Ocean State
Ocean State is a credit union based in Coventry, Rhode Island, established in 1950, with $351 million in total assets serving 22,117 members. By Trust Grade it ranks 8th of 14 credit unions we track in Rhode Island. Its net worth ratio of 11.4% is stronger than 51% of similarly sized credit unions, versus a Rhode Island median of 11.2%. It was profitable over the most recent period, with a 0.13% return on assets. No consumer complaints against Ocean State appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Ocean State compares to Rhode Island peers
How we graded Ocean State
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (11.4% capital ratio)
- Profitable (ROA 0.13%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Ocean State over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Ocean State insured?
Yes. Ocean State 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 State: frequently asked questions
Is Ocean State a good credit union?
Ocean State earns a Bankzia Trust Grade of B (89/100, "Strong"), based on a financial-strength score of 89/100 (it has no CFPB complaints on record). Strongly capitalized (11.4% capital ratio); Profitable (ROA 0.13%).
Is Ocean State NCUA-insured?
Yes. Ocean State 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 State?
Ocean State holds $351 million in total assets, ranking 8th of 14 credit unions we track in Rhode Island. It serves 22,117 members.
Does Ocean State have CFPB complaints?
No CFPB complaints against Ocean State 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.
