For Immediate Release
June 14, 2018
OTIS FCU Awards Five $500 Scholarships to Spruce Mountain High School Graduates
JAY, ME – On Wednesday, June 6th at Spruce Mountain High School’s Senior Awards Night, five graduating Spruce Mountain High School seniors were awarded scholarships of $500 each from OTIS Federal Credit Union. The scholarship recipients submitted brief essays along with a completed scholarship application, a letter of recommendation from a teacher or guidance counselor, and a copy of a letter of acceptance from a college, university, or technical school.
To be eligible for the scholarship, applicants were required to be a primary member of OTIS FCU, to be a graduating high school senior, to have been accepted to a post-secondary school, and to begin their higher education within one year of completing high school.
Scholarships were awarded by Darice Dubreuil, Vice President of Lending; and Donna Labbe and Gary Desjardins, who serve on the OTIS Board of Directors.
Please direct all media inquiries to Sarah Hayes at (207) 320-4985 or email SarahH@otisfcu.coop
About OTIS Federal Credit Union
OTIS Federal Credit Union was founded in April of 1954 by eleven local millworkers. Pooling their respective deposits of $5 each, they associated themselves as charter members of OTIS under the provision of the Federal Credit Union Act. At a time in America when obtaining a loan was difficult for the average family, the founders of OTIS sought to form a cooperative, independent financial institution operated and controlled solely by its local membership.
Since its inception, OTIS has been committed not only to providing quality financial products and services to its shareholders, but to giving back to the community. Today, OTIS is a full-service financial center offering real estate, auto, and personal lending; online and mobile banking; a variety of checking, savings, and investment accounts; VISA debit and credit cards; financial planning; and much more. OTIS serves more than 10,839 members and holds over $159 million in assets, employing 29 people from Jay and the surrounding area. The Credit Union is located at 170 Main Street in Jay, Maine. For more information, please visit www.otisfcu.coop or call (207) 897-0900.