Ocean State Credit Union

Headquarters

2006 Nooseneck Hill Road
Coventry, RI 02816
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 5.50% →
1-Year CD 0.50% 4.80% →
2-Year CD 0.55% 4.25% →
5-Year CD 1.00% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Ocean State is an NCUA insured institution located in Coventry, RI. It was founded in 1950 and has approximately $344.65 millions in assets.

Who can join?

With four branches located from Coventry to North Kingstown and boarder-less online banking, Coventry Credit Union has become a financial resource to people in the area.

NCUA Insured Yes / State-Chartered
Charter Number # # 66595
Date Established 1950
Assets $344.65 million
Loans $282.15 million
Deposits $267.21 million
Capital $38.34 million
 

Field of Membership Restrictions

By current federal statute, credit unions cannot serve the general public. People qualify for a credit union membership through their employer, organizational affiliations like churches or social groups, or a community-chartered credit union.

Deposit Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.03% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.45% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Loan Rates - November 21, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Ocean State

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.955% 6.875% 0.63 $2,594 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.325% 7.250% 0.75 $2,400 $2,183 Learn More
Neighbors Bank
NMLS ID: 491986
Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.240 %
After Intro: 7.240 %
$0 Learn More
More Info
Achieve Loans
Achieve Loans
See Table
Intro APR
10.625 %
After Intro: 10.625 %
$0 Learn More
More Info

Note to Ocean State
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Ocean State branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio


Ocean State Locations around zip code 43085




Climate Policy and Initiatives

OCEAN STATE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Ocean State Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ocean State. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Ocean State U.S. Average
10.10% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, Ocean State had $3,874,670 in non-current loans and $22,500 in owned assets. To cover these potential losses it had $38,339,742 in net worth and $246,861 in loans loss reserves. That gives it a Texas Ratio of 10.10%.

Net Worth
Ocean State U.S. Average
11.12% 13.93%

Ocean State FCU has a net worth of 11.12% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Ocean State

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