# OCEAN STATE CREDIT UNION

> **Canonical URL:** https://saferate.com/lenders/ocean-state-credit-union


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


OCEAN STATE CREDIT UNION is a credit union, headquartered in Coventry, RI, with 30 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 26% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 60% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300OITV2T766YLP15
- **Headquarters:** Coventry, RI
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** RI
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 97.6%
- **Brokered/Wholesale:** 2.4%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 74/100
- Rating: ●●●●○ (4/5)

### Pull Through: Acceptable 🙂
- Score: 40/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.148%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $866
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 30
- **Dollar Volume:** $10 million
- **Applications Received:** 41
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $343,667
- **Average Borrower Income:** $134,733
- **Average Property Value:** $535,000

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 22/100 | 28 | -0.140% | $926 | Acceptable 🙂 |

### Product Performance by Purpose

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 21/100 | 18 | $7M | -0.231% | Acceptable 🙂 |
| Refinance | 28/100 | 12 | $3M | +0.054% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| RI | 30 | 0.28% | 65/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Providence | RI-MA | 30 | 65/100 |

## Where This Lender Ranks

OCEAN STATE CREDIT UNION appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🏆 **#6** in Rhode Island Credit Unions
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/credit-unions)
- 🏆 **#6** in Rhode Island for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/rhode-island/best-mortgage-lenders/credit-unions/conventional-loans)

## Frequently Asked Questions

### What loan types does OCEAN STATE CREDIT UNION offer?

OCEAN STATE CREDIT UNION offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does OCEAN STATE CREDIT UNION offer mortgages?

OCEAN STATE CREDIT UNION offers mortgages in 1 states: RI.

### How competitive are OCEAN STATE CREDIT UNION's mortgage rates?

OCEAN STATE CREDIT UNION has a pricing score of 74/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.148% below market average.

### What type of lender is OCEAN STATE CREDIT UNION?

OCEAN STATE CREDIT UNION is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Coventry, RI.

### What is OCEAN STATE CREDIT UNION's loan approval success rate?

OCEAN STATE CREDIT UNION has a pull-through score of 40/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/ocean-state-credit-union

### How to Cite

> "OCEAN STATE CREDIT UNION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/ocean-state-credit-union

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