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National Credit Union Service Organization

OLEAN TEACHERS' AND POSTAL FEDERAL CREDIT UNION

Dec, 31, 2023 — OLEAN TEACHERS' AND POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in OLEAN, NY with 1 branch location and about $25.12 million in total assets. Opened 72 years ago in 1952, OLEAN TEACHERS' AND POSTAL FEDERAL CREDIT UNION has about 1,659 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:OLEAN TEACHERS' AND POSTAL FEDERAL CREDIT UNION
Address:
(Main Office)
1700 CONSTITUTION AVE
OLEAN, NY 14760
Phone:(716) 373-0155
Fax:(716) 373-1593
Website:https://otpfcu.com
Branches:1 branch locations
Members:1,659
Credit Union Type:Federal Credit Union
Charter Number:7656
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1952
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$25,118,273
CEO/Manager:Patricia N Sander
Chairperson:Anthony C Kopko

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 5,990,528
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 2,518,475
 Unsecured Loans 579,435
 Other Loans 4,198,950
 TOTAL LOANS 7,296,860
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -70,900
 Land And Building 203,526
 Other Fixed Assets 19,176
 NCUSIF Deposit 233,712
 All Other Assets 0
  TOTAL ASSETS 25,118,273
LIABILITIES & CAPITAL:  
 Dividends Payable 4,107
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 94,553
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,301,062
 Regular shares 17,348,623
 All Other Shares & Deposits 1,203,841
  TOTAL SHARES & DEPOSITS 22,853,526
  TOTAL LIABILITIES 22,952,186
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 2,166,087
  TOTAL EQUITY 2,166,087
  TOTAL LIABILITIES, SHARES, & EQUITY 25,118,273
INCOME & EXPENSE  
 Loan Income 299,625
 Investment Income 461,252
 Other Income 29,663
 Total Employee Compensation & Benefits 322,353
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 174,942
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 23,393
 Cost of Funds 52,367
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 232,090
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