Branch History & Mission
At Ocean State, we take pride in our rich legacy and commitment to serving our community. Established in 1950, our North Kingstown Branch has been a cornerstone for financial support and personal growth in North Kingstown, RI. Located at 7373 Post Rd, just a stone's throw from local landmarks, our branch has evolved significantly over the decades, growing alongside the community it serves. Since our inception, Ocean State has dedicated itself to empowering individuals and families through accessible financial services. Today, we proudly serve over 22,500 members and manage total assets of approximately $337 million. Our mission is clear: to provide exceptional financial services while fostering a sense of community and belonging among our members. We believe that everyone deserves a chance to achieve their financial goals, and we're here to make that happen. While members can visit us at 7373 Post Rd, official correspondence should be sent to the same address. Our branch is equipped with modern facilities including an ATM for convenient cash access and drive-thru banking for quick transactions. We operate Monday through Friday from 9:00 AM to 4:00 PM, with extended hours on Fridays until 7:00 PM. Ocean State is not just about banking; it's about building relationships. We actively engage with our community through various outreach programs and partnerships that reflect our dedication to social responsibility. Whether it's offering scholarships or supporting local events, we strive to make a positive impact beyond just providing loans and accounts. As we embrace digital advancements like online banking and mobile payments, we remain committed to ensuring accessibility for all members. Our facilities are ADA compliant, ensuring everyone can take advantage of our services comfortably. We invite you to join us at Ocean State Credit Union! Experience personalized service tailored to your needs and become part of a community-focused organization dedicated to your financial well-being. Together, let's achieve your dreams stop by or give us a call at 401-397-1900 today!
Financial Strength
At Ocean State, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to maintaining robust financial health to serve you better. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $38,593,810, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 11.45% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $61,445,899 in share certificates and $34,689,171 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $32,789,179 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $39 in used auto loans and a total of $286,568,466 in loans and leases. Our operational efficiency is reflected in our net income of $702,061, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 54 full-time employees and 8 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Total Share and Deposit Accounts stand at 39,304, showcasing a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments amount to $1,064,487, further demonstrating our commitment to supporting your financial journey. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Ocean State is your trusted partner. Visit us at 7373 Post Rd North Kingstown Ri 02852 or call 401-397-1900 to learn more about how we can help you achieve your financial goals.
