Overview / Commentary
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 850th largest credit union in the nation. It was established in 1972 and as of March of 2025, it had grown to 86 employees and 20,371 members at 6 locations. High Point Federal Credit Union has an A 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
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 21083 |
| Year Chartered | 1972 |
| Employees | 86 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.36% |
| Return on Equity - YTD | 3.29% |
| Annual Interest Income | $3.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $407.3MM$401.9MM |
| Loans | Q1 2025vs Q1 2024 | $191.1MM$187.2MM |
| Deposits | Q1 2025vs Q1 2024 | $356.5MM$356.9MM |
| Equity Capital | Q1 2025vs Q1 2024 | $44.1MM$37MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $2MM$2.1MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $1.7MM$753K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |