Scholarships
OTIS Federal Credit Union will be awarding five (5) $1,000 scholarships to five (5) high school seniors who are members of OTIS Federal Credit Union.
Eligibility
- Applicant must be a primary member of OTIS Federal Credit Union.*
- Applicant must be a high school graduating senior.
- Applicant must be accepted to a post-secondary school.
- Student 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.
Completed application, essay, letter of acceptance, and letter of recommendation 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, 2025. The applications will be reviewed by the scholarship committee and finalists chosen from the submitted entries. Winners will be notified at their Senior Night or through their school if there is no Senior Night. 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
Upon receipt of successful completion of your first semester, provide the CU with a copy of your college transcript. The scholarship amount will be sent to you in a check.
*If the student is not a member of OTIS Federal Credit Union, he/she may join by opening a Membership Share/Savings account with a minimum of $25 prior to submitting an application. 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. Please call the Credit Union at (207) 897-0900 or check out our website for further details.
