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Overview / Commentary
45 Atlantic Ave
Oceanside, NY 11572-2035

Oceanside Christopher Credit Union is headquartered in Oceanside and is the 37th largest credit union in the state of New York. It is also the 721st largest credit union in the nation. It was established in 1969 and as of March of 2014, it had grown to 27 employees and 12,819 members. Oceanside Christopher Credit Union's savings rates are 8X the national average, and it has a B health rating.

Field of Membership Restrictions

Must be a Catholic or be a member of one of the several entities included in the Field of Membership. Family members of persons provided for in these groups are also eligible for membership (spouse, children, mother, father, sister, brother, grandchildren, mother-in-law, father-in-law, sister-in-law, brother-in-law, and son and daugher-in-law) - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Oceanside Christopher Credit Union had $2.5 million in non-current loans and owned real-estate with $22.17 million in equity and loan loss allowances on hand to cover it. This gives Oceanside Christopher Credit Union a Texas Ratio of 11.27% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Oceanside Christopher Credit Union decreased slightly from 14.36% as of March 31, 2013 to 11.27% as of March 31, 2014, resulting in a positive change of 21.55%.This indicates that the balance sheet and financial strength for Oceanside Christopher Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Oceanside Christopher Credit Union has increased its total deposits by $973,000, resulting in 0.37% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Oceanside Christopher Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Oceanside Christopher Credit Union has $286.62 million in assets with $22.17 million in equity, resulting in a capitalization level of 7.73%, which is below average.

Institution Statistics

NCUA #19269
Year Chartered1969
Primary Regulator
Assets and Liabilities
Assets$286.62 million
Loans$155.18 million
Deposits$264.71 million
Equity Capital$21.12 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$2.50 million
Real Estate Owned$0
Historic Data - March 2013
Assets$284.82 million
Equity Capital$20.30 million
Loan Loss Allowance$904,000
Unbacked Noncurrent Loans$2.50 million
Real Estate Owned$971,000
Profit Margin - Quarterly
Return on Assets0.72%
Return on Equity9.83%
Interest Income$2.05 million
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Oceanside Christopher Credit Union Savings Account Rates

4.00%-$1kYouth Savings
0.60%$50k-Super Saver Account
0.35%--IRA Savings Account
0.35%--Roth IRA Savings Account
0.30%--Regular Savings Account
0.30%--Christmas Club
0.30%--Vacation Club Account
0.10%--Escrow Account

Oceanside Christopher Credit Union Checking Account Rates

0.10%--Checking Account

Oceanside Christopher Credit Union CD Rates

1.71%$1k-5 Year Share Certificate
1.50%$1k-4 Year Share Certificate
1.33%$1k-3 Year Share Certificate
1.11%$1k-2 Year Share Certificate
0.60%$1k-1 Year Share Certificate
0.45%$1k-6 Month Share Certificate

Oceanside Christopher Credit Union IRA Rates

1.71%$1k-5 Year IRA Certificate
1.50%$1k-4 Year IRA Certificate
1.33%$1k-3 Year IRA Certificate
1.11%$1k-2 Year IRA Certificate
0.60%$1k-1 Year IRA Certificate
0.45%$1k-6 Month IRA Certificate

Oceanside Christopher Credit Union Locations
Branch Office45 Atlantic AveOceanside, NY 11572-2035
Branch Office4050 Merrick RdSeaford, NY 11783