Loans & Credit Cards

OTIS Federal Credit Union... Dreams thrive here!

Loans & Credit Cards


For over sixty years, OTIS FCU has been committed to serving the unique needs of our members and to transforming their financial wishes and goals into realities. Our loan officers work hard to find reasons to say YES to you, even if you have less-than-perfect credit.

So, go ahead... dream of a new car, home improvements, those new appliances, a new RV, a vacation... and then let us help you get to where you want to be. We know that a reliable car means that you will be able to safely travel to and from work every day; that your home allows you to put down roots in a community or to expand your family; that a new dishwasher means more time with your kids every night after dinner; and that being able to enjoy recreation and relaxation is why you work so hard in the first place. These aren’t just purchases, but investments 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 penalty---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.

Go shopping with a pre-approved check!

Making a dream come true is as easy as writing a check! Shop just like a cash buyer with the convenience of an OTIS Pre-Approved Loan Draft. Either apply in person, or fill out our online loan application noting that you are seeking pre-approval. One of our loan officers will promptly get back to you with a decision--it's as easy as that!

Refinance your loans!

We gladly refinance loans from other lenders! Lower your monthly payment and save hundreds over the life of your loan by refinancing at a great rate. Pay off your existing loan, and keep more of your hard-earned money in the process! You can start saving with your very next payment--why wait?


Auto Loan Rates

Cars, Trucks & SUVs

Rates effective 11/9/2018

Loan TermAnnual Percentage RateLoan Calculator
 1 year as low as 2.50% APR Calculate Your Payment
 2 years as low as 2.55% APR Calculate Your Payment
3 years as low as2.60% APRCalculate Your Payment
4 years as low as3.00% APRCalculate Your Payment
5 years as low as3.30% APRCalculate Your Payment
6 years as low as3.60% APRCalculate Your Payment

Apply for a Loan

Apply 24/7, 365 days a year!

Buying a Car?

The AskAuto™ app can help.

Recreation Vehicle Loan Rates

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

Rates effective 11/9/2018

Loan TermAnnual Percentage RateLoan Calculator
3 years as low as3.60% APRCalculate Your Payment
4 years as low as4.00% APRCalculate Your Payment
5 years as low as4.30% APRCalculate Your Payment
6 years as low as4.60% APRCalculate Your Payment
7-10 years as low as5.75% APRCalculate Your Payment
11-15 years as low as6.30% APRCalculate Your Payment

Apply for a Loan

Apply 24 /7, 365 days a year!

Personal Loan

1-5 years as low as 8.00% APR

Effective 11/9/2018

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 10.25% APR

Effective 11/1/2018

(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.

Apply for a Loan

Apply 24 /7, 365 days a year!

Home Equity Rates

Real Estate Loan Rates

Secured by Real Estate

Rates effective 11/9/2018

Loan TermAnnual Percentage RateSample Payments per $10,000 borrowed
1-5 years as low as3.25% APR*$179.00 for 60 months
5-10 years as low as4.15% APR*$100.00 for 120 months
11-15 years as low as5.10% APR*$78.00 for 180 months
16-20 years as low as5.50% APR*$67.00 for 240 months

Home Equity Line of Credit

Rates effective 10/1/2018

Variable Rate as low as5.25% APR**Minimum payment: $100 or 1.50% of
Balance after latest
Advance whichever is greater

*(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.

"All of the staff [at OTIS] has always been extremely friendly and knowledgeable! When I have needed help refinancing a loan or applying for new credit, they have responded in a timely manner with options that I was unaware of."

Michelina G., OTIS Member since 2007

“The Credit Union is likely to have the most favorable rates. They are a wealth of honest information–they are there to serve your needs, not to make money off of you.”

Tina R., OTIS Member since 1993

“OTIS has been a life-saver for me.”

Carole O., OTIS Member since 1991