Share Certificates

Competitive dividend rates make a Credit Union Share Certificate a good, solid, long-term investment. These certificates earn dividends at a higher rate than that paid on share savings accounts.

We offer a wide range of deposit terms from 2 months up to 60 months with a minimum opening deposit of $500. Your dividends are compounded and credited monthly and may be withdrawn without penalty while your initial investment remains in the account earning dividends. Also, for your convenience, dividends can be paid directly to your share savings or share draft account or have a check mailed to you.

At maturity, share certificates will automatically renew at the rate in effect at that time, unless you notify us prior to maturity. There may be a penalty for early withdrawal.


Lucky Saver Certificates


What is Lucky Savers?

It's a special term deposit account at Olean Area Federal Credit Union that helps you build your savings while giving you a chance to win monthly and quarterly cash prizes! Every $25 deposit (up to $250 per month) into this account gets you a chance to win - up to 10 chances every month. Plus, all the money deposited into the Lucky Savers account is still yours and helps to build your savings. It's a win-win situation!

How do I open an account?

You can open a Lucky Savers account by visiting one of our convenient branch locations. You can even set up direct deposit or scheduled transfers to increase your chance to win.

What are the prizes?

  • Each $25 deposit gives you a chance to win a quarterly prize of up to $5,000
  • Each $25 deposit gives you a chance to win a monthly prize of up to $100

What are the requirements to open a Lucky Savers account?

  • Must be 18 years of age or older
  • A Olean Area Federal Credit Union member with accounts in good standing
  • Business and Trust accounts are not eligible for this account

What is a term deposit account?

A term deposit account is a special savings account. You earn a specified dividend if the term deposit account is held for the full term; in the case of Lucky Savers, the term is 12 months.

What's the dividend rate?

As of 10/1/16, the current rate is 1.0% with an Annual Percentage Yield of 1.0%. Rate are subject to change.

Why should I open a Lucky Savers account?

Because it's a win-win situation! And, you can win monthly and quarterly prizes! With regular deposits into your Lucky Savers account, you are guaranteed to have money saved at the end of the year.

See official rules and truth in savings disclosure. For more information, please visit




Click here to see the current share certificate rates


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