For Immediate Release
October 3, 2018
OTIS Federal Credit Union Celebrates the 70th Anniversary of International Credit Union Day
JAY, Maine—On October 18th, OTIS Federal Credit Union will, along with more than 56,000 credit unions around the world, celebrate International Credit Union Day (ICU Day), and the philosophy and achievements of the credit union movement.
OTIS FCU celebrates ICU Day because it believes the not-for-profit structure and people-first principles of credit unions make them the ideal financial partners for all people. This year’s ICU Day theme is “Find your platinum lining in credit unions,” a celebration combining the traditional gift of platinum for 70th anniversaries with a play on the saying “every cloud has a silver lining.”
Please join OTIS in commemorating ICU Day this year! Whoopie pies and cider from Berry Fruit Farm will be served on the premises, as well as freshly-popped popcorn.
OTIS members and non-members alike are welcome to stop by OTIS FCU to celebrate this worldwide movement that’s made helping people its No. 1 priority for more than 160 years.
Please direct all media inquiries to Sarah Hayes, Director of Marketing and Communications, at (207) 320-4985, or email SarahH@otisfcu.coop.
About International Credit Union Day
In 1948, the U.S. Credit Union National Association (CUNA) decided to initiate a new national Credit Union Day celebration. CUNA and CUNA Mutual Insurance Society set aside the third Thursday of October as the national day of observance.
International Credit Union (ICU) Day celebrates the spirit of the global credit union movement. The day is recognized to reflect upon the credit union movement’s history, promote its achievements, recognize the hard work and share member experiences.
The ultimate goal is to raise awareness about the tremendous work that credit unions and other financial cooperatives are doing around the world and give members the opportunity to get more engaged. The day of festivities for credit unions and financial cooperatives globally include fundraisers, open houses, contests, picnics, volunteering and parades.
About OTIS Federal Credit Union
OTIS Federal Credit Union was founded in April of 1954 by eleven local millworkers. 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 10,839 members and holds over $168 million in assets, employing 29 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.