OTIS FCU returns bonus dividend refunds to members for 16th year

JAY — OTIS Federal Credit Union posted a 6 percent Bonus Dividend and Interest Refund on Jan. 1, resulting in a total of $347,795.58 paid out to members for the year 2020.
Over the past 16 years, OTIS FCU has returned more than $5,491,449 to both its savers and borrowers via the annual practice.
Kim Turner, OTIS FCU president and chief executive, said, “The year 2020 held many unknowns as the pandemic swept through the country, impacting so many households and businesses, and to be able to give back a portion of our profits for the 16th consecutive year is profound. We thank our loyal members for their commitment to us, especially during these unprecedented times, and hope that this Bonus Dividend and Interest Refund reflects our continued commitment to our members’ financial success.”
OTIS FCU’s Bonus Dividend and Interest Refund program is the only one of its kind statewide, and rewards members in proportion to their economic participation in the Credit Union.