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Filing year 2024

WESTERLY COMMUNITY CREDIT UNION

Wakefield, Rhode Island·EIN 05-0255222·501(c)(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 · Part VII & Schedule J · 24 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President & CEO
Above 90th percentile
$402k
$434k
Base
$314k
Bonus
$45k
Other
Benefits
$24k
COO & Senior VP of Operati
75th to 90th percentile
$294k
$317k
Base
$269k
Bonus
$10k
Other
Benefits
$569
CMO
Officer (Unspecified)
$250k
$269k
Base
$202k
Bonus
$10k
Other
Benefits
$26k
VP of Lending
Board Vice President
Median to 75th percentile
$207k
$224k
Base
$159k
Bonus
$8k
Other
Benefits
$29k
VP Finance and Accounting
Board Vice President
Median to 75th percentile
$187k
$202k
Base
$161k
Bonus
$8k
Other
Benefits
$8k
IT Director
Chief Information Officer
25th percentile to median
$151k
$163k
Base
$116k
Bonus
$4k
Other
Benefits
$24k
VP of Financial Services
Board Vice President
Median to 75th percentile
$150k
$162k
Base
$118k
Bonus
$6k
Other
Benefits
$20k
Controller
Median to 75th percentile
$138k
$149k
Director of Credit and Compliance
Highest Compensated Employee
25th percentile to median
$135k
$146k
Director of Commercial Lending
Highest Compensated Employee
10th to 25th percentile
$123k
$133k
Chairperson
Board Chair
25th percentile to median
$14k
$15k
Vice Chairperson
Board Vice Chair
25th percentile to median
$11k
$11k
Board Treasurer
Median to 75th percentile
$11k
$11k
Board Secretary
Median to 75th percentile
$11k
$11k
Board Member
25th percentile to median
$9k
$10k
Board Member
25th percentile to median
$9k
$10k
Board Member
25th percentile to median
$9k
$10k
Board Member
25th percentile to median
$9k
$10k
Board Member
25th percentile to median
$9k
$10k
Board Member
25th percentile to median
$9k
$10k
Supervisory Committee Chairperson
Board Chair
25th percentile to median
$9k
$10k
Supervisory Committee Member
Board Member
25th percentile to median
$8k
$9k
Supervisory Committee Member
Board Member
25th percentile to median
$8k
$9k
Supervisory Committee Member
Board Member
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay rose 6% from 2023 to 2024, while revenue rose 13%.

$379k in 2023 to $402k in 2024.
  • Chief Operating Officer pay rose 25% from 2023 to 2024.
  • Board Vice President pay rose 5% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about WESTERLY COMMUNITY CREDIT UNION

What does the Chief Executive Officer of WESTERLY COMMUNITY CREDIT UNION earn?

In 2024, the Chief Executive Officer of WESTERLY COMMUNITY CREDIT UNION received $401,938 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at WESTERLY COMMUNITY CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at WESTERLY COMMUNITY CREDIT UNION falls in the top 10%.

What are WESTERLY COMMUNITY CREDIT UNION's revenue and expenses?

In 2024, WESTERLY COMMUNITY CREDIT UNION reported $25.8M in total revenue and $24.3M in total expenses on its IRS Form 990.

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