First-Time Auto Buyer Program

Available to Members Ages 18-25!

First-Time Auto Buyer Program

From time to time, an auto loan request may be made by a member with little to no credit history. In an attempt to meet the needs of our younger members just beginning to establish themselves, OTIS has structured and made available an auto loan program that introduces and educates first-time auto borrowers on the nuances and responsibilities of financing a first vehicle.

How it Works:

The Credit Union will consult with each first-time auto borrower by using the “Responsible Borrower Agreement” to outline the responsibilities and demands of vehicle ownership. The consultation will also address the ins-and-outs of establishing positive credit.

First-Time Auto Buyers Can …
  • Borrow up to $7,500 (loan amounts above $7,500 require a co-signer, who may be removed after twelve months of consecutive payments on the loan)
  • Borrow for up to a term of up to 48 months
  • Borrow up to 100% retail value (including tax, title, and doc fees)


Three months of consistent employment required.

Ready to apply? One of our loan officers will review your request and promptly contact you. You may also stop in or call one of our loan officers Monday through Friday at 897-0900 for more information.

 Kariss Richards Loan Officer Extension 128
Jamie Turcotte Loan Officer Extension 124
Caitlin Lake Loan Officer Extension 108
Darice Dubreuil VP of Lending Extension 118

Please note: If you apply during non-business hours, we will contact you the next business day.

Call a friendly loan officer today at (207) 897-0900 for more information!