For Immediate Release
February 23, 2021
OTIS Federal Credit Union Now Accepting Applications for 2021 Scholarship Program
JAY, Maine— OTIS Federal Credit Union is pleased to announce that it is now accepting applications for its 2021 Scholarship Program. The Credit Union will be awarding five $500.00 scholarships this year to graduating high school seniors who are members of OTIS FCU.
“It is truly a privilege for us to be able to give back to the community in this way,” said Sarah Hayes, Director of Marketing and Communications. “The last year has been trying for so many–emotionally, financially, and otherwise. On top of this, students, as well as their families, have had to adapt to a school year unlike any other. It is our hope that these scholarships not only help to lessen the financial burden higher education often presents to families, but that they serve to rightfully recognize the immense effort, determination, and resilience that our area Seniors have been called upon to display during this unprecedented time.”
For full details and requirements, and to download the application, please visit www.otisfcu.coop/scholarships/. Deadline for applications is May 14th, 2021.
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 11,000 members and holds over $208 million in assets, employing 32 people from Jay and the surrounding area. The credit union is located at 170 Main Street in Jay, Maine.