The cracks are what we call "wind shakes", they are very common in osage. They can be deep or shallow, I always lay my bow out so I avoid these cracks because you never know about the depth.
If they are still there when you completely shape your bow, fill them with superglue and proceed like they aren't there. If any run off close to the side of your limbs, a serving thread wrap soaked with superglue would be in order.
The cracks are usually visible at the butt end of a log when you cut it, they radiate out from the core.