Sep, 30, 2025 — OLEAN TEACHERS' AND POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in OLEAN, NY with 1 branch location and about $25.96 million in total assets. Opened 74 years ago in 1952, OLEAN TEACHERS' AND POSTAL FEDERAL CREDIT UNION has about 1,696 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://www.otpfcu.com |
| Branches: | 1 branch locations |
| Members: | 1,696 |
| 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, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,963,606 |
| CEO/Manager: | Rita M Malone |
| Chairperson: | FRANCES M CLAWSON |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,567,125 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,972,972 |
| Unsecured Loans | 875,691 |
| Other Loans | 6,426,020 |
| TOTAL LOANS | 9,274,683 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,363 |
| Land And Building | 184,498 |
| Other Fixed Assets | 46,096 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 230,409 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,963,606 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,914 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 84,270 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,695,829 |
| Regular shares | 16,797,293 |
| All Other Shares & Deposits | 1,543,133 |
| TOTAL SHARES & DEPOSITS | 23,036,253 |
| TOTAL LIABILITIES | 23,126,437 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 2,837,169 |
| TOTAL EQUITY | 2,837,169 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,963,606 |
| INCOME & EXPENSE | |
| Loan Income | 312,224 |
| Investment Income | 457,192 |
| Other Income | 11,354 |
| Total Employee Compensation & Benefits | 240,409 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 157,895 |
| Non-operating Income & (Expense) | 2,243 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 101,414 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 283,295 |
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