Municipal Credit Union Awards $71,000 in 2018 Scholarships

NEW YORK CITY- Municipal Credit Union has awarded $71,000 in scholarships to college-bound graduating high school seniors: nine memorial scholarship grants of $5,000 each and 13 grants of $2,000 each. MCU Board Chair James Durrah and Acting President/CEO Norman Kohn presented the scholarships to the recipients at a special reception at MCU’s headquarters.

The recipients of the $5,000 memorial scholarships are: (shown left to right at the scholarship reception) Grace McGrath, Ashley Fils-Aime, Brendan O’Sullivan, Maxine Smith, Jared Rios, Kaitlin Connelly, Nicholas Chin, and Jeffrey Li. Joseph Vayalymkal, the ninth scholarship winner, did not attend the reception.

“We are recognizing a truly great group of students this year. I am very proud to recognize them for what they have accomplished so far and know they will go far in their educational and professional endeavors. I am pleased to know that our members’ contribution to their education will be remembered and celebrated by these scholars and their extended families," said MCU Board Chair James Durrah.

Scholarship winners were selected based on academic performance, extracurricular activities, community service and involvement, letters of recommendation, and an essay expressing personal goals. 2018 marked the first year MCU offered a memorial scholarship in recognition of the late Board member Thomas Diana. The $5,000 Thomas Diana Memorial Scholarship became MCU's ninth memorial scholarship and will be offered annually. The MCU scholarships are part of the credit union's long-standing, larger corporate commitment to youth education across the greater New York City area.

“We are proud that our scholarship program is able to help such deserving young people from our area continue their education and begin to achieve their long-term personal and professional goals. We wish them all continued success," said Acting President/CEO Norman Kohn.

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 headquartered in New York City, today MCU has assets of more than $2.6 billion and offers a full range of financial services to its more than 425,000 members. 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.

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