Municipal Credit Union Launches 2018 Scholarship Program

NEW YORK CITY – Municipal Credit Union (MCU) is accepting applications for the 2018 Scholarship Program. This year, MCU will award $71,000 in scholarship grants to college-bound graduating high school seniors: nine memorial scholarships worth $5,000 and 13 grants of $2,000 respectively.

This past spring, four Long Island students won $5,000 scholarships from MCU: Sye Khan of West Hempstead, John Timony of Merrick, Michael Pocress of Oceanside, and Aadil Khan of Farmingdale.

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

Eligibility for participation in the MCU Scholarship Program is open to MCU members, a child or a grandchild 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.

Applications are available at MCU's Long Island branches: in East Meadow at 1 Merrick Avenue, Oceanside at 3411 Long Beach Road, Elmont at 1660 Hempstead Avenue, and Melville at 498 Walt Whitman Road. Applications are also available on MCU’s website, www.nymcu.org, and at any MCU branch. The deadline for completed applications to be submitted is January 5, 2018. In addition to receiving the scholarships, all recipients will be recognized at a special awards reception in the spring of 2018.

The scholarships are part of MCU’s long-standing, larger corporate commitment to youth education and financial literacy. In addition to these scholarships, MCU also awards valedictorian/salutatorian recognition awards to graduating high school seniors.

Municipal Credit Union is the oldest credit union in New York State and one of the oldest and largest in the country. Established in 1916 and serving New Yorkers for 101 years, MCU has more than $2.6 billion in assets, branches in the five boroughs of New York City, Long Island and Westchester, an extensive ATM network, and offers a full range of financial products and services to its more than 425,000 members. MCU membership is open to a wide range of employer groups including 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; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; students enrolled in a college, university, school, or institution in the City University of New York (CUNY) education system and St. John’s University; members of select industry groups; certain family members, and qualifying retirees. MCU is actively involved with its members and in giving back to the communities in which it serves. It is the official credit union of the NFL's New York Jets and of St. John's University Athletics. It is also the naming rights sponsor of MCU Park in Coney Island, the home of the Mets minor league affiliate Brooklyn Cyclones, where MCU sponsors its annual MCU/Brooklyn Cyclones Youth Baseball/Softball Clinic Series, now in its fourth year. MCU's educational efforts include a scholarship program, home buying seminars, and its Adult and Youth Financially Fit series, which has been awarded the NY Credit Union Association's prestigious Desjardins Financial Education Award for the past two years. 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.