The roots of the club lead back to 1952, when Hakochav Club, which formed at the Agrobank Ma'abara in Hadera, and Hapoel Agrobank, which was named after the Ma'abara, were the base for the foundation of Hapoel Givat Olga.

Givat Olga had success in the 1970–71 Israel State Cup, after they eliminated Hapoel Tiberias, which played in Liga Alef (second tier at the time), beating them 3–1 in away match.

In the sixth round they held top flight club, Hapoel Petah Tikva to an extra time, where they lost 1–5.

In the following season, they finished runners-up in Liga Bet North B division, and after four successful promotion play-offs matches against Hapoel Isfiya, Hapoel Migdal HaEmek, Ironi Bnei Kabul and Ironi Sayid Umm al-Fahm, won promotion to Liga Alef, where they played four seasons.

Givat Olga ceased to exist, following a merger with city rivals, Hapoel Hadera.