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OCEAN FINANCIAL FEDERAL CREDIT UNION BEGINS TO REOPEN BRANCHES TO MEMBERS

 

 

 

Oceanside, NY (June 25, 2020) – Ocean Financial Federal Credit Union (OFFCU) will reopen its branches in Oceanside and Seaford starting June 29, 2020, for appointment banking only for members. Appointment banking will include financial products such as loans, mortgages, and trusts. Branches have been closed since March during the COVID-19 lockdown.

Lobbies will remain closed to walk-in business, and deposit, withdrawal, and transfer transactions will be handled at the drive-up teller windows, which have remained in operation throughout the pandemic lockdown.

“This is a step in the right direction for our credit union members,” said Joe Tedesco, President of Ocean Financial Federal Credit Union. “The health and safety of our employees, members, and communities continue to be at the heart of all we do. We look forward to our branches being fully open very soon.”

During the COVID-19 shutdown, OFFCU has offered a variety of specialized services to members:

  • Paycheck Protection Program (PPP) loans to small businesses to provide short-term financial assistance to help soften the immediate economic impact of the COVID-19 pandemic.
  •    In April, OFFCU launched a Hardship Loan program and an Emergency Assistance Loan programto assist anyone experiencing financial challenges as a result of the COVID-19 outbreak. The loans provided up to $7,500 and a deferred 90 days on the first repayment to all qualifying members.
  •    Extended drive-up teller hours for deposits, withdrawals, and transfers.

Additionally, OFFCU mortgage and loan officers continued to process mortgage and loan business, in some cases shuttling paperwork among parties separated in different rooms in a branch office. “We worked around the clock processing loan applications and holding socially distanced, in-person closings,” said Tedesco. “The last thing we wanted was for someone’s dream house to slip away because we couldn’t get the parties around a closing table.”

About Ocean Financial Federal Credit Union 

Ocean Financial Federal Credit Union was formed in 1969 by a group of Father Joseph O’Connell Knights of Columbus members looking to provide financial services to Brother Knights and their families. Over the years, the credit union has evolved in name and in field of membership, while maintaining ties to their Catholic roots. Today, Ocean Financial has grown to over $316 million in assets, serving members of the Knights of Columbus in New York State, the Diocese of Rockville Centre, and any Catholic interested in the credit union. Inspired by their Catholic values, Ocean Financial provides exceptional products and services to the Catholic community. The credit union takes pride in having Catholic values you can bank on. Ocean Financial promotes these values through the entire organization, down to the logo. To learn more, visit https://www.oceanfinancial.org

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