# OCEAN FINANCIAL
Oceanside, NY · NCUA charter 19269 · asset band $200-500M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/ocean-financial-19269

Who the members are: federal charter, multiple common bond, organized 1969. 14,135 members of 1,000,000 potential (1.4% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 57.

**Verdict on the desk:** this could be *ordinary*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $401.5M |
| Members | 14,135 (-1.3% YoY) |
| Full-time staff | 37 |
| Net worth | $32.9M |
| Net worth ratio | 8.2% (p4 of band) |
| ROA (annualized) | 0.22% (p16 of band) |
| Total delinquency | 1.24% (p88 of band) |
| Net charge-offs (annualized) | 0.05% (p9 of band) |
| Loans / shares | 78% (p59 of band) |
| Cash / assets | 6.6% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.44% (p4 of band) |
| Operating expense / assets | 2.42% (p11 of band) |
| Vehicles % of loans | 11% (p9 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 23% |
| Third-party paper % of net worth | 42% (p38 of band) |
| Vehicle delinquency | 0.21% (p17 of band) |
| Vehicle NCO | 0.45% (p40 of band) |
| Repossessed % of vehicle book | 0.00% (p25 of band) |
| Real estate % of loans | 65% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 156% |
| Core shares % of member funds | 25% |
| Certificates % of member funds | 49% |
| Average share balance | $12,621 |
| Participations bought / yr | $49.2M |
| Participations sold / yr | $0 |
| Participations outstanding | $63.6M |
| Loans outstanding per 100 members | 57% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $36,631 |
| Loans granted, annualized | $85.0M |

## Participation posture (from the same filings)

Bought $49.2M and sold $0 in the latest annualized quarter; $63.6M outstanding purchased (193.1% of net worth), $0 sold and retained. Sold in 0 and bought in 8 of the last 8 quarters. Shares 4.5% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **delinquency 2x band** (`aq_dq_high`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 2 | delinquency 2x band |  |
| 2016-09 | 3 | net worth falling |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 5 | losing money, delinquency rising |  |
| 2017-06 | 5 |  |  |
| 2017-09 | 4 |  | net worth falling |
| 2017-12 | 3 |  | delinquency rising |
| 2018-03 | 3 | delinquency rising | losing money |
| 2018-06 | 3 | assets shrinking | delinquency rising |
| 2018-09 | 3 |  |  |
| 2018-12 | 3 | charge-offs p90 | assets shrinking |
| 2019-03 | 3 | net worth falling | charge-offs p90 |
| 2019-06 | 2 |  | net worth falling |
| 2019-09 | 2 |  |  |
| 2019-12 | 3 | charge-offs p90 |  |
| 2020-03 | 3 | net worth falling | charge-offs p90 |
| 2020-06 | 3 |  |  |
| 2020-09 | 2 |  | net worth falling |
| 2020-12 | 3 | delinquency rising |  |
| 2021-03 | 3 | net worth falling | delinquency rising |
| 2021-06 | 3 |  |  |
| 2021-09 | 2 |  | net worth falling |
| 2021-12 | 2 |  |  |
| 2022-03 | 2 |  |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 | assets shrinking | delinquency 2x band |
| 2023-03 | 2 | delinquency 2x band | thin capital |
| 2023-06 | 3 | delinquency rising |  |
| 2023-09 | 2 |  | delinquency rising |
| 2023-12 | 3 | delinquency rising |  |
| 2024-03 | 2 | losing money | assets shrinking, delinquency rising |
| 2024-06 | 3 | delinquency rising |  |
| 2024-09 | 5 | thin capital, net worth falling |  |
| 2024-12 | 4 |  | delinquency rising |
| 2025-03 | 4 |  |  |
| 2025-06 | 3 |  | losing money |
| 2025-09 | 3 |  |  |
| 2025-12 | 3 |  |  |
| 2026-03 | 2 |  | net worth falling |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-21 [Ocean Financial Federal Credit Union celebrates soft opening of Catholic Health’s Mercy Hospital on-site micro-branch - CUInsight](https://news.google.com/rss/articles/CBMi7gFBVV95cUxNUHZQNVQzSDdqNG9oQ29ZN0w3bGtkLVJKeGZIQ3FvME9zek1TU2VYUE96V1BJeWgzN0dsZUFxMHF3cm9JMWpQNGZoNzdJbzZMVE1tdWVHUE5tMmhjdGJEeENCaXYxSUkzSXZMQV9FVk1aQ2FlUXpldlVFX0JfbTl4ZXNXVWw2LXcyVWw3dHBYREI5RXNxU2dEYTVjMFZoT1RSblZTdFpEYS1fd2pJMTJOMm13SFBzb2lhdGRQWE1jbFBvTzdzTDc1QlR2X1JhQUtTUHkyQ25hVllBVUtaNmVQWF90SzdWZzd4Yzk2bm1B?oc=5) · CUInsight
- 2026-02-13 [Ocean Financial Federal Credit Union Opens 'Micro Branch' Inside Mercy Hospital - Patch](https://news.google.com/rss/articles/CBMisAFBVV95cUxOYmZleEtWUURwbUJuc1pNUk9pWDZ2MzRhZEVIa0Z3TDRQZm0wVU9UNEFrQk93R0xQbzIwalhDNlM1ODdpWUxhbGFlMmJmVENSSkY4ZHFMcVExNUpxajN4REVFR01jTGFCR2dBNnVUb3Vhbnd4WkdOYlFUZDRVQkJ6ZVdjMkt3YkhXbzByRWtOMUtkR0FRZjZMOVVQc3dIU3BSSUQ3RHN4TVlCaDhubUVveg?oc=5) · Patch
- 2026-02-10 [Ocean Financial Federal Credit Union celebrates grand opening of new on-site micro-branch at Catholic Health's Mercy Hospital - CUInsight](https://news.google.com/rss/articles/CBMi-AFBVV95cUxPa3FaRlhNTEotSDZwcGVjQmdHMkIwZDdzVXIwWm43anVIX0dGWEZhLXVlbERRcHVuNmtyaGtfUXNkVGttV3o3RkhvVUtRTHhqakdQcG91ckFVYjV2Y21oRzRVMkQ2ZUNFSU9mWmxHWWZLY1p2WGRzV2V3UFYtY0xBWmVoWXBYN1owdG40ZGRxNHdLZ2Y5UkxEdnJFS1ZHamVBMTJYWUpCbWJzcWZjSzFmU2pmSVF1Zkc1LXUwVFlSTHJUV2pDVGdEQjQwZUVNRUZLZlZBYkYzcFpHSElaQ2kwZDAya1FqNURzYTNiWjBwUEw0ZTRfZ1k2WA?oc=5) · CUInsight
- 2026-04-17 [Joseph Tedesco - Long Island Business News](https://news.google.com/rss/articles/CBMiWEFVX3lxTFB3U3RhV3M2QXFGbGk2NWNvNFhmUmlfMjlSWUJjQ3pSTWx2cHA5ekwwVFFUMXJVOEh1UmMxN1hxTmt0YlJQaC1CR0ZMT2gtNGZjZFZ5WDJ3M28?oc=5) · Long Island Business News
- 2024-09-17 [SUNY New Paltz Foundation Board welcomes two new directors - SUNY New Paltz](https://news.google.com/rss/articles/CBMioAFBVV95cUxNSzVpWFUyOXZwb1llQTVCcDRlWDVfUXJkTkFXc1A0QzJPQmFSN211S1ZETUhlMmZmV19fLVhBQUhIbEdubVo4TXQ0ZEREbTY1OWFHbEYwMTh6dTYzVmZJcTFTblBMZmtCVzZtQ1F3WExMRnRCa2R5S2hJVzBUa3JUdDdrN3BLcll5NjBoSXlRczMzc0pIUHlNalU1czkzRkdj?oc=5) · SUNY New Paltz
- 2025-08-15 [Ocean Financial Federal Credit Union promotes Tracey Revere to Business Development Relationship Manager - CUInsight](https://news.google.com/rss/articles/CBMi3gFBVV95cUxQbzMyZjVOenVfazFueTdJTTNNS0hWVExPaDlwaVdrRXM0Z2cyX3dnaG4wNjlTSnJuV2xHNFJvRFRRR3pMUEhxRFgzdG15V2RVaU81bk1kYjBWRTJmOFRVZXlxREl4dkVqakZmblVkMV9jX2ZzcFZETlBObzU0aGQ5TjF6bWx3QTNhR3NYRGdudGJsdWpDekpzODVYVW5WMkZNWkowQkdzRnNJYUxoNFFhQ2dtLXVJWTlacDBEaU1NR3hzdTJwM2Y1UEZWVjJoTTBGckc5d3pFZTJZUmJXbkE?oc=5) · CUInsight
- 2024-04-19 [Joseph Tedesco - Long Island Business News](https://news.google.com/rss/articles/CBMiVkFVX3lxTE4xQU43clFwM3lyNU9qV29sVUd3anB4TGtPc19IYlE2VzZTOWU3TkdoaGdkVGN5RW5XNXhWSlAtZF9lSmQ1elZYYmEwQ3Q2OXZKc0VmN1JR?oc=5) · Long Island Business News
- 2021-07-14 [High School Graduate From RVC Wins $2,000 Scholarship - Patch](https://news.google.com/rss/articles/CBMilAFBVV95cUxNSm9RRDJUWjZOckJDaWhmUXdYNW1OekVfYU0tREtfTUJLYUxvS3piblo4emFpZGVNVFRydHpjNHFSSS1fY3FCMFBvdk96bkFvQWN0b1NNLW5yWS1jVGFUTm5oZzZGaVdtajgtdmY1ZnVPMkdydjV4N3l6ZTB1NkdESDNabHBiQWJuQ2NHNElRWTNSMFh3?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=19269 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/5.json (key "19269", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=19269
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide