Ocean State Credit Union is headquartered in Coventry and is the 7th largest credit union in the state of Rhode Island. It is also the 941st largest credit union in the nation. It was established in 1950 and as of March of 2025, it had grown to 51 employees and 22,544 members at 5 locations. Ocean State Credit Union has a B+ health rating.
Ocean State Credit Union (Warwick)
My husband and I recently got married and opened up an account at Ocean State Credit Union (Warwick). We cannot say enough about the warm hospitality and the genuine care the staff showed us throughout this process. I also wanted to mention that this branch is BRAND new, therefore the experience was even more pleasant and enjoyable with the cleanliness of the property. We previously tried another bank (WT), but they were only able to prevent us from opening an account together, and actually turned us away to gather more unneeded documentation, TWICE! At Ocean State Credit Union (Warwick) we were assisted by Victoria and the branch manager Michael. The duo was a joy to work with and made a very overwhelming situation feel seamless. It is very clear that the branch manager, Michael is supports of his account holders and has nothing but their best interest in mind. 5 stars for Ocean State Credit Union (Warwick), and we are looking forward to doing many years of business with you.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66595 |
| Year Chartered | 1950 |
| Employees | 51 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.28% |
| Return on Equity - YTD | 2.5% |
| Annual Interest Income | $3.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $348MM$346.3MM |
| Loans | Q1 2025vs Q1 2024 | $283.8MM$281.8MM |
| Deposits | Q1 2025vs Q1 2024 | $271.1MM$268.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $39.2MM$37.9MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $649K$556K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $2.8MM$1.8MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |