Olean Area Federal Credit Union

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A short history of Olean Area FCU

Since its inception in 1972 the Olean Area Federal Credit Union has been serving its members in the Olean, New York area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Brian Snyder, the Olean Area FCU has grown its membership to over 17,845 with assets of more than $268,351,285. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (716) 372-6607 or email them at cumail@oleanfcu.com to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Olean, NY.

General Information For Olean Area FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 21083
Address 1201 Wayne St 
City Olean 
State New York 
Zip-Code 14760
Phone Number (716) 372-6607
Fax Number (716) 373-1973
Email Address: cumail@oleanfcu.com
CEO/President Brian Snyder
Members 17,845 
Full-Time Employees 52 
Part-Time Employees
Number of Branch Offices
Total Assets 268,351,285 
Website http://oleanareafcu.org 

Compare Olean Area Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Olean Teachers' And Postal CU OLEAN TEACHERS' & POSTAL FEDERAL CREDIT UNION 1700 CONSTITUTION AVE 14760 (716) 373-0155 No 1.71
Enchanted Mountains CU Allegany Community FCU 180 W Main St 14706 (716) 373-2482 No 4.29
Bradford Area School Employees CU Office 125 Main St Rm 206 16701 (814) 368-5595 No 14.69
Bradford Area CU Bradford Area Federal Credit Union 11 E Washington st 16701 (814) 362-6779 No 14.83
C C S E CU CCSE ELLICOTTVILLE BRANCH 37 BRISTOL LANE 14779 (716) 699-1004 No 16.97

Olean Area Federal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Olean Area Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.50 2.15 1.90 3.50 3.50
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 297 46 16 72 56
Rank Among All New York Credit Unions 51 16 5 19 20

Olean Area Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.35 0.75 1.00 1.14
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 81 32 174 141
Rank Among All New York Credit Unions N/A 23 7 34 28
Olean Area Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.5002,1474,215,618
All Other Unsecured Loans/Lines of Credit 4.2503,00713,211,603
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.15091213,520,197
Used Vehicle Loans 1.9002,23026,273,446
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.5001,38580,970,296
Total Other Real Estate Loans/Lines of Credit 3.5002567,731,258
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.00056215,684,052
TOTAL LOANS & LEASES 10,499161,606,470

Olean Area Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 11610,458,8858640,840
    b. 15 Years or less 80136,369,025454,404,300
    a. > 15 years 121,774,6033762,500
    b. 15 Years or less 21910,888,4327370,000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 803,786,27000
Adjustable Rate > 1 yr 15717,693,081132,501,833


Closed-End Fixed Rate 781,958,79411494,800
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1744,963,80310490,500
Open-End Fixed Rate 4808,6612251,000
TOTALS 1,64188,701,554999,915,773


Interest Only & Payment Option 1st Mortgage Loans 129,1180
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Olean Area Federal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes