Overview / Commentary
170 Main St
Jay, ME 04239-4902

Otis Federal Credit Union is headquartered in Jay and is the 20th largest credit union in the state of Maine. It is also the 1,168th largest credit union in the nation. It was established in 1954 and as of September of 2018, it had grown to 27 employees and 10,893 members at 1 location. Otis Federal Credit Union's CD rates are 90% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Franklin County, Canton, Fayette, Hartford, Leeds, Livermore, Livermore Falls, Mount Vernon, Readfield, Turner, Vienna or Wayne.
See current membership details


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Health Grade Components

NCUA #9349
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD6.12%
Annual Interest Income$4.0MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$169.0MM$161.2MM
LoansQ3 2018vs Q3 2017$73.1MM$69.0MM
DepositsQ3 2018vs Q3 2017$139.7MM$133.6MM
Equity CapitalQ3 2018vs Q3 2017$28.4MM$27.1MM
Loan Loss AllowanceQ3 2018vs Q3 2017$377.00K$203.00K
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$740.00K$958.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Otis Federal Credit Union Savings Account Rates

0.25%$25-IRA Share
0.25%$25-Roth IRA Share
0.25%$25-Coverdell Educational IRA Share
0.25%*$20k*-Health Savings
OTHER TIERS: 0.20% Up to $20k
0.20%$25-Membership Share
0.20%$5-Coindexter Club
0.20%--Club Accounts
0.20%--Holiday Club

Otis Federal Credit Union Money Market Rates

0.25%*$20k*-Money Management
OTHER TIERS: 0.05% Up to $2k | 0.20% $2k - $20k

Otis Federal Credit Union CD Rates

2.79%$500-60 Month Share Certificate
2.53%$500-48-59 Month Share Certificate
2.32%$500-36-47 Month Share Certificate
2.12%$500-24-35 Month Share Certificate
1.71%$500-12-23 Month Share Certificate
1.41%$500-6-11 Month Share Certificate

Otis Federal Credit Union IRA Rates

2.79%$500-60 Month IRA Certificate
2.53%$500-48-59 Month IRA Certificate
2.32%$500-36-47 Month IRA Certificate
2.12%$500-24-35 Month IRA Certificate
1.71%$500-12-23 Month IRA Certificate
1.41%$500-6-11 Month IRA Certificate

Otis Federal Credit Union Locations
Branch Office170 Main StJay, ME 04239-4902

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