Ocean Financial
Ocean Financial is a credit union based in Oceanside, New York, established in 1969, with $402 million in total assets serving 14,135 members. By Trust Grade it ranks 239th of 267 credit unions we track in New York. Its net worth ratio of 8.2% trails most similarly sized credit unions (5th percentile), versus a New York median of 12%. It was profitable over the most recent period, with a 0.22% return on assets. No consumer complaints against Ocean Financial appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Ocean Financial compares to New York peers
How we graded Ocean Financial
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (8.2% capital ratio)
- Profitable (ROA 0.22%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Ocean Financial over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Ocean Financial insured?
Yes. Ocean Financial 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.
Ocean Financial: frequently asked questions
Is Ocean Financial a good credit union?
Ocean Financial earns a Bankzia Trust Grade of C (78/100, "Average"), based on a financial-strength score of 78/100 (it has no CFPB complaints on record). Well-capitalized (8.2% capital ratio); Profitable (ROA 0.22%).
Is Ocean Financial NCUA-insured?
Yes. Ocean Financial 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 Ocean Financial?
Ocean Financial holds $402 million in total assets, ranking 239th of 267 credit unions we track in New York. It serves 14,135 members.
Does Ocean Financial have CFPB complaints?
No CFPB complaints against Ocean Financial appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
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.
