OCEAN STATE CREDIT UNION

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!

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!

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.