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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Ocean State Credit Union

Ocean State Credit Union

Fiscal year ending 2022. Filed on October 17, 2023.

2006 Nooseneck Hill Road
Coventry, Rhode Island 02816

Ocean State Credit Union (EIN: 05-0263842) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2022 IRS Form 990 filing, Ocean State Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 3 out of 58 total employees. Among the employees shown here, the average compensation is $207,662. The highest compensated employee at Ocean State Credit Union is David L Root with fiscal year 2022 compensation of $330,000.

Revenue, expenses, and employee compensation

Revenue

$13,825,699

Expenses

$11,859,406

Employee compensation

$4,372,432
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

David L Root
President and Chief Executive Officer
$330,000
$330,000 No related compNo other comp
Ginnie Sosnicki
Chief Operating Officer
$182,089
$182,089 No related compNo other comp
Claudia Flanagan
Consumer Lending
$110,898
$110,898 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Michael Airhart
Chair
$14,300
$14,300 No related compNo other comp
Paul E Skaling
Secretary
$12,600
$12,600 No related compNo other comp
Bruce B Hecker
Second Chair
$12,600
$12,600 No related compNo other comp
James Rowe
Treasurer
$12,600
$12,600 No related compNo other comp
William A Sheldon
First Chair
$11,550
$11,550 No related compNo other comp
James Crosby
Director
$11,400
$11,400 No related compNo other comp
Gerard R Cayer
Director
$11,400
$11,400 No related compNo other comp
Therese S Stafford
Director
$11,400
$11,400 No related compNo other comp
Parker Capwell
Director
$11,400
$11,400 No related compNo other comp
Robert H McGuire
Director
$11,400
$11,400 No related compNo other comp
Richard P Sullivan
Director
$10,450
$10,450 No related compNo other comp
Leo R Blais
Director
$9,500
$9,500 No related compNo other comp

Contractors

FiServ
Software and Support
$682,508
Nes Group
Branch Construction Project Manager
$382,613
D3 Logic Inc.
Statement Preparation and Mailing
$220,130
Adt Commercial Inc.
Equipment Maintenance
$199,201
Cuna Mutual
Insurance
$174,306

Mission Statement

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

Revisions to this organization profile

October 28, 2025:
2024 Ocean State Credit Union 990 filed
November 7, 2024:
2023 Ocean State Credit Union 990 filed
October 17, 2023:
2022 Ocean State Credit Union 990 filed

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