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Ocean Financial Federal Credit Union


Overview / Commentary
www.oceanfinancial.org
516-620-8100
45 Atlantic Ave
Oceanside, NY 11572

Ocean Financial Federal Credit Union is headquartered in Oceanside and is the 42nd largest credit union in the state of New York. It is also the 847th largest credit union in the nation. It was established in 1969 and as of March of 2021, it had grown to 36 employees and 14,586 members at 2 locations. Ocean Financial Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

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

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Health
B+

Data as of Q1 2021

Learn why bank health matters

Health Grade Components

Overall
NCUA #19269
Year Chartered1969
Employees36
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD6.7%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$365.7MM$328.8MM
LoansQ1 2021vs Q1 2020$203.8MM$196.8MM
DepositsQ1 2021vs Q1 2020$338.0MM$301.6MM
Equity CapitalQ1 2021vs Q1 2020$26.7MM$26.3MM
Loan Loss AllowanceQ1 2021vs Q1 2020$1.5MM$1.4MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$1.6MM$2.5MM
Real Estate OwnedQ1 2021vs Q1 2020$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Ocean Financial 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 Financial Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$1k-Youth Savings
0.40%*$300k*-Super Saver Account
OTHER TIERS: 0.20% → $100 - $25k | 0.30% → $25k - $100k | 0.35% → $100k - $300k
0.25%--IRA Savings Account
0.10%--Regular Savings Account
0.10%--Escrow Account
0.10%--Christmas Club
0.10%--Vacation Club Account

Ocean Financial Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$1k-5 Year Share Certificate
0.85%$100-Youth 5 Year Share Certificate
0.70%$1k-4 Year Share Certificate
0.70%$100-Youth 4 Year Share Certificate
0.60%$1k-3 Year Share Certificate
0.60%$100-Youth 3 Year Share Certificate
0.50%$1k-2 Year Share Certificate
0.50%$100-Youth 2 Year Share Certificate
0.45%$1k-1 Year Share Certificate
0.45%$100-Youth 1 Year Share Certificate
0.40%$1k-6 Month Share Certificate
0.40%$100-Youth 6 Month Share Certificate

Ocean Financial Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$1k-5 Year IRA Certificate
0.70%$1k-4 Year IRA Certificate
0.60%$1k-3 Year IRA Certificate
0.50%$1k-2 Year IRA Certificate
0.45%$1k-1 Year IRA Certificate
0.40%$1k-6 Month IRA Certificate
Locations


Ocean Financial Federal Credit Union Locations
Branch Office45 Atlantic AveOceanside, NY 11572-2035
Branch Office4050 Merrick RdSeaford, NY 11783

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