Ocean Financial Federal Credit Union

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A short history of Ocean Financial FCU

Since its inception in 1969 the Ocean Financial Federal Credit Union has been serving its members in the OCEANSIDE, New York 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 Joseph Garay, the Ocean Financial FCU has grown its membership to over 14,317 with assets of more than $316,280,253. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (516) 620-8100 or email them at j.garay@kofcfcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in OCEANSIDE, NY.

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

Charter Number 19269
Address 45 ATLANTIC AVENUE 
City OCEANSIDE 
State New York 
Zip-Code 11572
Phone Number (516) 620-8100
Fax Number (516) 620-8080
Email Address: j.garay@kofcfcu.org
CEO/President Joseph Garay
Members 14,317 
Full-Time Employees 43 
Part-Time Employees
Number of Branch Offices
Total Assets 316,280,253 
Website http://oceanfinancial.org 

Compare Ocean Financial Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
American Broadcast Employees CU 190 N State St 190 N State St 60601 (312) 899-4104 No 1.74
Msba Employees CU MSBA EMPLOYEES FCU 700 Commercial Ave 11570 (516) 766-0009 No 1.74
Town Of Hempstead Employees CU Town Hall Branch 350 Front St 11550 (516) 292-9212 No 2.70
First Frontier CU Office 155 Sherman St 11563 (516) 599-8243 No 2.81
Long Beach Teachers CU Main Branch 322 Lagoon Dr W 11561 (516) 897-2064 No 2.84

Ocean Financial Federal Credit Union Financial Performance Charts


Performance Charts

Website Image

Financial Data


Ocean Financial 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 1.74 1.99 4.13 3.88
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 18 21 159 87
Rank Among All New York Credit Unions 23 7 7 58 28

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

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.30 0.40 1.97 1.97
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 88 76 42 52
Rank Among All New York Credit Unions 16 24 18 6 8
Ocean Financial Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.9902,8734,224,077
All Other Unsecured Loans/Lines of Credit 9.7405453,511,750
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.74049711,092,959
Used Vehicle Loans 1.9901,46919,886,360
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.13035190,344,310
Total Other Real Estate Loans/Lines of Credit 3.88071947,313,690
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.7501258,148,293
TOTAL LOANS & LEASES 6,579184,521,439

Ocean Financial 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 12030,518,73582,471,500
    b. 15 Years or less 12921,581,26871,468,500
Balloon/Hybrid
    a. > 15 years 31,022,81700
    b. 15 Years or less 9536,386,2643919,255
Other Fixed Rate 2721,37400
Adjustable Rate 1 yr or less 2113,85200
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 24414,746,4009617,692
Closed-End Adjustable Rate 1105,69000
Open-End Adjustable Rate 47432,461,600473,065,074
Open-End Fixed Rate 0000
TOTALS 1,070137,658,000748,542,021

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 3348,244348,244
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Ocean Financial 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 Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes