State credit union · COVENTRY, Rhode Island · NCUA charter #66595
Ocean State
Health score 74/100 (Very Good) - from the NCUA 5300 Call Report, 2025Q4.
- 74
- Health / 100
- $341.8M
- Total assets
- 21,971
- Members
- 10.2%
- Net-worth ratio
Ocean State - Share Insurance Coverage
Read from the 2025Q4 NCUA Call Report for charter #66595: composite supervisory bracket and risk-based capital. Full deposit-insurance coverage details in our disclaimer.
Ocean State - Five Health Pillars
The five bars below are this credit union's pillar-level 0-100 sub-scores. Sum the weighted pillars and you get the headline health score above - same NCUA 5300 data, no normalisation tricks applied.
- Capital (net worth ratio)100
- Asset quality (delinquency)74
- Earnings (ROA)80
- Member growth31
- Liquidity (loan-to-share)63
Weighted composite: 74/100 - each bar is the 0–100 sub-score; the composite weights them 30/25/15/15/15.
10.16% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).
Financial Health Metrics
| Metric | Value | Weight |
|---|---|---|
| Net Worth Ratio | 10.16% | 30% |
| Delinquency Rate | 1.21% | 25% |
| Return on Assets | 0.30% | 15% |
| Member Growth | -2.46% | 15% |
| Loan-to-Share Ratio | 102.65% | 15% |
Health score = weighted composite of above metrics. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $100M–$500M (1069 CUs).
Historical Financials
| Quarter | Assets | Members |
|---|---|---|
| 2025Q4 | $341.8M | 21,971 |
| 2024Q4 | $343.9M | 22,524 |
| 2023Q4 | $339.3M | 22,772 |
Credit Union Details
- Charter Number
- 66595
- Type
- State
- Field of Membership
- Other
- Peer Group
- $100M–$500M
- State
- Rhode Island
- City
- COVENTRY
- Data Quarter
- 2025Q4
What This Data Says About Ocean State
Ocean State is a state credit union headquartered in COVENTRY, Rhode Island, serving 21,971 members with $341.8M in total assets and $282.3M in outstanding loans as of Q4 2025. Based on its five-factor composite, the institution earns a health score of 74/100 (Very Good), anchored by a net worth ratio of 10.16% - above the 7.0% NCUA "well capitalized" threshold under Prompt Corrective Action rules. Charter #66595 operates under peer group $100M–$500M, a cohort of 1069 similarly-sized institutions.
Loan book quality rounds out the picture. The delinquency rate of 1.21% measures loans 60+ days past due against total loans outstanding - the peer group average for $100M–$500M credit unions sits at 0.894%, so this institution is running looser than peers. The loan-to-share ratio of 102.65% indicates how aggressively member deposits are being deployed into lending, above the 80% band that can indicate tighter liquidity management. Return on assets stands at 0.30% on net income of $1.0M for the period; a not-for-profit cooperative typically runs a modest positive ROA, returning surplus to members through better rates and lower fees rather than to shareholders.
Year-over-year membership changed by -2.46%. The quarterly NCUA 5300 Call Report is the source for everything above, current through 2025Q4. Field of membership (currently: Other) decides eligibility to join. NCUSIF deposit-insurance coverage and usage guidance for this data live on our disclaimer page.
Nearby Credit Unions in Rhode Island
A look at other Rhode Island credit unions, ranked by how closely their peer group and asset size match this one.
Sources & disclaimer
Source: NCUA 5300 Call Report, Q4 2025. Source: NCUA Share Insurance Fund (NCUSIF), federal deposit insurance up to $250,000. Not affiliated with NCUA. For informational purposes only.
Frequently Asked Questions
Is Ocean State financially healthy?
Ocean State has a financial health score of 74/100 (Very Good) based on NCUA 5300 Call Report data as of Q4 2025. Scores above 80 indicate excellent financial health; scores below 50 may warrant closer monitoring. Key factors include net worth ratio of 10.16% and delinquency rate of 1.21%.
How does Ocean State compare to other credit unions?
Five weighted metrics from NCUA filings produce Ocean State's 74/100 score on PlainCU's health composite, compared to a peer group average for $100M–$500M credit unions: net worth ratio (30%), delinquency rate (25%), return on assets (15%), member growth (15%), loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join Ocean State?
Membership eligibility for Ocean State depends on its field of membership - currently: Other. Credit unions typically require a common bond such as employer, location, or association membership. Contact Ocean State directly for current membership requirements and application steps.
Is my money safe at Ocean State?
Federal credit unions like Ocean State are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Ocean State's net worth ratio of 10.16% exceeds the 7% threshold NCUA considers "well capitalized."
What rates does Ocean State offer compared to banks?
Credit unions like Ocean State are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact Ocean State directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.