Westerly Community Credit Union
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.
Westerly Community Credit Union at a glance
In short: Westerly Community Credit Union gave $85K across 3 grants in 2025 (avg $28K), mostly in Rhode Island. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $85,000
- Grants made (2025)
- 3
- Average grant
- $28,333
- Median grant
- $20,000
- Total assets
- $506,617,789
- +1.8% vs 2024
- Primary geography
- Rhode Island (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Westerly Community Credit Union funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Tower Street Community Center Inc ($50K). Together the top 3 received $85K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 3 grants totaling $85K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $506,617,789 | $28,666,146 | $24,750,823 | $85,000 | 3 | $3,249,332 |
| 2024 | $497,668,725 | $25,769,590 | $24,323,161 | — | — | $1,894,383 |
| 2023 | $468,681,098 | $22,886,086 | $21,225,344 | — | — | $541,129 |
| 2022 | $452,757,930 | $18,312,399 | $14,838,035 | — | — | $780,295 |
| 2021 | $412,210,779 | $17,253,972 | $12,808,141 | — | — | $885,949 |
| 2020 | $367,124,004 | $15,367,113 | $12,532,611 | — | — | $886,233 |
| 2019 | $326,735,039 | $14,891,523 | $12,452,505 | — | — | $522,578 |
About Westerly Community Credit Union
Based on IRS filings
Westerly Community Credit Union is a public charity, 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.
Leadership & Key People
Officers and directors from IRS filings
Westerly Community Credit Union is led by Stephen White, CEO since 2025 (on filings since 2019); all 25 officers listed in 2025 are compensated.
Officers on the 2025 filing
Stephen White
CEO
CEO → President & CEO, 2023
President & CEO → CEO, 2025
On filings since 2019
40 hrs/week
$269K (2019) → $409K (2025)
Andrew Rogers
President
COO & Senior Vice President of Operations → COO & Senior Vice President of Operati, 2024
COO & Senior Vice President of Operati → President, 2025
On filings since 2021
40 hrs/week
$179K (2021) → $297K (2025)
Peter Stefanski
Chairperson
Board Member → Chairperson, 2020
On filings since 2019
1 hr/week
$10K (2019) → $15K (2025)
Joseph Stoy
It Director
On filings since 2024
40 hrs/week
$120K (2024) → $145K (2025)
Alycia Marandloa
Director of Human Resources
New on the 2025 filing
40 hrs/week
$109K (2025)
Danny Nesmith
Supervisory Committee Member
Chairman → Supervisory Committee Member, 2024
On filings since 2019
1 hr/week
$14K (2019) → $9K (2025)
Dawn Smith
Board Member
On filings since 2019
1 hr/week
$9K (2019) → $10K (2025)
Joseph Ritacco
Board Member
On filings since 2019
1 hr/week
$9K (2019) → $10K (2025)
Kristin Martino
Supervisory Committee Member
Supervisory Committee → Supervisory Committee Member, 2024
On filings since 2019
1 hr/week
$7K (2019) → $9K (2025)
Nicholas Stahl
Supervisory Committee Member
Supervisory Committee → Supervisory Committee Member, 2024
On filings since 2019
1 hr/week
$7K (2019) → $9K (2025)
Paul Gencarella
Supervisory Committee Chai
Supervisory Committee → Supervisory Committee Chairperson, 2024
Supervisory Committee Chairperson → Supervisory Committee Chai, 2025
On filings since 2019
1 hr/week
$7K (2019) → $9K (2025)
Paul Marsiglio
Board Member
On filings since 2019
1 hr/week
$9K (2019) → $10K (2025)
Robert Delaney
Board Treasurer
On filings since 2019
1 hr/week
$10K (2019) → $11K (2025)
Scott Harold
Board Member
Supervisory Committee Chairperson → Board Member, 2020
On filings since 2019
1 hr/week
$8K (2019) → $10K (2025)
Steven Scales
Vice Chairperson
On filings since 2019
1 hr/week
$10K (2019) → $11K (2025)
William Quirk
Board Secretary
Board Member → Board Secretary, 2020
On filings since 2019
1 hr/week
$9K (2019) → $11K (2025)
Margaret Sisco
Cxo
CMO → Cxo, 2025
On filings since 2021
40 hrs/week
$157K (2021) → $222K (2025)
Sheilia Terranova-Beattie
Board Member
On filings since 2022
1 hr/week
$9K (2022) → $10K (2025)
Stephen J. Iacoi
Board Member
On filings since 2022
1 hr/week
$9K (2022) → $10K (2025)
Richard Champ
Vice President of Commercial Lending
Vice President of Lending → Vice President of Commercial Lending, 2025
On filings since 2023
40 hrs/week
$155K (2023) → $180K (2025)
Aaron Clark
CFO
Vice President Finance & Accounting → CFO, 2025
On filings since 2024
40 hrs/week
$169K (2024) → $180K (2025)
Gwendolyn Gencarellli
Vice President of Financial Services
On filings since 2024
40 hrs/week
$124K (2024) → $135K (2025)
Laura Donohue
Controller
On filings since 2024
40 hrs/week
$118K (2024) → $114K (2025)
James Maloney
Vice President of Consumer & Mortgage Lending
New on the 2025 filing
40 hrs/week
$169K (2025)
Shannon Melchione
Business Development Officer
New on the 2025 filing
40 hrs/week
$117K (2025)
Former officers (10)
- Former: Robert Boucher (2021–2024) — Director of Credit & Compliance
- Former: Brian Esten (2024) — Director of Commercial Lending
- Former: Robert Falso (2019–2022) — CFO
- Former: Sheila Beattie (2019–2021) — Board Member
- Former: Steve Iacoi (2019–2021) — Board Member
- Former: Jeanne Abate (2021) — Senior Mortgage Originator
- Former: Jeffery Vandervorste (2021) — Senior Mortgage Originator
- Former: Mary Ellen Buckley (2021) — Vice President of Finance Services
- Former: Richard Smith (2021) — Director of Business
- Former: Ruth Foster-Morgan (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $409K, to Stephen White (CEO). 25 officers or directors reported compensation on that filing.
Frequently asked questions about Westerly Community Credit Union
How much does Westerly Community Credit Union give each year?
Westerly Community Credit Union gave $85K across 3 grants in 2025, according to its 2025 IRS Form 990.
What is Westerly Community Credit Union's typical grant size?
Westerly Community Credit Union's median grant in 2025 was $20,000, and its average grant was $28,333, across 3 grants on its 2025 IRS Form 990.
Where does Westerly Community Credit Union give grants?
Westerly Community Credit Union gives mostly in Rhode Island: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Westerly, RI (2 grants).
Does Westerly Community Credit Union give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Westerly Community Credit Union's 2025 IRS Form 990 were described as general or operating support.
How large is Westerly Community Credit Union?
Westerly Community Credit Union reported $506.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $28.7M.
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.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS June 26, 2020)
Other open foundation grants in Rhode Island
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Similar Funders
Similar funders in Rhode Island
The Rhode Island Community Foundation
Providence, RI
The Rhode Island Community Foundation funds nonprofits and community efforts in areas including education, arts and culture, housing, health, climate action, and economic mobility. Its 2024 grants had a median of about $23,940, with giving concentrated in Rhode Island; the profile does not state whether it accepts unsolicited requests.
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CVS Foundation
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CVS Foundation funds health care access and outcomes, preventive and community health, health-related needs such as food and housing, education and workforce development, and disaster response across the United States. In 2024, it made 778 grants totaling about $21.4 million; awards ranged from $250 to $2.46 million, with a median of $1,500. It does not accept unsolicited requests; support is by invitation or RFP only, and no RFPs are currently open.
Assets
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Total Given
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United Way of Rhode Island Inc
Providence, RI
United Way of Rhode Island funds Rhode Island nonprofits working on economic security, children’s learning, housing, food access, safety, and related community needs. In 2025, grants ranged from $5,008 to $547,033, with a median of $15,000; its emergency grants offer up to $50,000, with average awards of $25,000–$30,000. It accepts applications for emergency grants on a rolling basis.
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Ralph R Papitto & Barbara a Papitto
Providence, RI
Papitto Opportunity Connection funds Rhode Island 501(c)(3) organizations working in education, job skills training, housing, healthcare, and entrepreneurship, with a focus on communities most in need. It gives about $6 million annually; small grants are generally $5,000–$20,000, though awards vary widely. It accepts unsolicited applications during set periods, but its application page says proposals are not currently being accepted.
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Brown University
Providence, RI
Brown University’s reported grants support education, student aid, and research, with listed awards primarily identified as subcontracts. In 2025, grants ranged from $5,325 to $3.36 million, with a median of about $98,700; recipients were concentrated in Rhode Island, Massachusetts, California, New York, and Washington, DC. The profile does not state that Brown accepts unsolicited requests; its website describes proposal support for Brown researchers.
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The Beacon Foundation
Warwick, RI
The Beacon Foundation funds U.S. nonprofits and municipalities working in health, wellness, education, disability services, and other charitable or civic areas, with priority for Rhode Island and nearby communities. Its 2025 grants ranged from $20 to $20,100, with a median of $1,000. It accepts unsolicited requests.
Assets
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Grants
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Total Given
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Westerly Community Credit Union down — hundreds of funders to go?