Olean Area Credit Union

Olean Area Credit Union is headquartered in Olean and is the 43^rd largest credit union in the state of New York. It is also the 832^nd largest credit union in the nation. It was established in 1972 and as of December of 2012, it had grown to 49 employees and 19,410 members. Olean Area Credit Union's savings rates are 2X the national average, and it boasts a 5-star health rating.

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Olean Area Credit Union Savings Account Rates

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Olean Area Credit Union CD Rates

Data for Q4 2012

Institution Statistics OLEAN AREA NCUA # 21083 BankRate Report View Year Chartered 1972 Employees 49 Primary Regulator Assets and Liabilities Assets $223.74 million Loans $161.63 million Deposits $196.23 million Equity Capital $27.10 million Loan Loss Allowance $2.58 million Unbacked Noncurrent Loans $1.80 million Real Estate Owned $213,000 Historic Data - December 2011 Assets $208.94 million Equity Capital $23.97 million Loan Loss Allowance $1.94 million Unbacked Noncurrent Loans $2.00 million Real Estate Owned $44,000 Profit Margin - Quarterly Net Interest Margin 4.52% Return on Assets 1.28% Return on Equity 10.56% Interest Income $9.52 million Non-Interest Income $2.00 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Olean Area Credit Union had $2.02 million in non-current loans and owned real-estate with $29.68 million in equity and loan loss allowances on hand to cover it. This gives Olean Area Credit Union a Texas Ratio of 6.80% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Olean Area Credit Union held steady from 7.87% as of December 31, 2011 to 6.80% as of December 31, 2012, resulting in a positive change of 13.70%.This indicates that the balance sheet and financial strength for Olean Area Credit Union has held steady in recent periods. Deposit Growth In the past year, Olean Area Credit Union has increased its total deposits by $11.72 million, resulting in 6.35% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Olean Area Credit Union has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Olean Area Credit Union has $223.74 million in assets with $29.68 million in equity, resulting in a capitalization level of 13.27%, which is excellent.