Ocean State CU expands team

Ocean State Credit Union added two senior leaders on April 14, naming Kevin Williamson director of accounting and Megan M. Johnson director of commercial lending. (prnewswire.com) Williamson joined from Webster First Federal Credit Union in Worcester, Massachusetts, where he had served as assistant vice president of finance and vice president of risk management, Ocean State Credit Union said. He will oversee accounting operations, financial reporting and internal financial systems. (prnewswire.com) Johnson joined as commercial lending director with 19 years of banking, commercial lending and business development experience, according to the credit union. Ocean State Credit Union’s commercial lending page already lists her as the contact for commercial real estate, term loans and lines of credit. (prnewswire.com) (oceanstatecu.org) The hires come as the Rhode Island credit union is operating at a larger scale than a community lender of its size carried a few years ago. As of Dec. 31, 2025, Ocean State Credit Union reported $341.8 million in assets, $282.3 million in loans and 21,971 members, with a net worth ratio of 11.65%. (ibanknet.com) Those numbers help explain why accounting and commercial lending are getting dedicated leadership. A growing loan book needs tighter forecasting, budgeting and risk controls, while business lending needs staff focused on underwriting, relationship management and treasury-style services for companies. (prnewswire.com) (ibanknet.com) Ocean State Credit Union has also been expanding its physical reach in Rhode Island. Its branch listings include a Providence office at 40 Westminster Street, alongside locations in Coventry, Warwick, West Warwick and North Kingstown. (oceanstatecu.org 1) (oceanstatecu.org 2) The senior management page still lists Michael R. Garvey as chief executive officer and chief financial officer and Amanda K. Phillips as chief operating officer. The two new director appointments add depth below that top layer as the credit union pushes further into business banking. (oceanstatecu.org 1) (oceanstatecu.org 2) For members and local businesses, the immediate change is simple: Ocean State Credit Union is putting named executives in charge of the money-moving back office and the commercial loan pipeline at the same time. (prnewswire.com)