Newsletter & Communications
High Point Federal Credit Union Announces Closure of Clark Street Branch
High Point Federal Credit Union, a trusted provider of financial services in the community for over 50 years, today announced the planned closure of its Clark Street branch, effective September 30, 2025
The decision comes as part of a broader strategic effort to optimize branch operations and better serve members through enhanced digital services and more efficient resource allocation. Over the last ten years there’s been a significant decrease of member traffic due to the closing of several industries in the area, as well as the increased use of digital services and the Portville branch. The Clark Street branch will remain drive-thru only until it’s closing. The current ATM will remain operational until the sale of the building.
“While this was a difficult decision, it reflects our ongoing commitment to meet the evolving needs of our members,” said Richard Yeager, President & CEO. “We’ve seen significant growth in the use of online and mobile banking platforms, and a decrease in member facing traffic at our Clark Street location.”
Members who typically visit the Clark Street branch are encouraged to use nearby branches, including the Portville and Wayne Street locations or access services through digital banking, the mobile app, ATMs and ITMs.
Member accounts and memberships will remain the same. Members can continue to access their accounts through:
- Nearby branches, including 1201 Wayne Street in Olean, and 160 South Main Street in Portville.
- Digital and Mobile Banking platforms
- 24/7 ATMs and ITMs and phone support at 800.854.6052
All employees affected by the closure have been offered positions at other nearby branches or within the credit union, and we are working closely with each individual to support a smooth transition.
“We are grateful for the many years of trust and connection we’ve shared with members at this location,” added Yeager. “Though this chapter is ending, our mission to provide our members personal service and affordable products that meet their financial needs throughout life’s journey.—remains unchanged.”
High Point Federal Credit Union Awards Scholarships to Collegebound Seniors.
Olean, NY – High Point Federal Credit Union has granted $2,500 in college scholarships to five high school seniors to assist them in funding their higher education.
The recipients, who are members of High Point FCU, were selected based on their exceptional academic and extracurricular accomplishments.
Richard Yeager, CEO, spoke about how meaningful it is each year to meet the scholarship recipients and celebrate their hard work and potential. He shared that these moments truly reflect the credit union philosophy of ‘people helping people’, a reminder of the impact that comes from supporting one another and investing in our communities.
The high school seniors who were honored with the scholarships include Sullivan Hoffman and Molly DeRose from Olean High School, Ipshita Patra from Allegany-Limestone High School, Cloey Larabee from Cuba-Rushford High School, and Christopher Osgood from Portville High School.
High Point FCU is the second largest credit union in Western New York, with assets over $400 million. The credit union currently serves over 21,000 members with four locations, 1201 Wayne Street and 206 North Clark Street in Olean, 180 West Main Street in Allegany, 160 S. Main Street in Portville, and 1035 East Main Street in Bradford.
High Point Federal Credit Union celebrates grand opening of Bradford branch with ribbon cutting ceremony.
High Point Federal Credit Union celebrated the grand opening of its Bradford branch, marking a significant milestone in serving the community and residents of McKean County.
The new full-service branch, located at 1035 East Main Street in Bradford features an innovative flex space concept, personal and technology conveniences, three drive-thru lanes and two drive-up Interactive Teller Machines (ITMs.) The new modern atmosphere was designed to serve the needs of the credit union’s growing membership.
Rich Yeager, President & CEO for High Point FCU was joined by members of the Credit Union Board of Directors, staff, community members and building partners, which include CPL (Clark Patterson Lee) and Kinley Contractors, LLC.
“We could not be more excited to open our branch in Bradford. We have a passionate team who strive to continually build trust and bring value to current and future members. We want to make an impact and be the most valued financial resource in the area,” said Yeager. “We could not have done this without the support of our members and the community,” he concluded.
To celebrate the grand opening, the credit union will host a range of promotions during March, April, and May. These promotions will feature specials for new members, as well as offers on auto, personal, and home loans, along with a certificate special.
The Bradford branch marks High Point Federal Credit Union’s fifth branch location and first in Pennsylvania. Additional locations include 1201 Wayne Street and 206 North Clark Street in Olean, 180 West Main Street in Allegany and 160 South Main Street in Portville.
High Point Federal Credit Union’s Bradford Branch slated to open March 17th.
High Point Federal Credit Union’s newest branch office, located at 1035 East Main Street in Foster Brook, is set to open Monday, March 17, 2025. The new full-service branch will provide loan, teller, and membership services, along with two drive-thru Interactive Teller Machines (ITMs).
To celebrate the grand opening, High Point FCU will host a range of promotions during March, April, and May. These promotions will feature specials for new members, as well as offers on auto, personal, and home loans, along with a certificate special.
The open design of the new building reflects the credit union’s dedication to fostering relationships and enhancing the member banking experience. This branch will include open teller stations, private offices, and a consultation area. The thoughtful design and strategic location aim to deepen engagement with members across McKean County and demonstrate a commitment to investing in the local community
High Point Federal Credit Union is the 2nd largest credit union in Western New York, with assets over $400 million. The credit union currently serves over 22,000 members with four locations in Cattaraugus County, NY, 1201 Wayne Street and 206 North Clark Street in Olean, and 180 West Main Street in Allegany and 160 South Main Street in Portville.
HIGH POINT FCU DONATES $7,000 TO LOCAL FOOD PANTRIES
High Point FCU has donated $7,000 to support seven local food pantries in their field of membership during the holiday season. This donation reflects the credit union’s dedication to making a meaningful difference in the lives of their members and exemplifies their community-focused approach to business.
The Olean Food Pantry, Creekside Chapel, Portville Community Food Pantry, Harvest Field Outreach Center, CAC Food Pantry, Salvation Army of Bradford Food Pantry, and Hinsdale Ischua Food Pantry each received $1,000 donations.
“Our commitment to community remains steadfast,” said Rich Yeager, President & CEO. “Through our continued collaboration with local food pantries, we aim to create a lasting impact on those facing food insecurity, reinforcing the strength that comes from people helping people.”
High Point FCU is the 2nd largest credit union in Western New York, with assets of over $400 million. The credit union currently serves over 20,000 members with four branch locations, 1201 Wayne Street and 206 North Clark Street in Olean, 180 West Main Street in Allegany, and 160 South Main Street in Portville.
Rogers named to High Point Federal Credit Union’s Board of Directors.
Olean, NY – High Point Federal Credit Union is pleased to announce the appointment of Dominic Rogers to the organization’s Board of Directors.
Bringing a wealth of expertise from the IT industry, Rogers will contribute significantly to High Point as he begins his new role as a board member.
Currently, Rogers holds the position of Vice President and Director of IT at Cutco Corporation, where he has dedicated over 30 years. His previous board roles include the Renodin Foundation, Jamestown Community College Foundation, and Universal Primary Care. He is also a graduate of Leadership Cattaraugus.
“We are excited to leverage Dominic’s expertise and his knowledge and deep connections within our communities,” said High Point FCU Board Chair Michele Pancio. “I am grateful for all of our board members’ commitment to fulfilling High Point’s mission to provide personal service and affordable products that meet member’s financial needs throughout life’s journey.”
Serving as member advocates, High Point FCU’s volunteer Board of Directors work closely with the credit union’s leadership team to set policy, monitor risk and guide the execution of the organization’s strategic plan.
Rogers is an alumnus of Jamestown Community College, the University of Pittsburgh at Bradford, and St. Bonaventure University. He resides in Olean with his wife, Jennifer. They have two children, Luciano and Mia.
High Point Federal Credit Union Breaks Ground at New Branch in Bradford.
Olean, NY – High Point Federal Credit Union broke ground Wednesday at its future branch location in Bradford, PA. The new branch, located at 1035 East Main Street in Foster Brook, is slated to open during the 1st quarter of 2025. The new full-service branch will feature loan, teller and membership services as well as 24-hour ATM access.
The new location is designed to better accommodate High Point FCU’s growing membership base within the Bradford area.
Rich Yeager, CEO stated, “We are eager to extend our services to our members in this new area and provide affordable financial products to support them on their financial journey. This groundbreaking symbolizes growth, progress, and our commitment to serving this wonderful community.”
High Point FCU Awards Scholarships to Collegebound Seniors
High Point Federal Credit Union has granted $2,000 in college scholarships to four high school seniors to assist them in funding their higher education.
The recipients, who are members of High Point FCU, were selected based on their exceptional academic and extracurricular accomplishments.
Richard Yeager, CEO, expressed his anticipation each year to meet the students and present them with their well-deserved scholarships. He emphasized that this highlights the essence of the credit union movement’s philosophy of ‘people helping people.’
The high school seniors who were honored with the scholarships include Mia Giannicchi, Emma Jankowski, and Jesse Decker from Allegany-Limestone High School, and Grace Haynes from Olean High School.
In addition to the High Point FCU Scholarship, Mia Giannicchi, Emma Jankowski, and Jesse Decker also received scholarships through the New York Credit Union Association. Mia was granted an extra $1,250, while Emma and Jesse each received an additional $250.
HIGH POINT FCU Brings Mad City Money to Salamanca Seniors
High Point Federal Credit Union staff shared their Mad City Money program with Salamanca High School with almost 90 seniors participating in this program. The Credit Union (CU) first implemented Mad City Money in 2013, presenting the program in Olean and Allegany high schools.
Originally purchased through the Credit Union National Association (CUNA), Mad City Money is a financial education tool that helps high schoolers get a taste of the “real world.” Students get to choose an “identity” at the start of the program, where they’re given an occupation, salary, spouse & children, student loan & credit card debt, and medical insurance payments. They then have to visit various stations to decide on what housing, transportation, childcare, food, and other necessities to purchase while staying within their budget.
Students learn how to calculate their credit card monthly payment, practice writing a check, experience unexpected bills – as well as unexpected financial gains, and discover how much they can actually afford with their given “identity.” While some of the students had money left over at the end to put in their savings, many had to return to certain stations to switch out their purchase for something more affordable.
When asked what the main takeaway of this program was for the students, they reiterated a better understanding of their parents’ spending habits, a realization of how expensive living in the “real world” is, and the importance of paying off debt. Being able to experience these scenarios in a controlled way provides students with a level of financial wisdom they likely wouldn’t have otherwise.
HIGH POINT FCU DONATES $7,000 TO LOCAL FOOD PANTRIES
High Point FCU has donated $7,000 to support seven local food pantries in their field of membership. As a community-focused credit union, High Point FCU is committed to making a positive impact in the lives of their neighbors. The Olean Food Pantry, Creekside Chapel, Portville Community Food Pantry, Harvest Field Outreach Center, CAC Food Pantry, YWCA of Bradford, and Hinsdale Ischua Food Pantry each received $1,000 donations.
“We believe in the power of community and the importance of lending a helping hand,” said Rich Yeager, President & CEO. “By partnering with these local food pantries, we hope to make a meaningful difference in the lives of individuals and families facing food insecurity.”
High Point FCU would like to thank the dedicated staff and volunteers at the food pantries for their tireless efforts in serving the community. Their commitment to making a difference is inspiring.
High Point FCU is the 2nd largest credit union in Western New York, with assets of over $400 million. The credit union currently serves over 20,000 members with four branch locations, 1201 Wayne Street and 206 North Clark Street in Olean, 180 West Main Street in Allegany, and 160 South Main Street in Portville.
High Point Federal Credit Union Installs Life-Saving AED Machines and Certifies Staff in CPR.
Recently, High Point Federal Credit Union took an important step towards safeguarding the health and well-being of their members and staff by installing life-saving AED machines in all their branch locations and operations center. A sudden cardiac arrest can happen to anyone, but with an AED on hand, the heart’s rhythm can be analyzed, and if necessary, an electric shock can be administered, which can help re-establish an effective rhythm.
To complement the installation of AED machines, over 35 High Point FCU staff members have become certified in CPR and AED in accordance with the American Heart Association (AHA) training program. “We have many people coming in and out of our branches daily. Considering most cardiac arrests happen away from hospitals, having our staff trained and these machines available will provide life-saving support in the event someone experiences a major medical emergency,” said Rich Yeager, President & CEO.
Funding for the project was received through the New York Credit Union Foundation’s IMPACT Grant, which helped cover the costs of implementation. The foundation supports credit union efforts in various areas, including technology enhancements, security upgrades, and efforts to support emerging and underrepresented markets.
Olean Area Federal Credit Union Announces New Name: High Point Federal Credit Union!
Olean Area Federal Credit Union, the second largest credit union in Western New York, has announced a name change to High Point Federal Credit Union. By changing its name, the credit union is demonstrating its ongoing commitment to growth and to its mission to provide members personal service and affordable products that meet their financial needs throughout life’s journey. The High Point brand, including a new logo, tagline, and visual identity, launched August 1st. The change in brand does not reflect a change in ownership and will remain 100 percent member owned and headquartered in Olean, NY.