Otis Federal Credit Union

Headquarters

Po Box 27
Jay, ME 04239
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 0.85% →
1-Year CD 0.70% 0.67% →
2-Year CD 0.80% 0.80% →
5-Year CD 1.26% 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Otis is an NCUA insured institution located in Jay, ME. It was founded in 1954 and has approximately $222.01 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 9349
Date Established 1954
Assets $222.01 million
Loans $74.81 million
Deposits $188.58 million
Capital $32.73 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 2, 2021

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 2, 2021

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 2021

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
3.116% 2.990% 0.63 $4,062 $1,053 Learn More
HomeLend Mortgage
NMLS ID: 138075
License#: MC-5650
2.747% 2.625% 0.63 $3,990 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$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



Climate Initiatives

OTIS is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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
0.54% 3.79

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 June 30, 2021, Otis had $146,795 in non-current loans and $30,000 in owned assets. To cover these potential losses it had $32,727,991 in net worth and $260,281 in loans loss reserves. That gives it a Texas Ratio of 0.54%.

Net Worth
Otis U.S. Average
14.74% 12.22%

Otis FCU has a net worth of 14.74% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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