Ocean Communities Federal Credit Union

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A short history of Ocean Communities FCU

Since its inception in 1948 the Ocean Communities Federal Credit Union has been serving its members in the BIDDEFORD, Maine area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Judy Morin, the Ocean Communities FCU has grown its membership to over 12,600 with assets of more than $168,152,937. They have a main office and 5 branch offices. Please see the credit unions website or contact them by phone at (207) 284-5918 or email them at info@oceancommunities.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in BIDDEFORD, ME.

General Information For Ocean Communities FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 5890
Address PO BOX 1961 
City BIDDEFORD 
State Maine 
Zip-Code 04005
Phone Number (207) 284-5918
Fax Number (207) 282-8271
Email Address: info@oceancommunities.com
CEO/President Judy Morin
Members 12,600 
Full-Time Employees 47 
Part-Time Employees
Number of Branch Offices
Total Assets 168,152,937 
Website http://www.oceancommunities.com 

Compare Ocean Communities Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Saco Valley CU Main Office 312 Main St 04072 (207) 282-6169 No 2.22
Peopleschoice CU Saco Office 23 Industrial Park Rd 04005 (207) 282-4156 No 3.02
Blue Cross And Blue Shield Of Me CU BCBS OF ME EFCU 2 Gannett Dr 04106 (207) 822-7483 No 11.96
Maine Media CU mmfcu 295 Gannett Dr 04112 (207) 774-4307 No 11.96
Truchoice CU Operations Center 332 Cummings Rd 04104 (207) 772-0808 No 12.20

Ocean Communities Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Ocean Communities Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.99 3.09 4.29 4.00 4.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 159 155 238 138 132
Rank Among All Maine Credit Unions 6 12 21 11 9

Ocean Communities Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 2.51 0.10 0.30 2.23 0.25
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 12 129 97 28 266
Rank Among All Maine Credit Unions 2 8 9 1 29
Ocean Communities Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.990259,951
All Other Unsecured Loans/Lines of Credit 10.4906881,366,431
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.0903567,244,162
Used Vehicle Loans 4.2902,55433,014,932
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.0003,52062,792,339
Total Other Real Estate Loans/Lines of Credit 4.25045313,700,636
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.9903812,671,826
TOTAL LOANS & LEASES 7,977120,800,277

Ocean Communities Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 2,81932,560,9833262,548,876
    b. 15 Years or less 50011,384,60664228,421
Balloon/Hybrid
    a. > 15 years 163,426,16500
    b. 15 Years or less 215,999,15222,137,143
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 1649,421,4339362,000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 841,749,69500
Closed-End Adjustable Rate 15294,08000
Open-End Adjustable Rate 35411,656,86111370,568
Open-End Fixed Rate 0000
TOTALS 3,97376,492,9754125,647,008

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 1578,698,761362,000
Interest Only & Payment Option Other RE/LOC Loans 36811,943,753370,568
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Ocean Communities Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes