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Term Share Certificate Laddering

May 4, 2023

Laddering Certificates of Deposit (CDs) or Term Share Certificates that mature at progressively later dates is a popular investment strategy used by many individuals to balance risk and return. It involves investing in multiple Term Share Certificates with different maturity dates, ensuring that a portion of the investment becomes available for withdrawal at regular intervals....

OceanAir Selects Spiral to Empower Financial Wellness and Community Impact Through Everyday Banking

January 8, 2025

OceanAir chooses Spiral to empower its members to effortlessly grow their savings and community impact through personalized banking experiences. NEW YORK--(BUSINESS WIRE)--Spiral, the award-winning personalized banking platform, today announced a partnership with OceanAir (formerly CBC FCU), a leading California-based credit union whose mission is to inspire financial happiness one member at a time. This partnership will enable...

Navigating Financial Milestones with Your Teen: A Guide for Parents

December 28, 2024

As parents, watching your children grow into young adults is both exciting and challenging. One of the most important lessons you can impart is financial literacy. At OceanAir Federal Credit Union, we understand the significance of preparing your teens for financial independence. Here are some tips to help you guide your coming-of-age children through their...

Mortgage Insurance: Your Quick Guide To Different Types And Cost

November 25, 2024

It’s important to understand the costs you’ll be responsible for when you buy a home with a mortgage loan. One of those expenses might be mortgage insurance. We’ll walk you through the different types of mortgage insurance, how it works, how long you’ll have to pay it, the approximate costs and whether you can avoid...

A Message To Our Members

November 7, 2024

In the face of natural disasters or public emergencies, OceanAir Federal Credit Union stands by our members. To support those affected by the Camarillo Mountain Fire, we’ve compiled a list of relief resources, including emergency loans, to help you through this challenging period. RELIEF RESOURCE OPTIONS FOR OUR MEMBERS Emergency Loan Up to $2,500, 1-Year...

OceanAir – Celebrating our Rebrand with Members and our Team

August 16, 2024

We’re thrilled to share a wave of excitement with you all! Our credit union has embarked on a fresh journey with a new name that reflects our heritage and vision: OceanAir. As we release our celebratory video, join us in embracing the future of banking—where tradition meets innovation. Stay tuned, the celebration is just beginning!

What’s a verification code and why would someone ask me for it?

August 16, 2024

When you log into your bank or credit card account, you might get a text message or email with a verification code. You then enter it at the login screen to confirm it’s really you. That’s a form of two-factor authentication that adds a layer of security to your account — and keeps would-be scammers...

FHA Loan 101

May 15, 2024

An FHA loan is a mortgage program issued by private mortgage lenders and insured by the Federal Housing Administration (FHA), which is overseen by the U.S. Department of Housing and Urban Development (HUD). These loans offer several advantages, including: Low Down Payment: FHA loans typically require a down payment as low as 3.5% of the purchase price....

From Service to Home Sweet Home: VA Loans In Depth

May 3, 2024

A VA loan is a government-backed mortgage option available to Veterans, service members, and surviving spouses. These loans are made by lenders, such as mortgage companies, credit unions, and banks, but are backed by the United States Department of Veterans Affairs (VA). Here are some key points about VA loans: No Down Payment Requirement: The...

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