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Filing year 2024

Ocean State Credit Union

Coventry, Rhode Island·EIN 05-0263842·14
Total revenue
$17.5M
Total assets
$343.7M
Total expenses
$16.5M
Reported officers
16
Mission

To provide high quality, low cost financial services to its members

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

$635k
$685k
Base
$75k
Bonus
Other
$36k
Benefits
$17k
Base
$264k
Bonus
Other
Benefits
$25k
Coo/compliance Risk Officer
key employee
$165k
$178k
Base
$156k
Bonus
Other
Benefits
$9k
Director Consumer Lending
key employee
$114k
$123k
Chairman
board chair
$16k
$17k
Treasurer
officer (unspecified)
$14k
$15k
Second Chair
board chair
$14k
$15k
First Chair
board chair
$14k
$15k
Secretary
officer (unspecified)
$13k
$14k
Director
board member
$12k
$13k
Director
board member
$12k
$13k
Director
board member
$12k
$13k
Director
board member
$12k
$13k
Director
board member
$12k
$13k
Director
board member
$10k
$11k
Director
board member
$7k
$7k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 35%
from 2023

From $469k in 2023 to $635k in 2024.

$469k
2023
$635k
2024
In today's dollarsEst.
Up 31% in real terms$524k to $685k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

Ocean State Credit Union reported revenue and expenses across 2 filing years.

RevenueExpenses
$16.2M
$14.8M
2023
$17.5M
$16.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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