The Olean Teachers and Postal Federal Credit Union was chartered in 1952. It is a not-for-profit financial institution owned and controlled by the members and is operated for your benefit through a Board of Directors elected by the members. The Board of Directors is the policy making and the governing body of the Credit Union.
It is the Olean Teachers’ and Postal Federal Credit Union's mission to serve our member’s by providing them with outstanding service, advanced products, and convenience.
|Patricia N. Sander||Manager|
|Sherry M. Witruke||Asst. Manager|
|Board of Directors|
|Gerald Trietley||Vice President|
|Rondald F. Dapolito||Treasurer|
|William Andrew Jubera|
|Thomas C. Potter|
Persons who live, work, worship, or attend school in, and businesses and other legal entities located in Cattaraugus County, NY.
Employees of the United States Postal Service, United States Government and the State of New York who work in Cattaraugus County and Allegany County, NY
And also included are souses of persons who died while within the field of membership of this Credit Union, employees of this Credit Union, volunteers in the community, members of their immediate family or household, and organizations of such persons.
To be eligible to join the Olean Teachers and Postal Federal Credit Union, you must fill out a membership card, which we keep on file at the credit union office. You may elect to have a single name account or a joint account. If you elect to have your spouse as your joint member you cannot remove their name unless they agree to have it removed by signing off the account.
A $6.00 deposit is required to open your account, which purchases one credit union share in the amount of $5.00 and a $1.00 membership fee. The $5.00 remains in your account until you with to close it permanently. We do ask that you keep your account active either through payroll deduction or regular deposits.
To help the government fight the funding of terrorism and money laundering activities, Federal Law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account
When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to scan your drivers license or other picture identification documents for our photo identification program.
Thanks for you understanding and help in this critical effort. The war on terrorism will be fought on many fronts, and this is one of them.