EIN 05-0263842

Ocean State Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
58
Year formed
1950
Most recent tax filings
2022-12-01
Description
Ocean State Credit Union provides low cost financial services to its member depositors through investment and loan activities that generate income. Its mission is to offer affordable options to members, who are also co-operative owners of the Credit Union. This goal is made possible by charging low interest rates and fees on loans and investments. The Credit Union is located in Coventry, RI.
Total revenues
$13,825,699
2022
Total expenses
$11,859,406
2022
Total assets
$344,864,750
2022
Num. employees
58
2022

Program areas at Ocean State Credit Union

Interest and fees on loans and investments allow the Credit Union to provide low cost financial services to its members.

Personnel at Ocean State Credit Union

NameTitleCompensation
David L. Root, C.p.a.President and CEO$330,000
Missy GirouxChief Operating Officer
David Root CeoPast Chief Executive Officer
Ginny L. SosnickiPast Executive Vice President and Chief Operating Officer$182,089
William A. Sheldon1st Vice Chairman$11,550
...and 3 more key personnel

Financials for Ocean State Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$13,120,931
Investment income and dividends$704,768
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$13,825,699

Form 990s for Ocean State Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-17990View PDF
2021-122022-10-18990View PDF
2020-122021-09-01990View PDF
2019-122021-06-08990View PDF
2018-122019-08-17990View PDF
...and 10 more Form 990s

Organizations like Ocean State Credit Union

OrganizationLocationRevenue
Premier Credit UnionPalatine, IL$5,717,485
Golden Plains Credit UnionGarden City, KS$44,194,863
Kansas City Credit UnionKansas City, MO$3,993,380
Cooperativa Ac La Sagrada FamiliaCorozal, PR$13,502,561
Point Breeze Credit Union (PBCU)Hunt Valley, MD$30,117,065
Telcomm Credit UnionSpringfield, MO$13,563,264
University of Illinois Community Credit UnionChampaign, IL$29,419,590
Navigator Credit UnionPascagoula, MS$26,230,497
Sunmark Credit UnionLatham, NY$62,452,442
HAR-CO Credit UnionBel Air, MD$9,204,810
Data update history
November 27, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Used new vendors
Identified 2 new vendors, including , and
September 19, 2023
Updated personnel
Identified 1 new personnel
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 16, 2023
Used new vendors
Identified 2 new vendors, including , and
Nonprofit Types
Credit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
2006 Nooseneck Hill Rd
Coventry, RI 02816
Metro area
Providence-Warwick, RI-MA
County
Kent County, RI
Website URL
oceanstatecu.org/home/homeĀ 
Phone
(401) 397-1900
IRS details
EIN
05-0263842
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1950
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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