Applications / Mortgage Analytics / Lenders / New York / Ocean Financial Federal Credit Union
Oceanside, NY · Credit union · NCUA · $408 million assets · 21 loans in 2025
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21
loans originated, 2025
55
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Ocean Financial Federal Credit Union is a small New York lender whose few loans in 2025 went more often to home improvement than to buying homes.
Of its 21 loans in 2025, 38.1% were for home improvement, 28.6% for purchases and 23.8% for refinances. All were conventional, as at similar lenders (credit unions making between half and twice as many loans). With so few loans, figures such as its typical loan size, $205,000 against $100,000 at peers, are too small a base to read much into.
It made 21 loans, against 23 in 2024 and 118 in 2020. Its count fell 9% in 2025, while the typical similar credit union fell 5%. The 2020 peak came when its typical rate was 3.25%; at 7.25%, fewer members may want to borrow against or buy a home.
It lends in three states, five counties and three metros, with New York its main state. It ranks 462 of 802 lenders in New York-Newark-Jersey City, where JPMorgan Chase Bank ranks first, and holds well under 1% in Bridgeport-Stamford-Danbury and Kingston, NY. It has lent in the New York metro since 1990.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Ocean Financial Federal Credit Union took 55 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 38.1% · Purchase 28.6% · Refinance 23.8% · Other 9.5%
Conventional 100.0% · of 21 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| New York | 19 | 90.5% |
| Connecticut | 1 | 4.8% |
| Pennsylvania | 1 | 4.8% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Nassau County-Suffolk County | 18 |
| Bridgeport-Stamford-Danbury | 1 |
| Kingston | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 254900VFRQR5ZLXRQ298 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 714183 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 519269 | 1990–2017 |
Established 1 January 1969. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Ocean Financial Federal Credit Union's data.
Ocean Financial Federal Credit Union's data
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Ocean Financial Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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