State credit union · COVENTRY, Rhode Island · NCUA charter #66595
Ocean State
Health score 74/100, grade B (Very Good) - from the NCUA 5300 Call Report, 2025Q4.
- 74
- Health / 100
- $341.8M
- Total assets
- 21,971
- Members
- 11.4%
- Net-worth ratio
Ocean State scores 74/100 on PlainCU's health composite from NCUA 5300 Call Report data (2025Q4). Assets $341.8M; members 21,971; net-worth ratio 11.37%; health rank #3,345 of 4,374; healthier than 23rd of scored peers.
NCUA Call Report stamp band
NCUA 5300 Call Report Masthead
#3,345 of 4,374 health · 2025Q4Ocean State · health 74/100 · $341.8M · 2025Q4
- MEM 74/100
- RANK 11.4%
- PHOTO 1.21%
- BOOK 0.30%
- CHARTER $341.8M
- NCUSIF 21,971
- CAMELS #3,345/4,374
- HEALTH Class Act
- NW 66595
Call Report peers
Ocean State in the assets neighbourhood
Ocean State's $341.8M assets sit next to Class Act ($341.6M) on the assets neighbourhood; peer NAMES stay, and the masthead VALUES are this credit union's Call Report.
Subscribe to this credit union's financial changes (RSS) — one item per NCUA 5300 call report, no account required.
Ocean State vs every NCUA-scored credit union
Where this credit union's health score sits among every federally insured CU with a scored NCUA 5300 filing
74 23rd percentile higher than 23% of 4,374 credit unions
every scored credit union, bucketed by value
Each bar is a band; taller bars hold more credit unions. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source NCUA 5300 Call Report aggregates · 2025Q4
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 vs $100M–$500M peers
- Loan-to-Share Ratio leads the peer set - 102.65% here, 72.20% peer average (+30.45 pp).
- Net Worth Ratio trails the peer set - 11.37% here, 12.11% peer average (-0.74 pp).
Peer averages are NCUA 5300 means for the $100M–$500M cohort (1069 CUs), 2025Q4 vintage - registry deltas only, not a join recommendation.
Ocean State: in-state Call Report ranks
- Health composite ranks #14 of 14 among scored Rhode Island credit unions.
- By total assets, Ocean State is #7 of 14 in Rhode Island.
- Membership ranks #6 of 14 among Rhode Island CUs with a reported count (21,971 members).
In-state ordinals use the live credit_unions table for RI only - ROW_NUMBER sorts match /rankings healthiest and largest, scoped to the state.
Quarter path for Ocean State
Ocean State: total assets by quarter
4 Call Report filings on this page's own vintage chain
- Assets moved +2.8% from $341.8M (2025Q4) to $351.3M (2026Q1).
- Net-worth ratio shifted -0.28 pp (11.65% → 11.37%).
Trajectory uses quarterly_financials rows already on this page - same NCUA 5300 vintage chain, not a forecast.
11.37% net worth puts this credit union above the NCUA's 7.0% well-capitalized bar (Prompt Corrective Action rules).
How the 74/100 score is built
Each segment is a pillar's weighted contribution to the composite; widths sum to 74.
- Net Worth Ratio 30.0 pts
- Delinquency Rate 18.4 pts
- Return on Assets 12.0 pts
- Member Growth 4.6 pts
- Loan-to-Share Ratio 9.0 pts
Financial Health Metrics
| Metric | Value | vs peer |
|---|---|---|
| Net Worth Ratio | 11.37% | -0.74 pp |
| Delinquency Rate | 1.21% | +0.32 pp |
| Return on Assets | 0.30% | -0.32 pp |
| Member Growth | -2.46% | - |
| Loan-to-Share Ratio | 102.65% | +30.45 pp |
Health score = weighted composite of the five NCUA ratios above. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $100M–$500M (1069 CUs).
Ocean State filing history
| Quarter | Assets | Members |
|---|---|---|
| 2026Q1 | $351.3M | - |
| 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
Branch Locations (7)
Ocean State operates 7 offices across 6 cities, per its most recent NCUA branch filing.
| Office | City |
|---|---|
| Operation Center (Main Office) | Coventry, RI |
| Nooseneck BRANCH | Coventry, RI |
| Main Street BRANCH | COVENTRY, RI |
| NORTH KINGSTOWN BRANCH | NORTH KINGSTOWN, RI |
| Providence Branch | Providence, RI |
| Warwick BRANCH | Warwick, RI |
| PHENIX BRANCH | WEST WARWICK, RI |
Source: NCUA Credit Union Branch Information, 2025Q4 filing.
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.
Ocean State nationwide neighbourhoods
Cross-state asset and health neighbours for Ocean State - kept outside Rhode Island; in-state CUs stay in the Nearby block.
Similar total assets
Nearest other-state credit unions with ≥$10M assets ($341.8M here).
Similar health score
Nearest other-state credit unions by five-factor health composite (74/100 here).
Using this data
- Ocean State ranks #3,345 of 4,374 nationally on financial health and #14 of 14 in RI -- the national figure is a benchmark, not a prediction for how any specific account performs. National health rankings
- Rhode Island is a nearby credit union with a similar profile -- compare the two side by side before deciding where to bank. Compare with Rhode Island
- Rates and health both vary by institution, not just by state -- see how Rhode Island credit unions compare overall before assuming this one is typical. Rhode Island state overview
National and state figures are benchmarks built from NCUA 5300 Call Report data, not a recommendation for any individual account decision.
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. On the national health ranking (same basis as /rankings/healthiest), it sits at #3,345 of 4,374; by total assets it ranks #957 of 4,374 nationally (same basis as /rankings/largest); and #7 of 14 within Rhode Island. Scores above 80 indicate excellent financial health; scores below 50 may warrant closer monitoring. Key factors include net worth ratio of 11.37% 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 11.37% 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.
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.