Ocnac No 1 Federal Credit Union (5987), a $7.1M credit union headquartered in Jersey City, NJ, led by CEO Gamba, reported $6.2M in member deposits at the end of 2025 Q3, an increase of $160K (+2.7%) compared to the same quarter last year.
The credit union's 27.6% loan-to-share ratio indicates a conservative funding posture with room for additional lending capacity.
Net effect: low loan-to-share ratio signals untapped lending capacity.
Deposit Composition
Ocnac No 1 Federal Credit Union's deposit portfolio is led by Regular Shares, comprising 100.0% of total deposits—basic savings accounts with no withdrawal restrictions. The heavy concentration in liquid shares provides operational flexibility but may pressure net interest margin in a rising rate environment.
Deposit Portfolio Breakdown
| Deposit Type | Balance | % of Total | YoY Growth |
|---|---|---|---|
| Regular Shares | $6.2M | 100.0% | +2.7% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Deposit Trends
Moderate deposit growth suggests stable member relationships balanced with competitive pricing pressures.
Quarterly Trend
| Period | Total Deposits | QoQ Change | Avg/Member |
|---|---|---|---|
| 2024 Q2 | $6.1M | $3K | |
| 2024 Q3 | $6.0M | -0.8% | $3K |
| 2024 Q4 | $5.9M | -2.3% | $3K |
| 2025 Q1 | $6.0M | +0.9% | $3K |
| 2025 Q2 | $6.1M | +2.1% | $3K |
| 2025 Q3 | $6.2M | +2.0% | $3K |
Source: NCUA 5300 Call Reports
Member Deposit Metrics
Ocnac No 1 Federal Credit Union serves 2,174 members, a decrease of 5.6% year-over-year. The average member deposit of $3K has grown 8.7% compared to last year.
Deposit growth exceeding member growth suggests existing members are increasing their balances, a sign of deepening relationships.
Historical Context: Since the 2008 Crisis
Ocnac No 1 Federal Credit Union's deposit base has grown 56% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $4.0M in member deposits serving 2,359 members.
Membership has declined 8% over this period, reflecting broader industry consolidation trends.
Peer Comparison
Among 567 credit unions in its $3.6M–$10.7M asset peer group, Ocnac No 1 Federal Credit Union ranks in the 74th percentile for deposit growth.
Outlook
Ocnac No 1 Federal Credit Union's deposit trajectory will depend on rate competitiveness, member retention efforts, and the broader economic environment affecting member savings behavior.
Ocnac No 1 Federal Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether this deposit growth trajectory can be sustained.
Track This Credit Union
Monitor Ocnac No 1 Federal Credit Union's quarterly deposit performance, member metrics, and share composition with Finleet Terminal.
Data Sources: NCUA 5300 Call Reports (2025_Q3), NCUA Historical Data (2007-present), Finleet Proprietary Analysis
Methodology: Year-over-year growth calculated comparing 2025_Q3 to same quarter prior year. Peer groups defined as credit unions within 50% asset range. Average deposit calculated as total shares and deposits divided by total members.