Applications / Mortgage Analytics / Lenders / Rhode Island / Westerly Community Credit Union
Wakefield, RI · Credit union · NCUA · $507 million assets · 466 loans in 2025
Westerly Community Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
466
loans originated, 2025
837
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Westerly Community Credit Union, of Wakefield, Rhode Island, lends mostly for home improvement and other purposes, and makes far more manufactured-home loans than similar credit unions.
Home-improvement loans made up 37.3% of its 466 loans in 2025 and other-purpose loans 21.9%. Purchases took 28.8% and refinances 12.0%. Its typical loan was $125,000, against $105,000 at similar credit unions (those making between half and twice as many loans).
Manufactured homes took 15.7% of its loans, against 0.3% at peers, more than at almost all of them. Higher-priced loans (a rate well above the average for similar loans) were 7.1% of its lending, against 1.9% at peers. Its manufactured-home lending and its home-improvement and other-purpose loans could account for most of that difference. Its typical rate, 6.99%, matched peers' 7.00%.
It made 183 loans in 2023 and 469 in 2024, and held at 466 in 2025. Its record shows no merger behind the jump. Its typical loan fell from $205,000 in 2020 to $125,000, which would fit a move into smaller home-improvement and other-purpose loans, though the figures do not show when that mix changed.
It ranks 51 of 475 in Providence-Warwick and 47 of 312 in Norwich-New London, both markets it has served since 1991. Its share in Providence-Warwick slipped from 0.6% to 0.5%, a small move that larger rivals such as Citizens Bank, the leader there, could account for.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Westerly Community Credit Union took 837 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 37.3% · Purchase 28.8% · Other 21.9% · Refinance 12.0%
Conventional 100.0% · of 466 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Rhode Island | 346 | 74.2% |
| Connecticut | 50 | 10.7% |
| Maine | 32 | 6.9% |
| New Hampshire | 31 | 6.7% |
| Massachusetts | 7 | 1.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Providence-Warwick | 348 |
| Norwich-New London-Willimantic | 47 |
| Portland-South Portland | 30 |
| Rockingham County-Strafford County | 22 |
| Worcester | 3 |
| Boston | 1 |
| Cambridge-Newton-Framingham | 1 |
| Hartford-West Hartford-East Hartford | 1 |
| Lewiston-Auburn | 1 |
| Manchester-Nashua | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BUIG4G67S5O712 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 525996 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 567270 | 1990–2017 |
Established 1 January 1948. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Westerly Community Credit Union's data.
Westerly Community Credit Union's data
$215
Westerly Community Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy Westerly Community Credit Union's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]