2. Otis Federal Credit Union

Otis Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.79%5-year CD60 Month Share Certificate
2.03% - National Average
1.71%1-year CD12-23 Month Share Certificate
2.45% - Barclays 12 Month Online CDAdvertisement
0.20%SavingsMembership Share
1.80% - American Express National Bank High Yield Savings AccountAdvertisement
View all Otis Federal Credit Union rates »

Overview / Commentary
www.otisfcu.coop
207-897-0900
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 1,174th largest credit union in the nation. It was established in 1954 and as of June of 2018, it had grown to 27 employees and 10,925 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
A+

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #9349
Year Chartered1954
Employees27
Primary Regulator
Profit Margin
Return on Assets - YTD0.93%
Return on Equity - YTD5.56%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$168.3MM$159.3MM
LoansQ2 2018vs Q2 2017$71.5MM$68.1MM
DepositsQ2 2018vs Q2 2017$140.0MM$132.2MM
Equity CapitalQ2 2018vs Q2 2017$27.8MM$26.6MM
Loan Loss AllowanceQ2 2018vs Q2 2017$286.00K$185.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$588.00K$838.00K
Real Estate OwnedQ2 2018vs Q2 2017$0$0
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
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

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

Otis Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations


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

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