For Immediate Release
June 14, 2021
OTIS Federal Credit Union Awards Five $500 Scholarships to Local High School Seniors
JAY, Maine – Five graduating high school seniors from area towns were recently awarded scholarships of $500 each from OTIS Federal Credit Union. The scholarship recipients submitted brief essays for consideration, along with completed scholarship applications, letters of recommendation from a teacher or guidance counselor, and copies of letters of acceptance from a college, university, or technical school.
This year’s scholarship winners are Jack Gilbert of Spruce Mountain High School, Kaitlyn Paul of Spruce Mountain High School, Alexandria Dyke of Dirigo High School, Haley Walsh of Mt. Blue High School, and Summer Fay of Mt. Blue High School.
To be eligible for the OTIS 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 be continuing their higher education within one year of completing high school.
Scholarship recipients were selected by the Credit Union’s Scholarship Committee, comprised of employees of OTIS FCU as well as members of its Board of Directors.
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 owned 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 11,100 members and holds over $208 million in assets, employing 31 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.