For Immediate Release
February 5, 2020
OTIS Federal Credit Union Raises Over $19,000 for Ending Hunger in 2019
JAY, Maine—OTIS Federal Credit Union is pleased to announce that it raised a total of $19,196.48 for the Maine Credit Unions’ Campaign for Ending Hunger over the course of the 2019 calendar year.
Fundraising totals were announced at the Ending Hunger Celebration Luncheon, held on February 4th at the Haraseekett Inn in Freeport. Representing OTIS FCU at the Luncheon were its Ending Hunger Committee Co-Chairs: Darice Dubreuil, Vice President; and Benjamin Roberts, Compliance Officer/Training Specialist.
Among the 56 participating credit unions statewide in 2019, OTIS FCU placed 13th for total funds raised, and 14th in per-member contributions. Because OTIS placed among the state’s top 25 credit unions in fundraising overall, the Maine Credit Union League has contributed an additional $801.49 “bonus” to OTIS FCU’s total. Consequently, the Credit Union will have $19,997.97 at its disposal to distribute to community hunger organizations of its choice within its field of membership. One hundred percent of the funds raised by OTIS FCU for Ending Hunger stay local.
Specific fundraising activities undertaken by the Credit Union throughout 2019 included selling Narrow Gauge movie passes; selling handmade pot and bowl holders; holding a car wash; hosting a Soup Day; hosting a Paint Night; and holding various raffles throughout the year. Additional funds to benefit Ending Hunger were raised via a $5 donation made from every $25 Skip-a-Payment application fee assessed on loans.
Participating Maine credit unions and credit union chapters, as well as the Maine Credit Union League/Synergent, collectively raised a record-breaking total of $832,332.62 for Ending Hunger in 2019, nearly $40,000 more than was raised in 2018. Since 1990, Maine’s credit unions, chapters, and Credit Union League have raised over $9.4 million for the Campaign, 100% of which has directly benefited hunger organizations in Maine.
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 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 11,000 members and holds over $181 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.