Ocean Communities Federal Credit Union

Headquarters

Po Box 1961
Biddeford, ME 04005
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 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 / Federally Chartered
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 - November 26, 2021

Your Current Location: Virginia, VA 20146

We do not yet have rates for Ocean Communities

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Ocean Communities
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Advertiser Disclosure

Loan Rates - November 26, 2021

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
New American Funding
NMLS ID: 6606
3.108% 2.990% 0.88 $3,804 $1,053 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

Note to OCEAN COMMUNITIES
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Ocean Communities branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Ocean Communities Locations



Climate Initiatives

OCEAN COMMUNITIES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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% 3.79

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 June 30, 2021, 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% 12.22%

Ocean Communities FCU has a net worth of 7.18% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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