What are the current interest rates at Ocean State Credit Union?

Current rates for Ocean State Credit Union include: 12-Month CD: 3.50%, 18-Month CD: 3.50%, 24-Month CD: 3.25%, 60-Month CD: 2.50%, Savings: 0.15%

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Ocean State Credit Union

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Ocean State Credit Union Rates & Review September 2026

Q: How many branches does Ocean State Credit Union operate?

Ocean State Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is a member application needed to join Ocean State Credit Union?

Yes, to access services at Ocean State Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Ocean State Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: September 3, 2026

Ocean State Credit Union's 12 month 1 Year CD rates are at 3.50%, 12 month 1 Year IRA rates are at 3.50%, 18 Month CD rates are at 3.50%, 18 Month IRA rates are at 3.50%, 24 month 2 Year CD rates are at 3.25%. Ocean State Credit Union's savings rates are at 0.15%. Ocean State Credit Union's Personal Loan Rates are at 15.75%. MonitorBankRates evaluates the financial stability of Ocean State Credit Union with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 10.50%. Rates last updated and verified on 09/03/2026.

Ocean State Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Ocean State Credit Union? Share your experience about Ocean State Credit Union by leaving a review below, or read customer reviews before you decide to use Ocean State Credit Union.

Verified Healthy 2026 Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

Excellent Health Score: 95/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

10.50%

Excellent Higher than avg

Health Trend

Worsening 12 quarters

Full history ›

Ocean State Credit Union
Operation Center

2006 Nooseneck Hill Rd
Coventry, RI 02816

https://www.oceanstatecu.org

Ocean State Credit Union CD Rates

Product	Rate	APY	Term
12 month 1 Year CD	3.45%	3.50%	12 Months
Min Deposit $1,000 Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
12 month 1 Year IRA	3.45%	3.50%	12 Months
Min Deposit $500 Details Interest Paid: Quarterly Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
18 Month CD	3.45%	3.50%	18 Months
Min Deposit $1,000 Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
18 Month IRA	3.45%	3.50%	18 Months
Min Deposit $500 Details Interest Paid: Quarterly Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
24 month 2 Year CD	3.21%	3.25%	24 Months
Min Deposit $1,000 Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
24 month 2 Year IRA	3.21%	3.25%	24 Months
Min Deposit $500 Details Interest Paid: Quarterly Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
36 month 3 Year CD	3.11%	3.15%	36 Months
Min Deposit $1,000 Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
36 month 3 Year IRA	3.11%	3.15%	36 Months
Min Deposit $500 Details Interest Paid: Quarterly Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
48 month 4 Year CD	2.47%	2.50%	48 Months
Min Deposit $5,000 Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
60 month 5 Year CD	2.47%	2.50%	60 Months
Min Deposit $5,000 Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
60 month 5 Year IRA	2.48%	2.50%	60 Months
Min Deposit $500 Details Interest Paid: Quarterly Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%

Ocean State Credit Union Savings Rates

Product	Rate	APY	View More
Statement Savings	0.15%	0.15%
Min Deposit $5 Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%

Ocean State Credit Union Home Equity & HELOC

Product	Rate	Points	APR	Term
Home Equity Loans	-	-	6.75%	60 months
Details 80% Maximum Loan to Value Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Home Equity Loans	-	-	7.00%	120 months
Details 80% Maximum Loan to Value Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Home Equity Loans	-	-	7.25%	180 months
Details 80% Maximum Loan to Value Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Home Equity Loans	-	-	7.50%	240 months
No additional details. Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Home Equity PLUS Loans	-	-	7.75%	60 months
Details 100% Maximum Loan to Value Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Home Equity PLUS Loans	-	-	8.00%	120 months
Details 100% Maximum Loan to Value Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Home Equity PLUS Loans	-	-	8.25%	180 months
Details 100% Maximum Loan to Value Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Home Equity PLUS Loans	-	-	8.50%	240 months
Details 100% Maximum Loan to Value Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Home Equity PLUS Loans	-	-	15.00%	Open
Details $1,000.00 Maximum Advance in $50.00 Increments Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%

Ocean State Credit Union Auto Loan Rates

Product	Rate	Points	APR	Term
New Vehicle Loan	-	-	6.00%	Up to 60 months
Details New; As Low As; 10% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
New Vehicle Loan	-	-	6.25%	Up to 36 Months
Details Refinance a New Auto; As Low As; 10% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Used Vehicle - Model Year 2025-2026 Loan	-	-	6.25%	60 Months
Details 15% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
New Vehicle Loan	-	-	6.75%	Up to 60 months
Details Refinance a New Auto; As Low As; 10% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Used Vehicle - Model Year 2019-2020 Loan	-	-	7.00%	24 Months
Details 15% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Used Vehicle - Model Year 2021-2022 Loan	-	-	7.00%	36 Months
Details 15% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Used Vehicle - Model Year 2023-2024 Loan	-	-	7.00%	48 Months
Details 15% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
New Vehicle Loan	-	-	7.25%	Up to 72 months
Details New; 15% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
New Vehicle Loan	-	-	7.75%	Up to 84 months
Details New; 15% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%
Used Vehicle - Older Vehicles Loan	-	-	10.00%	24 months
Details 15% Down Payment or GAP Coverage Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%

Ocean State Credit Union Personal Loan Rates

Product	APR	Term	View More
Personal Loans	15.75%	Up to 60 months
Details As Low As Last Updated 09/03/2026 Institution Ratings 5.0 Star Rating A Health Grade ◈ Texas Ratio: 10.50%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Financial Health History

Ocean State Credit Union’s Texas Ratio rose from 5.66% in Q2 2023 to 10.50% in Q1 2026, so its financial health has weakened over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0 and its Health Grade from A+ to A. Lower Texas Ratios are healthier; the amber line marks the 15% level a credit union must stay under to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy threshold

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
March 31, 2026	$351M	10.50%	5.0	A
December 31, 2025	$342M	8.48%	5.0	A
September 30, 2025	$334M	6.99%	5.0	A
June 30, 2025	$339M	7.73%	5.0	A
March 31, 2025	$348M	6.96%	5.0	A
December 31, 2024	$344M	7.28%	5.0	A
September 30, 2024	$337M	6.74%	5.0	A
June 30, 2024	$345M	5.12%	5.0	A+
March 31, 2024	$346M	4.63%	5.0	A+
December 31, 2023	$339M	5.29%	5.0	A+
September 30, 2023	$343M	2.94%	5.0	A+
June 30, 2023	$341M	5.66%	5.0	A+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Ocean State Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Ocean State Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Ocean State Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Ocean State Credit Union

Website https://www.oceanstatecu.org

Address 2006 Nooseneck Hill Rd, Coventry, RI 02816

Phone 401-397-1900

Fax 401-397-1912

President MICHAEL AIRHART

CEO Michael Garvey

Full-Time Employees 54

Part-Time Employees 7

Branch Locations 6

ATM Locations 6

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A (95/100)

Texas Ratio

10.50%

Return on Assets (ROA)

0.0328%

Return on Equity (ROE)

0.2881%

Non-Performing Loans Ratio (NPL)

1.54%

Total Assets

351,260,552

Total Amount of Shares and Deposits

284,484,105

Total Shares and Deposits < 1 Year

257,856,307

Total Shares and Deposits 1 3 Years

19,257,870

Total Shares and Deposits > 3 Years

7,369,928

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

12,003,433

Total Uninsured Shares and Deposits > $250K (F+J)

12,003,433

Total Insured Shares and Deposits > $250K (item 17 less item K)

272,480,672

Total Interest Expense (Sum of items 6 8)

1,258,082

Share Certificates

1,909

Number of Accounts for Share Drafts

7,729

IRA KEOGH Accounts

910

Number of Accounts for Regular Shares

26,321

All other shares

952

Money Market Shares

656

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

46,667,199

Total Liabilities

311,335,643

Source: NCUA — Last Updated 03/31/2026

2026 MBR Health & Safety Badge

Ocean State Credit Union earned the Verified Healthy badge

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Customer Reviews

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Average Rating

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Total Reviews

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Frequently Asked Questions About Ocean State Credit Union

How many branches does Ocean State Credit Union operate?

Ocean State Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Ocean State Credit Union?

Yes, to access services at Ocean State Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Ocean State Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Ocean State Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Ocean State Credit Union offer online and mobile banking?

Most modern institutions like Ocean State Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.oceanstatecu.org.