# OCEAN COMMUNITIES
BIDDEFORD, ME · NCUA charter 5890 · asset band $100-200M · latest filing 2017-06 · stopped filing after 2017-06 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/ocean-communities-5890

Who the members are: federal charter, community charter, organized 1948. 12,600 members of 494,384 potential (2.5% of the field); checking penetration 70% (share draft accounts per 100 members); loans per 100 members 63.

**Verdict on the desk:** this could be *ordinary*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $168.2M |
| Members | 12,600 (0.7% YoY) |
| Full-time staff | 47 |
| Net worth | $12.1M |
| Net worth ratio | 7.2% (p4 of band) |
| ROA (annualized) | 0.26% (p29 of band) |
| Total delinquency | 0.94% (p68 of band) |
| Net charge-offs (annualized) | 0.45% (p61 of band) |
| Loans / shares | 78% (p62 of band) |
| Cash / assets | 14.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.03% (p55 of band) |
| Operating expense / assets | 3.71% (p54 of band) |
| Vehicles % of loans | 33% (p44 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 28% |
| Third-party paper % of net worth | 94% (p67 of band) |
| Vehicle delinquency | 1.58% (p91 of band) |
| Vehicle NCO | 1.07% (p83 of band) |
| Repossessed % of vehicle book | 0.00% (p29 of band) |
| Real estate % of loans | 63% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 1% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 67% |
| Certificates % of member funds | 16% |
| Average share balance | $5,396 |
| Participations bought / yr | $3.3M |
| Participations sold / yr | $15.6M |
| Participations outstanding | – |
| Loans outstanding per 100 members | 63% |
| Loans granted per 100 members, annualized | 15% |
| Average loan balance | $15,144 |
| Loans granted, annualized | $24.0M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | thin capital |  |
| 2016-06 | 2 | 3rd-party paper>100% NW |  |
| 2016-09 | 5 | capital below 7%, net worth falling |  |
| 2016-12 | 2 |  | capital below 7%, net worth falling |
| 2017-03 | 2 |  |  |
| 2017-06 | 1 |  | 3rd-party paper>100% NW |

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

- 2016-08-03 [Northeast Credit Union plans to merge with Ocean Communities Federal Credit Union - conwaydailysun.com](https://news.google.com/rss/articles/CBMijwJBVV95cUxPbE9xUHVBT0IzcGVKQlR2QVhCYlROZTRpWXNiNTA4LUFWTkFFc3oycWIxV1pFcXlGYWV1MlJUNlhNbng5enJIdXliTXlqaUxOM25TNGpKTk1zOVM2aFRrRkJKa0t4YjlOSy05WllPYVIxbWtOQkFLYndGT2VsYkpvNjR6Y1piZE13aTlrOVJLRVZ4Zi13Y0trUm9kVHBEUEs0SDFCcjE4ZWEzMkVCbzVvcUpwOGg4emRSaVZrN2FqTm45dG1FVVlfb0dYNXR1azhDZFNTQlBQR0ZCNXhCX0lmUTJoZ2dqNjBsT2lQV2ttTjc0VzNUbGVxZWpfRGpkNnNfV2ljYWF0NkZ2VzBMYzZz?oc=5) · conwaydailysun.com
- 2024-06-09 [Jackson Mace Obituary - MA - Lowell Sun](https://news.google.com/rss/articles/CBMiZkFVX3lxTE5TOWdjRmxYbXRuZVZlcmx4Q2pDNDJyWGVVV2pPT19UX3N0eENES0YwYmtJSVJBM1JoNlZrRjBnaUtmTTFmQUpuX1RfdW14VDNjUGFXelAxOXVRNlhzNDQ1U1Q2WlgyZw?oc=5) · Lowell Sun
- 2010-07-22 [Tammy Folker - Seacoastonline.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxNR1BaSlBPcjZVOVJCdmZETnJWNGhpQmpMS1BVVlh4Z0ZoSk5mT1cwYzhDa1BnenU3eW05aEJxUWstc3lWNWRIci1SV0o5WXp0YXN1bmhlZUhhaTBwNDZnS0NaOXFKYmd2UUhuWHBNekdjODFEQlh4eFBsRVRqWGtPaVE5bzVqbXduSEtVUi0wenQ5TjdzenNNellB?oc=5) · Seacoastonline.com
- 2015-10-20 [Apple Pay Now Supports HSBC and Over 70 Other Issuers in U.S. - MacRumors](https://news.google.com/rss/articles/CBMiekFVX3lxTFBUTHRCY3IzdWNublNxdFdfQTFrMXNIM1djSGRhdEJQYm1fTWxleG9LT0lQbm0zS1psTVpiRmxmM0tDbGgzWEtGX2NPS184eC1iVkhnblRscUJ2TUU5aDdOM2x6VXFvZEpPckRZdFY1eEJIbC12MnBsUHdn?oc=5) · MacRumors
- 2026-04-13 [Donald R. Fecteau Obituary (2026) - Biddeford, ME - Hope Memorial Chapel - Biddeford - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxQT2JLNjNQX0pRM2ptMUZIVmxWd0s0Znl4eUNDNmtLYURjaUVzbHdlV3F6Vm04NzlGUzFpUzRPOFdpbE1HMVozZTdUeWlHVEswdEs4R1FnemhmNHltM214RktDcmRnb0tFaWRQWm5BaWMyb1dVZEZBMU1KNHZ2WHpuamgtNA?oc=5) · legacy.com
- 2013-11-20 [4 arrested in 5 bank robberies in NH, Maine - WMUR](https://news.google.com/rss/articles/CBMioAFBVV95cUxNQTk5OC0telNfRUlNMEZZWDFIRzU4dXR3SW0ySWVfeHFhdmlHZjhNQkk3d0ItRmZqcmpyY2tEYjdoamNIRWJxUEVRbFVlUERCTkhZb2ZCWGc3aWpEbk1ZcVFzc1A4NHQ4Um5hSE1DSHZhMFFlMDk2ZmtBem1XQ3NLeFpoMXdtSkR0OWk2dkdmcXpHdWpIZWhFdUVXVzFObHlr?oc=5) · WMUR
- 2010-11-11 [Calendar of events - Foster's Daily Democrat](https://news.google.com/rss/articles/CBMihwFBVV95cUxOVzlLclpNZkNVa1lEbkxrclE0N20tNkZrOWlKSFVWZmc4UXJjTUhDMHlac3pfSWRZYXhwcXdKeHItY2p3TDdIWUJjVENUUUpmME9ZM1ZpX1FjanVyeGxEa3J2eWJhdjRTRE9JQWMzWUo0UlA4RzJxWkFSNkNzSzZRLVBGbVJlZ0k?oc=5) · Foster's Daily Democrat
- 2011-09-15 [Jonathan David Crook - Seacoastonline.com](https://news.google.com/rss/articles/CBMipAFBVV95cUxOWnFJT2RETU5iZUY3RlN6UmpnQlNkLWlCVHY2ZkNRdkR0YWZBM2xmcmlFdnFtWXdEQlBMRGNkN000RUlnRGpIeVRUcUdmbHp2ODVpMks1QXdhV3JHX2tLT3pyOGJpdVRyQ0dJR0FyNm80QzZSby1aVHJBOWdLbVhxTHREbkRLVS1KT3N6eTc2WVlmSWpPOUtQM3Exd3c4ck9fcjdqNQ?oc=5) · Seacoastonline.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=5890 (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/2.json (key "5890", 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=5890
- 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