JAY — OTIS Federal Credit Union has announced that a 10% bonus dividend and interest rRefund of $1,071,959 was posted to member accounts on Jan. 1. This return represents the credit union’s financial success in 2024 and is the largest bonus to date. Over the past 20 years, OTIS FCU has returned more than $8 million to both its savers and borrowers through this practice.
OTIS FCU President/CEO Chris Bouchard said, “At OTIS, our members are shareholders of the credit union. Profits are returned to our members through higher deposit rates, lower borrowing rates, fewer fees, and improvements in technology and services. Over the last 20 years, we have directly shared our success through the ‘OTIS Advantage,’ returning an annual bonus dividend and interest refund, rewarding members according to their economic participation in the credit union,” according to a news release from the credit union.
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