Charter 7608 · Oxnard, CA
OceanAir Federal Credit Union
OceanAir Federal Credit Union is a federally chartered credit union in Oxnard, California, with $882 million in assets and 26,847 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 7.44%, above the 7% that NCUA's rules treat as well capitalized.
Also does business as CBC Federal Credit Union.
- Total assets
- $882 million
- +1.4% in a year
- Members
- 26,847
- -3.3% in a year
- Net worth ratio
- 7.44%
- Peer median 10.79%
- Loans 60+ days late
- 0.48%
- Peer median 0.67%
- Loans outstanding
- $756 million
- +7.9% in a year
- Shares and deposits
- $693 million
- +0.7% in a year
- Branches
- 5
- 134 employees
- Opened
- 1952
- Federal charter
How OceanAir Federal Credit Union compares
NCUA groups credit unions by size; OceanAir Federal Credit Union is in the group with $500 million and up (759 credit unions). Its net worth ratio of 7.44% is lower than that group's median of 10.79%, and its share of loans 60 or more days past due, 0.48%, is lower than the group median of 0.67%. Loans grew 7.9% over the year to Q2 2026, against a group median of 5.3% growth.
By assets it ranks 73 of 239 credit unions headquartered in California. See all California credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $882 million | 26,847 | $756 million | 7.44% | 0.48% |
| Q1 2026 | $871 million | 27,253 | $744 million | 7.51% | 0.29% |
| Q4 2025 | $867 million | 27,330 | $739 million | 7.50% | 0.35% |
| Q3 2025 | $863 million | 27,746 | $728 million | 7.59% | 0.37% |
| Q2 2025 | $870 million | 27,772 | $701 million | 7.58% | 0.72% |
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 5.1 million potential members. It holds NCUA's low-income designation, which lets it accept non-member deposits and raise secondary capital.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 5 sites for OceanAir Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Camarillo Branch
300 Arneill Rd, Camarillo, CA 93010 - Oceanair Federal Credit Union (main office)
2151 E Gonzales Rd, Oxnard, CA 93036 - Ventura Branch
3636 Dean Dr, Ventura, CA 93003 - Simi Valley
1377 E Los Angeles Ave, Simi Valley, CA 93065 - Valley Strong Credit Union
1002 W Tehachapi Blvd, Tehachapi, CA 93561
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