Credit union · NCUA insured
Ocean State Credit Union
Top CarrotA $351.3M credit union headquartered in Coventry, RI, with 22,117 members and 6 branches in Rhode Island. Best rates: CDs 3.50% and savings 1.50% APY.
Ocean State Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 87% of U.S. banks and credit unions
#2 of 44 in Providence, RI-MA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Ocean State Credit Union
Founded in 1950, Ocean State Credit Union is a statewide credit union operating five branches from Coventry to North Kingstown.
- Headquarters
- 2006 Nooseneck Hill Rd, Coventry, RI 02816
- NCUA charter
- 66595
Branches
6 branches in Rhode Island
Loading map…
Rhode Island
6 branches
- Main Street BRANCH1076 Main St, Coventry, RI 02816Directions
- Nooseneck BRANCH1584 Nooseneck Hill Rd, Coventry, RI 02816Directions
- North Kingstown Branch7373 POST Rd, North Kingstown, RI 02852Directions
- Providence Branch40 Westminster St, Providence, RI 02903Directions
- Warwick BRANCH2247 W Shore Rd, Warwick, RI 02889Directions
- Phenix Branch744 Main St, West Warwick, RI 02893Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 11.37% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.55% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.04% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $97 | $76 | — |
- CapitalNet worth ratio11.37%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.55%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.04%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$97Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Ocean State Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.