For Immediate Release
October 15, 2020
OTIS Federal Credit Union Donates $5,000 to Jay Historical Society
JAY, Maine – OTIS Federal Credit Union has donated $5,000 to the Jay Historical Society, located at 14 Old Jay Hill Road in Jay, Maine. These funds will be used to assist with repair costs of the Jay Historical Society’s Holmes-Crafts Homestead Building, namely the repair of sills and beams throughout the structure which have deteriorated as a result of age and water damage.
The total cost of the project is estimated to be $30,000.
The Holmes-Crafts Homestead, a Federal Style home built in the early 1800s, was the residence of James Starr, one of the first settlers to the area and a prominent local lawyer, surveyor, and politician. The Homestead is now owned by the Jay Historical Society, and houses displays of antique tools, a collection of historical books, granite-related items, a country store, and furnishings relating to the town.
Said Kim Turner, President/CEO of OTIS Federal Credit Union, of the donation: “We are excited to provide this donation to help with the Historical Society’s repair efforts. It is important to preserve and share information on the history of our town, and we are grateful to the community members that participate in these efforts. This donation will assist them in the overall cost to this very big project.”
The Jay Historical Society, which was organized on January 20, 1972, is dedicated to preserving and maintaining the local history of the town of Jay. It was entered into the National Register of Historic Places in 1973.
Please direct all media inquiries to Sarah Hayes, Director of Marketing and Communications, at (207) 320-4985, or email SarahH@otisfcu.coop
About OTIS Federal Credit Union
OTIS Federal Credit Union was founded in April of 1954 by eleven local mill workers. Pooling their respective deposits of $5 each, they associated themselves as charter members of OTIS under the provision of the Federal Credit Union Act. At a time in America when obtaining a loan was difficult for the average family, the founders of OTIS sought to form a cooperative, independent financial institution operated and controlled solely by its local membership.
Since its inception, OTIS has been committed not only to providing quality financial products and services to its shareholders, but to giving back to the community. Today, OTIS is a full-service financial center offering real estate, auto, and personal lending; online and mobile banking; a variety of checking, savings, and investment accounts; VISA debit and credit cards; financial planning; and much more. OTIS serves more than 11,000 members and holds over $199 million in assets, employing 31 people from Jay and the surrounding area. The credit union is located at 170 Main Street in Jay, Maine. For more information, please visit www.otisfcu.coop or call (207) 897-0900.