High Point Federal Credit Union

High Point Federal Credit Union

Overview / Commentary
1201 Wayne St
Olean, NY 14760

High Point Federal Credit Union is headquartered in Olean and is the 39th largest credit union in the state of New York. It is also the 846th largest credit union in the nation. It was established in 1972 and as of March of 2024, it had grown to 81 employees and 20,196 members at 6 locations. High Point Federal Credit Union's money market rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

High Point Federal Credit Union is open to those who live, work, worship, or attend school in the New York counties of Allegany or Cattaraugus, or the Pennsylvania counties of McKean or Potter. Businesses and organizations in those counties are also eligible. Immediate family and household members of current members also qualify for membership.
See current membership details

Reviews (2)

All around Winner

I recently joined the OAFCU, and my experience has been nothing less than stellar from the beginning. I have used many online banking and associated apps before, and these guys take the cake. Their check deposit feature is smooth, quick and effortless. Transferring from checking and savings accounts is a breeze and easy to decipher. Everything is quick and easy, the rates and services are the best i have ever encountered. And unique to them, not personally tried yet, but you can apply for a personal loan right from the mobile site. I would recommend to anyone

Great Credit Union!

Posted by: |

I've been a member for most of my life and I've always been pleased with the service.  I plan to keep my money here in the future. Great rates on auto loans!


That said, there are some improvements that could be made (as of 9/13/10):

1) Interest Rates seem low compared with other credit unions and banks

2) Online banking system works, but could be improved.

3) Incompatible with Mint.com

4) Poor hours for members who work normal 9-5 jobs (only open from 8:30 to 5:30 M-F)


Health Grade Components

NCUA #21083
Year Chartered1972
Primary Regulator
Profit Margin
Return on Assets - YTD0.38%
Return on Equity - YTD4.15%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$401.9MM$405.4MM
LoansQ1 2024vs Q1 2023$187.2MM$187.5MM
DepositsQ1 2024vs Q1 2023$356.9MM$369.5MM
Equity CapitalQ1 2024vs Q1 2023$37MM$33.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$2.1MM$2.4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$753K$543K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
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Always verify rates and promotions with the bank or credit union. We are not High Point Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

High Point Federal Credit Union Savings Account Rates

0.80%$0-IRA Savings
0.27%*$25k*-Primary Savings
OTHER TIERS: 0.20% $300 - $10k | 0.25% $10k - $25k
0.27%*$25k*-Christmas Savings
OTHER TIERS: 0.20% $25 - $10k | 0.25% $10k - $25k
0.27%*$25k*-Youth Share Savings
OTHER TIERS: 0.20% $5 - $10k | 0.25% $10k - $25k

High Point Federal Credit Union Money Market Rates

2.00%*$250k*-Money Market
OTHER TIERS: 0.25% $2.5k - $25k | 0.30% $25k - $50k | 0.35% $50k - $100k | 1.00% $100k - $250k

High Point Federal Credit Union Checking Account Rates

OTHER TIERS: 0.10% $10k+

High Point Federal Credit Union CD Rates

4.50%$500-7 Month CD Special
3.50%$500-15 Month CD Special
0.85%$500-60 Month CD
0.80%$500-48-59 Month CD
0.65%$500-36-47 Month CD
0.60%$500-24-35 Month CD
0.45%$500-12-23 Month CD
0.35%$500-6-11 Month CD
0.25%$500-2-5 Month CD

High Point Federal Credit Union IRA Rates

4.50%$500-7 Month IRA Special
3.50%$500-15 Month IRA Special
0.85%$500-60 Month IRA
0.80%$500-48-59 Month IRA
0.65%$500-36-47 Month IRA
0.60%$500-24-35 Month IRA
0.45%$500-12-23 Month IRA
0.35%$500-6-11 Month IRA
0.25%$500-2-5 Month IRA

High Point Federal Credit Union Locations
Branch Office1201 Wayne StOlean, NY 14760
Branch Office206 N Clark StOlean, NY 14760
Branch Office180 W Main StAllegany, NY 14706
Branch Office160 S Main StPortville, NY 14770
Corporate Office234 Homer StOlean, NY 14760
Branch Office1035 W Main StBradford, PA 16701

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