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Otis Federal Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.otisfcu.coop
207-897-0900
170 Main St
Jay, ME 04239

Otis Federal Credit Union is headquartered in Jay and is the 17th largest credit union in the state of Maine. It is also the 1,079th largest credit union in the nation. It was established in 1954 and as of March of 2025, it had grown to 26 employees and 11,887 members at 1 location. Otis Federal Credit Union's money market rates are 7X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

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

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Health
A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #9349
Year Chartered1954
Employees26
Primary Regulator
Profit Margin
Return on Assets - YTD1.69%
Return on Equity - YTD10.44%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$274.3MM$250.7MM
LoansQ1 2025vs Q1 2024$117.5MM$97.8MM
DepositsQ1 2025vs Q1 2024$229.3MM$210.5MM
Equity CapitalQ1 2025vs Q1 2024$43.4MM$38.7MM
Loan Loss AllowanceQ1 2025vs Q1 2024$439K$265K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$822K$230K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.31%
Our Rating
4.0  / 5
Vio Bank
Cornerstone Money Market
See Offer
Sponsored Note: Interest is compounded daily, growing your money fast
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/6/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$20k*-Health Savings
OTHER TIERS: 0.05% → $0 - $2k | 0.85% → $2k - $20k
0.05%$25-Membership Share
0.05%$5-Coindexter Club
0.05%$0-Club Accounts
0.05%$0-Holiday Club
0.05%$25-Coverdell Educational IRA Share
0.05%$15-Teen Flex Savings

Otis Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$20k*-Money Management
OTHER TIERS: 0.05% → $0 - $2k | 2.75% → $2k - $20k

Otis Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-12 Month Share Certificate
4.00%$500-6 Month Share Certificate
3.85%$500-24 Month Share Certificate
3.75%$500-60 Month Share Certificate
3.75%$500-36 Month Share Certificate
3.75%$500-48 Month Share Certificate

Otis Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-12 Month IRA Certificate
4.00%$500-6 Month IRA Certificate
3.85%$500-24 Month IRA Certificate
3.75%$500-60 Month IRA Certificate
3.75%$500-36 Month IRA Certificate
3.75%$500-48 Month IRA Certificate
0.05%$25-IRA Share
0.05%$25-Roth IRA Share
Locations


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

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