Katherine O'Donnell Receives $5,000 Scholarship from Municipal Credit Union

Katherine O’Donnell of Windsor Terrace, Brooklyn has been named the recipient of the 2015 James McKeon Memorial Scholarship awarded by Municipal Credit Union (MCU). Katherine, who graduates from Saint Saviour High School this month and plans to attend the State University of New York at Binghamton in the fall as a biomedical engineering major, was awarded her scholarship by MCU President/CEO Kam Wong and several MCU board members at a special ceremony held at MCU’s headquarters in Manhattan on June 4.

Presenting the award to Katherine (center) are: (left to right) MCU Board of Directors Members Mario Matos, Joy Schwartz, MCU Board Chair Hon. Sylvia G. Ash, Loretta Jones, Shirley Jenkins, MCU President/CEO Kam Wong, S. Nana Osei-Bonsu, Beryl Major, and James Durrah.

Katherine is one of eight recipients of MCU’s 2015 memorial scholarships. In 2015, MCU awarded $66,000 in scholarships to college-bound graduating high school seniors: eight memorial scholarships of $5,000 each and 13 grants of $2,000 each. Eligibility for the MCU scholarships was open to an MCU member, a child, or a grandchild of a member in good standing. Selection was based on academic performance, extracurricular and community activities, letters of recommendation, and an essay expressing personal goals. The scholarships are part of MCU’s long-standing, larger corporate commitment to youth education and financial literacy across New York City.

Municipal Credit Union (MCU) 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 over $2.2 billion and offers a full range of financial services to over 375,000 members. With branches in New York City, Westchester and Long Island, members also have access to the credit union’s large and growing ATM network. Eligibility to open accounts at MCU is available to 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; members of select industry groups; employees of private colleges in New York City and private and public colleges in Nassau, Suffolk, and Westchester; all students enrolled in a college, university, school, or institution in the City University of New York (CUNY) education system; certain family members, and qualifying retirees. 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.