OCEAN STATE Credit Union Profile

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OCEAN STATE

Charter #66595 | NCUA Region 1 | FISCU

Low-Income Designation: No

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (401) 397-1900

Fax: (401) 397-1912

Founding Date: N/A

Website: http://www.oceanstatecu.org

Personnel & Operations

President: AIRHART, MICHAEL

Manager: Garvey, Michael

FT Employees: 52

PT Employees: 8

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 5

Hours: 8:00 TO 5:00 M-F

Credit Union Profile Summary

OCEAN STATE is a FISCU Credit Union. With a total of 22,609 members ^[1], this institution manages approximately $339,125,813 in total assets ^[1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 11.64% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 1.66% ^[1].

Financial Snapshot

Total Assets ^[1]

$339,125,813

Total economic resources.

Total Loans ^[1]

$286,842,233

Total value of outstanding loans.

Total Deposits ^[1]

$269,705,933

Total funds deposited by members.

Members ^[1]

22,609

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

11.64%

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]

0.34%

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

Loan-to-Share Ratio ^[1]

106.35%

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

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↓ -1.56%

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

Loan Growth (4Q) ^[1]

↑ 1.66%

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

Member Growth (4Q) ^[1]

↓ -1.49%

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

Headquarters Location & Map

Headquarters Address

2006 NOOSENECK HILL RD

COVENTRY, RI, 02816

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

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