Municipal Credit Union Accepting Applications for 2016 Scholarships

– Municipal Credit Union (MCU) is currently accepting applications for the 2016 Scholarship Program. MCU will award $66,000 in scholarship grants to college-bound graduating high school seniors: eight memorial scholarships worth $5,000 and 13 grants of $2,000 respectively.

Eligibility in the MCU Scholarship Program is open to all MCU members and the children or grandchildren of a member in good standing. Selection is based on academic performance, extracurricular and community activities, references, and an essay expressing personal goals. Additionally, students applying for the scholarships who are also MCU members will also automatically be entered for a $500 statewide Public Relations and Marketing Council Scholarship.

“MCU is deeply committed to supporting the youth throughout the communities our members work and live. Our Scholarship Program is one way we achieve this by recognizing and rewarding young people for their outstanding academic performance and community service,” said MCU President/CEO Kam Wong. “We hope our scholarships will enable these students to achieve their goals and succeed in their future endeavors.”

Last year, Katherine O’Donnell of Windsor Terrace, Brooklyn was awarded the James McKeon Memorial Scholarship. She used the $5,000 scholarship from MCU to study biomedical engineering at Binghamton University.

Applications are available at MCU’s Brooklyn branches at 350 Jay Street, 1560 Flatbush Avenue, 2142 Ralph Avenue, and 1904 Surf Avenue, on MCU’s website, www.nymcu.org, and also at any MCU branch. The deadline for completed applications to be submitted is January 15, 2016.

MCU will hold a special awards reception in the spring of 2016 to recognize the eight $5,000 scholarship winners.

MCU’s scholarship program is part of its larger corporate commitment to youth education and financial literacy across New York City. In addition to these scholarships, MCU also awards valedictorian/salutatorian recognition awards to graduating high school seniors.

Municipal Credit Union (MCU) is the oldest credit union in New York State and one of the oldest and largest in the Country. Established in 1916 and headquartered in New York City, today MCU has assets of over $2.2 billion and offers a full range of financial services to its more than 375,000 members. With branches in New York City, Westchester and Long Island, its members also have access to the credit union’s large and growing ATM network. Eligibility to open accounts at MCU is available to New York City and Yonkers municipal employees; state and federal employees who work in the five boroughs; health care professionals who work in New York State; members of select industry groups; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; all students enrolled in a college, university, school, or institution in the City University of New York (CUNY) education system; certain family members, and qualifying retirees. MCU is an equal opportunity lender, and deposits are federally insured to at least $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency. For more information about Municipal Credit Union, visit www.nymcu.org.

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