Credit union · NCUA insured
OTIS Federal Credit Union
Top CarrotA $296.3M credit union headquartered in Jay, ME, with 12,477 members and 1 branch in Maine. Best rates: CDs 4.25% and savings 2.50% APY.
OTIS Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 92% of U.S. banks and credit unions
#9 of 72 in MaineHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About OTIS Federal Credit Union
Founded in April 1954 by eleven mill workers, OTIS Federal Credit Union is a member-owned cooperative financial institution located in Jay, Maine.
Headquartered in Jay, the credit union serves nine Maine counties including Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, and York.
- Headquarters
- 170 Main St, Jay, ME 04239-4902
- NCUA charter
- 9349
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Persons who live, work, worship, or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County are eligible to join.
Family and household
- Immediate family members, regardless of geographic location, are eligible for membership.
Cost to join
- An initial deposit of $25.00 is required to open an account.
Branches
1 branch in Maine
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Maine
1 branch
- Otis Federal Credit UnionMain office170 Main St, Jay, ME 04239Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.12% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 1.56% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.28% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $55 | $76 | — |
- CapitalNet worth ratio16.12%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late1.56%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.28%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$55Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of OTIS Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.