Ocean Financial Federal Credit Union (previously named Oceanside Christopher Federal Credit Union) was chartered in 1969 by a small group of members at the Father Joseph O’Connell Knights of Columbus (Council #3481) in Oceanside N.Y. Made up of an all-volunteer group, they wanted to provide financial services to the families of their Brother Knights at the council. In January 2017, the credit union is undergoing a name change in order to further reach out to Catholic Long Islanders.
Every credit union has a defined field of membership and ours has evolved over the years. From the beginning when we only served the members of one Knights of Columbus council to adding other councils on Long Island to expanding to include any member of the Knights of Columbus in New York State, we have continued to expand. Today, we include the Diocese of Rockville Centre and can provide our financial products and services to any Catholic interested in the credit union.
While the products and services offered at the credit union have evolved since 1969, what has remained the same is our commitment to you, our member-owners. You can depend on the Catholic credit union to always offer you a fair deal while treating you with the respect and dignity you deserve. We consider ourselves your “Financial Guardian Angel” and promise to always do what is best and right for you.
Ocean Financial Federal Credit Union is a not-for-profit financial cooperative that no one person profits from personally. Profits are returned to our member-owners in the form of higher dividends on savings, lower rates on loans and less fees than you would find at a bank.
Each member owns one share of our credit union and they exercise their ownership through a democratically elected, volunteer Board of Directors, who establish and uphold all policies of the credit union.
We are an organization built on the credit union philosophy of people helping people.