High Point Federal Credit Union
High Point Federal Credit Union
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 846th largest credit union in the nation. It was established in 1972 and as of December of 2024, it had grown to 81 employees and 20,220 members at 6 locations. High Point Federal Credit Union 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
Health
B+
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 21083 |
| Year Chartered | 1972 |
| Employees | 81 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.37% |
| Return on Equity - YTD | 3.61% |
| Annual Interest Income | $14.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $401.8MM$406.1MM |
| Loans | Q4 2024vs Q4 2023 | $191.5MM$194.2MM |
| Deposits | Q4 2024vs Q4 2023 | $353.6MM$360.8MM |
| Equity Capital | Q4 2024vs Q4 2023 | $41.2MM$37.1MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $2MM$2.2MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $2MM$783K |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |