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 June of 2024, it had grown to 80 employees and 20,196 members at 6 locations. High Point Federal Credit Union has a B+ health rating.
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
| Overall | |
|---|---|
| NCUA # | 21083 |
| Year Chartered | 1972 |
| Employees | 80 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.37% |
| Return on Equity - YTD | 3.93% |
| Annual Interest Income | $7.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2024vs Q2 2023 | $397.4MM$402MM |
| Loans | Q2 2024vs Q2 2023 | $186.9MM$197.1MM |
| Deposits | Q2 2024vs Q2 2023 | $351.9MM$366.8MM |
| Equity Capital | Q2 2024vs Q2 2023 | $37.6MM$32.7MM |
| Loan Loss Allowance | Q2 2024vs Q2 2023 | $2MM$2.4MM |
| Unbacked Noncurrent Loans | Q2 2024vs Q2 2023 | $1MM$804K |
| Real Estate Owned | Q2 2024vs Q2 2023 | $0$0 |
Rates for High Point Federal Credit Union are currently being reviewed.
| High Point Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 1201 Wayne St | Olean, NY 14760 |
| Branch Office | 206 N Clark St | Olean, NY 14760 |
| Branch Office | 180 W Main St | Allegany, NY 14706 |
| Branch Office | 160 S Main St | Portville, NY 14770 |
| Corporate Office | 234 Homer St | Olean, NY 14760 |
| Branch Office | 1035 W Main St | Bradford, PA 16701 |