Jun, 30, 2024 — OLEAN TEACHERS' AND POSTAL FEDERAL CREDIT UNION is a federal credit union headquartered in OLEAN, NY with 1 branch location and about $25.21 million in total assets. Opened 72 years ago in 1952, OLEAN TEACHERS' AND POSTAL FEDERAL CREDIT UNION has about 1,926 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: | 1,926 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,213,754 |
| CEO/Manager: | Patricia N Sander |
| Chairperson: | Anthony C Kopko |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,725,554 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,051,997 |
| Unsecured Loans | 622,007 |
| Other Loans | 3,423,655 |
| TOTAL LOANS | 7,097,659 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -31,896 |
| Land And Building | 217,117 |
| Other Fixed Assets | 9,584 |
| NCUSIF Deposit | 229,254 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,213,754 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,263 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 101,057 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,539,950 |
| Regular shares | 17,796,943 |
| All Other Shares & Deposits | 853,943 |
| TOTAL SHARES & DEPOSITS | 23,190,836 |
| TOTAL LIABILITIES | 23,295,156 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 1,918,598 |
| TOTAL EQUITY | 1,918,598 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,213,754 |
| INCOME & EXPENSE | |
| Loan Income | 215,043 |
| Investment Income | 143,446 |
| Other Income | 26,427 |
| Total Employee Compensation & Benefits | 201,900 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 118,664 |
| Non-operating Income & (Expense) | 9 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 18,210 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 71,818 |
| ↑ Back to Top | |