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JAY, Maine—OTIS Federal Credit Union is pleased to announce that it raised a total of $9,820.03 for the Maine Credit Unions’ Campaign for Ending Hunger over the course of the 2018 calendar year.
Among all participating credit unions, OTIS FCU placed 21st statewide for total funds raised, and 22nd 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 $474.47 to OTIS FCU’s total. Consequently, the Credit Union will have $10,294.50 at its disposal to distribute to community food banks of its choice within its field of membership.
Specific fundraising activities undertaken by the Credit Union 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 credit unions in the state of Maine collectively raised a record-breaking total of $787,360.68 for Ending Hunger in 2018, over $40,000 more than they raised in 2017. Since 1990, Maine’s credit unions have raised over $9 million for the Campaign, 100% of which has directly benefited hunger organizations in Maine.
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 10,900 members and holds over $171 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.