Ocean Financial Federal Credit Union is headquartered in Oceanside and is the 41st largest credit union in the state of New York. It is also the 848th largest credit union in the nation. It was established in 1969 and as of March of 2022, it had grown to 38 employees and 14,588 members at 2 locations. Ocean Financial Federal Credit Union's CD rates are 39% higher than the national average, and it has a B+ health rating.
Membership to Ocean Financial Federal Credit Union is open to all Catholics, members of any of several affiliated Catholic groups located in New York, and family members of those eligible.
See current membership details
Overall | |
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NCUA # | 19269 |
Year Chartered | 1969 |
Employees | 38 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.74% |
Return on Equity - YTD | 12.16% |
Annual Interest Income | $2.4MM |
Assets and Liabilities | ||
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Assets | Q1 2022vs Q1 2021 | $386.9MM$365.7MM |
Loans | Q1 2022vs Q1 2021 | $209.5MM$203.8MM |
Deposits | Q1 2022vs Q1 2021 | $361.8MM$338.0MM |
Equity Capital | Q1 2022vs Q1 2021 | $23.5MM$26.7MM |
Loan Loss Allowance | Q1 2022vs Q1 2021 | $1.5MM$1.5MM |
Unbacked Noncurrent Loans | Q1 2022vs Q1 2021 | $1.3MM$1.6MM |
Real Estate Owned | Q1 2022vs Q1 2021 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Ocean Financial Federal Credit Union Locations | ||
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Branch Office | 45 Atlantic Ave | Oceanside, NY 11572-2035 |
Branch Office | 4050 Merrick Rd | Seaford, NY 11783 |