Energy Loans

Want to lock in a great rate by pre-purchasing your heating oil? Would new doors, windows, or siding boost your home’s energy efficiency? Have you been thinking about supplementing your home heating this winter with a new wood or pellet stove? OTIS can help!

We now offer Energy Loans to our members at competitive rates year-round, which can be used to purchase fuel, oil furnaces, windows, siding with weather wrap, wood or pellet stoves, wood or pellet furnaces, new interior and/or exterior doors, heat pumps, solar panels, and geothermal heating systems.

Loan terms and interest rates vary depending on credit score.

Benefits of an Energy Loan

  • Make home energy expenses and improvements more affordable.
  • Help you to save money by boosting your home’s energy efficiency and subsequently reducing your utility bills.
  • Enhance the comfort of your home.
  • Increase the value of your home via energy-related upgrades.

Join Us & Experience the OTIS Advantage

If you live, work, worship, or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County, you are eligible to become a member of OTIS FCU. Immediate family members, regardless of geographic location, are also eligible. We look forward to meeting you!