EXHIBIT 31.2

                            RULE 13A-14 CERTIFICATION

I, Jon L. Kranov, certify that:

      1. I have reviewed this annual report on Form 10-KSB of Ottawa Savings
Bancorp, Inc.,

      2. Based on my knowledge, this annual report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to make
the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this annual
report;

      3. Based on my knowledge, the financial statements, and other financial
information included in this annual report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
registrant as of, and for, the periods presented in this annual report;

      4. The registrant's other certifying officer and I are responsible for
establishing and maintaining disclosure controls and procedures (as defined in
Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial
reporting (as defined in Exchange Act Rules 13a-15(f) and 15(d)-15(f)) for the
registrant and have:

            (a) Designed such disclosure controls and procedures, or caused such
      disclosure controls and procedures to be designed under our supervision,
      to ensure that material information relating to the registrant, including
      its consolidated subsidiaries, is made known to us by others within those
      entities, particularly during the period in which this annual report is
      being prepared;

             (b) Evaluated the effectiveness of the registrant's disclosure
      controls and procedures and presented in this annual report our
      conclusions about the effectiveness of the disclosure controls and
      procedures, as of the end of the period covered by this annual report
      based on such evaluation; and

            (c) Disclosed in this report any change in the registrant's internal
      control over financial reporting (as defined in Exchange Act Rules
      13a-15(f) and 15d-15(f)) that occurred during the registrant's most recent
      fiscal quarter that has materially affected, or is reasonably likely to
      materially affect, the registrant's internal control over financial
      reporting;

      5. The registrant's other certifying officer and I have disclosed, based
on our most recent evaluation of internal control over financial reporting, to
the registrant's auditors and the audit committee of registrant's board of
directors (or persons performing the equivalent function):

            (a) All significant deficiencies and material weaknesses in the
      design or operation of internal control over financial reporting which are
      reasonably likely to adversely affect the registrant's ability to record,
      process, summarize and report financial information; and

            (b) Any fraud, whether or not material, that involves management or
      other employees who have a significant role in the registrant's internal
      control over financial reporting.


Date:  November 15, 2007                    /s/ Jon L. Kranov
                                            ------------------------------------
                                            Jon L. Kranov
                                            Senior Vice-President
                                            and Chief Financial Officer