Charter 66595 · Coventry, RI
Ocean State Credit Union
Ocean State Credit Union is a state-chartered credit union in Coventry, Rhode Island, with $351 million in assets and 22,401 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 11.37%, well above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $351 million
- +3.4% in a year
- Members
- 22,401
- -0.9% in a year
- Net worth ratio
- 11.37%
- Peer median 11.65%
- Loans 60+ days late
- 1.55%
- Peer median 0.70%
- Loans outstanding
- $275 million
- -4.1% in a year
- Shares and deposits
- $284 million
- +5.2% in a year
- Branches
- 6
- 61 employees
- Opened
- 1950
- Rhode Island charter
How Ocean State Credit Union compares
NCUA groups credit unions by size; Ocean State Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 11.37% is lower than that group's median of 11.65%, and its share of loans 60 or more days past due, 1.55%, is higher than the group median of 0.70%. Loans fell 4.1% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 7 of 14 credit unions headquartered in Rhode Island. See all Rhode Island credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $351 million | 22,401 | $275 million | 11.37% | 1.55% |
| Q1 2026 | $351 million | 22,117 | $276 million | 11.37% | 1.54% |
| Q4 2025 | $342 million | 21,971 | $282 million | 11.65% | 1.21% |
| Q3 2025 | $334 million | 21,954 | $287 million | 11.86% | 0.98% |
| Q2 2025 | $339 million | 22,609 | $287 million | 11.64% | 1.08% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 200,000 potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 7 sites for Ocean State Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Operation Center (main office)
2006 Nooseneck Hill Rd, Coventry, RI 02816 - Nooseneck BRANCH
1584 Nooseneck Hill Rd, Coventry, RI 02816 - Main Street BRANCH
1076 Main St, Coventry, RI 02816 - PHENIX BRANCH
744 Main St, West Warwick, RI 02893 - NORTH KINGSTOWN BRANCH
7373 Post Rd, North Kingstown, RI 02852 - Warwick BRANCH
2247 W Shore Rd, Warwick, RI 02889 - Providence Branch
40 Westminster St, Providence, RI 02903
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology