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About The Community Reinvestment Act...

The federal Community Reinvestment Act (CRA) makes good business sense to us and means good credit news for you. The CRA requires federal regulators to evaluate-and rate-our performance in meeting the credit needs of this community. After each evaluation, the rating we receive will be made public. Only when we meet acceptable performance standards are we able to have certain applications, such as expansions or new branch openings, approved by the regulators.

 

What we offer to our community...

Our goal is to meet the credit needs of all qualified borrowers in a nondiscriminatory, timely manner.
To accomplish this, we offer the following types of credit:
  • Balloon Mortgages
  • First Time Buyer Mortgages
  • Freddie Mac Mortgages
  • VA, FMHA, FHA and VA Loans
  • Home Equity Loans
  • Home Improvement Loans
  • Residential Lot Loans
  • Residential Construction Loans

 

  • Agricultural Real Estate Mortgages
  • Livestock Loans
  • Farm Machinery Loans
  • Operating Loans

 

  • Commercial Mortgages
  • Commercial Operating Loans
  • Commercial Construction Loans
  • Construction Equipment Loans

 

  • Recreational Vehicle Loans
  • Mobile Home Loans
  • Auto Loans
  • Light Aircraft Loans
  • Truck Loans
  • Personal Loans

To further educate the public and gather data about our community's credit needs, we offer the following informational activities:

Officer's Call Program
Guest Lectures at Local Schools
High School Junior Achievement (Class on Economics)
Community Advisory Committee


To reach all segments of our community and inform them of what we have to offer, we use the following types of advertising media: 

  • The Times
  • Thrif-T-Nikel
  • Town & Country
  • Billboards
  • Bulletins
  • Radio: WAJK, WCMY, WRKX, WLPO
  • Local TV Cable
  • Area Wide Phone Book
  • Yellow Pages
  • Community Churches
  • High School Year Book & Sport Programs
  • Flyers
  • Direct Mail Program
  • Lobby Displays
  • Drive-up Window Envelopes
  • and the Internet at www.firstottawa.com.

So we can better recognize your credit needs and aid in the development of our community, we proudly contribute our time and lend our expertise to local organizations.

Should you have other credit needs not included in these lists or suggestions on how we can better serve you, please let us know. We'll do all we can to assist you in any way.


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"Newest Ideas in Banking"

Main Facility: 701 LaSalle Street, Ottawa, Illinois 61350
815-434-0044

Copyright © 2008, First Ottawa Bancshares, Inc. All Rights Reserved.    

 

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