credit union

Ocnac #1

Jersey City, NJ · Est. 1949
A
Trust Grade
Excellent
Score: 98/100

Ocnac #1 is a credit union based in Jersey City, New Jersey, established in 1949, with $7 million in total assets serving 2,127 members. By Trust Grade it ranks 7th of 127 credit unions we track in New Jersey. Its net worth ratio of 12.3% trails most similarly sized credit unions (35th percentile), versus a New Jersey median of 13.9%. It was profitable over the most recent period, with a 1.48% return on assets. No consumer complaints against Ocnac #1 appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.

Total assets
$7.1M
<$100M institution
Members
2,127
Shares & deposits
—
Net worth ratio
12.3%
Bottom 35% of <$100M peers · New Jersey median 13.9%
Return on assets
1.5%
Top 16% of <$100M peers · New Jersey median 0.26%
Rank in New Jersey
#7
of 127 credit unions

How Ocnac #1 compares to New Jersey peers

Net worth ratio
Bottom 35% of <$100M peers
Ocnac #1
12.3%
New Jersey median
13.9%
Higher capital ratio = stronger financial cushion
Return on assets
Top 16% of <$100M peers
Ocnac #1
1.5%
New Jersey median
0.3%
Higher ROA = more profitable relative to asset base

How we graded Ocnac #1

The Trust Grade blends financial strength with complaint history. Full methodology →

Financial strength
98/100
Customer experience
n/a
Overall
A · 98
  • Strongly capitalized (12.3% capital ratio)
  • Strongly profitable (ROA 1.48%)
  • No CFPB complaints on record

Consumer complaints (CFPB)

No CFPB complaints are on file for Ocnac #1 over the analysis window. For a smaller institution this is common and counts in its favor.

Are deposits at Ocnac #1 insured?

Yes. Ocnac #1 is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.

Ocnac #1: frequently asked questions

Is Ocnac #1 a good credit union?

Ocnac #1 earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (12.3% capital ratio); Strongly profitable (ROA 1.48%).

Is Ocnac #1 NCUA-insured?

Yes. Ocnac #1 is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.

How big is Ocnac #1?

Ocnac #1 holds $7 million in total assets, ranking 7th of 127 credit unions we track in New Jersey. It serves 2,127 members.

Does Ocnac #1 have CFPB complaints?

No CFPB complaints against Ocnac #1 appear in our data over the analysis window, which is typical for a credit union of this size.

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Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.

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