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OTIS Rates & Review August 2026

Q: How many branches does OTIS operate?

OTIS currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is a member application needed to join OTIS?

Yes, to access services at OTIS, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Q: Is there a first-time homebuyer program?

Currently, OTIS does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, OTIS provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 29, 2026

OTIS rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month share certificate rates are currently at 2.89%, 6-month share certificate rates at 2.75% and 3-month share certificate rates at 2.65%. Savings rates are at 0.84% and money market rates are at 1.17%. Mortgage rates on 30-year fixed loans are around 6.69%. These rates come from our rate database, not OTIS, and you can see how they compare in the OTIS rate tables below. MonitorBankRates evaluates the financial stability of OTIS with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.99%. Database rates last updated and verified on 08/29/2026.

OTIS money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at OTIS? Share your experience about OTIS by leaving a review below, or read customer reviews before you decide to use OTIS.

Verified Strong Use This Badge on Your Credit Union Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

2.99%

Excellent Lower than avg

OTIS
Otis Federal Credit Union

170 Main St
Jay, ME 04239 4902

http://.

Current Rate Availability

We're not currently displaying rates for OTIS, but our database is updated constantly — check back soon for the latest offers.

Are you with OTIS? We'd love to add your institution's rates. Contact us to get your institution's rates listed on MonitorBankRates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for OTIS is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather OTIS rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with OTIS's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name OTIS

Website http://.

Address 170 Main St, Jay, ME 04239 4902

Phone 207-897-0900

Fax 207-897-3927

President Duane Lake

CEO Christopher Bouchard

Full-Time Employees 29

Part-Time Employees 0

Branch Locations 1

ATM Locations 1

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (99/100)

Texas Ratio

2.99%

Return on Assets (ROA)

1.0847%

Return on Equity (ROE)

6.7766%

Non-Performing Loans Ratio (NPL)

1.05%

Total Assets

283,184,126

Total Amount of Shares and Deposits

235,797,284

Total Shares and Deposits < 1 Year

210,485,308

Total Shares and Deposits 1 3 Years

17,301,002

Total Shares and Deposits > 3 Years

8,010,973

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

18,199,592

Total Uninsured Shares and Deposits > $250K (F+J)

18,199,592

Total Insured Shares and Deposits > $250K (item 17 less item K)

217,597,692

Total Interest Expense (Sum of items 6 8)

4,198,717

Share Certificates

1,995

Number of Accounts for Share Drafts

9,693

IRA KEOGH Accounts

953

Number of Accounts for Regular Shares

17,920

All other shares

113

Money Market Shares

818

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Well Capitalized

Net Worth Classification if credit union is a new credit union

Well Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

19,931,828

Total Liabilities

237,710,960

Source: NCUA — Last Updated 09/30/2025

2026 MBR Health & Safety Badge

OTIS earned the Verified Strong badge

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Customer Reviews

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Total Reviews

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Frequently Asked Questions About OTIS

How many branches does OTIS operate?

OTIS currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join OTIS?

Yes, to access services at OTIS, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, OTIS does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, OTIS provides members with tools to manage their accounts and build a solid financial history.

Does OTIS offer online and mobile banking?

Most modern institutions like OTIS provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: http://..