Recently a bipartisan group of Senators released the Economic Growth, Regulatory Relief, and Consumer Protection Act, S. 2155, that would provide regulatory relief to Main Street financial institutions including credit unions and community banks while maintaining regulations for Wall Street. If the bill is enacted, it would mean the process for getting mortgage loans from… Continue Reading
Archives for February 2018
In our continuing efforts to keep your accounts secure, we’ve improved our alert system for potential fraud. Here’s how it works: When potential fraud is detected, you will receive an automatic email notification from OTIS FCU, with the option to reply with “fraud” or “no fraud”. One minute after the email, you will receive a… Continue Reading
Ensure that your personal information doesn’t fall into the wrong hands! March 1st through April 15th, OTIS FCU will provide free shredding to all of our members. Simply bring in your documents and drop them into the secure bins located in our lobby–we’ll take care of the rest!
One of the most important components of good financial health is having an emergency fund in place. Having a store of liquid savings at your disposal is your built-in insurance policy against the unforeseen and disruptive curveballs that life can sometimes throw at us—job loss, illness, or a major home or auto repair, to name… Continue Reading
We all know how consequential our credit scores are, but most people don’t understand how exactly it is that their scores are calculated. Fully understanding the factors that determine your score–and to what extent–can help you to keep it in tip-top shape, now and in the future. Your Credit Score by the Numbers: Percentage Breakdown… Continue Reading
One of the causes that is nearest and dearest to our hearts here at OTIS is eradicating hunger in Maine, and you can help! For every $1.50 that you donate, OTIS FCU will donate a pantry item to the United Way of the Tri-Valley Area’s Pantry Project and $0.50 to the Maine’s Credit Unions’ Campaign for Ending Hunger…. Continue Reading
A great opportunity for small businesses in the Jay area! Representatives are in the Jay Town Office on the last Thursday of the month. Please contact them to set up an appointment.