Mission
To provide high quality, low cost financial services to its members
Public Charity
Ocean State Credit Union
Ocean State Credit Union is a Public Charity headquartered in Coventry, RI. Financial data from the 2024 filing: $17.5M revenue, $16.5M expenses, $343.7M total assets.
EIN: 050263842
Coventry, RI
Latest filing: 2024
Total Revenue$17.5M
Total Expenses$16.5M
Total Assets$343.7M
Grant Records0
Filing Years2019–2024
Where $100 goes at Ocean State Credit Union
How Ocean State Credit Union divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.
$100
Programs
the work itself
<$1
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $100 for programs
$100
The Credit Union is a cooperative owned by its members
Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
Second Chair
Bruce B Hecker
Director Consumer Lending
Claudia Flanagan
CEO Retired
David L Root
Director
Gerard R Cayer
Director
James Crosby
Treasurer
James Rowe
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $17.5M | $16.5M | $343.7M |
| 2023 | $16.2M | $14.8M | $339.3M |
| 2022 | $13.8M | $11.9M | $344.9M |
| 2020 | $15.5M | $12.4M | $323.0M |
| 2019 | $13.3M | $11.6M | $290.2M |
Between 2019 and 2024, reported annual revenue grew from $13.3M to $17.5M (+32%), with total assets most recently reported at $343.7M.
Interactive year-over-year charts and full filing details available with membership.