2011-05-09T15:13:55-00:00 2010-12-31 Root and Associates CPA 225 Newman Avenue Rumford RI 02916 990 2010-01-01 050255222 Westerly Community Credit Union WEST 4015962044 122 Granite Street Westerly RI 028912400 Robert Falso 2011-05-09 true David Root 4012288770 2011-05-09 X 2010 2016-02-24 21:20:13Z Robert Falso 122 Granite Street Westerly RI 02891 12150561 false X Westerlyccu.com X 1948 RI Interest earned from loan and investment activities allows the Credit Union to provide low cost financial services to its member owners. Interest earned from loan and investment activities allows the Credit Union to provide low cost financial services to its member owners. 12 12 75 0 0 12675647 11286775 1063154 863786 0 13738801 12150561 0 0 3954706 4092488 0 0 10259259 7018852 14213965 11111340 -475164 1039221 210948054 213056193 196351306 196734474 14596748 16321719 To provide low cost financial services to the Credit Union owner depositors. false false 11111340 Interest earned on loans and investments allow the Credit Union to provide low cost financial services to its member owners. 11111340 false false false false false false false false true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 6397 0 true 75 true false false false false false false false false false false X 12 12 false false false false true true true true true false true true true true true true false true true true false X Robert Falso 4015982044 122 Granite Street Westerly RI 028912400 William D Home 002.00 X 7250 0 0 David Sayles 001.00 X 3250 0 0 Robert J Delaney 002.00 X 5750 0 0 M Elizabeth Fusco 001.00 X 3250 0 0 Peter D Griggs 001.00 X 3250 0 0 Danny M Nesmith 002.00 X 5750 0 0 William A Quirk 001.00 X 3250 0 0 Ruth Foster-Morgan 001.00 X 5750 0 0 Joseph Limanni 001.00 X 3250 0 0 Steven Scales 001.00 X 6950 0 0 James G Gleason 001.00 X 3250 0 0 Melessa Hill-Bush 001.00 X 3250 0 0 Stephen White 040.00 X X 165781 0 0 Robert Falso 040.00 X X 120346 0 0 Michael Lynch 040.00 X X 101281 0 0 441608 3 false false false Jack Henry & Associates PO Box 503328 St Louis MO 63150 Data Processing 429791 United Healthcare PO Box 1057 Providence RI 02901 Insurance 332444 Diebold Inc 145 Waterman Street East Providence RI 02914 ATM, Equipment Servicing 149956 Northeast Member Business Services PO Box 544 Keene NH 03431 Computer 588025 4 Interest on Loans to Members 9199651 9199651 Fees from Services 1759008 1759008 Gain on Sales of Mortgages 328116 328116 11286775 863786 863786 12150561 12150561 0 0 0 0 441608 441608 0 2564915 2564915 319668 319668 528217 528217 238080 238080 0 92450 92450 82000 82000 0 0 0 203621 203621 190391 190391 791153 791153 0 482602 482602 0 0 0 2171121 2171121 0 559361 559361 79224 79224 Allowance for Loan Losses 597901 597901 Loan Servicing and Collection 200736 200736 Equipment Rental and Servicing 120675 120675 Other Real Estate Owned 509906 509906 Other General and Administrative Expenses 483965 483965 453746 453746 11111340 11111340 8558130 5286616 325000 325000 167323263 173937166 1911549 1820131 14484766 8217056 5681136 6267710 21935448 19477431 983300 983300 4230228 4958839 210948054 213056193 2221105 2923216 12293669 16509679 181836532 177301579 196351306 196734474 X 14596748 16321719 14596748 16321719 210948054 213056193 X 1039221 685750 X false true true X false false 1178154 1178154 7556276 4223412 3357168 4694228 4083470 676280 1056108 1056108 1056108 6267710 Member Savings Accounts 177301579 177301579 12150561 11111340 1039221 1039221 12150561 12150561 12150561 11111340 11111340 11111340 Form 990 Part VI 6 The Credit Union is owned by its member depositors. Form 990 Part VI 7ab The members elect the Board of Directors and ratify its actions at the Annual Meeting. Form 990 Part VI 11 The Form 990 is reviewed by management prior to its filing and copies are provided to the Board of Directors at its subsequent meeting. Form 990 Part VI 12abc The Supervisory Committee monitors the Board of Directors complience with internal policies and provisions of Rhode Island General Law. Form 990 Part VI 14 The Credit Union has a record retention policy in accordance with regulations promulgated by the National Credit Union Administration. Form 990 Part VI 15a Officers salaries are approved annually by the Board of Directors. Form 990 Part VI 15b Fees paid to members of the Board of Directors are approved by the members at the Annual Meeting. Form 990 Part VI 19 Financial results are posted monthly at each branch office. Credit Union policies are available upon request. Form 990 Part XI 5 Increase in equity 734,794 for decrease in the unrealized loss on investments classified as available for sale, and a decrease in equity of 49,044 for an increase in the unfunded pension liability.