Ocean State Credit Union
Headquarters
2006 Nooseneck Hill Road
Coventry, RI 02816
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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 2, 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 |
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|
|
Money Market
|
0.20% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.45% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 12 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.75% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
Loan Rates - November 2, 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 |
|---|---|---|---|---|---|---|
NMLS ID: 2262032 License#: RM.804810.000 |
6.391% | 6.250% | 1.00 | $4,800 | $1,971 | Learn More |
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 1025894 |
6.987% | 6.875% | 0.88 | $3,654 | $2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Ocean State
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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
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 615.57 | A | View Lobby Hours | |
| 615.96 | B | View Lobby Hours | |
| 617.80 | C | View Lobby Hours | |
| 619.77 | D | View Lobby Hours | |
| 622.15 | E | View Lobby Hours |
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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