1201 Wayne St
Olean, NY 14760
Olean Area is an NCUA insured institution located in Olean, NY. It was founded in 1972 and has approximately $303.81 millions in assets.
Who can join?
Persons who live, work, worship, or attend school in the City of Olean and the following Cattaraugus County townships: Ellicottville, Franklinville, Lyndon, Ischua, Humphrey, Great Valley, Little Valley, Allegany, Hinsdale, Portville, Olean, Knapp Creek, and Weston Mills. Also, employees of Heritage Cutlery, Inc., a subsidiary of Lunt Silversmiths, who work in Bolivar, New York, are eligible for membership.
NCUA Insured | Yes |
Charter Number # | # 21083 |
Date Established | 1972 |
Assets | $303.81 million |
Loans | $177.65 million |
Deposits | $256.52 million |
Capital | $45.67 million |
Your Current Location: Connecticut, CT 06828
Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
---|---|---|---|---|
|
0.15% | $300 | $9,999 | Learn More |
Money Market
|
0.20% | $2,500 | $9,999 | Learn More |
Money Market
|
0.25% | $10,000 | $24,999 | Learn More |
Money Market
|
0.30% | $25,000 | $49,999 | Learn More |
Fixed IRA Rates | APY | MIN | MAX | |
---|---|---|---|---|
Fixed IRA
|
0.75% | $500 | - | Learn More |
CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
---|---|---|---|---|
3 Mo CD
|
0.25% | $500 | - | Learn More |
6 Mo CD
|
0.50% | $500 | - | Learn More |
Special: 9 Mo CD
|
1.49% | $500 | - | Learn More |
Special: 12 Mo CD
|
1.00% | $25 | $3,000 | Learn More |
12 Mo CD
|
0.75% | $500 | - | Learn More |
Special: 18 Mo CD
|
2.05% | $500 | - | Learn More |
18 Mo CD
|
0.75% | $500 | - | Learn More |
24 Mo CD
|
1.00% | $500 | - | Learn More |
30 Mo CD
|
1.00% | $500 | - | Learn More |
36 Mo CD
|
1.15% | $500 | - | Learn More |
48 Mo CD
|
1.25% | $500 | - | Learn More |
60 Mo CD
|
1.50% | $500 | - | Learn More |
Variable IRA Rates | APY | MIN | MAX | |
---|---|---|---|---|
Var IRA
|
0.75% | $50 | - | Learn More |
Your Current Location: Connecticut, CT 06828
There are currently no loan rates available for OLEAN AREA
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
---|---|---|---|---|---|---|
![]() NMLS ID: 2890 License#: 13256 |
3.625% | 3.625% | -0.13 | ($222) | $1,141 | Learn More |
![]() NMLS ID: 3030 |
4.919% | 4.875% | 0.00 | $1,250 | $1,324 | Learn More |
![]() NMLS ID: 424182 |
3.537% | 3.500% | 0.50 | $1,162 | $1,123 | Learn More |
![]() NMLS ID: 3030 |
5.034% | 4.990% | 0.00 | $1,250 | $1,341 | Learn More |
Lender | APR (%)? | Monthly Payment? | Learn More |
---|---|---|---|
![]() Figure Home Equity Line |
0.000 %
|
$0 |
Learn More
More Info |
![]() Bethpage Federal Credit Union |
Intro APR 3.990 % After Intro: 5.000 % Intro Period: 12 months |
$25,000 |
Learn More
More Info |
![]() People's United Bank, N.A. |
5.000 %
|
$0 |
Learn More
More Info |
![]() Third Federal Savings and Loans |
3.740 %
|
$0 |
Learn More
More Info |
Note to OLEAN AREA
To upload and update your bank's rates please register.
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Below are Olean Area branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Fairfield,Connecticut
The following ratios and data are available to help you better understand the financial condition of Olean Area. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Olean Area | U.S. Average |
---|---|
1.58% | 5.86 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2019, Olean Area had $756,869 in non-current loans and $8,013 in owned assets. To cover these potential losses it had $45,665,000 in net worth and $2,805,592 in loans loss reserves. That gives it a Texas Ratio of 1.58%.
Olean Area | U.S. Average |
---|---|
15.03% | 13.65% |
Olean Area FCU has a net worth of 15.03% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
A federal credit union, registered with the NCUA under certificate #21083.
Learn more about credit unions here.
No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.
Please see Field of Membership information above for information on who is eligible to join.
Olean Area has total capital of $45.67 million. Full information on Olean Area's financial position is located above.
Credit Unions are owned by their members.
See branch locations nearby.
Compare home equity lines of credit rates here.
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