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At Olean Area FCU, we understand the seriousness of the situation in Ukraine and the security concerns it has raised in New York, across the country, and globally. While we hope the military escalation ends swiftly and peacefully, it is important to reassure that your money is secure with our credit union.

The safest place for your money is in your credit union account. There are many risks to having cash in hand. Olean Area FCU is strong and can withstand this type of global crisis, just as we did at the start of the pandemic. All credit union deposits are insured up to $250,000 per account through the National Credit Union Association (NCUA). This insurance is the exact same that banks have with the FDIC.

During times like these, it is important for you to be extra vigilant with your finances. Olean Area FCU has your best interest in mind and we can help you identify different types of scams and ways to avoid them. Information regarding prevalent scams are available on our website and social media pages. If you think you may have been a victim of fraud, please contact our Member Service department immediately so we can further investigate for you. As always, when it comes to keeping your money safe, we’re here for you.

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