Financial Strength
At Westerly Community, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We believe in being transparent about our financial health so you can feel confident in choosing us as your trusted financial partner. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $42,597,881, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 8.75% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $107,135,745 in share certificates and $36,239,305 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $12,316,041, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our commitment to excellence is reflected in our $42,258,311 in undivided earnings, which we reinvest into innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. With $1,490 in used auto loans and $392,288,553 in total loans and leases, our lending capacity supports members' financial goals across various sectors. Our operational efficiency is highlighted by our $792,651, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 79 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $1,150,748. Total Share and Deposit Accounts: 38,853, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Westerly Community is your trusted partner. Visit us at 4979 Tower Hill Rd Wakefield Ri 02879 or call (401) 596-7000 to learn more about how we can help you achieve your financial goals.
Loan Offering
At Westerly Community, we understand that financial needs come in many shapes and sizes. Whether you're looking to purchase a new vehicle, buy your first home, or manage daily expenses with a credit card, we've got you covered with a variety of loan products designed to help you achieve your goals. With over 12300 loans issued, we've helped thousands of members achieve their financial goals. Our auto loans stand out as one of the most popular offerings. Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $20,408,644 in used vehicle loans and $7,680,022 in new vehicle loans already helping members get on the road. For those considering homeownership, our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $39,910,321, making buying or refinancing simple. We strive to make the process straightforward so that you can focus on what truly matters making your house a home. If you're a business owner, our outstanding commercial loans totaling $39,794,516 provide the capital needed to grow and expand your business. We recognize the unique challenges faced by entrepreneurs and aim to support their journey toward success. For personal finance management, we also offer flexible terms on unsecured credit card loans. With a total of $5,149,875 in unsecured credit card loans assisting members in managing their finances effectively, you can enjoy peace of mind knowing you have options for unexpected expenses or everyday purchases. Additionally, if you're looking to refinance any existing loans or explore eligibility options tailored to your needs, our team is here to guide you through every step. We believe that everyone deserves access to affordable financing solutions. Our branch is located at 4979 Tower Hill Rd Wakefield Ri 02879. For more information or inquiries about our loan products, feel free to reach out at 401-596-7000. We're committed to providing personalized service to help you navigate your financial journey. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Explore how we can assist you today!
