Scholarships
OTIS Federal Credit Union will be awarding ten (10) $1,000 scholarships to ten (10) high school seniors who are members of OTIS Federal Credit Union.
Eligibility
- Applicants must be primary members of OTIS Federal Credit Union.*
- Applicants must be graduating high school seniors.
- Applicants must be accepted to a post-secondary school.
- Applicants must begin their higher education within one year of completing high school.
Requirements
- Complete the scholarship application.
- Tell us in 300-400 words why you should be considered for this scholarship.
- Copy of letter of acceptance from college, university, or technical school of choice.
- Letter of recommendation from teacher or guidance counselor with application.
- Senior photo to share if selected as recipient.
Completed application, essay, letter of acceptance, letter of recommendation, and senior photo should be mailed or delivered to:
OTIS Federal Credit Union Scholarship Committee
P.O. Box 27
Jay, ME 04239
Selection
Applications must be received no later than April 25, 2026. The applications will be reviewed by the scholarship committee and finalists chosen from the submitted entries. Scholarship recipients will be notified by their school or presented during their school awards ceremony. Funds will be disbursed to the students after completion of their first semester.
OTIS Federal Credit Union reserves the right to discontinue the scholarship program at any time without notice. OTIS FCU reserves the right not to award any scholarships should there be no qualified applicants.
Awarding of Scholarship
Recipients must provide the CU with a copy of their college transcript upon successful completion of recipient’s first semester. The scholarship amount will be sent to the recipient via check.
*If the student is not a member of OTIS Federal Credit Union, he/she may join by opening a share/savings account with a minimum of $25 prior to applying.
To qualify for membership, the student must live, work, worship or attend school in Androscoggin, Cumberland, Franklin, Kennebec, Lincoln, Oxford, Sagadahoc, Somerset, or York County, or be an immediate family of a current account holder of OTIS Federal Credit Union. For further information, please call the Credit Union at (800) 848-3688 or check out the Become a Member page on our website.
