Letter to the Editor: The importance of local banking

2 mins read

At OTIS Federal Credit Union, we understand the importance of local banking. Our owners live right here in our communities. They are our account holders—our members. And you can become a member-owner, too. Anyone who lives, works, worships, or attends school in Franklin County, Canton, Fayette, Hartford, Leeds, Livermore, Livermore Falls, Mount Vernon, Readfield, Turner, Vienna, or Wayne is eligible to join. Immediate family members, regardless of geographic location, are also eligible. All that is required is an initial deposit of $25, an unexpired photo ID, and proof of current residency; this could be your photo ID, a utility bill, or even your car registration.

When you open an account at OTIS Federal Credit Union, you take true control of your money, and of your future. We answer only to our members: Our mission is to serve, not to profit. Because of this, we are able to offer lower rates on loans, higher dividend rates on your accounts, fewer fees, and more flexible and personalized financial services to our members than our for-profit competitors. And when the Credit Union succeeds, our members rightfully share in that success. In 2018, we returned $392,239 to our borrowers and savers in the form of a Loan Interest Refund and a Bonus Dividend, and since the year 2004, OTIS has returned over $5,015,215 to our members via this annual practice.

All loans and OTIS Visa credit cards are serviced in-house by our dedicated, knowledgeable, and friendly employees—local people who understand the needs of our community and of you and your families.

We are so proud to have called Jay “home” since our founding in 1954, and we look forward to many more years serving Franklin County and its surrounding towns. We are here for our members, through the good times and the hard times. That’s the Credit Union Difference. Come discover it at OTIS FCU today.

Sarah Hayes

Director of Marketing and Communications

OTIS Federal Credit Union, Jay, Maine

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6 Comments

  1. CP: Why not? Everything is just an opinion in the opinion section. Great letter, Sarah. Credit Unions are the way to go! (My opinion)

  2. I have been a Otis Credit Union member almost since birth. ( and I am old!) I LOVE my Credit Union. Will not do business with a bank!

  3. Samo this was obviously a free ad. I just hope other businesses are allowed the same privilege. And nobody’s picking on your credit union, I’m sure it’s great.

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