Otis Federal Credit Union

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A short history of Otis FCU

Since its inception in 1954 the Otis Federal Credit Union has been serving its members in the JAY, Maine area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Roland Poirier, the Otis FCU has grown its membership to over 10,715 with assets of more than $159,302,301. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (207) 897-0900 or email them at info@otisfcu.coop to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in JAY, ME.

General Information For Otis FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 9349
Address PO BOX 27 
City JAY 
State Maine 
Zip-Code 04239
Phone Number (207) 897-0900
Fax Number (207) 897-3927
Email Address: info@otisfcu.coop
CEO/President Roland Poirier
Members 10,715 
Full-Time Employees 25 
Part-Time Employees 2 
Number of Branch Offices 1 
Total Assets 159,302,301 
Website http://www.otisfcu.coop 

Compare Otis Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Oxford CU MAIN OFFICE 225 RIVER RD 04257 (207) 369-9976 No 14.63
Winthrop Area CU MAIN OFFICE 94 HIGHLAND AVE 04364 (207) 377-2124 No 19.56
Monmouth CU Main Branch 1176 Main St 04259 (207) 933-2667 No 20.18
Connected CU 85 Civic Center Drive 85 Civic Center Drive 04330 (207) 623-3857 No 24.34
Trademark CU Scarborough Branch 145 Pleasant Hill Rd 04104 (207) 883-3630 No 24.46

Otis Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Otis Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.90 3.15 3.15 5.50 5.10
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 161 109 324 241
Rank Among All Maine Credit Unions 10 14 10 29 17

Otis Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.20 0.25 1.98 1.98
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 108 105 41 51
Rank Among All Maine Credit Unions N/A 6 10 3 5
Otis Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.9002,6803,605,182
All Other Unsecured Loans/Lines of Credit 9.3001,6255,353,501
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.1502384,369,205
Used Vehicle Loans 3.1501,50715,090,075
Total 1st Mortgage Real Estate Loans/Lines of Credit 5.50055425,819,800
Total Other Real Estate Loans/Lines of Credit 5.1003635,693,515
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 3.3501,1538,146,314
TOTAL LOANS & LEASES 8,12068,077,592

Otis Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 14710,824,350141,289,134
    b. 15 Years or less 40714,995,450261,239,206
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 451,160,8196180,610
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 3184,532,69610373,000
Open-End Fixed Rate 0000
TOTALS 91731,513,315563,081,950

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Otis Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes