Westerly Community Credit Union

Foundation · Grantmaker Wakefield, RI EIN: 05-0255222 Website

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.

Key facts about Westerly Community Credit Union

EIN: 05-0255222
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $85,000
Grants made (2025): 3
Average grant: $28,333
Median grant: $20,000
Total assets: $506,617,789
Primary geography: Rhode Island (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Who Westerly Community Credit Union funds

By grant dollars, the top recipient states for Westerly Community Credit Union's 3 itemized 2025 grants were Rhode Island (100%). The most frequent recipient cities were Westerly, RI (2 grants). None of its 3 grants with a stated purpose were described as general or operating support.

Next steps with Westerly Community Credit Union

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$506.6M

+1.8% YoY

Annual Giving

$85K

Grant Count

Avg Grant Size

$28K

About Westerly Community Credit Union

Based on IRS filings

Westerly Community Credit Union is a nonprofit organization, based in Wakefield, RI. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $506.6M in total assets. In 2025, it awarded 3 grants totaling $85K. Net investment income was $3.2M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $85K (100%)

Share of all 3 itemized 2025 grant dollars.

States

Rhode Island

Cities

WesterlyWakefield

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$506,617,789	$497,668,725	$468,681,098
Revenue	$28,666,146	$25,769,590	$22,886,086
Expenses	$24,750,823	$24,323,161	$21,225,344
Qualifying Distributions	—	—	—
Net Investment Income	$3,249,332	$1,894,383	$541,129
Distributable Amount	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

September 26, 2026 Added Form 990 for fiscal year 2019 (received by the IRS June 26, 2020)
September 26, 2026 Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Grant Size Distribution

3 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include Tower Street Community Center Inc ($50,000), South County Health ($20,000), Westerly Area Meals Inc ($15,000).

Recipient	Purpose	Amount
TOWER STREET COMMUNITY CENTER INC Westerly, RI	CAPITAL CAMPAIGN	$50,000
SOUTH COUNTY HEALTH Wakefield, RI	CAPITAL CAMPAIGN	$20,000
WESTERLY AREA MEALS INC Westerly, RI	PROPERTY REHABILITATION	$15,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

Name	Title	Hours	Compensation
Peter Stefanski	Chairperson	1	$14,725
Steven Scales	Vice Chairperson	1	$11,125
Robert Delaney	Board Treasurer	1	$11,125
William Quirk	Board Secretary	1	$11,125
Sheilia Terranova-Beattie	Board Member	1	$9,925
Scott Harold	Board Member	1	$9,925
Stephen J Iacoi	Board Member	1	$9,925
Paul Marsiglio	Board Member	1	$9,925
Joseph Ritacco	Board Member	1	$9,925
Dawn Smith	Board Member	1	$9,925
Paul Gencarella	Supervisory Committee Chai	1	$9,325
Danny Nesmith	Supervisory Committee Memb	1	$8,525
Nicholas Stahl	Supervisory Committee Memb	1	$8,525
Kristin Martino	Supervisory Committee Memb	1	$8,525
Stephen White	CEO	40	$409,172
Andrew Rogers	President	40	$296,908
Margaret Sisco	Cxo	40	$222,299
Richard Champ	VP of Commercial Lending	40	$179,853
Aaron Clark	CFO	40	$179,958
James Maloney	VP of Consumer and Mortgage Lending	40	$168,931
Gwendolyn Gencarellli	VP of Financial Services	40	$134,524
Joseph Stoy	It Director	40	$144,875
Shannon Melchione	Business Development Officer	40	$116,656
Alycia Marandloa	Director of Human Resources	40	$109,075
Laura Donohue	Controller	40	$114,496

Frequently Asked Questions

How large is Westerly Community Credit Union?

As of 2025, Westerly Community Credit Union holds $506.6M in total assets with $28.7M in annual revenue. It awarded 3 grants totaling $85K in 2025.

Where does Westerly Community Credit Union operate?

Westerly Community Credit Union has awarded grants in Rhode Island.

What size grants does Westerly Community Credit Union award?

In 2025, Westerly Community Credit Union awarded 3 grants totaling $85K — an average of about $28K per grant, based on its IRS Form 990 filings.

What is Westerly Community Credit Union's EIN?

Westerly Community Credit Union's EIN (Employer Identification Number) is 05-0255222. IRS Form 990 filing data is available on this page for 2019–2025.