OceanAir Federal Credit Union

What OceanAir Federal Credit Union does

OceanAir Federal Credit Union is a federally chartered, member-owned cooperative credit union headquartered in Oxnard, California, serving Ventura County through four branch locations in Oxnard, Ventura, Camarillo, and Simi Valley. Originally founded in April 1952 as CBC Federal Credit Union, the institution rebranded to OceanAir in October 2024 after more than 70 years serving the local community. OceanAir offers a full suite of retail and commercial financial products organized around a tiered "Epic" checking family (Basic, Epic, Epic Premium, Epic Student, Epic Business, Epic Business Premium) with bundled identity protection, roadside assistance, cell phone protection, and access to the BaZing-powered Epic Perks discount network. Complementary products include savings, IRAs, term share certificates, auto loans (from 4.49% APR), home loans (Conventional, FHA, VA, Jumbo, manufactured home), HELOCs, eco loans, personal loans, payday alternative loans, boat/RV and motorcycle loans, commercial real estate loans, two credit card products (Epic Rewards, Platinum Visa), wealth management through LPL Financial, an in-house insurance agency (Forward Member Solutions) and Medicare planning.

Name

OceanAir Federal Credit Union

Legal name

OceanAir Federal Credit Union

Website

https://oceanair.org

Company type

Private

Founded year

1952

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Credit Unions (52213), Credit Unions (522130)

SIC

Savings Institution, Federally Chartered (6035)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Retail banking services
• Consumer lending products
• Mortgage loan origination
• Commercial real estate lending
• Wealth management services

Headquarters

HQ city

Oxnard

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest earned on consumer loans (auto, personal, mortgages), commercial real estate loans, and credit cards. Loan products include fixed-rate and variable-rate options with competitive APRs ranging from 4.49% for auto loans to 18% for Epic Rewards credit card.
2. Deposit Interest Spreads: Earnings from the spread between interest paid on member deposits (savings, checking, CDs, IRAs) and interest earned on loans and investments
3. Account and Transaction Fees: Monthly maintenance fees for checking accounts ($4-$19/month depending on account type), ATM fees, wire transfer fees ($10-$70), overdraft fees ($30-$35), and various service fees including notary, statement copies, and stop payments
4. Insurance Products: Commission revenue from insurance products including auto, home, life, business, Medicare planning offered through partnered carriers (Kemper, Travelers, Nationwide, Safeco, Hartford, CSE Insurance Group)
5. Payment Processing: Revenue from MONA Payment Solutions partnership for debit and credit card processing, ACH payments, and mobile payments for business members
6. Vehicle Registration Services: Fees for California DMV services including registration renewals, title transfers, and vessel registration at discounted rates for members

Pricing tiers

Go-to-market motion3 records

Distribution channels9 records

Marketing channels10 records

Core offering

OceanAir Federal Credit Union is a member-owned, federally chartered credit union that provides retail and small-business banking products to individuals and businesses in Ventura County, California. Its core offering includes tiered checking and savings accounts, consumer and commercial loans (auto, mortgage, HELOC, personal, boat/RV, motorcycle, Eco, commercial real estate), credit cards, wealth management, insurance, Medicare planning, vehicle registration services, and digital/mobile banking supported by a four-branch network and the CO-OP shared branching cooperative.

Product overview

OceanAir Federal Credit Union (formerly CBC Federal Credit Union) offers a comprehensive suite of financial products organized around its Epic-branded checking account family. The core product line centers on tiered checking accounts (Basic, Epic, Epic Premium, Epic Student, Epic Business, Epic Business Premium) that serve as the foundation for member engagement, with each tier adding incremental benefits like identity theft protection, rate discounts, and debit card rewards. These checking products integrate with complementary services including savings accounts, IRAs, Term Share Certificates, and the Pennies With A Purpose round-up program. The lending portfolio includes auto loans, home loans (conventional, FHA, VA, Jumbo), HELOCs, personal loans, Eco Loans for home improvements, and business/commercial real estate loans. Credit offerings comprise Platinum Visa and Epic Rewards credit cards. Value-added services include Wealth Management (via LPL Financial), Insurance Services, Medicare Planning, Vehicle Registration Express, Buy Now Pay Later, Carefull financial safety, Mobile/Online Banking, and CO-OP Shared Branching. The company also provides educational resources through Financial Cents and community engagement via the Epic Vibes referral program.

Differentiator

Problem solved

Functional benefit

Brands

• Epic Checking: A checking account suite offering identity theft protection, recovery services, money-saving perks, roadside assistance, cell phone protection, and access to Epic Perks (powered by BaZing).
• Epic Premium Checking
• Epic Student Checking
• Epic Business Checking
• Epic Business Premium Checking
• Epic Checking
• Basic Checking
• Epic Rewards
• Platinum Visa
• Eco Loans
• Carefull
• Pennies With A Purpose
• Buy Now, Pay Later (BNPL)

Products and services

• Epic Checking Tiered checking account with identity theft reimbursement insurance, roadside assistance, cell phone protection, and Epic Perks access, priced at $8/month.
• Epic Premium Checking Premium checking account with all Epic Checking perks plus loan rate discounts, debit rebates, extended warranty, and enhanced dividend rates.
• Epic Student Checking Student checking account with rate discounts, roadside assistance, cell phone protection, and Epic Perks access.
• Epic Business Checking Business checking account with tiered APY up to 3.000% on balances above $250K and bundled identity/roadside/cell phone protection.
• Epic Business Premium Checking Premium business checking account with higher limits and expanded perks compared to Epic Business Checking.
• Basic Checking Entry-level checking account with Visa debit, online banking, free eStatements, and CO-OP ATM access.
• Share Savings Account Basic share savings account that establishes credit union membership, pays dividends, and is NCUA-insured up to $250,000.
• Individual Retirement Accounts (IRAs) Traditional or Roth IRA products with terms from 6 months to 5 years and $500 minimum deposit.
• Term Share Certificates Fixed-rate share certificates with terms from 3 months to 5 years and Epic Premium bonus rates.
• Auto Loans New and used auto loans with rates as low as 4.49% APR, terms up to 84 months, and 100%+ financing.
• Eco Loans Personal loans for environmentally friendly home improvements such as roofing, solar, HVAC, and energy-efficient windows.
• Personal Loans Fixed-rate closed-ended personal loans for any purpose with terms of 12 to 60 months.
• Personal Line of Credit Revolving personal line of credit with a 15.00% APR variable rate.
• Boat & RV Loans Financing for motorhomes, travel trailers, boats, and personal watercraft with terms up to 180 months.
• Motorcycle Loans Motorcycle loans with up to 125% financing and competitive fixed rates.
• Payday Alternative Loan (PAL) Affordable small-dollar alternative to high-interest payday loans ranging from $200 to $2,000.
• Home Loans Comprehensive mortgage offerings including Conventional, FHA, VA, Jumbo, Home Equity, and Manufactured Home loans.
• Home Equity Line of Credit (HELOC) Variable-rate home equity line of credit with a promotional 3.49% APR for 12 months and CLTV up to 90%.
• Commercial Real Estate Loans Commercial real estate lending with personalized service for property investors and developers.
• Platinum Visa Credit Card Low-rate Visa credit card with no annual fee and 0% intro APR balance transfers.
• Epic Rewards Credit Card Rewards Visa credit card with category-based points earning and no annual fee.
• Wealth Management Investment advisory and financial planning services delivered through LPL Financial representatives.
• Insurance Services Multi-line insurance agency distributing personal and commercial coverage through partner carriers.
• Medicare Planning Medicare plan comparison and enrollment assistance via carrier partnerships.
• Vehicle Registration Express Services California DMV vehicle registration, title transfer, and release of liability services at the Camarillo branch.
• Buy Now, Pay Later Debit-card BNPL allowing installment payments on eligible purchases of $100–$2,500 at 15% APR with no credit check.
• Carefull Financial Safety Service Financial safety service offering identity theft insurance, monitoring, fraud consultation, and scam detection for members.

Quantifiable outcome

• Reduced ransomware recovery time from industry average of 22 days to hours with Halcyon deployment
• +4 more outcomes

Named customers18 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature5 records

Partnerships

19 partnerships are on record, tiered core and minor.

• HalcyoncoreTechnology or Integration · 26 May 2026Halcyon provides ransomware protection platform specifically designed for credit unions. OceanAir deployed this solution to address gaps in existing security infrastructure including EDR, network monitoring, and backup systems not designed for ransomware. The platform enables real-time detection of ransomware-specific behavioral indicators and data exfiltration prevention, reducing recovery time from 22 days to hours and eliminating NCUA breach notification triggers.
• BaZingcoreTechnology or IntegrationBaZing powers the Epic Perks mobile application providing local merchant deals, fuel rewards, pharmacy/vision/hearing savings, and various discounts for Epic Checking account holders. BaZingBIZ provides similar services for Epic Business Checking accounts.
• LPL FinancialcoreImplementation/ SI/ Consulting PartnerLPL Financial is a registered investment advisor and broker-dealer (FINRA/SIPC member) providing securities and advisory services through OceanAir Wealth Management. Dustin Tondreau and team serve as LPL registered representatives offering retirement planning, estate planning, and financial planning services to members.
• MONA Payment SolutionscoreTechnology or IntegrationMONA Payment Solutions (Arrow Servers) provides payment processing services including debit and credit card processing, ACH payments, and mobile payments for OceanAir business members.
• CO-OP Shared BranchingcoreChannel Partner/ Reseller/ DistributorCO-OP Credit Union Shared Branching network enables OceanAir members to conduct transactions at 5,600+ shared branching locations and access 30,000+ ATMs nationwide. OceanAir also welcomes members from other credit unions for shared branching services.
• KemperminorChannel Partner/ Reseller/ DistributorKemper is one of the insurance carriers partnered with OceanAir Insurance Agency to provide auto, home, and property coverage options to members.
• TravelersminorChannel Partner/ Reseller/ DistributorTravelers is one of the insurance carriers partnered with OceanAir Insurance Agency to provide personal and commercial coverage options to members.
• NationwideminorChannel Partner/ Reseller/ DistributorNationwide is one of the insurance carriers partnered with OceanAir Insurance Agency to provide personal and commercial coverage options to members.
• SafecominorChannel Partner/ Reseller/ DistributorSafeco is one of the insurance carriers partnered with OceanAir Insurance Agency to provide auto and home coverage options to members.
• HartfordminorChannel Partner/ Reseller/ DistributorHartford is one of the insurance carriers partnered with OceanAir Insurance Agency to provide commercial and business coverage options to members.
• CSE Insurance GroupminorChannel Partner/ Reseller/ DistributorCSE Insurance Group is one of the insurance carriers partnered with OceanAir Insurance Agency to provide specialized coverage options to members.
• United Health CareminorChannel Partner/ Reseller/ DistributorUnited Health Care is partnered with OceanAir Insurance Agency for Medicare plan comparison and enrollment services for members.
• AetnaminorChannel Partner/ Reseller/ DistributorAetna is partnered with OceanAir Insurance Agency for Medicare plan comparison and enrollment services for members.
• Blue ShieldminorChannel Partner/ Reseller/ DistributorBlue Shield is partnered with OceanAir Insurance Agency for Medicare plan comparison and enrollment services for members.
• HumanaminorChannel Partner/ Reseller/ DistributorHumana is partnered with OceanAir Insurance Agency for Medicare plan comparison and enrollment services for members.
• AnthemminorChannel Partner/ Reseller/ DistributorAnthem is partnered with OceanAir Insurance Agency for Medicare plan comparison and enrollment services for members.
• United Way of Ventura CountycoreStrategic or Co-development PartnerUnited Way of Ventura County is OceanAir's charitable partner for the Pennies With A Purpose program. OceanAir matched donations up to $1,500 through April 30, 2026, supporting United Way's 80th anniversary and programs including Women United scholarships and VITA free tax preparation.
• CarefullcoreTechnology or IntegrationCarefull provides all-in-one financial safety service for OceanAir members including $1 million identity theft insurance, home title monitoring, account aggregation, fraud consultation, scam detection tools, and family account monitoring at no additional cost.
• Forward Member SolutionscoreTechnology or IntegrationForward Member Solutions, LLC is a subsidiary of Members of OceanAir Insurance providing life insurance products and vehicle registration services. Holds California Insurance License #6004668 and DMV O.L. License #40912.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Golden 1 Credit Union: California's largest state-chartered credit union offering consumer and business banking, lending, and insurance products across the state. Most direct community-credit-union peer with similar product breadth and member-owned cooperative structure.
• Kinecta Federal Credit Union: Southern California federally chartered credit union with consumer lending, mortgages, and wealth management. Overlapping member demographic and product mix, similar scale bracket.
• SchoolsFirst Federal Credit Union: Large California credit union serving school employees and their families, with full consumer banking, lending, and wealth management services. Comparable federally chartered structure and community-membership orientation.
• California Coast Credit Union: Southern California credit union serving San Diego and Orange County with consumer banking and lending products. Comparable regional community credit union model and product depth.
• Wescom Credit Union: Southern California credit union serving multiple employer groups with consumer banking, lending, and investment services. Comparable cooperative model and retail-banking product suite.
• Logix Federal Credit Union: Southern California credit union offering consumer and business banking with multiple branches across Los Angeles and Ventura-adjacent counties. Directly comparable geographic and product positioning.

Broad incumbents

• First Tech Federal Credit Union: Large federally chartered credit union serving technology industry employees nationwide. Comparable federally chartered structure and full-service banking, but materially larger asset base and broader geographic reach.
• Navy Federal Credit Union: The largest U.S. credit union, federally chartered, serving military members and families. Comparable federally chartered structure and full product suite, but vastly larger scale and national brand.

Regional players

• Patelco Credit Union: Bay Area federally insured credit union with consumer lending, deposits, and wealth services. Comparable scale bracket and product breadth, though serving a different California geography.
• Provident Credit Union: Bay Area credit union offering full-service consumer banking and lending. Comparable cooperative structure but operates in a different California region, useful for product-line benchmarking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/oceanair_cu
• LinkedInlinkedin.com/company/oceanairfcu

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OceanAir Federal Credit Union