OTIS

Headquarters

PO BOX 27
Jay, ME 04239
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.91% →
1-Year CD 0.70% 0.85% →
2-Year CD 0.80% 0.95% →
5-Year CD 1.26% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Credit Union Information

Otis is an NCUA insured institution located in Jay, ME. It was founded in 1954 and has approximately $189.97 millions in assets.

NCUA Insured Yes
Charter Number # # 9349
Date Established 1954
Assets $189.97 million
Loans $75.31 million
Deposits $157.83 million
Capital $31.61 million
 

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.

Deposit Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.20% $25 - Learn More
Money Market
0.20% $2,000 $20,000 Learn More
Money Market
0.30% $20,001 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.60% $500 - Learn More
12 Mo CD
0.70% $500 - Learn More
18 Mo CD
0.70% $500 - Learn More
24 Mo CD
0.80% $500 - Learn More
30 Mo CD
0.80% $500 - Learn More
36 Mo CD
0.90% $500 - Learn More
48 Mo CD
1.01% $500 - Learn More
60 Mo CD
1.26% $500 - Learn More

Loan Rates - December 3, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for OTIS

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.686% 2.625% 0.63 $2,008 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.556% 2.500% 0.75 $1,852 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

Note to OTIS
To upload and update your bank's rates please register. It is free to register and add rates.


 

Branches

Below are Otis branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Otis Locations


Financial Details

Otis Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Otis. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Otis U.S. Average
1.66% 6.71

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 30, 2020, Otis had $463,846 in non-current loans and $67,000 in owned assets. To cover these potential losses it had $31,613,610 in net worth and $313,728 in loans loss reserves. That gives it a Texas Ratio of 1.66%.

Net Worth
Otis U.S. Average
16.64% 13.61%

Otis FCU has a net worth of 16.64% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Otis

Branches and Savings

What is Otis?

A federal credit union, registered with the NCUA under certificate #9349.
Learn more about credit unions here.

Is Otis FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Otis?

Please see Field of Membership information above for information on who is eligible to join.

What are Otis's share account and share certificate rates?

Otis's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Otis?

Otis has total capital of $31.61 million. Full information on Otis's financial position is located above.

Who owns Otis?

Credit Unions are owned by their members.

Where are Otis branches located?

See branch locations nearby.

Are Otis ATMs Open 24/7?

Do Otis ATMs accept cash deposits?

Can Otis customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Otis have a mobile app?

Does Otis have mobile deposit?

Does Otis have quick pay?

How can Otis transfer money to other banks or credit unions?

Does Otis report to credit bureaus?

Does Otis use Chexsystems?

Does Otis use Equifax?

What is Otis's toll free phone number?

What is Otis's ACH Routing Number?

What is Otis's SWIFT code?

Where can I find Otis's wire transfer form?

What is the Otis address for deposits?

What Products Does Otis Offer

Does Otis offer mortgages?

Compare mortgage rates here.

Does Otis offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Otis offer auto and RV loans?

Compare auto loan rates here.

Does Otis offer student loans or personal loans?

Compare personal loan rates here.

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