Otis Credit Union Jay ME | Affordable Vehicle Loans & Business Banking

Introduction

Welcome to Otis Federal Credit Union, where your financial well-being is our top priority. Located at 170 Main St, Jay, ME 04239, we have proudly served our community since 1954. With a strong membership base of over 11,514 members and total assets reaching an impressive $257,389,965, we are committed to helping you achieve your financial goals. At Otis FCU, we believe in the power of community and trust. Our dedicated team of 26 employees, led by CEO Christopher Bouchard and Board President Duane Lake, works tirelessly to provide personalized banking solutions that fit your needs. From auto loans to credit cards with rewards, we offer a variety of services designed for every stage of your financial journey. While members can visit us at our branch location, official correspondence should be sent to PO Box 27, Jay, ME 04239-0027. We understand that accessing financial services should be convenient; that's why we offer online and mobile banking options along with a drive-thru service for quick transactions. With total deposits amounting to $27,685,937 and robust loan offerings including over 9,412 loans and leases we are well-equipped to support our members in achieving their dreams. Our commitment to transparency is evident as our net worth stands at $41,146,946, showcasing our stability and reliability. Join us at Otis Federal Credit Union today! Call us at 207-897-0900 or visit our website at otisfcu.coop to learn more about how we can assist you in building a brighter financial future. Your journey begins here!

Branch History & Mission

Community Commitment

Our commitment extends beyond traditional banking. We embrace digital advancements such as online banking and mobile payments, ensuring that our members have access to their accounts anytime and anywhere. We are also proud of our ADA compliance efforts that make our services accessible for everyone. While visiting us at 170 Main St, you can take advantage of our ATM availability and drive-thru services for your convenience. If you need official correspondence sent through mail, please use PO Box 27, Jay, ME 04239-0027. We invite you to experience the benefits of being a part of Otis Federal Credit Union. Join us today and discover how we can support your financial journey while also making a difference in your community. Together, we can build a brighter future! For more information or to open an account online, visit our website.

Our Mission

The mission of Otis Federal Credit Union is simple yet profound: to provide exceptional financial services while supporting and uplifting our community. We believe that banking should be personal and accessible, which is why we offer a range of products including checking and savings accounts, auto loans, mortgage options, credit cards with rewards, and business banking services. Our total assets now stand at an impressive $257,389,965, reflecting our growth and stability. We strive not only to help our members achieve their financial goals but also to give back to the community that supports us. Through various outreach initiatives and partnerships with local organizations, we work diligently to make a positive impact in Jay and its surrounding areas.

Branch Location & Accessibility

Accessible Services

At Otis FCU, we prioritize accessibility. Our branch is fully ADA compliant, featuring ramps and other facilities that ensure everyone can bank with ease. For those who prefer a quick visit, we offer drive-thru banking services, allowing you to complete simple transactions without leaving your car.

Call Us Today!

Whether you're looking to open a new account or need assistance with loans and credit cards, our friendly staff is ready to help. Feel free to give us a call at 207-897-0900 or visit our website at Otis FCU for more information. We can't wait to welcome you!

Conveniently Located

Our branch is situated right on Main Street, making it easy for you to stop by while running errands or enjoying a day out. If you're near the local library or the town park, you won't be far from us! We also have ample parking available, including spaces designed to accommodate all our visitors.

Operating Hours & ATM Access

We're here for you Monday through Friday from 9:00 AM to 5:00 PM. Our drive-thru service is available until 4:45 PM on weekdays for added convenience. Need cash outside of these hours? No problem! We have an ATM on-site for your withdrawal and balance check needs. While members can visit us at 170 Main St, official correspondence should be sent to our mailing address at PO Box 27, Jay, ME 04239-0027.

Member Eligibility

At Otis, we believe that becoming a member means joining a caring community that supports your financial journey. If you live, work, or worship in the area, you're likely eligible to join us! We welcome individuals from all walks of life, and we're excited to offer you the chance to experience our personalized services and competitive rates. You can find more specific details about eligibility by visiting our website at . Opening an account is a breeze! Just head over to this link: https://app.loanspq.com/apply.aspx?lenderref=otisfcu032224&list=xasaccvlplst , where you'll find everything you need to get started. Whether you have questions or need assistance during the process, don't hesitate to give us a call at (207) 897-0900. We're here for you! Embrace the benefits of membership at Otis today!

Business Banking & Commercial Services

Merchant Services that Matter

Imagine having the tools to accept payments easily from your customers. Our merchant services provide just that! From card processing solutions to online payment options, we empower your business to serve clients better and increase sales. When you partner with us, you're not just getting services; you're gaining a trusted ally dedicated to your success. Visit us at 170 Main St Jay Me 04239 in Jay, ME, or call us at (207) 897-0900 to learn more about how our business banking and commercial services can elevate your operations today!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $0 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Need cash quickly? Our ATM services allow for easy withdrawals and balance checks whenever you need them. Plus, our drive-thru banking provides basic transaction services such as deposits and withdrawals without leaving your car.

Auto Loans & Vehicle Financing

If you're dreaming of hitting the road in a new car, look no further than our competitive auto loans and vehicle financing solutions. We aim to make the process easy and accessible so that you can enjoy your new ride sooner rather than later.

Business Banking

For entrepreneurs and small business owners, we offer tailored business banking solutions including merchant services and business loans. Your success is important to us, and we're here to help you grow.

Credit Cards with Rewards

For those who love to earn while they spend, our credit cards with rewards provide excellent benefits for everyday purchases. Enjoy cashback offers and points on eligible transactions it's just one more way we help you make the most out of your money.

Mortgage Loans & Refinancing

Thinking about buying a home or refinancing your existing mortgage? Our mortgage loans come with flexible terms and competitive rates designed to make homeownership achievable. Our knowledgeable staff will guide you through the process, ensuring that you understand each step along the way.

Online & Mobile Banking

In today's fast-paced world, convenience is key. That's why Otis provides robust online and mobile banking features. Manage your accounts anytime, anywhere with ease whether it's checking balances, transferring funds, or paying bills all at your fingertips.

Personal Banking

When it comes to personal banking, we've got you covered with checking and savings accounts that fit your lifestyle. Whether you need a basic account for everyday transactions or a high-yield savings option for your future plans, our offerings cater to all your needs. For those moments when life takes an unexpected turn, our personal loans and debt consolidation options can help get you back on track without the stress.

Shared Branch Transactions

If you're a member of another participating credit union, our shared branch transactions make it simple for you to access your funds wherever you are. Just stop by for deposits or withdrawals. At Otis, we strive to create a welcoming environment where members can receive personalized financial solutions tailored just for them. We invite you to explore all our services designed with your financial well-being in mind. For more information or to start using any of these services today, visit us at Otis Federal Credit Union or give us a call at (207) 897-0900!

Digital & Online Banking

Key Features for Your Convenience

Our digital offerings include electronic signature authorization, making it easier than ever to complete transactions without the hassle of paperwork. Plus, with e-statements available, you can keep track of your finances in a paperless format that's both eco-friendly and easy to access. For those who prefer banking on their mobile devices, our mobile application allows you to perform essential tasks right from your smartphone. This includes making person-to-person transfers with just a few taps perfect for sending money to friends or family quickly and safely.

Secure and User-Friendly Experience

Security is a top priority at Otis. Our online banking system employs advanced security measures to protect your personal information while providing a user-friendly experience. You can enjoy peace of mind knowing that your data is safe with us. Additionally, if you're someone who loves using mobile payments, you're in luck! Our platform supports this feature, allowing you to make purchases effortlessly and securely. In summary, Otis is committed to providing you with accessible and efficient digital banking solutions that cater to all your financial needs. Experience the ease of managing your accounts today!

Financial Strength

Commitment to Growth

With $41,146,946 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports your financial goals with $1,958 in used auto loans and $107,747,731 in total loans and leases.

Efficient Operations

Our operational efficiency is highlighted by our $0, allowing us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 26 full-time employees and 0 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Membership Base

Total Share and Deposit Accounts: 29,918, showing a strong and growing member base that trusts us with their finances. This reflects the confidence you have placed in us as your financial partner. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Otis is your trusted partner. Visit us at 170 Main St Jay Me 04239 or call (207) 897-0900 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.*

Member-Centric Savings Options

Members' savings are secured through $41,690,482 in share certificates and $35,951,391 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Foundation

With a net worth of $41,146,946, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,599 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans feature some of the lowest rates in the industry. With over $35,719,463 in used vehicle loans and $13,003,490 in new vehicle loans already helping members get on the road, you can trust us to provide financing that fits your budget. We also offer refinancing options if you're looking to lower your monthly payments or interest rate.

Credit Lines and Personal Loans

For those needing flexibility, we offer credit lines totaling $30,508,523. This option allows you to access funds when you need them most without the hassle of traditional loans. Additionally, our unsecured credit card loans total $4,212,804, providing members with flexible terms to manage their finances effectively. With a focus on making borrowing straightforward and approachable, our loan products are designed not just to meet your immediate needs but also support your long-term financial health. If you're interested in exploring these options further or have questions about eligibility, don't hesitate to reach out. You can contact us at (207) 897-0900 or visit us at our branch located at 170 Main St Jay Me 04239, Jay, ME. Let's work together to find the right loan solution for you! Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $6,544,863. These options make buying or refinancing simple and accessible for our members. Whether you're a first-time homebuyer or looking to refinance an existing mortgage, we have solutions designed with you in mind.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. With a commitment to transparency and reliability, LendMesh stands out as a trusted tool for consumers seeking the best loan options. LendMesh ensures accurate loan comparisons by sourcing its data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards. This means users can trust that the offers they see are based on the latest results from legitimate financial institutions (Source: https://www.ncua.gov ). This approach guarantees fair and transparent offers, allowing users to make informed decisions. One of the key benefits of using LendMesh is its verified data. Loan offers are sourced only from reputable financial institutions, ensuring transparency at every step. Additionally, LendMesh does not feature sponsored listings; lenders are not prioritized based on paid promotions. This commitment to unbiased results helps users find the best loan rates without any hidden agendas. Another advantage is LendMesh's real-time rate comparisons. Users have access to up-to-date loan rates from multiple institutions, making it easier to spot the best deals available in the market today. Thousands of users trust LendMesh for their loan comparisons. One member shared their experience: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" If you're ready to take control of your borrowing options, compare real-time loan offers today at LendMesh and find the best rates for your needs. Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.

OTIS FEDERAL CREDIT UNION