Loans & Credit Cards

Have more for what matters to you with our affordable loan products. 

Loans and Credit Cards


For over 66 years, we have been committed to serving the unique needs of our members and to transforming their financial goals into realities. At OTIS, you're not just a FICO score or an account number: Our mission is to understand your past, improve your present, and secure your future. Our Loan Officers work hard to find reasons to say "yes" to you, even if you have less-than-perfect credit.

We know that a loan represents an investment in the life that you hope to create. And at OTIS, that’s what we do—invest in our members, because you are our greatest assets. We are who we are because you choose to invest in each other. That’s the credit union difference. And that’s what being a good neighbor is all about.

All OTIS loans are simple interest with no pre-payment penalties---the least expensive way to borrow. Financing is available without hassle or headaches. And because we are a not-for-profit financial cooperative, we are able to offer our members more competitive rates than other financial institutions. Come into our office or call to speak with a Loan Officer today, and discover what we can do, together.

We offer:

Auto Loan Rates

Cars, Trucks & SUVs

Rates effective 9/25/2020

Loan Term Annual Percentage Rate Loan Calculator
 1 year as low as  1.90% APR  Calculate Your Payment
 2 years as low as  1.95% APR  Calculate Your Payment
3 years as low as 2.00% APR Calculate Your Payment
4 years as low as 2.40% APR Calculate Your Payment
5 years as low as 2.70% APR Calculate Your Payment
6 years as low as 3.00% APR Calculate Your Payment

 

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Recreation Vehicle Loan Rates

Boats, Campers, Motorcycles, 4 Wheelers, Snowmobiles & Motor Homes

Rates effective 9/25/2020

Loan Term Annual Percentage Rate Loan Calculator
3 years as low as 2.00% APR Calculate Your Payment
4 years as low as 2.40% APR Calculate Your Payment
5 years as low as 2.70% APR Calculate Your Payment
6 years as low as 3.00% APR Calculate Your Payment
7-10 years as low as 5.15% APR Calculate Your Payment
11-15 years as low as 5.70% APR Calculate Your Payment

 

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Personal Loan

1-5 years as low as 7.90% APR

Effective 9/25/2020

Single Payment Loan

up to 1 year as low as 16.20% APR

Effective 11/9/2018

Shared Secured Loan

1-6 years as low as 3.50% APR

Effective 11/9/2018

Draft-a-matic Loan

Variable Rate 8.25% APR**

Effective 5/1/2020

(APR) Annual Percentage Rate
** The annual percentage rate (APR) is based on the Wall Street Journal Prime Rate plus 5%. The APR will change semi annually on the 1st day of May and November.

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Apply 24 /7, 365 days a year!

Home Equity Rates

Real Estate Loan Rates (Refinance or Second Mortgage)

Secured by Real Estate

Rates effective 9/25/2020

Loan Term Annual Percentage Rate Sample Payments per $10,000 borrowed
1-5 years as low as 2.50% APR* $178.00 for 60 months
5-10 years as low as 3.40% APR* $99.00 for 120 months
11-15 years as low as 4.35% APR* $76.00 for 180 months
16-20 years as low as 4.75% APR* $65.00 for 240 months

Home Equity Line of Credit

Rates effective 3/16/2020

Variable Rate as low as 3.25% APR** Minimum payment: $100 or 1.50% of balance after latest advance, whichever is greater.

 An appraisal may be required at a cost of $300. Additional fees include a title search, flood determination, and recording of the deed. The total charges associated with HELOCs amount to approximately $600.

*(APR) Annual Percentage Rate. Above Real Estate Rates are subject to change without notice. No finance charge fees apply.
** Annual Percentage Rate of Home Equity may vary monthly. The rate is the Wall Street Journal Prime Rate as published on the last business day of the month. The maximum annual percentage rate that may be imposed on a Home Equity Loan is 18.00% APR. No finance charge fees apply, membership eligibility required, and property insurance required. Minimum advance of $500.

It's Easy to Apply!

Just stop in at the credit union and talk to one of our friendly loan officers to see if you qualify.*

*Please bring your current mortgage statement, current deed, pay stub (if joint, for both), insurance policy with premium and property tax bill.