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A True Community Financial Institution

OCONEE FEDERAL SAVINGS AND LOAN ASSOCIATION is the continuation and outgrowth of the Seneca Building and Loan Association, which was chartered by the State of South Carolina in February 1924.

In 1958, we changed our name to OCONEE SAVINGS AND LOAN ASSOCIATION when our first branch office was opened in Walhalla. In 1992, our Association was issued a federal charter, at which time we changed the name to OCONEE FEDERAL SAVINGS AND LOAN ASSOCIATION.

In 2011, the Association completed a mutual-to-stock conversion, creating OCONEE FEDERAL FINANCIAL CORP. and OCONEE FEDERAL, MHC. Oconee Federal Financial Corp. is a federally-chartered corporation that was formed to be the mid-tier stock holding company for Oconee Federal Savings and Loan Association. Oconee Federal, MHC is a federally-chartered mutual holding company formed to be the mutual holding company of Oconee Federal Financial Corp. Oconee Federal Savings and Loan Association is a wholly-owned subsidiary of Oconee Federal Financial Corp.

In 2014, the Association entered a merger agreement with Stephens Federal Bank, a Toccoa, GA-based mutual savings bank in business since 1933. The acquisition added Stephens Federal’s three offices in Toccoa and Clayton, GA, to our four existing branches. Our main office location is in Seneca, SC. Please see our Locations page for a complete list of our offices.

Financial Strength

Oconee Federal is a very sound, well-established financial institution. We are regulated and routinely examined by the Office of the Comptroller of the Currency and currently exceed all regulatory capital requirements. Click here to view financial data about us on the FDIC website.

Oconee Federal continues to earn BauerFinancial’s 5-Star Superior Rating. This rating means Oconee Federal is among the strongest financial institutions in the country. Click here for more information.

OFED LogoInvestor Information

Oconee Federal Savings and Loan Association is a wholly owned subsidiary of Oconee Federal Financial Corp. For information about Investor Relations, click here.

We’re Mortgage Specialists

Let Oconee Federal help you purchase, build, or refinance your home with competitive rates and unbeatable service.

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Banking At Your Fingertips

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