PO BOX 1961
Biddeford, ME 04005
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Ocean Communities is an NCUA insured institution located in Biddeford, ME. It was founded in 1948 and has approximately $168.15 millions in assets.

NCUA Insured Yes
Charter Number # # 5890
Date Established 1948
Assets $168.15 million
Loans $120.80 million
Deposits $155.42 million
Capital $12.09 million

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.

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

We do not yet have rates for Ocean Communities

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Advertiser Disclosure

Loan Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for OCEAN COMMUNITIES

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
NMLS ID: 2890
License#: MC-3098
2.575% 2.500% 1.00 $2,470 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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Financial Details

Ocean Communities Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ocean Communities. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Ocean Communities U.S. Average
10.55% 6.71

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 30, 2020, Ocean Communities had $1,385,849 in non-current loans and $5,028 in owned assets. To cover these potential losses it had $12,087,905 in net worth and $1,098,622 in loans loss reserves. That gives it a Texas Ratio of 10.55%.

Net Worth
Ocean Communities U.S. Average
7.18% 13.61%

Ocean Communities FCU has a net worth of 7.18% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Ocean Communities

Branches and Savings

What is Ocean Communities?

A federal credit union, registered with the NCUA under certificate #5890.
Learn more about credit unions here.

Is Ocean Communities FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Ocean Communities?

Please see Field of Membership information above for information on who is eligible to join.

What are Ocean Communities's share account and share certificate rates?

Ocean Communities's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Ocean Communities?

Ocean Communities has total capital of $12.09 million. Full information on Ocean Communities's financial position is located above.

Who owns Ocean Communities?

Credit Unions are owned by their members.

Where are Ocean Communities branches located?

See branch locations nearby.

Are Ocean Communities ATMs Open 24/7?

Do Ocean Communities ATMs accept cash deposits?

Can Ocean Communities customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Ocean Communities have a mobile app?

Does Ocean Communities have mobile deposit?

Does Ocean Communities have quick pay?

How can Ocean Communities transfer money to other banks or credit unions?

Does Ocean Communities report to credit bureaus?

Does Ocean Communities use Chexsystems?

Does Ocean Communities use Equifax?

What is Ocean Communities's toll free phone number?

What is Ocean Communities's ACH Routing Number?

What is Ocean Communities's SWIFT code?

Where can I find Ocean Communities's wire transfer form?

What is the Ocean Communities address for deposits?

What Products Does Ocean Communities Offer

Does Ocean Communities offer mortgages?

Compare mortgage rates here.

Does Ocean Communities offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ocean Communities offer auto and RV loans?

Compare auto loan rates here.

Does Ocean Communities offer student loans or personal loans?

Compare personal loan rates here.

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