Nonprofit · EIN 05-0255222
WESTERLY COMMUNITY CREDIT UNION
Tax-exempt · WAKEFIELD, RI 02879
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $28,666,146 | $24,750,823 | $3,915,323 | $506,617,789 | $462,386,114 | $44,231,675 |
| December 31, 2024 | 990 | $25,769,590 | $24,323,161 | $1,446,429 | $497,668,725 | $459,335,689 | $38,333,036 |
| December 31, 2023 | 990 | $22,886,086 | $21,225,344 | $1,660,742 | $468,681,098 | $433,036,600 | $35,644,498 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $23,410,312
- Investment income
- $3,249,332
- Net gain from sales of assets
- $979,154
- Other revenue
- $2,006,502
Expenses
- Grants and similar amounts paid
- $148,073
- Compensation of officers, directors and key employees
- $2,219,297
- Other salaries and wages
- $4,430,024
- Salaries, compensation and benefits (total)
- $8,440,408
- Professional fundraising fees
- $0
- Legal fees
- $34,665
- Accounting fees
- $107,114
- Occupancy
- $761,240
- Travel
- $334,259
- Depreciation
- $991,088
Balance sheet and other
- Total assets, start of year
- $497,668,725
- Total assets, end of year
- $506,617,789
- Total liabilities, end of year
- $462,386,114
- Net assets, end of year
- $44,231,675
- Land, buildings and equipment
- $14,845,645
- Gross receipts
- $34,044,423
- Employees
- 96
- Volunteers
- 0
- Year formed
- 1948
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN WHITE | CEO Officer | 40 | $409,172 | $42,194 |
| ANDREW ROGERS | PRESIDENT Officer | 40 | $296,908 | $15,435 |
| MARGARET SISCO | CXO Officer | 40 | $222,299 | $40,527 |
| RICHARD CHAMP | VP OF COMMERCIAL LENDING Key employee | 40 | $179,853 | $43,381 |
| AARON CLARK | CFO Key employee | 40 | $179,958 | $19,179 |
| JOSEPH STOY | IT DIRECTOR Highest-paid employee | 40 | $144,875 | $37,519 |
| JAMES MALONEY | VP OF CONSUMER AND MORTGAGE LENDING Key employee | 40 | $168,931 | $5,587 |
| GWENDOLYN GENCARELLLI | VP OF FINANCIAL SERVICES Highest-paid employee | 40 | $134,524 | $27,002 |
| ALYCIA MARANDLOA | DIRECTOR OF HUMAN RESOURCES Highest-paid employee | 40 | $109,075 | $36,173 |
| LAURA DONOHUE | CONTROLLER Highest-paid employee | 40 | $114,496 | $21,174 |
| SHANNON MELCHIONE | BUSINESS DEVELOPMENT OFFICER Highest-paid employee | 40 | $116,656 | $7,084 |
| PETER STEFANSKI | CHAIRPERSON Trustee or director, Officer | 1 | $14,725 | $0 |
| STEVEN SCALES | VICE CHAIRPERSON Trustee or director, Officer | 1 | $11,125 | $0 |
| ROBERT DELANEY | BOARD TREASURER Trustee or director, Officer | 1 | $11,125 | $0 |
| WILLIAM QUIRK | BOARD SECRETARY Trustee or director, Officer | 1 | $11,125 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHEILIA TERRANOVA-BEATTIE | BOARD MEMBER Trustee or director | 1 | $9,925 |
| SCOTT HAROLD | BOARD MEMBER Trustee or director | 1 | $9,925 |
| STEPHEN J IACOI | BOARD MEMBER Trustee or director | 1 | $9,925 |
| PAUL MARSIGLIO | BOARD MEMBER Trustee or director | 1 | $9,925 |
| JOSEPH RITACCO | BOARD MEMBER Trustee or director | 1 | $9,925 |
| DAWN SMITH | BOARD MEMBER Trustee or director | 1 | $9,925 |
| PAUL GENCARELLA | SUPERVISORY COMMITTEE CHAI Trustee or director | 1 | $9,325 |
| DANNY NESMITH | SUPERVISORY COMMITTEE MEMB Trustee or director | 1 | $8,525 |
| NICHOLAS STAHL | SUPERVISORY COMMITTEE MEMB Trustee or director | 1 | $8,525 |
| KRISTIN MARTINO | SUPERVISORY COMMITTEE MEMB Trustee or director | 1 | $8,525 |
990 for the year ended December 31, 2024: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN WHITE | PRESIDENT & CEO Officer | 40 | $358,964 | $42,974 |
| ANDREW ROGERS | COO & SENIOR VP OF OPERATI Officer | 40 | $279,576 | $14,032 |
| MARGARET SISCO | CMO Officer | 40 | $211,479 | $38,064 |
| RICHARD CHAMP | VP OF LENDING Key employee | 40 | $167,535 | $39,835 |
| AARON CLARK | VP FINANCE AND ACCOUNTING Key employee | 40 | $168,811 | $18,403 |
| JOSEPH STOY | IT DIRECTOR Highest-paid employee | 40 | $119,504 | $31,106 |
| GWENDOLYN GENCARELLLI | VP OF FINANCIAL SERVICES Highest-paid employee | 40 | $124,014 | $26,121 |
| LAURA DONOHUE | CONTROLLER Highest-paid employee | 40 | $117,515 | $20,632 |
| ROBERT BOUCHER | DIRECTOR OF CREDIT AND COMPLIANCE Highest-paid employee | 40 | $118,972 | $15,864 |
| BRIAN ESTEN | DIRECTOR OF COMMERCIAL LENDING Highest-paid employee | 40 | $117,151 | $5,719 |
| PETER STEFANSKI | CHAIRPERSON Trustee or director, Officer | 1 | $14,200 | $0 |
| STEVEN SCALES | VICE CHAIRPERSON Trustee or director, Officer | 1 | $10,600 | $0 |
| ROBERT DELANEY | BOARD TREASURER Trustee or director, Officer | 1 | $10,600 | $0 |
| WILLIAM QUIRK | BOARD SECRETARY Trustee or director, Officer | 1 | $10,600 | $0 |
| SCOTT HAROLD | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| STEPHEN J IACOI | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| PAUL MARSIGLIO | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| JOSEPH RITACCO | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| DAWN SMITH | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| SHEILIA TERRANOVA-BEATTIE | BOARD MEMBER Trustee or director | 1 | $9,100 | $0 |
| PAUL GENCARELLA | SUPERVISORY COMMITTEE CHAIRPERSON Trustee or director | 1 | $8,800 | $0 |
| DANNY NESMITH | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $8,000 | $0 |
| NICHOLAS STAHL | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $8,000 | $0 |
| KRISTIN MARTINO | SUPERVISORY COMMITTEE MEMBER Trustee or director | 1 | $8,000 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN WHITE | PRESIDENT & CEO Officer | 40 | $337,551 | $41,364 |
| ANDREW ROGERS | COO & SENIOR VP OF OPERATIONS Officer | 40 | $223,488 | $11,006 |
| MARGARET SISCO | CMO Officer | 40 | $194,541 | $33,693 |
| ROBERT BOUCHER | VP OF RETAIL LEADING Key employee | 40 | $175,663 | $21,258 |
| RICHARD CHAMP | VP OF LENDING Key employee | 40 | $154,783 | $31,928 |
| PETER STEFANSKI | CHAIRPERSON Trustee or director, Officer | 1 | $14,200 | $0 |
| STEVEN SCALES | VICE CHAIRPERSON Trustee or director, Officer | 1 | $10,600 | $0 |
| ROBERT DELANEY | BOARD TREASURER Trustee or director, Officer | 1 | $10,600 | $0 |
| WILLIAM QUIRK | BOARD SECRETARY Trustee or director, Officer | 1 | $10,600 | $0 |
| SHEILIA TERRANOVA-BEATTIE | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| SCOTT HAROLD | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| STEPHEN J IACOI | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| JOSEPH RITACCO | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| DAWN SMITH | BOARD MEMBER Trustee or director | 1 | $9,400 | $0 |
| PAUL MARSIGLIO | BOARD MEMBER Trustee or director | 1 | $9,100 | $0 |
Address and contacts
- Address (IRS master file)
- 4979 TOWER HILL RD, WAKEFIELD, RI 02879-2283
- In care of
- % ALYCIA MARANDOLA
- Principal officer (990 for 2025)
- AARON CLARK, 4979 TOWER HILL ROAD, WAKEFIELD, RI 02879
- Signed the 990
- AARON CLARK, CFO
- Phone
- (401) 596-7000
- Website
- WWW.WESTERLYCCU.COM
- Return prepared by
- WHITTLESEY PC
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.
Program accomplishments
- NOT REQUIRED.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0255222
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $506,617,789
- Income (IRS master file)
- $34,044,423
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $28,666,146 | $24,750,823 | $506,617,789 | IRS |
| 990 | December 2024 | $25,769,590 | $24,323,161 | $497,668,725 | IRS |
| 990 | December 2023 | $22,886,086 | $21,225,344 | $468,681,098 | XML |
| 990 | December 2022 | $18,312,399 | $14,838,035 | $452,757,930 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0255222).
Questions about WESTERLY COMMUNITY CREDIT UNION
- What is the EIN of WESTERLY COMMUNITY CREDIT UNION?
- The employer identification number (EIN) of WESTERLY COMMUNITY CREDIT UNION is 05-0255222.
- Is WESTERLY COMMUNITY CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1993.
- Are donations to WESTERLY COMMUNITY CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WESTERLY COMMUNITY CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WESTERLY COMMUNITY CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WESTERLY COMMUNITY CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of WESTERLY COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2025 names AARON CLARK.
- Who are the officers and directors of WESTERLY COMMUNITY CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 25 people; 25 received compensation from the organization, the highest $409,172 (STEPHEN WHITE, CEO).
- How much revenue does WESTERLY COMMUNITY CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $28,666,146, expenses of $24,750,823 and total assets of $506,617,789 at year end.
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