Ocean Financial Federal Credit Union

Headquarters

45 Atlantic Avenue
Oceanside, NY 11572
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.60% →
2-Year CD N.A. 4.90% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Ocean Financial is an NCUA insured institution located in Oceanside, NY. It was founded in 1969 and has approximately $359.01 millions in assets.

Who can join?

All Catholics are eligible to become members of Oceanside Christopher Federal Credit Union. Family members of those eligible also qualify for membership.
In addition the following entities are included in the Field of Membership. Family members of persons provided for in these groups are also eligible for membership (spouse, children, mother, father, sister, brother, grandchildren, mother-in-law, father-in-law, sister-in-law, brother-in-law, and son and daughter-in-law).
• Members of the Knights of Columbus in the State of New York
• Parishioners and employees of St. Anthony's Parish, Oceanside, N.Y.
• Parishioners and employees of Our Holy Redeemer, Freeport, N.Y.
• Parishioners and employees of St. William The Abbot, Seaford, N.Y.
• Students and employees of De La Salle School, Freeport, N.Y.
• Students and employees of Xaverian High School, Brooklyn, N.Y.
• Students and employees of Nazareth High School, Brooklyn, N.Y.
• Employees of the Catholic Medical Mission Board, New York, N.Y.
• Parishioners and employees of Our Lady of Perpetual Help, Lindenhurst, N.Y.
• Parishioners and employees of St. Christopher's Parish, Baldwin, N.Y.
• Parishioners and employees of St. Raymond's Parish, East Rockaway, N.Y.
• Parishioners and employees of St. Rose of Lima Parish, Massapequa, N.Y.
• Students and employees of Bishop Ford High School, Brooklyn, N.Y.
• Diocesan Information Systems Conference
• Students and employees of St. Francis Preparatory School, Flushing, N.Y.
• Parishioners and employees of St. Brigid's Parish, Westbury, N.Y.
• Parishioners and employees of Our Lady of Peace Parish, Lynbrook, N.Y.
• Students and employees of Long Beach Catholic Regional School, Long Beach, N.Y.
• Friends of Catholic Education Association
• Parishioners and employees of St. Joseph Church, Kings Park, N.Y.
• Parishioners and employees of St. Mary's Syro - Malabar Parish, West Hempstead, N.Y.
• Parishioners and employees of Queen of Most Holy Rosary Parish, Roosevelt, N.Y.
• Parishioners and employees of Our Lady of Lourdes Parish, Massapequa Park, N.Y.
• Parishioners and employees of St. Agnes Cathedral, Rockville Centre, N.Y.
• Parishioners and employees of St. Gerard Majella Parish, Port Jefferson Station, N.Y.
• Parishioners and employees of St. Martha Parish, Uniondale, N.Y.
• Parishioners and employees of St. Edward the Confessor, Syosset, N.Y.
• Students and employees of Christ the King Regional High School Middle Village, N.Y.
• Parishioners and employees of Sacred Heart Church North Merrick, N.Y.
• Parishioners and employees of Our Lady of Grace Parish, West Babylon, N.Y.
• Parishioners and employees of Ss. Cyril & Methodius Parish, Deer Park, N.Y.
• Parishioners and employees of Our Lady of Good Counsel, Inwood, N.Y.
• Parishioners and employees of St. Francis de Chantal, Wantagh, N.Y.
• Parishioners and employees of St. Catherine of Sienna, Franklin Square, N.Y.
• Parishioners and employees of Cure of Ars, Merrick, N.Y.
• Parishioners and employees of St. Mary of the Isle, Long Beach, N.Y.
• Parishioners and employees of Maria Regina Church, Seaford, N.Y.
• Parishioners and employees of Our Lady Queen of Peace, Staten Island, N.Y.

NCUA Insured Yes / Federally Chartered
Charter Number # # 19269
Date Established 1969
Assets $359.01 million
Loans $237.92 million
Deposits $335.98 million
Capital $33.50 million
 

Field of Membership Restrictions

Must be a Catholic or be a member of one of the several entities included in the Field of Membership. Family members of persons provided for in these groups are also eligible for membership (spouse, children, mother, father, sister, brother, grandchildren, mother-in-law, father-in-law, sister-in-law, brother-in-law, and son and daugher-in-law)

Deposit Rates - May 2, 2024

Your Current Location: Ohio, OH 43085

We do not yet have rates for Ocean Financial

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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Advertiser Disclosure

Loan Rates - May 2, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Ocean Financial

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



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

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NMLS ID: 401822
6.794% 6.625% 0.75 $5,600 $2,049 Learn More
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NMLS ID: 1025894
6.986% 6.875% 0.88 $3,625 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
MortgageResearch.com
NMLS ID: Not a Lender
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Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

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

Branches

Below are Ocean Financial 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:
Columbus,Ohio


Ocean Financial Locations



Climate Policy and Initiatives

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Financial Details

Ocean Financial Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ocean Financial. 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 Financial U.S. Average
12.69% 6.97

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 December 31, 2023, Ocean Financial had $4,094,991 in non-current loans and $333,463 in owned assets. To cover these potential losses it had $33,503,382 in net worth and $1,396,176 in loans loss reserves. That gives it a Texas Ratio of 12.69%.

Net Worth
Ocean Financial U.S. Average
9.33% 13.62%

Ocean Financial FCU has a net worth of 9.33% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Ocean Financial

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