Ocean State Credit Union West Warwick RI | Affordable Vehicle Loans & Business Banking

Introduction

At Ocean State Credit Union, we believe that financial wellness is more than just numbers; it's about building relationships and empowering our community. Located at 744 Main St, West Warwick, RI 02893, our Phenix Branch has been serving members since 1950, fostering a sense of trust and reliability among the 22,504 members who call us their financial home. With assets totaling an impressive $337,099,974 and total deposits reaching $12,793,688, we are committed to providing you with the best services tailored to your needs. Our dedicated team of 62 employees, led by CEO Michael Garvey and Board President Michael Airhart, works tirelessly to ensure you receive personalized support every step of the way. Whether you're looking for auto loans, personal banking solutions, or online services, we've got you covered with a range of offerings designed to make your financial journey smoother. While members can visit us at our branch location for all their banking needs, official correspondence should be sent to the same address: 744 MAIN STREET, WEST WARWICK, RI 2893. With a robust loan portfolio featuring over 3,538 loans and leases and cash in hand totaling $1,922,373, we stand ready to assist you with your financial goals. Our commitment to community development means that every decision we make prioritizes your well-being. We invite you to experience the difference that being part of Ocean State Credit Union can make in your life. For any inquiries or assistance, feel free to give us a call at 401-397-1900 or visit our website at oceanstatecu.org. Your journey toward financial empowerment starts here!

Branch History & Mission

Community Commitment

Our focus on community doesn't stop at providing financial services. We actively engage in local initiatives aimed at improving the quality of life in West Warwick and beyond. Whether it's sponsoring educational events or supporting local charities, we understand that our role goes beyond banking we're here to uplift and strengthen our community. Join us at Ocean State today! Experience the benefits of membership where you'll find personalized service, helpful resources, and a supportive environment designed just for you. Together, let's build a brighter future for our families and neighbors.

Our Mission

The mission of Ocean State is clear: to empower our members through financial education and support while fostering a sense of belonging. We strive to enhance the lives of those in our community by providing accessible financial products and services designed with their best interests in mind. We are proud to have established partnerships with local organizations that allow us to give back through community outreach programs. While members can visit us at 744 Main St West Warwick Ri 02893, official correspondence should be sent to 744 MAIN STREET, WEST WARWICK, RI 2893. Our branch is equipped with modern facilities including an ATM for easy access and drive-thru banking for your convenience. You can reach us at 401-397-1900 during our operating hours: Monday to Thursday from 9:00 AM to 4:00 PM and Friday from 9:00 AM to 7:00 PM.

Branch Location & Accessibility

Banking Services Tailored for You

When visiting our branch, you can take advantage of various services tailored to meet your needs. Enjoy personal banking options like checking and savings accounts, auto loans, mortgage refinancing, and credit cards with rewards. For quick transactions, our drive-thru service allows you to deposit or withdraw cash without leaving your vehicle perfect for those busy days! Additionally, we provide ATM access right on-site for convenient cash withdrawals and balance checks. While members can visit us at 744 Main St for in-person assistance, official correspondence should be sent to the same address.

Come Visit Us!

We invite you to stop by Ocean State's Phenix Branch today! Experience our commitment to friendly service and community-focused banking. We look forward to welcoming you soon!

Convenient Access and Features

At Ocean State, we prioritize accessibility for all members. Our branch offers ample parking with designated spots for those who need closer access. You'll find that we are fully ADA compliant, ensuring ramps and other features make your visit smooth and comfortable. We're open Monday through Thursday from 9:00 AM to 4:00 PM, and on Fridays, we extend our hours until 7:00 PM to better serve you. If you have any questions or need assistance outside these hours, don't hesitate to give us a call at 401-397-1900.

Member Eligibility

At Ocean State, we believe that becoming a member means joining a welcoming community where your financial needs are prioritized. If you live, work, worship, or attend school in the areas served by our credit union, you're likely eligible to join! We strive to keep things simple and inclusive because we understand that everyone's journey is unique. You can enjoy the benefits of membership which includes personalized service, competitive rates, and a variety of products tailored just for you. For detailed eligibility criteria, feel free to check out our resource at https://www.oceanstatecu.org/resources/about-ocean-state-credit-union/how-to-become-a-member-of-ocean-state-credit-union. Ready to take the next step? Opening an account with us is a breeze! You can find all the information you need about starting your membership journey at https://www.oceanstatecu.org/services/oscu-scholarship/. If you have any questions or need assistance, don't hesitate to reach out to us at (401) 397-1900. We're here to help you every step of the way!

Business Banking & Commercial Services

Merchant Services That Make a Difference

In addition to loans, we offer merchant services designed to simplify your daily operations. Imagine processing payments quickly and efficiently, ensuring you have more time to focus on what matters growing your business. Our services are here to streamline your transactions and enhance customer satisfaction. Visit us at 744 Main St West Warwick Ri 02893 in West Warwick, RI, or call us at (401) 397-1900 to learn how we can partner with you on your business journey. Together, let's build the future you envision!

Tailored Business Loan Options

Imagine a local café owner who dreams of adding a cozy outdoor seating area. With our support, they secured a loan to make this vision come alive. Our commercial loan options provide the funding necessary for entrepreneurs to grow and thrive. Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking Support

For entrepreneurs, we offer specialized services under our business banking umbrella. From merchant services to help your business accept payments smoothly, to tailored business loans that support growth and operations, Ocean State is committed to helping local businesses thrive.

Convenient Online & Mobile Banking

In today's fast-paced world, convenience is key. Our robust online and mobile banking platforms allow you to manage your accounts anytime, anywhere. With features such as ATM access for withdrawals and balance checks, along with person-to-person payment options, staying on top of your finances has never been easier.

Drive-Thru & ATM Services

Need quick access? Our basic drive-thru banking makes it simple to complete deposits, withdrawals, and other straightforward transactions without leaving your car. Plus, our ATM is available for cash withdrawals at your convenience. At Ocean State, we prioritize ease of access and overall convenience in all our offerings. Whether you are visiting us in person or using our online services, we strive to provide an engaging experience that meets your financial needs. If you're ready to explore how we can assist you further or if you have any questions about our services, don't hesitate to reach out! Call us at 401-397-1900 or visit us in person at our West Warwick branch today! Your financial journey starts here with Ocean State!

Personal Banking Solutions

We understand that managing personal finances can be challenging. That's why we offer various checking and savings accounts designed to help you manage your money effectively. With our auto loans and vehicle financing, getting behind the wheel of your dream car is more accessible than ever. You can also take advantage of our mortgage loans and refinancing options perfect for those looking to buy a new home or reduce their current mortgage payments. For those times when unexpected expenses arise, our personal loans and debt consolidation services can provide relief. Plus, with our credit cards offering rewards, you can earn benefits while making purchases you need.

Digital & Online Banking

Key Services

With our user-friendly online platform available at https://www.oceanstatecu.org/, you can check balances, transfer funds, and pay bills with just a few clicks. For those who prefer managing their finances on the go, our mobile application provides all the functionality you need right at your fingertips. Plus, with mobile payments enabled, you can make quick purchases without needing to carry cash or cards.

Real-Time Management

Need to send money to a friend? Our person-to-person transfer feature makes it simple to send funds quickly and efficiently. Whether you're splitting a bill or sending a gift, it's all handled in real time no waiting around. Experience the ease of modern banking with Ocean State. We're here to support you every step of the way on your financial journey!

Security and Convenience

Your security is our priority. While we currently do not offer electronic signature authorization, rest assured that our systems are designed with robust security measures to protect your information. You can also opt for e-statements to reduce paper clutter and access your statements securely online whenever you need them.

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 proud to share that our financial health stands strong, reassuring you of our commitment to safeguarding your assets and meeting your needs. With a net worth of $38,593,810, we maintain robust 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 and committed team. Net Shares (Funds available for lending and investments): $1,064,487. Total Share Accounts: 39,304, showing a strong and growing member base that trusts us with their finances. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results. 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 744 Main St West Warwick RI 02893 or call 401-397-1900 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $336,633 in used vehicle loans and $145,736 in new vehicle loans already helping members get on the road. Whether you're interested in financing a brand-new model or a reliable used vehicle, our team is here to guide you through the process and find a plan that works for you.

Mortgage Options

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $23,652,571, make buying or refinancing simple. We are committed to providing you with competitive rates and flexible terms that fit your budget. Whether you're a first-time homebuyer or looking to refinance an existing mortgage, our knowledgeable staff can assist you every step of the way.

Personal Financing

We also offer flexible terms on unsecured credit card loans, with a total of $336,936 in loans helping members manage their finances effectively. These cards provide an easy way to cover everyday expenses while building your credit score. Plus, our credit lines total $118,135,655, offering additional financial flexibility when needed.

Refinancing Options

If you're considering refinancing any existing loans or mortgages, let us know! We have tailored options available that could lower your payments and save you money over time. Our goal is to ensure you have access to the best possible financial solutions. For more information about our loan offerings or to discuss your eligibility options, feel free to reach out at 401-397-1900 or visit us at 744 Main St West Warwick RI 02893. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Your journey towards better financial health starts here at Ocean State!

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OCEAN STATE CREDIT UNION - West Warwick, RI

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