Advertising Disclosure
  1. Banks
  2. Ocean State Credit Union

Ocean State Credit Union


Overview / Commentary
www.oceanstatecu.org
401-397-1900
2006 Nooseneck Hill Road
Coventry, RI 02816

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 949th largest credit union in the nation. It was established in 1950 and as of September of 2024, it had grown to 54 employees and 22,504 members at 5 locations. Ocean State Credit Union's CD rates are 5X the national average, and it has a B+ health rating.

Related Posts

View all posts from:


Reviews (1)

Ocean State Credit Union (Warwick)

Posted by: |

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.

1


Health
B+

Data as of Q3 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #66595
Year Chartered1950
Employees54
Primary Regulator
Profit Margin
Return on Assets - YTD0.27%
Return on Equity - YTD2.43%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$337.1MM$342.9MM
LoansQ3 2024vs Q3 2023$286.6MM$287.9MM
DepositsQ3 2024vs Q3 2023$261.9MM$265.3MM
Equity CapitalQ3 2024vs Q3 2023$38.6MM$37.7MM
Loan Loss AllowanceQ3 2024vs Q3 2023$561K$599K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$2.6MM$1.1MM
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Ocean State 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 State Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$10-Share Account
0.03%$5-Deposit Account
0.03%$5-Statement Savings Account
0.03%$0-Mortgage Escrow
0.03%$5-Traditional IRA Share Account
0.03%$5-Roth IRA Share Account
0.03%$5-Education IRA Share Account

Ocean State Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*$75k*-Money Market Account
OTHER TIERS: 1.50% → $2.5k - $25k | 1.70% → $25k - $50k | 1.90% → $50k - $75k
2.00%*$200k*-Buiness Money Market Account
OTHER TIERS: 1.50% → $2.5k - $25k | 1.70% → $25k - $50k | 1.90% → $50k - $200k

Ocean State Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$1k-7 Month CD Special
4.35%$1k-1 Year CD
4.10%$1k-18 Month CD
4.00%$1k-2 Year CD
3.55%$1k-3 Year CD
3.50%$5k-4 Year CD
3.50%$5k-5 Year CD

Ocean State Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.35%$500-1 Year IRA
4.10%$500-18 Month IRA
4.00%$500-2 Years IRA
3.50%$500-3 Years IRA
3.50%$500-5 Year IRA
Locations


Ocean State Credit Union Locations
Branch Office1076 MAIN STCOVENTRY, RI 02816
Branch Office7373 POST RdNORTH KINGSTOWN, RI 02852
Branch Office744 MAIN STWEST WARWICK, RI 02893
Branch Office1584 Nooseneck Hill RdCoventry, RI 02816
Branch Office2247 W Shore RdWarwick, RI 02889-8440

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.