OCEAN FINANCIAL Credit Union Profile

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OCEAN FINANCIAL

Charter #19269 | NCUA Region 1 | FCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (516) 620-8100

Fax: (516) 620-8080

Founding Date: N/A

Website: http://www.oceanfinancial.org

Personnel & Operations

President: Johnson, Timothy

Manager: Tedesco, Joseph

FT Employees: 35

PT Employees: 10

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 54

Branches: 3

Hours: M 9AM- 5PM Tue-Thur 9AM - 3PM Fri 9AM - 7

Credit Union Profile Summary

OCEAN FINANCIAL is a FCU Credit Union. With a total of 14,373 members [1], this institution manages approximately $383,356,021 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 8.48% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 9.66% [1].

Financial Snapshot

Total Assets [1]
$383,356,021

Total economic resources.

Total Loans [1]
$266,081,114

Total value of outstanding loans.

Total Deposits [1]
$361,136,671

Total funds deposited by members.

Members [1]
14,373

Number of active members.

Performance Ratios

Net Worth Ratio [1]
8.48%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.05%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
73.68%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 5.72%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 9.66%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -0.56%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

45 Atlantic Ave

Oceanside, NY, 11572-2035
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 2 branches reported by OCEAN FINANCIAL (Charter #19269).

Main Office

Oceanside Main Office

Type: Corporate Office

45 Atlantic Ave

Oceanside, NY 11572-2035

Phone: (516) 620-8100

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Seaford

Seaford

Type: Branch Office

4050 Merrick Rd

Seaford, NY 11783

Phone: (516) 620-8100

Services: Member Services, ATM

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