SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549




                                    FORM 8-K



                                 CURRENT REPORT



                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934



                Date of Report (date of earliest event reported)
                                January 26, 2000




                          OTTAWA FINANCIAL CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its Charter)




Delaware                           0-24118                       38-3172166
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State or other                   (Commission                     (IRS Employer
jurisdiction of                    File No.)                     Identification
incorporation)                                                       Number)




245 Central Avenue, Holland, Michigan                                 49423
- --------------------------------------------------------------------------------
(Address of principal executive offices)                            (Zip Code)




Registrant's telephone number, including area code: (616) 393-7000




                                       N/A
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          (Former name or former address, if changed since last Report)


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ITEM  5.  OTHER EVENTS.

     On January 26, 2000, Ottawa Financial  Corporation issued the press release
attached to this report as Exhibit 99.1.  The press release  announces  that the
annual meeting of shareholders of Ottawa  Financial  Corporation will be held on
April 25, 2000.

     The foregoing  information does not purport to be complete and is qualified
in its entirety by reference to the exhibits to this report.


ITEM  7.  FINANCIAL STATEMENTS AND EXHIBITS.

         (c)      Exhibits:

                  Exhibit  99.1  -  Press   release   dated  January  26,  2000,
                  announcing  that the annual meeting of  shareholders of Ottawa
                  Financial Corporation will be held on April 25, 2000.









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                                   SIGNATURES


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                                  OTTAWA FINANCIAL CORPORATION


Date: January 31, 2000                             By:/s/ Jon W. Swets
                                                      -----------------------
                                                      Jon W. Swets
                                                      Senior Vice President and
                                                        Chief Financial Officer




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                                  EXHIBIT INDEX




Exhibit No.                         Description
- -----------                         --------------------------------------------

   99.1                             Exhibit 99.1 - Press  release  dated January
                                    26, 2000, announcing that the annual meeting
                                    of   shareholders   of   Ottawa    Financial
                                    Corporation will be held on April 25, 2000.


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