Ocean State


2006 Nooseneck Hill Road
Coventry, RI 02816
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.03% 0.65% →
1-Year CD 0.50% 0.70% →
2-Year CD 0.55% 0.75% →
5-Year CD 1.00% 1.15% →
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 State is an NCUA insured institution located in Coventry, RI. It was founded in 1950 and has approximately $323.02 millions in assets.

Who can join?

With four branches located from Coventry to North Kingstown and boarder-less online banking, Coventry Credit Union has become a financial resource to people in the area.

NCUA Insured Yes / State-Chartered
Charter Number # # 66595
Date Established 1950
Assets $323.02 million
Loans $247.21 million
Deposits $271.31 million
Capital $31.25 million

Field of Membership Restrictions

By current federal statute, credit unions cannot serve the general public. People qualify for a credit union membership through their employer, organizational affiliations like churches or social groups, or a community-chartered credit union.

Deposit Rates - May 13, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.03% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.45% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.00% $100,000 $199,999 Learn More

Loan Rates - May 13, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for OCEAN STATE

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
First Internet Bank
NMLS ID: 424182
2.812% 2.750% 0.75 $2,008 $1,021 Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.788% 2.750% 0.50 $1,232 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
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
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR
1.990 %
After Intro: 4.700 %
Intro Period: 12 months
$0 Learn More
More Info

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



Below are Ocean State 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:

Ocean State Locations

Financial Details

Ocean State Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ocean State. 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 State U.S. Average
7.43% 5.40

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, 2020, Ocean State had $2,279,762 in non-current loans and $60,000 in owned assets. To cover these potential losses it had $31,250,526 in net worth and $249,510 in loans loss reserves. That gives it a Texas Ratio of 7.43%.

Net Worth
Ocean State U.S. Average
9.67% 12.67%

Ocean State FCU has a net worth of 9.67% versus the BestCashCow average of 12.67. 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 State

Branches and Savings

What is Ocean State?

A credit union, registered with the NCUA under certificate #66595.
Learn more about credit unions here.

Is Ocean State FDIC insured?

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

Who can join Ocean State?

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

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

Ocean State'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 State?

Ocean State has total capital of $31.25 million. Full information on Ocean State's financial position is located above.

Who owns Ocean State?

Credit Unions are owned by their members.

Where are Ocean State branches located?

See branch locations nearby.

Are Ocean State ATMs Open 24/7?

Do Ocean State ATMs accept cash deposits?

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

Does Ocean State have a mobile app?

Does Ocean State have mobile deposit?

Does Ocean State have quick pay?

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

Does Ocean State report to credit bureaus?

Does Ocean State use Chexsystems?

Does Ocean State use Equifax?

What is Ocean State's toll free phone number?

What is Ocean State's ACH Routing Number?

What is Ocean State's SWIFT code?

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

What is the Ocean State address for deposits?

What Products Does Ocean State Offer

Does Ocean State offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Ocean State offer auto and RV loans?

Compare auto loan rates here.

Does Ocean State offer student loans or personal loans?

Compare personal loan rates here.

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