisory Committee Member
board member
$8k
$9k
Supervisory Committee Member
board member
$8k
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 6%
from 2023

From $379k in 2023 to $402k in 2024.

$379k
2023
$402k
2024
In today's dollarsEst.
Up 3% in real terms$423k to $434k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

WESTERLY COMMUNITY CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$22.9M
$21.2M
2023
$25.8M
$24.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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