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Business Details
50+ Years
experience
Your Trusted Financial Partner in Olean, NY
Established in 1952, Olean Teachers & Postal Credit Union has served as a member-owned, not-for-profit financial institution dedicated to enhancing the financial well-being of our community. Governed by a volunteer Board of Directors elected by members, we prioritize personalized service and innovative financial solutions tailored to meet diverse needs. Our commitment to excellence is reflected in our comprehensive range of products, including competitive loan programs, savings vehicles, and digital banking tools designed for convenience. With a focus on financial education and community engagement, we strive to empower members through accessible, transparent, and ethical practices. Our team of experienced professionals works diligently to ensure every member receives individualized attention and support for achieving their financial goals.

Backed by federal insurance and operating under strict regulatory compliance, we maintain the highest standards of security and trustworthiness. Through strategic growth and technological advancements, we continue to adapt to evolving member needs while preserving our core values of integrity and service. Our membership eligibility extends to residents, workers, and businesses in Cattaraugus County and select government employees, fostering a strong local connection. By reinvesting earnings into member benefits and community initiatives, we uphold our mission to deliver exceptional value and financial empowerment. As a cooperative financial institution, we remain steadfast in our dedication to improving the economic health of the communities we serve.
Services
Car Loans Personal Loans Share Certificates Savings Accounts Checking Accounts Home Improvement Loans Overdraft Protection Debt Protection Payroll Deduction ATM Services
Details
  • Year established: 1952
Highlights and features
  • We offer NCUA-insured accounts with up to $250,000 federal protection
  • Our local decision-making ensures personalized loan approvals
  • We provide competitive rates on share certificates and loan products
  • Our membership eligibility includes community-based criteria
  • We maintain transparent fee structures and member-centric policies
Associations and certifications
  • National Credit Union Administration (NCUA)
Services
Car Loans
We provide competitive auto loans for new, used, and recreational vehicles through local dealership partnerships. Our rates start as low as 4.49% APR with flexible terms up to 60 months. No kickbacks to dealers ensure transparent pricing for members.
Personal Loans
Unsecured loan options available up to $10,000 with terms from 24 to 60 months. Competitive rates starting at 4.49% APR for qualified borrowers with flexible repayment options through payroll deduction or monthly payments.
Share Certificates
Fixed-rate savings options with terms from 12 to 60 months. Minimum deposit of $500 required, with current rates up to 3.75% APY. No additional deposits allowed during term.
Savings Accounts
Basic savings membership accounts with $5 share purchase requirement. Earn dividends on average daily balances with no monthly fees. Minimum $100 average balance required for stated yields.
Home Improvement Loans
Specialized loans up to $7,500 for home upgrades with terms up to 60 months. Rates starting at 6.25% APR, offering predictable monthly payments for remodeling projects.
People
Rita M. Malone
Manager/Treasurer
Overseeing daily operations and financial management with 15+ years of credit union experience. Committed to member service excellence and community financial education initiatives.
Sherry M. Witruke
Assistant Manager
Supporting branch operations and loan processing with decade-long tenure. Focuses on personalized member assistance and financial product education.
Anthony Kopko
Board President
Leading volunteer governance with strategic vision for institutional growth and member advocacy. Ensures policy alignment with community financial needs.
David Lasky
Supervisory Committee Chair
Overseeing compliance and risk management protocols. Provides independent oversight to maintain financial integrity and regulatory adherence.
Questions
What are the membership requirements?
Eligibility includes living, working, or attending school in Cattaraugus County, NY, or being a postal/government employee in specified counties. Spouses and family members of eligible members also qualify.
How do I open an account?
Complete a membership card with $6 deposit ($5 share + $1 fee) and provide valid ID. Maintain activity through regular deposits or payroll deductions.
Are my deposits insured?
Yes, all accounts receive federal insurance up to $250,000 through the National Credit Union Administration (NCUA), a U.S. government agency.
What loan terms do you offer?
Loan terms range from 24 to 60 months depending on type. Current rates start at 4.49% APR for qualified borrowers with flexible repayment options.
Do you have after-hours services?
Lost card assistance available 24/7 via 866-374-6975. Regular business hours are Monday-Friday 9am-5pm (summer hours 8am-4pm).