Olean Area Federal Credit Union is a not-for-profit, financial cooperative owned and operated by our members. For more than 40 years, we have provided excellent service and financial opportunities to our members. From checking, savings and share certificates to our low rate installment, home and mortgage loans as well as credit cards and business products and services.
Founded in 1972, Olean Dresser Clark Federal Credit Union’s first members were employees of Dresser Clark. In 1991 the credit union converted to a community charter, which remains today.
For sentimental reasons “Dresser Clark” continued to be included in our name long after the company ceased to exist. To more accurately reflect our field of membership, our name was changed to Olean Area Federal Credit Union on February 19, 2002. Although we were very proud of our prior name, a name change was long overdue.
On June 11, 2018 we merged with Enchanted Mountains Federal Credit Union, giving us our third location in Allegany, NY. The office is full service and houses a depository ATM.
On July 17, 2020 our field of membership grew to include anyone who lives, works, worships, or attends school in Allegany and Cattaraugus Counties, NY and McKean and Potter Counties, PA. As well as their immediate family members, businesses and organizations.
In February 2021 we opened a new branch location located at 160 South Main Street, Portville, NY. This newest branch, offers full service options as well as a 24-hour walk-up and drive-thru ATMs.
Olean Area Federal Credit Union is currently one of the largest and most respected full-service Credit Unions in Western New York. Thanks to the support and trust of our members, we continue to provide the same quality financial services to our membership that we have for over 40 years.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
The drum of the realization of the promise is beating, we are sweeping the road to the sky. Your joy is here today, what remains for tomorrow? The armies of the day have chased the army of the night...
NMLS 1795154