OTIS Federal Credit Union Appoints Chris Bouchard as New CEO

For Immediate Release

June 30, 2022

OTIS Federal Credit Union Appoints Chris Bouchard as New CEO

Auburn Native and Financial Operations Expert Hired to Lead OTIS FCU

JAY, ME—OTIS Federal Credit Union is proud to announce that Chris Bouchard has been hired as the new President/CEO as of June 13, 2022. He succeeds Roland Poirier, who has been serving as Interim President/CEO since December of 2021. Bouchard will lead OTIS Federal Credit Union in its continuing objective to provide its membership with excellent, personal service and to serve the local community.

Of this change in leadership, Poirier commented, “We are grateful to be bringing Chris on board at OTIS Federal Credit Union. His extensive financial experience will be a great asset, and I am eagerly looking forward to the future of the Credit Union under this new leadership.”

Bouchard comes to OTIS from Dirigo Federal Credit Union, where he held the position of Chief Operations Officer. Bouchard’s qualifications include leadership positions at investment companies as well as banking institutions, where he led strategic initiatives and processes in different areas, ranging from contact centers to deposit and loan operations. His over twenty years of proven experience in successfully managing business operations and initiatives as well as his bachelor’s degree in Business Administration and Management from the University of Maine made him an ideal candidate for the role of CEO.

The interview process for the CEO position was highly competitive; however, Bouchard’s qualifications and character stood out to the Board as being an excellent fit for OTIS FCU. Duane Lake, Chairman of the Board of Directors, said of hiring Bouchard, “Chris not only met but exceeded what we were looking for. We found his background in financial operations and history of successful leadership to be impressive, and his community involvement and desire to help others truly represented the qualities OTIS Federal Credit Union has always stood for.”

Bouchard was honored to accept the position and said, “Having served in the financial services industry for my entire career, I have grown to have a strong appreciation for service and commitment. As a lifelong resident of Maine and credit union member, I understand the important role credit unions play in meeting the financial needs of our members and delivering a strong commitment to the communities in which we serve.” Addressing OTIS members directly, he then stated, “The future is bright for OTIS FCU. We look forward to building lasting relationships with you … delivering the products and services you need to continue your journey, with the exceptional service you have come to know and expect from OTIS.”

Bouchard is passionate about youth development. In his spare time, Bouchard volunteers as Vice President for Auburn Suburban Baseball and Softball, where he is also the Minor Division Baseball Director. He also volunteers with Special Olympics of Maine and is a Maine Credit Union League Audit & Finance Committee member. He currently resides in Auburn with his wife and their three sons.

Chris Bouchard, President/CEO of OTIS Federal Credit Union

Media Inquiries
Please direct all media inquiries to Kimberly Couture, Director of Marketing and Communications, at (207) 320-4985, or email KimberlyC@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 $227 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.

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