Featured Savings Rates
Featured Accounts

Ocean Communities Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.51%Reward CheckingKasasa Cash
1.01%Reward SavingsKasasa Saver
1.61%5-year CD5 Year Share Certificate Account

Overview / Commentary
207-284-5918
1 Pool St
Biddeford, ME 04005

Ocean Communities Federal Credit Union is headquartered in Biddeford and is the 16th largest credit union in the state of Maine. It is also the 1,123rd largest credit union in the nation. It was established in 1948 and as of September of 2016, it had grown to 47 employees and 12,629 members at 5 locations. Ocean Communities Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Ocean Communities Federal Credit Union is open to those who live, work, worship, or attend school in, and businesses and other entities located in York or Cumberland Counties in Maine.
See current membership details

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Reviews (2)

Ocean Communities Federal Credit Union

Posted by: Mike | Jun 19, 2010

Excellent Office/Tellers/CSRs.  The one who signed me up over a year ago, still greets me by name when I walk in.  They have honored all reward checking claims since I've been there.  Whenever I've had a concern or question, they have patiently and politely handled my concern or answered my question. 

Highly recommend them. 

Only drawback is that it is LOCAL only.  I would like to think that helps them stay on top of their Lending standards.

Merger With Northeast Credit Union Pending

Posted by: willyb | Jul 28, 2016

Northeast has a high-yield checking product, but it only pays 2% and requires 20 transactions per month, requires direct deposit, requires a $5,000 minimum balance and charges a $10 monthly fee if the requirements aren't met. I'll be looking for another credit union as soon as this merger closes.



Health
B+

Health Grade Components

Overall
NCUA #5890
Year Chartered1948
Employees47
Primary Regulator
Profit Margin
Return on Assets - YTD0.05%
Return on Equity - YTD0.72%
Annual Interest Income$4.9MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$169.1MM$158.3MM
LoansQ3 2016vs Q3 2015$128.5MM$125.4MM
DepositsQ3 2016vs Q3 2015$154.7MM$144.1MM
Equity CapitalQ3 2016vs Q3 2015$11.9MM$11.6MM
Loan Loss AllowanceQ3 2016vs Q3 2015$1.2MM$1.1MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$1.5MM$1.7MM
Real Estate OwnedQ3 2016vs Q3 2015$35.00K$334.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Ocean Communities Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ocean Communities Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*-$50kKasasa Saver
OTHER TIERS: 0.40% $50k+
0.25%--Passbook IRA
0.25%--Passbook Roth IRA
0.25%--Passbook CESA
0.10%$250-Savings (Share) Account
0.10%--Marty Moose
0.10%--Student Plus
0.10%--Club

Ocean Communities Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$250k*-Money Market Account
OTHER TIERS: 0.10% $5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k | 0.25% $100k - $250k

Ocean Communities Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.51%*-$10kKasasa Cash
OTHER TIERS: 0.40% $10k+
0.00%--Kasasa Cash Back

Ocean Communities Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$500-5 Year Share Certificate Account
1.20%$500-4 Year Share Certificate Account
1.00%$500-3 Year Share Certificate Account
0.75%$500-2 Year Share Certificate Account
0.40%$500-1 Year Share Certificate Account
0.25%$500-6 Month Share Certificate Account

Ocean Communities Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.61%$500-5 Year IRA
1.20%$500-4 Year IRA
1.00%$500-3 Year IRA
0.75%$500-2 Year IRA
0.40%$500-1 Year IRA
0.25%$500-6 Month IRA
Locations


Ocean Communities Federal Credit Union Locations
Branch Office45 Portland RdKennebunk, ME 04043
Branch Office48 Alfred RdSanford, ME 04073
Branch Office17 Westbrook CmnWestbrook, ME 04092
Branch Office1001 Portland RdSaco, ME 04072
Branch Office1 Pool StBiddeford, ME 04005